Hyaluronic Acid Market – Rising Use of Hyaluronic Acid in Cosmetic & Personal Care is Expected to Lead the Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 7.2% from 2022 to 2028

Hyaluronic Acid
  • Hyaluronic Acid Market

As stated in our extensive report; the Global Hyaluronic Acid Market accounted forUSD 8.5 Billionin 2021.

The expanding demand for minimally invasive treatment is fuelling the growth of Hyaluronic Acid product sales, and this is pushing the major beauty brands to have Hyaluronic Acid as a key element. Also, it is utilized by numerous cosmetic surgeons as an injectable to delay the signs of skin aging.

The highest quantity of Hyaluronic Acid is seen in the eyes and joint fluids. Hyaluronic Acid (HA), also called hyaluronan or hyaluronate, is an anionic, non-sulfated glycosaminoglycan distributed extensively all over connective, epithelial, and neural tissues. The human body naturally includes Hyaluronic Acid. This chemical can keep luscious and moisturized skin. In thisarticle, we’re discussing the major reasons for the growth of the Hyaluronic Acid Market worldwide.

Factors Influencing Global Hyaluronic Acid Market Growth

The growth of the Global Hyaluronic Acid Market can be attributable to the below factors:

i. The Hyaluronic Acid Market is driven by major factors such as an increase in the elderly population base and the launching of technologically advanced products worldwide.

ii. The rise in preference for minimally invasive procedures and the need for rapid results will likely propel the growth of the Hyaluronic Acid Market during the forecast period.

iii. Other vital aspects driving the industry’s development include the surge in aesthetic consciousness and the introduction of cost-effective treatments and products.

iv. Increase in the adoption of nonsurgical cosmetic procedures, including Botox and Hyaluronic Acid injectables, propels the market expansion.

On the other hand, the restraining factors such as the increasing price of Hyaluronic Acid products and the problems with the usage of Hyaluronic Acid products like adverse side effects, including allergic reactions like redness or itching in certain people and safety risks & the effectiveness of Visco supplementation products might hinder the growth of Global Hyaluronic Acid Market in the coming years.

North America Region to Capture the Market

North Americaholds the largest share in theHyaluronic Acid Market, where China and Japan countries provide the most extensive customer base. The increase in the geriatric population for anti-aging products and services drives the market growth in this region. In addition, the vital industrial participants, mainly in China, will support the market growth inNorth America. Also, the growing awareness of product applications and efficacy is expected to propel the regional market growth in the forecast period.

As per our latest report on the Hyaluronic Acid Market, a worldwide surge in the consumption of Hyaluronic Acid in the cosmetics and pharmaceutical business has influenced the overall Hyaluronic Acid Market sales positively.

Some of the prominent players in the Global Hyaluronic Acid Marketinclude- Allergan (Ireland), Anika Therapeutics Inc. (U.S.), Bio Plus Co. Ltd. (South Korea), Bioxis Pharmaceuticals (France), Bohus Biotech AB (Sweden), Candela Medical (U.S.), Galderma Laboratories L.P. (U.S.), Genzyme Corp. (U.S.), NUVISAN GmbH (Germany), Laboratoires Vivacy (France), LG Chem (South Korea), Medicis Aesthetics Holdings Inc. (U.S.), Merz Pharmaceuticals (Germany), Sculpt Luxury Dermal Fillers Ltd. (U.S.), Sinclair Pharma (U.S.) and others.