Asia-Pacific Hyluranic Acid Market Analysis, 2024-2030

Hyaluronic acid is a substance that is naturally present in the human body. It can also be synthetically prepared to be taken as supplements and treatments. It can be taken orally or injected. The hyaluronic acid that is used as medicine is extracted from rooster combs or made by bacteria in the laboratory. People take hyaluronic acid for various joint disorders, and some people apply hyaluronic acid to the skin for healing wounds, burns, and also use as a moisturizer. Sodium hyaluronate is derived from hyaluronic acid but is more easily absorbed than hyaluronic acid.

The report on Asia-Pacific hyaluronic acid market presents the crux of over 250 hours of synergized efforts of analysts, industry experts, and academician to assess the present market scenario. The findings are substantiated by a thorough analysis of the hyaluronic acid industry value chain coupled with exhaustive secondary and primary research.

As per the report, Asia-Pacific hyaluronic acid market size was around USD X.XX Billion in 2017. It is expected to grow at a CAGR of X % to reach X.XX Billion by 2023. It can be noted that the growth of hyaluronic acid market comes from the increasing demand for cosmetics and anti-aging products. Hyaluronic acid is an active ingredient in all cosmetics and anti-aging products. It is because of this reason, the market for hyaluronic acids is growing rapidly. People also use this to better their physical appearances, and surging cases of obesity have enhanced the demand for painkillers that treat joint pains which have directly given a boost to the industry. Awareness and the need to look good has paved the way for the market success rates. But, foreign body reactions might occur in some cases when hyaluronic acid products are used in cosmetic surgeries which is one of the major hindering factors in the market.

Some of the key players in the market are Shandong Dongcheng, Focus Chem, Yibao Group, Nippon Zoki, Allergan, Ferring B.V, Summit Nutritionals, Fidia Farmaceutici, Salix Pharmaceutical and Anika Therapeutics.

Our Approach

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

Hence, the hyaluronic market has been categorized on the basis of application and grade. With the application, dermal fillers, osteoarthritis, ophthalmic and vesicoureteral reflux are the segregations, and as per the grade, it has been divided into food grade and pharmaceutical grade. Also, on product type, the market is split into single cycle injection products, three cycle injection projects, and five cycle injection products. The three cycle injection products and dermal fillers and osteoarthritis segment have occupied the major share in the market and is expected to retain its position during the next few years.

By geography, the market is segmented into countries like China, Japan, India, South Korea, Australia, and others. The market in this region is expected to grow positively because the average age of the population is quite high. The stabilized economies of these countries is also a key growth factor. Different grades of hyaluronic acid were studied for different applications in different countries within Asia-Pacific region. Findings were later integrated for a consolidated report.

Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations (Fig1). This allowed a 3600 view of the industry dynamic.

Figure 1 Primary research breakdown

Contents of the report:

• Insight on the current industry dynamics
• Estimation of the current market size in terms of value and volume
• Market breakup based on types, application and geography
• Substantiated market forecasting for the next five years
• Detailed analysis of the key companies operating across different nodes of hyaluronic acid industry value chain

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