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Hyaluronic Acid Market – By Product (Single Injection Dose, Multiple Injection Dose), Application (Dermal Fillers, Osteoarthritis, Ophthalmic, Vesicoureteral Reflux), Grade (Cosmetic, Pharmaceutical), End-use (Hospitals, ASC) – Global Forecast 2024 – 2032
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Hyaluronic Acid Market
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Base Year: 2023
Companies covered: 12
Tables & Figures: 261
Countries covered: 22
Pages: 110
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Hyaluronic Acid Market Size
Hyaluronic Acid Market size was valued at around USD 9.8 billion in 2023 and is estimated to grow at a CAGR of 7.2% between 2024 and 2032. This robust market growth can be attributed to various factors, including continuous advancements in skincare technology, rising demand for cosmetic implants procedures, growing aging population and, increasing prevalence of chronic diseases and conditions, among other contributing factors.
Moreover, chronic diseases such as osteoarthritis, diabetes, and cardiovascular diseases are common across the world. Medical therapies involving hyaluronic acid include viscosupplementation for osteoarthritis patients and wound healing for diabetic ulcers. The growth in chronic diseases needs therapeutic measures, resulting in increased demand for hyaluronic acid-based medicinal products.
For instance, according to the Centers for Disease Control and Prevention, 1 in 5 individuals in the U.S. (53.2 million) is affected by arthritis. Although there are over 100 various types of arthritis, osteoarthritis (OA) is the most common, affecting 32.5 million U.S. individuals.
Furthermore, advances in biotechnology and manufacturing processes have enabled the production of high-quality, pure, and standardized hyaluronic acid. These advancements have reduced production costs, improved scalability, and enhanced the consistency of hyaluronic acid products, making them more accessible and affordable for manufacturers and consumers alike, thereby contributing to the market progress.
Hyaluronic acid is a naturally occurring polysaccharide found in the human body and many other organisms. It belongs to the glycosaminoglycan family and is composed of repeating units of disaccharides, specifically glucuronic acid and N-acetylglucosamine. Hyaluronic acid is a key component of connective tissues, synovial fluid, and skin, where it plays important roles in hydration, lubrication, and tissue integrity.
Hyaluronic Acid Market Trends
The market is experiencing several notable trends that are shaping its growth and development. Factors such as rise in anti-aging treatments, expansion of cosmetic applications, surging demand for combination therapies, and continuous advancements in novel drug delivery systems and formulation technologies, among other factors are propelling the industry growth.
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.
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.
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.
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.
North America hyaluronic acid market accounted for USD 4.2 billion revenue in 2023 and is predicted to witness substantial market growth.
Hyaluronic Acid Market Share
The hyaluronic acid industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies is among a key market strategy. Some of the leading industry players including Allergan, Inc., Anika Therapeutics, Inc., F. Hoffmann-La Roche Ltd, Sanofi, Zimmer Biomet, among others have a notable presence in the market.
Hyaluronic Acid Market Companies
Some of the eminent market participants operating in the hyaluronic acid industry include:
Hyaluronic Acid Industry News
Hyaluronic acid market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 – 2032 for the following segments:
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Market, By Product
Market, By Application
Market, By Grade
Market, By End-use
The above information is provided for the following regions and countries: