Skip to main content

Global Hyaluronic Acid Market Is Projected To Reach USD 11.15 Billion By 2022

In terms of revenue in 2014, the global market for hyaluronic acid Market was calculated to be USD 5.50 billion and is projected to reach USD 11.15 billion by 2022, growing at a CAGR of 9.7% from 2015 to 2022.
Hyaluronic acid is witnessing growth on the back of rising demand from cosmetics and medical applications. Moreover, growing incidence of ulcers, osteoarthritis and geriatric population is another major factor attributing towards market growth. However, other cost effective treatment present in the market and allergic reaction associated with it can restraint the market growth. Advancement in technology towards better health services is projected to fuel the market demand for hyaluronic acid.
By product type, in 2014, five injection was the leading product type of hyaluronic acid and accounted for 40% share of the market. High usage is one of the major factor attributing towards the market growth. Single injection is forecasted to be the fastest growing market during the forecast period. 
In 2014, dermal fillers was the largest application segment for hyaluronic acid and was calculated to be USD 2.04 billion. Vesicoureteral reflux is the fastest growing application segment of hyaluronic acid. Recent improvements are the factors driving the market growth.
In 2014, North America was the largest market accounted for 37% share of the market pie. This is due to presence of geriatric population and high awareness among them regarding the different procedures. Asia Pacific is projected to be the fastest growing market during the forecast period. The market is projected to grow at a CAGR of 10.1% during the forecast period. Rapidly improving health care industry and rising awareness among the growing population are the factors attributing towards the growth. RoW is another lucrative market due to increasing awareness about the use and affects for hyaluronic acid.
Some of the major players present in this market are Salix Pharmaceuticals, Ferring Pharmaceuticals Inc., Anika Therapeutics Inc., and Allergan Inc among others.
Labels:

Comments

Post a Comment

Popular posts from this blog

Leadless Cardiac Pacemakers Market Is Expected To Reach US$ 269.8 Mn By 2026

The latest market report published by Credence Research, Inc. “Global  Leadless Cardiac Pacemakers Market  - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global leadless cardiac pacemakers market is expected to reach from US$ 47.1 Mn in 2017 to US$ 269.8 Mn by 2026 expanding at a CAGR of 21.9% from 2018 to 2026. Browse the full report  Leadless Cardiac Pacemakers Market  - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at   https://www.credenceresearch.com/report/leadless-cardiac-pacemakers-market Market Insights Atrial fibrillation is a medical condition in which irregular heartbeats can lead to clinical manifestations such as stroke, blood clot, and other heart complications. Many patients suffering with atrial fibrillation are under the wrong impression that it is not a serious medical condition eventually increasing the occurrence of heart failure by 5 folds. Leadless pacema...
Post a Comment
Read more

Surgery Tables Market Expected To Exhibit Steady Growth During The Forecast Period

The latest market report published by Credence Research, Inc. “ Surgery Tables Market  - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,”  the global surgery tables market was valued at US$ 790.9 Mn in 2017 and expected to expand at a CAGR of 3.7% from 2018 to 2026. Browse the full report at  https://www.credenceresearch.com/report/surgery-tables-market Get here the sample in PDF:   https://www.credenceresearch.com/sample-request/59594 Market Insights The global market for surgery tables is poised to grow at a steady rate during the forecast period owing growing investment in the healthcare sector across the globe due to rising volume of surgeries and growing burden of chronic diseases worldwide. Growing cases of traumatic injuries are also resulting in the rise of surgeries thereby driving the demand for surgery tables. Surgery tables with ability to position patients differently for various procedures are be...
Post a Comment
Read more

Hip Replacement Implants Market Expected to Exhibit Steady Growth during the Forecast Period

The latest market report published by Credence Research, Inc. “ Hip Replacement Implants Market  - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,”  the global hip replacement implants market was valued at US$ 7,202.5 Mn in 2017 expanding at a CAGR of 3.6% from 2018 to 2026. Browse full report at  https://www.credenceresearch.com/report/hip-replacement-implants-market Market Insights The global hip replacement implants market is driven by growing number of hip arthroplasty throughout the globe, rising prevalence of osteoporosis, osteoarthritis and hip ailments leading to hip replacement surgeries. Growth in trauma and injuries have also boosted the number of hip arthroplasty in the recent years. Product innovation and continuous research and development to improve the hip systems and materials is the major driver in increased demand of hip replacement implants. Many studies have emphasized the benefits of replacement surgeries in reducing p...
Post a Comment
Read more