Albany, NY -- (SBWIRE) -- 07/11/2018 -- Throughout the world, hyaluronic acid has become an increasingly prevalent ingredient in serums and moisturizers for its superpower hydrating and anti-aging capacities. It is available in a variety of products ranging from vitamin supplements to beauty creams. Recently, a fresh study titled "Global Hyaluronic Acid (Sodium +Injection) Market by Manufacturers, Regions, Type and Application, Forecast to 2023" has been broadcasted to the wide database of Market Research Hub (MRH), which offers a holistic outlook of the current market scenario as well as future growth prospects. According to the research findings, in the last several years, the global market of Hyaluronic Acid (Sodium +Injection) developed rapidly, with an average growth rate of 23%.
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With an extensive forecast period of 2018-2023, the study offers a holistic perspective on the expansion of the hyaluronic acid market, in terms of value (in US$ Mn), and volume (thousand units). In addition, this market evaluation scrutinizes the sector by concentrating on this growing market's share and revenue based on the effective regions. The report encloses geographical divergence of the market covering prime regions with forecast factors for the time period 2018- 2023. Regions highlighted in the study include Europe, South America, North America, Asia-Pacific, Middle East and Africa.
Key Insights from the Study
According to the research prime evaluations, the worldwide market for Hyaluronic Acid (Sodium +Injection) is anticipated to grow at a notable CAGR of 18.0% over the next five years and will reach value of 10400 million US$ in 2023, from its valuation of 3850 million US$ in 2017.
Hyaluronic acid is a natural substance in skin which has the capacity to attract and clutch vast amounts of moisture. In terms of geographical scenario, the analyst finds that Europe region is the largest supplier of Hyaluronic Acid (Sodium +Injection), with a production market share nearly 38%. On the other hand, United States is the second largest supplier of Hyaluronic Acid (Sodium +Injection), enjoying production market share nearly 29%. It has been also reported that North America is the largest consumption place, with a consumption market share nearly 34.5%.
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Moving further, the research throws light on major segments of the market to understand the market better. This report categorizes the market based on manufacturers, type and application. By type, the study covers Hyaluronic Acid Injection and Hyaluronic Acid Sodium. In terms of application, the study covers beauty industry and therapy. It has been also clearly stated in the study that due to the development of medical technology level, more and more companies participate in this industry. The use in beauty industry will be on the rise, finds the study.
At last, the study offers useful date related to prominent market players including Corneal (Allergan), IMEIK, Bohus BioTech, Galdermal (Q-Med), Bloomage Freda and LG Life Science.
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