Key players operating in the global hyaluronic acid products market
Major players involved in the global hyaluronic acid products market are Zimmer Holdings, Inc., Hoffmann-La Roche Ltd., Ferring Pharmaceuticals, Inc., F. Merz Aesthetics, Inc., Seikagaku Corporation, Allegran Inc., Smith & Nephew plc, and Alcon, Inc.
Hyaluronic acid is a powerful skincare component that keeps the skin moist. It is extensively used in anti-aging products and in minimal invasive surgery (MIS) procedures. Hyaluronic acid, also known as hyaluronan (HA) is an organic compound that belongs to the branch of carbohydrates and polysaccharides. Hyaluronic acid is manufactured in laboratories by numerous in-vitro processes including extraction from rooster combs and bacterial production. Average human body consists of around 15 grams of hyaluronic acid, though it can be administered through oral administration or injections as directed by the healthcare professional. Hyaluronic acid is hydrophilic in nature and therefore, it is used to absorb shock in people with joints disorder such as osteoarthritis. Moreover, due to quick absorption of hyaluronic acid into skin, it helps combating the signs of aging such as fine lines and wrinkles, which boosts the demand for hyaluronic acid products in cosmetics as hyaluronic acid beauty serums.
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Furthermore, growing awareness regarding health and beauty standards is expected to drive the demand of cosmetics and aesthetics procedure. Hyaluronic acid is used in treatment of mouth sores, dry eyes, and aging of skin. Whereas now many biological fields are evolved and slowly finding the purpose of hyaluronic acid to form a useful product that can favor the growth of hyaluronic acid products market. Treatment of osteoarthritis is also approved by the U.S. Food and Drug Administration (FDA) in 2015 by using hyaluronic acid.
Global Hyaluronic Acid Products Market Taxonomy
By Product Type
- Single Injection
- Three Injection
- Five Injection
By Application
- Dermal Fillers
- Ophthalmic
- Osteoarthritis
- Vesicoueteral reflux
By End User
- Hospitals
- Clinics
- Home
Market Dynamics
Increasing medical applications of hyaluronic acid is expected to drive the global hyaluronic acid products market growth
Growing medical applications of hyaluronic acid is expected to propel growth of the global hyaluronic acid products market over the forecast period. As hyaluronic acid is hydrophilic in nature, it finds application in treatment of osteoarthritis. Moreover, it is also used to replace body fluid during surgeries of retina, cornea, and cataract. Thus, increasing number of plastic surgeries is expected to drive growth of the global hyaluronic acid products market during the forecast period.
Furthermore, hyaluronic acid is also used as dermal filler in cosmetic surgery. Many hyaluronic acid products mainly consists of beauty products which provides essential moisture to maintain skin’s elasticity and smoothness such as hyaluronic moisturizers, shampoos, creams, conditioners and bath oils are also available in the market. In the recent past, the U.S. FDA approved hyaluronic acid skin filler that binds with water when injected into the skin, which provides volume to easily fill in the larger folds of the skin around the cheeks and mouth.
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Regional growth engines of global hyaluronic acid products market
The global hyaluronic acid products market is geographically segmented into North America, Europe, Asia Pacific and Middle East and Africa. Among regions, North America holds the dominant position in the global hyaluronic acid product market, owing to high demand for skincare treatment in the region. According to Population Reference Bureau report, the number of people from North America who are aged 65 years and above are projected to be more than double from 46 million in 2016 to over 98 million by 2060. Moreover, awareness related to anti-aging treatment and consideration of alternatives such as plastic surgeries is expected to drive the regional market growth in the near future. In 2015, the U.S. FDA approved Restylane Lyft, hyaluronic acid dermal filler, by Galderma Laboratories. Various hyaluronic acid cosmetics products such as bath oils, shampoos, creams and conditioners is expected to witness growth in market of Asia-Pacific.
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