Increasing demand relating to anti-aging processes along with MIS procedures has resulted in increase in demand for global hyaluronic acid market. Hyaluronic acid, also known as hyaluronan or HA, are organic compounds which belong to the branch of carbohydrates and further to its polysaccharides segment. HA is prepared in laboratory by various processes which includes extraction from rooster combs, in-vitro and bacterial production. It is a nonsulfated glycosaminoglycan which is present in the connective, neural and epithelial tissues of living organisms. Owing to its hydrophilic nature, hyaluronic acid is used as lubricants and shock absorbers in various joint disorders, including osteoarthritis. However, it can be injected into the affected joint or taken by mouth as per directed by healthcare professional.
Hyaluronic Acid Products Market: Drivers & Restraints
Increase in medical and cosmetic applications are the main drivers for the hyaluronic acid market. Hyaluronic is naturally present in the human body but is also supplemented via oral, intradermal and intramuscular routes. Owing to its physical properties, it is widely used in treatment of osteoarthritis and eye related issues (replaces natural body fluids during surgeries of cornea, retina and cataract). As well a shift in trend towards plastic surgeries is fuelling the growth of the market. Also, hyaluronic acid is applied in wound healing particularly for diabetes patients. However, allergic reactions, other cost effective treatments along with several regulations concerns could act as restraints in the growth of global hyaluronic acid market.
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Hyaluronic Acid Products Market: Segmentation
Hyaluronic acid is a commercial chemical and is available in form of injection cycles. On the basis of product type the global hyaluronic acid product market can be segmented into: single, three and five doses (leading product segment). On the basis of application, the global hyaluronic market is classified as dermal fillers, in vesicoureteral reflux and drug delivery for osteoarthritis and ophthalmic treatments.
Hyaluronic Acid Products Market: Region-wise Outlook
North America is the leading market in terms of hyaluronic revenue generation. Its growth is boosted by the increasing geriatric population and their treatment demands. This region is known for organized healthcare which is likely to drive the market of hyaluronic. The population in North American countries is more conscious about ageing requirements and are much aware of anti- ageing treatments and consider alternatives such as plastic surgery. The country is more open towards such practices regularly. The prevalence of osteoarthritis is increasing in the region that is expected to bolster the hyaluronic demand. Also, Asia Pacific hyaluronic market is expected to witness high growth rates in forecast period 2015-2025. The region has large unmet needs of population. It is slowly catching up with the pace of the developed nations to satisfy the market needs through private and Government initiatives.
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Hyaluronic Acid Products Market: Key Players
The major players in global hyaluronic acid products are- Allergan Inc., Anika Therapeutics Inc., Sanofi Inc., Salix Pharmaceuticals, Ferring Pharmaceuticals, Fidia Farmaceutici, Seikagaku, Abdi Ibrahim and AstraZeneca, among many others.