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Market Analysis: Global Hyaluronic Acid Market
Global hyaluronic acid market is expected to rise to an estimated to register a substantial CAGR of 7.9% in the forecast period of 2019-2026. This rise in the market can be attributed to the Rise in demand for antiaging solutions, Increasing geriatric population and increase in application of tissue engineering and regenerative medicine are the drivers of this market.
Global Hyaluronic Acid Market By Type (Single injection, Three injection, and Five injection), Application (Osteoarthritis, Ophthalmic, Dermal fillers, Vesicoureteral reflux), Product (Hyaluronic Acid Injection, Hyaluronic Acid Sodium), End User (Beauty Industry, Therapy), Geography (North America, Europe, Asia-Pacific, South America and Middle East and Africa) – Industry Trends and Forecast to 2026
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Market Definition: Global Hyaluronic Acid Market
Hyaluronic acid is the fillers for reducing the wrinkles due to its antiaging property. In addition, it provides solutions to orthopedic disorders. Hyaluronic acid is a viscous substance that present in body naturally and act as a lubricants in joints, maintains the shape of eye ball and plays an important role in connecting tissues. In chemical terms, hyaluronic acid is a long unbranched polysaccharide made up of repeated dimeric units of glucuronic acid and N-acetyl glucosamine. Hyaluronic acid has wide applications in promoting healthy skin, healing wound, relieve dry eye and many others.
Market Drivers
· Rise in demand for antiaging solutions might boost the market growth
· Increasing geriatric population can act as a catalyst to market
· Increase in applications of tissue engineering and regenerative medicine have driven the market
· Rise in number of cosmetic surgeries around the globe would enhance the market
Market Restraints
· High cost involved in the treatment can restrict the growth
· Side effects related to hyaluronic acid cycles may hamper the market
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Competitive Analysis:
Global hyaluronic acid market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global hyaluronic acid market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major market competitors currently working in the global hyaluronic acid market are F. Hoffmann-La Roche Ltd, SEIKAGAKU CORPORATION, Galderma Laboratories, L.P., Sanofi, Anika Therapeutics, Inc., Zimmer Biomet, ALLERGAN, Ferring B.V., Genzyme Corporation, TRB CHEMEDICA INTERNATIONAL SA, Merz Pharma, Meiji holdings Co., Ltd, ZEISS International, Fidia Farmaceutici s.p.a, LifeCore Biomedical LLC, Evonik Industries AG, Smith & Nephew, Bausch Health, Pfizer Inc., New Avon LLC and others.
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Research Methodology: Global Hyaluronic Acid Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technical Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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Key Development
· In June 2018, Fidia Pharma Group announced the acquisition of Sooft, an Italian ophthalmic company. The acquisition would enhance product portfolio of Fidia after taking charge on 650 hyaluronic acid based patents. The acquisition will help Fidia Phara Group to strengthen its position in ophthalmic area
· In June 2016, Anika Therapeutics announced the launch of CINGAL, a fast acting steroid with cross-linked hyaluronic acid for treatment of osteoarthritis pain. The launch of the product was the part of their strategy to expand globally. With the CINGAL, Anika Therapeutics tried to strengthen its position in European market
Reasons to Purchase this Report
· Current and future of global hyaluronic acid market outlook in the developed and emerging markets
· The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
· Regions/Countries that are expected to witness the fastest growth rates during the forecast period
· The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
· All segmentation provided above in this report is represented at country level
· All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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About Data Bridge Market Research:
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