The report on Hyaluronic Acid Market by type (single, three, five injections), application (osteoarthritis,
ophthalmic, dermal fillers, vesicoureteral reflux) trends analysis and forecasts up to 2023 studies the market
sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest
of the World. According to the report the Global Hyaluronic Acid Market is projected to grow at a CAGR of
9.4% in terms of value over the period of 2017-2023. The growth in the world market is primarily driven by
significant contribution by North America (Leading region) region to this market.
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Hyaluronic acid, also called hyaluronan, is an anionic, nonsulfated glycosaminoglycan distributed widely
throughout connective, epithelial, and neural tissues. Its function in the body is to bind water and to lubricate
movable parts of the body, such as joints and muscles. Its consistency and tissue-friendliness allows it to be
beneficial in skin-care products as an excellent moisturizer. Because it is one of the most hydrophilic molecules
in nature with numerous benefits for the human body it can be described as nature’s moisturizer. Hyaluronic
acid helps to maintain normal joint cushioning. With these advantages, hyaluronic acid exhibits a wide range
of applications in ophthalmology, dermatology, rheumatology, orthopedic surgery, otolaryngology, plastic
surgery, drug delivery, and wound healing.
Market Insights
Rise in base of geriatric population, increasing incidence rates of osteoarthritis, ulcers and gingivitis, and rising
demand for cosmetic procedures related to anti-aging process are some of the factors which are expected to
expand the market significantly in the coming years. In addition, growing patient’s preference for minimally
invasive surgical procedures, favorable reimbursement policies, and increasing awareness about health and
beauty standards among the population are further driving this market in the coming years. Along with these
factors, there are certain restraining factors that could hinder the market in future, which include availability
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