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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