North America Hyaluronic Acid Market by Application, Technology, Type, CAGR and Key Players
Market Definition
Data Bridge Market Research
analyzes that the market is growing with a CAGR of 9.0% in the forecast period
of 2023 to 2030 and is expected to reach USD 7,960.24 million by 2030 from USD
3,986.54 million in 2022.
Hyaluronic Acid (HA) also
called hyaluronan, is an anionic, non-sulfated glycosaminoglycan distributed
widely throughout connective, epithelial, and neural tissues. An essential
component of articular cartilage, hyaluronic acid surrounds each cell in the
cartilage like a coat (chondrocyte). The robustness of cartilage is due to
these aggregates' ingestion of water (its resistance to compression). The
molecular weight (size) of hyaluronan in cartilage decreases with age, but the
amount increases. The human body naturally contains HA. The largest quantities
of HA are seen in the joints and eyes. The chemical has the capacity to
maintain luscious, moisturized skin. As a result, it is used by many cosmetic
surgeons as an injectable to delay the signs of aging on the skin.
The increasing prevalence of
minimally invasive procedures and rising awareness and demand for hyaluronic
acid in pharmaceutical and cosmetic products across the globe are major driving
factors for market growth in the forecast period. The dramatic rise in the
quality of research coupled with increasing research opportunities is because
of various strategic initiatives taken by the market players. They are taking
initiatives such as product launches, collaborations, mergers, acquisitions,
and many more over the years and are expected to lead and create more
opportunities in the market.
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Some of the key questions
answered in this report:
·
How has the North America Hyaluronic Acid Market
performed so far and how will it perform in the coming years?
·
What has been the impact of COVID-19 on the North
America Hyaluronic Acid Market?
·
What are the key regional markets?
·
What is the breakup of the market based on the
procedure?
·
What is the breakup of the market based on the
injury location?
·
What is the breakup of the market based on the
end user?
·
What are the various stages in the value chain
of the industry?
·
What are the key driving factors and challenges
in the industry?
·
What is the structure of the North America
Hyaluronic Acid Market and who are the key players?
·
What is the degree of competition in
the industry?
North
America Hyaluronic Acid Market Dynamics
This
section deals with understanding the market drivers, advantages, opportunities,
restraints, and challenges. All of this is discussed in detail below:
DRIVERS
·
Increasing Awareness Towards
Cosmetic Injectables or Dermal Fillers
Hyaluronic
acid-based dermal fillers are the less invasive cosmetic processes. Dermatology
problems are common across the globe. It has become a major concern to
understand the products to treat skin-related problems and restore skin
wrinkles. Various programs have been launched to create awareness about the
proper use of hyaluronic acid injectables.
The
increased consciousness will enable the consumers to opt for the correct
treatment of acne and wrinkles and to select the right product (Botox
injection, dermal fillers) as per the correct cause. This will lead to a rise
in sales, a rise in the product portfolio, and an expansion of the product
line. This factor is expected to propel the market growth.
·
Use of Invasive Hyaluronic Acid
Based Dermal Fillers
Hyaluronic
acid-based dermal fillers are less invasive cosmetic processes, which are
promptly increasing across the globe. These are popular cosmetic procedures for
facial renovation, face volume restoration, and aesthetic improvement.
They are
quite versatile and they are used on fine lines and wrinkles. In addition,
these are also used for treating acne, wrinkles, and scars and for lip, cheek,
and chin augmentation. The rise in the geriatric population has uplifted the
necessity of non-invasive surgical protocols.
The
implementation of hyaluronic acid-based dermal fillers will reduce the chances
to opt for normal surgery. There is a minimum cost of treatment and this factor
will boost the market growth.
North America Hyaluronic Acid Market Country Level Analysis
The countries covered in
this market report are the U.S., Canada, and Mexico.
North America Hyaluronic Acid Market Share Analysis
North America Hyaluronic Acid Market, By Grade (Cosmetic
Grade and Pharmaceutical Grade), Type (Hydrolyzed Hyaluronic Acid, Sodium
Acetylated Hyaluronic Acid, and Sodium Hyaluronate), Application (Aesthetics,
Osteoarthritis, Pharmaceutical API, Cosmetics, Ophthalmology, and Others), End
User (Medical Spas and Beauty Centers, Dermatology Clinics, and Cosmetic
Surgery Centers), Distribution Channel (Direct Tender and Retail Sales)
Industry Trends and Forecast to 2030.
Key player North America Hyaluronic Acid Market
Some of the major players
operating in the North America hyaluronic acid market are Fidia Farmaceutici
S.p.A., AbbVie., Bloomage Biotechnology Co., Ltd., GALDERMA, LG Chem, Anika
Therapeutics, Inc., Abbott, VIRCHOW BIOTECH, Kewpie Corporation, Merz North
America, Inc., LABORATOIRES FILLMED, Prollenium Medical Technologies., Huons,
Contipro a.s., Lifecore Biomedical, Inc., BioScience GmbH, Teoxane, Bioxis
Pharmaceuticals, SHANDONG TOPSCIENCE BIOTECH CO., LTD., Bohus BioTech AB, RIVER
PHARMA s.r.l., Symatese, Stanford Chemicals owned by Oceania International LLC,
Bioiberica S.A.U., GENESIS pharmacy services, and Brickell Men's Products among
others.
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MAJOR
TOC OF THE REPORT
·
Chapter
One: Introduction
·
Chapter
Two: Market Segmentation
·
Chapter
Three: Market Overview
·
Chapter
Four: Executive Summary
·
Chapter
Five: Premium Insights
·
Chapter
Six: North America Hyaluronic Acid MarketShare by Product & Procedure type
Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=north-america-hyaluronic-acid-market
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