Transparency Market Research Report Added "Hyaluronic Acid Products Market" to its database.
Albany, NY -- (SBWIRE) -- 02/24/2015 -- Hyaluronic Acid Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
According to "Hyaluronic Acid Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", a new research report published by Transparency Market Research, the global hyaluronic acid products market valued at US$5.32 billion in 2012, is expected to reach US$9.85 billion by the end of 2019, registering growth at a CAGR of 9.2% during the forecast period from 2013 to 2019.
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Hyaluronic acid is a type of glycosaminoglycan that performs multiple functions in the human body, such as transporting nutrients through the body and retaining water in body tissues. It creates protective and flexible layers around the cell during nascent developments taking place inside the human body and conditions such as wound healing, inflammation, and cancer. Hyaluronic acid is an important component that is present naturally in a human body and is found in high concentrations in fluids around the joints and in the eyes.
A global surge in demand for hyaluronic acid products has been noticed in the recent years. Factors such as the increasing geriatric population, rising demand for anti-ageing procedures, increased consciousness among patients regarding product side-effects, and rising demand for minimally invasive surgical methods have significantly aided the expansion of the market for hyaluronic acid products globally.
In this report, we shall find segment-wise analysis of the global hyaluronic acid product market both in terms of product types and applications. In-depth investigation of the market's performance in individual geographic pockets has been included in the research report as well. Geographically, the research study has segmented the market into North America, Europe, Asia Pacific, and Rest of the World. On the basis of type of product, the market for hyaluronic acid products can be segmented under the categories of single-injection cycle, three-injection cycle, and five-injection cycle. Among these segments, the market for single-injection cycle and three-injection cycle is expected to multiply within the next couple of years due to changing dynamics of the market and high preference among patients in favor of short duration treatments.
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In terms of application, the market for hyaluronic acid can be segmented into osteoarthritis, ophthalmic, dermal fillers, and vesicoureteral reflux (VUR). In the application market, the demand for hyaluronic acid products is the highest in VUR disorders. The demand for hyaluronic acid products from the VUR segment is expected to grow at a CAGR of 12.0% during the forecast period from 2013 to 2019.
According to the report, the major players in the global hyaluronic acid products market include Anika Therapeutics, Inc., Ferring Pharmaceuticals, Inc., Meiji Seika Pharma Co., Ltd., Merz Aesthetics, Inc., Seikagaku Corporation, F. Hoffmann-La Roche Ltd., Galderma S.A., Salix Pharmaceuticals, Inc., Sanofi (Genzyme), Zimmer Holdings, Inc. Allegran Inc., Alcon, Inc., and Smith & Nephew plc.
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