What is the Global market size of the Hyaluronic Acid Market?

Global Hyaluronic Acid Market size was valued at USD 8.74 billion in 2021 and is poised to grow from USD 9.4 billion in 2022 to USD 16.8 billion by 2030, growing at a CAGR of 7.58% in the forecast period (2023-2030).

Hyaluronic Acid Market Size, Share, Growth Analysis, By Application(Dermal Fillers, Osteoarthritis, Ophthalmic, Vesicoureteral Reflux), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2361 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 37 | Figures: 74

Hyaluronic Acid Market Insights

Hyaluronic Acid Market size was valued at USD 8.74 billion in 2022 and is poised to grow from USD 9.4 billion in 2023 to USD 16.8 billion by 2031, growing at a CAGR of 7.58% in the forecast period (2024-2031).

Pollution and tobacco consumption with an unhealthy lifestyle can all diminish the amount of hyaluronic acid in human skin. Proper use of hyaluronic acid-based supplements and serums aids in prevention and skin improvement. The growing preference for marginally invasive procedures, as well as the desire for speedier outcomes, are projected to drive market expansion in the future years. The aging population, the introduction of cost-effective treatments and goods, and technological advancements are some of the causes driving the hyaluronic acid industry's growth.

US Hyaluronic Acid Market is poised to grow at a sustainable CAGR for the next forecast year.

Hyaluronic Acid Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

The Hyaluronic acid market is relatively fragmented, with a high level of competition. Few large players, like Allergan Inc., Sanofi S.A., and Anika Therapeutics, Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Allergan plc', 'Anika Therapeutics, Inc.', 'Ferring Pharmaceuticals', 'Galderma S.A.', 'Genzyme Corporation', 'Hyaltech Ltd.', 'LG Life Sciences Ltd.', 'Medytox, Inc.', 'Merz Pharma GmbH & Co. KGaA', 'Salix Pharmaceuticals, Inc.', 'Sanofi S.A.', 'Seikagaku Corporation', 'Shanghai Jingfeng Pharmaceutical Co., Ltd.', 'Shiseido Company, Limited', 'Sinclair Pharma plc', 'Smith & Nephew plc', 'Teva Pharmaceutical Industries Ltd.', 'Valeant Pharmaceuticals International, Inc.', 'Zimmer Biomet Holdings, Inc.', 'AstraZeneca'

The increased number of plastic surgeons and cosmetic clinics contributes to an increase in the number of aesthetic operations performed. The hyaluronic acid industry is being driven by the increasing use of nonsurgical cosmetic procedures such as Botox and hyaluronic acid injectables.

Increasing elderly population and the rising prevalence of obesity are the trends that have been witnessed in recent times that will benefit the hyaluronic acid market. Dermal fillers are the most common nonsurgical injectable procedures, and they are frequently used to fix soft tissue abnormalities on the face. This is according to the American Society of Plastic Surgeons (ASAPS). Dermal fillers made from hyaluronic acid are widely used for cosmetic purposes. These fillers are injected to smooth out wrinkles and creases, treat dark circles under the eyes, smooth out scars, and rejuvenate the skin. All these development is expected to propel the expansion of the hyaluronic acid market and will be bolstered throughout the forecast period.

In 2021, North America accounted for more than 43% of the global hyaluronic acid market and is expected to do the same throughout the analysis period. This is owing to the presence of a sizable older population, which is more vulnerable to illnesses like osteoarthritis, vesicoureteral reflux, and cataracts. Furthermore, the increased demand for less invasive aesthetic operations is a crucial element contributing to North America's high share.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Hyaluronic Acid Market Size, Share, Growth Analysis, By Application(Dermal Fillers, Osteoarthritis, Ophthalmic, Vesicoureteral Reflux), By Region - Industry Forecast 2024-2031

Hyaluronic Acid Market Insights

Hyaluronic Acid Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Hyaluronic Acid Market?

Who are the key vendors in the Hyaluronic Acid Market?

What is the key driver of Hyaluronic Acid Market?

What is the key market trend for Hyaluronic Acid Market?

Which region accounted for the largest share in Hyaluronic Acid Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300