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Hyaluronic Acid Market Analysis

  • Report ID: GMI8369
  • Published Date: Mar 2024
  • Report Format: PDF

Hyaluronic Acid Market Analysis

The market by product is categorized into multiple injection dose, and single injection dose. The multiple injection dose segment garnered USD 6.5 billion revenue in 2023.

  • Multiple injection doses of hyaluronic acid are often used in treatments such as dermal fillers and viscosupplementation for osteoarthritis. Compared to single injections, multiple doses provide more sustained and longer-lasting effects. By administering hyaluronic acid in a series of injections over a prescribed period, healthcare providers can achieve gradual and cumulative improvements in skin texture, volume restoration, joint lubrication, and pain relief.
  • In addition, it allows healthcare providers to tailor treatment plans according to individual patient needs, goals, and response to therapy. Patients with severe or advanced signs of aging, joint degeneration, or volumetric deficits may benefit from a series of injections spaced over several weeks or months to achieve optimal outcomes. Tailored treatment plans enable personalized care and address specific concerns while minimizing potential adverse reactions and maximizing patient satisfaction.

Hyaluronic Acid Market, By Application (2023)

Based on application, the hyaluronic acid market is segmented into dermal fillers, osteoarthritis, ophthalmic, vesicoureteral reflux, and other applications. The dermal fillers segment accounted for over 40% business share in 2023 and is anticipated to witness significant growth during the forecast period.

  • Dermal fillers offer a non-surgical alternative to invasive cosmetic procedures such as facelifts and implants. They are injected directly into the skin to address volume loss, fine lines, and wrinkles, providing immediate results without the need for incisions or downtime. The non-surgical nature of dermal filler treatments appeals to individuals seeking cosmetic enhancements with minimal risk and recovery time.
  • Moreover, HA-based dermal fillers offer versatility in treating various facial areas and aesthetic concerns. They can be used to augment lips, sculpt cheekbones, fill in under-eye hollows, smooth nasolabial folds, and enhance jawlines. The ability to customize treatment plans and target specific facial features allows healthcare providers to address individual patient needs, preferences, and aesthetic goals, driving demand for HA fillers across diverse patient demographics.

Based on grade, the hyaluronic acid market is segmented into cosmetic grade hyaluronic acid and pharmaceutical grade hyaluronic acid. The cosmetic grade hyaluronic acid segment accounted for around 68.6% business share in 2023.

  • HA is known for its anti-aging properties, including plumping and firming the skin, reducing the appearance of fine lines and wrinkles, and promoting a more youthful complexion. Cosmetic-grade HA formulations deliver these anti-aging benefits by restoring volume, improving skin texture, and enhancing overall skin tone and elasticity. As consumers seek effective solutions to combat signs of aging, the demand for HA-based anti-aging products remains high.
  • Additionally, the popularity of minimally invasive cosmetic procedures, such as injectable dermal fillers and mesotherapy, has surged in recent years. Cosmetic-grade HA is a key component in dermal fillers used for facial contouring, lip augmentation, and wrinkle reduction. Its biocompatibility, pliability, and ability to integrate seamlessly into the skin make it an ideal filler material for restoring volume and enhancing facial aesthetics.

The hyaluronic acid market by end-use is categorized into hospitals, dermatology clinics, ambulatory surgical centers, and other end-users. The hospitals segment accounted for around USD 5.7 billion revenue size in 2023.

  • Hospitals invest in advanced orthopedic technologies, surgical techniques, and therapeutic modalities to optimize patient outcomes and enhance clinical efficiency. HA viscosupplementation is integrated into comprehensive orthopedic care pathways, offering patients a conservative treatment option that complements other modalities such as physical therapy, bracing, and medication management. Hospitals leverage HA injections as part of multimodal pain management strategies and joint preservation protocols for improved patient care and satisfaction.
  • Additionally, many patients prefer non-surgical treatment options for musculoskeletal conditions like osteoarthritis, particularly those aimed at pain relief and functional improvement. HA injections offer a non-surgical alternative to joint replacement surgery, providing symptomatic relief and enhancing quality of life for patients with mild to moderate osteoarthritis. Hospitals cater to patient preferences by offering HA viscosupplementation as part of comprehensive orthopedic care and pain management programs.

North America Sodium Hyaluronic Acid Market, 2020- 2032 (USD Billion)

North America hyaluronic acid market accounted for USD 4.2 billion revenue in 2023 and is predicted to witness substantial market growth.

  • North America has a sizable aging population, with a growing number of individuals aged 65 and above. As people age, the natural production of HA in the body decreases, leading to skin aging, joint stiffness, and other age-related issues. The rising aging population drives the demand for HA-based products and treatments to address age-related concerns such as wrinkles, sagging skin, and osteoarthritis.
  • Furthermore, North America is at the forefront of skincare research, development, and innovation. The region witnesses continuous advancements in skincare technologies, formulations, and delivery systems, including HA-based serums, moisturizers, and masks. Technological innovations enhance the efficacy, safety, and user experience of HA skincare products, driving consumer adoption and market expansion, leading to the regional growth.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global hyaluronic acid industry size was USD 9.8 billion in 2023 and is estimated to reach over USD 18.8 billion by 2032, driven by continuous advancements in skincare technology, the rising demand for cosmetic implants procedures and growing aging population.

The dermal fillers application segment accounted for over 40% of the market share in 2023 and is anticipated to witness significant growth till 2032, as they offer a non-surgical alternative to invasive cosmetic procedures such as facelifts and implants.

North America hyaluronic acid industry size was USD 4.2 billion in 2023 and is predicted to witness substantial growth till 2032, driven by a sizable aging population, with a growing number of individuals aged 65 and above.

Allergan, Inc., Anika Therapeutics, Inc., Bloomage Biotech Co., Ltd, F. Hoffmann-La Roche Ltd, Ferring B.V, GALDERMA, LG Chem, Ltd., Lifecore Biomedical, Inc., Salix Pharmaceuticals, Ltd., Sanofi, Seikagaku Corporation are some of the major industry contenders.

Hyaluronic Acid Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 261
  • Countries covered: 22
  • Pages: 110
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