Global Hyaluronic Acid Products Market Driven by High Demand for Anti-ageing Products, to Reach US$9.85 bn by 2019 The global hyaluronic acid products market was recorded at US$5.32 bn in 2012. Owing to a few high-impact drivers, this market is expected to reach US$9.85 bn by the end of 2019, progressing at a CAGR of 9.2% within a forecast period from 2013 to 2019. The statistical and factual data is presented in a research report published by leading market intelligence agency, Transparency Market Research. The report, “Hyaluronic Acid Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,� provides concise details on the why this market is behaving the way it is, and how it can be expected to fare in the near future. Hyaluronic acid performs multiple functions in the human body. It is a type of glycosaminoglycan, which is distributed throughout the body in epithelial tissues, neural tissues, and connective tissues. Hyaluronic acid performs the crucial role of retaining water in body tissues and transporting nutrients through the body. When a person suffers from conditions such as inflammation, wound healing, and cancer, hyaluronic acid creates a flexible yet protective layer around the body cell. Hyaluronic acid is therefore an important component that is naturally present in human body. It is found in high concentrations in fluids in the eyes and around the joints.
Given its inherent advantages, hyaluronic acid (HA) exhibits a wide range of applications in ophthalmology, dermatology, rheumatology, orthopedic surgery, otolaryngology, plastic surgery, drug delivery, and wound healing. According to a recently published report by Transparency Market Research, a leading U.S.-based market intelligence firm, the global hyaluronic acid products market is poised to grow at a progressive 9.2% CAGR from 2013 to 2019. The market for hyaluronic acid products was valued at US$5.32 billion in 2012 and is expected to reach a total value of US$9.85 billion by the end of 2019. To understand the market viability of the hyaluronic acid products, the market can be segmented in terms of treatment regimen into five-injection cycle, three-injection cycle, and single-injection cycle products. HA injectibles are readily available in the market and are widely used across applications such as ophthalmic surgery, dermal fillers, osteoarthritis, and vesicoureteral reflux (VUX). In the last couple of years the demand for hyaluronic acid products has exponentially increased. Impelled by the growing geriatric population and growing awareness among people about antiaging procedures, the hyaluronic acid products market is anticipated to expand considerably in
the forthcoming years. In addition, increasing preference among patients for minimally invasive procedures is the other major factor propelling the hyaluronic acid products market. Browse Full Research Report on Hyaluronic Acid Products Market: http://www.transparencymarketresearch.com/hyaluronic-acid-products-market.html With regard to the various product types, five-injection cycle products dominate the market at present. However, in the next couple of years, industry analysts expect single injection products to register the highest compound annual growth rate. The shift in preference among patients from five-injection cycle HA products to single-injection cycle HA products is spurred by the rising demand for short-duration treatment. The desire to avoid side effects such as inflammation, redness, and itching has also contributed to the rising demand for single-injection. On the basis of application, dermal fillers account for the largest share of market, followed by osteoarthritis and VUR or vesicoureteral reflux. Of these, the segment of VUR application is expected to register the fastest growth in the foreseeable future. Geographically, the global market for hyaluronic acid products can be segmented into Europe, Asia Pacific, North America, and Rest of the World. Among these broad geographical categories, North America leads the global market for hyaluronic acid products. People residing in this part of the world are highly aware of modern anti-aging treatment procedures. Moreover, a high level of acceptance of premium products also prevails in North America, which has made the region the largest market for hyaluronic acid products, followed by Europe. The market for hyaluronic acid products in Europe has had to go through the turmoil created by the recent economic downturn, which adversely affected reimbursement policies. As a result, premium-priced products found acceptance only in a handful of flourishing economies in Europe. Market studies have revealed lucrative prospects for hyaluronic acid products in Asia Pacific and Rest of the World. These geographic segments are touted as the future destinations for leading market players. Rapid economic development in conjunction with progressively developing healthcare facilities in the region and growing demand for minimally invasive surgeries is likely to trigger growth of the market for hyaluronic acid products.
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