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Hyaluronic Acid Market

Hyaluronic Acid Market by Type (Osteoarthritis, Derma Fillers, Ophthalmic, Vesicoureteral)-Global Market Trends & Forecasts Upto 2023 

Report code: SDMRCH499869 | Industry: Chemicals & Materials | Published On: 7/6/2019

The total hyaluronic acid market is anticipated to grow at a CAGR of 7.3% from 2017-2023 and is projected to reach $ 14 billion by 2023. Hyaluronic acid finds it usage in treating joint pains, osteoarthritis, and certain cosmetic surgeries. Globally, the market is expected to be highly driven by the rising demand for hyaluronic acid in medical as well as beauty and cosmetic industries. Increasing incidence of ulcers, growing geriatric population, and rising obesity that results in a number of cases of joint pain and osteoarthritis are the major factors that contribute towards the market growth. Huge R&D in technology towards better health services is anticipated to boost the demand for hyaluronic acid during the forecast period.
In terms of product type, in Osteoarthritis, the five injection therapy accounted for the largest market share in 2017. The five injection course consists of five consecutive weeks and is highly recommended by doctors. By the end of the treatment cycle, the patient or the consumer starts experiencing the effect of the hyaluronic acid therapy. The segment accounted for more than 40% of the global market in 2017, owing to its popularity among both doctors and consumers. Single and three injection cycle account for a lesser market share as these injections are much costlier than five injections and are not very affordable for consumers. However, the single injection therapy is gaining popularity and is expected to witness the highest growth rate in future, due to the preference of consumers for short term treatment, along with it being quite convenient for them.
Dermal fillers was observed as the largest market segment in 2017. The increasing desire of the consumer to maintain their beauty and looks drives the market for the dermal filler segment. Hyaluronic acid injections are used to improve the skin's contour and reduce depressions in the skin caused by scars, injury, or lines. Coupled with the rising trend of cosmetic surgery all the other factors contribute heavily to the market growth of dermal fillers and hyaluronic acid as a whole.
In terms of region, North America was the largest market for hyaluronic acid followed by Europe. Some of the major players such as Anika Therapeutics, Sanofi Genzyme, Salix Pharmaceuticals, etc., in North America and their highly competing strategies to provide the consumer with cost-effective products makes North America one of the most favoured markets for hyaluronic acid. The awareness of such treatment makes this region a favourable market for hyaluronic acid than the Asia-Pacific market.
Recently, a new trend of usage of combination products and the pipelines of major manufacturers in the hyaluronic acid products market having a combo of corticosteroid and hyaluronic acid-based injections has been observed. This innovative combination provides a pain relieving effect of corticosteroids with the long-lasting influence of hyaluronic acids.
Major companies are engaged in extensive R&D to develop innovative and effective products. In 2016, Bioventus, an orthobiologic solutions provider, entered into a multi-year agreement with Institut Biochimique SA (IBSA) from Switzerland, to secure the U.S. distribution rights for GELSYN-3 (a three-injection, hyaluronic acid product for pain relief related to osteoarthritis (OA) of the knee). In January 2018, Anika Therapeutics expanded its collaboration with the Institute for Applied Life Sciences (IALS) at the University of Massachusetts Amherst to develop an innovative therapy for rheumatoid arthritis. Some of the major players that operate in the industry are Sanofi Genzyme, Salix Pharmaceuticals, Shiseido, Ferring B.V., Lifecore Bio-Medical, LLC, LG Life Sciences, Allergan, Galderma and Seikagaku Corporation, & others.

1  Introduction          
  1.1  Goal  &  Objective        
  1.2  Report  Coverage        
  1.3  Supply  Side  Data  Modelling  &  Methodology        
  1.4  Demand  Side  Data  Modelling  &  Methodology        
2  Executive  Summary          
3  Market  Outlook            
  3.1  Introduction        
  3.2  Current  &  Future  Outlook        
  3.3  DROC        
    3.3.1  Drivers     Demand  Drivers   Supply  Drivers    
    3.3.2  Restraints      
    3.3.3  Opportunities      
    3.3.4  Challenges      
  3.4  Market  Entry  Matrix        
  3.5  Market  Opportunity  Analysis        
  3.6  Market  Regulations        
  3.7  Pricing  Mix        
  3.9  Value  Chain  &  Ecosystem        
  3.8  Key  Customers        
  Demand  Side  Analysis          
  4.1  Hyaluronic  Acid  Market  by  Type        
    4.1.1  Osteoarthritis     Single  Injection   Three  Injection   Five  Injection    
    4.1.2  Dermal  Fillers      
    4.1.3  Ophthalmic      
    4.1.4  Vesicoureteral      
  Hyaluronic  Acid  Market  Analysis,  By  Region              
  6.1  North  America        
    6.1.1  U.S.      
    6.1.2  Canada      
    6.1.3  Mexico      
  6.2  Europe          
    6.2.1  Germany        
    6.2.2  Italy      
    6.2.3  France      
    6.2.4  Spain      
    6.2.5  UK      
    6.2.6  Poland      
    6.2.7  Turkey      
    6.2.8  Rest  of  Europe      
  6.3  Asia  Pacific        
    6.3.1  China      
    6.3.2  Japan      
    6.3.3  India      
    6.3.4  Malyasia      
    6.3.5  Thailand      
    6.3.6  Idonesia      
    6.3.7  Rest  of  APAC      
  6.4  Middle  East  &  Africa        
    6.4.1  Saudi  Arabia      
    6.4.2  UAE      
    6.4.5  Rest  Of  Middle  East  &  Africa      
  6.5  South  America        
    6.5.1  Brazil      
    6.5.3  Argentina      
    6.5.4  Rest  of  South  America      
  Supply  Side  Analysis          
  7.1  Strategic  Benchmarking        
  7.1  Market  Share  Analysis        
  7.1  Key  Players          
    7.3.1  Genzyme  Corporation      
    7.3.2  Sanofi      
    7.3.3  Shiseido      
    7.3.4  Ferring  B.V.      
    7.3.5  Lifecore  Bio-Medical,  LLC      
    7.3.6  LG  Life  Sciences      
    7.3.7  Sanofi      
    7.3.8  Ankita  Therapeutics      
    7.3.9  Allergan      
    7.3.10  Salix  Pharmaceuticals      
    7.3.11  Galderma      
    7.3.12  Seikagaku  Corporation  &  Others      
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach


Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.

Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis

Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price

Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image
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