Infinium Global Research Hyaluronic Acid Market | Page 8

Hyaluronic Acid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to
2023
The market size of hyaluronic acid is determined based on the top down approach. The
market size is validated using primary interview with the participants working in some of
the leading players in the hyaluronic acid market.The primary interview participants
typically includes managers and CXO level executives of theleading players in this market.
The primary interviews not only help identify the market size of the hyaluronic acid market
but also identify the factors that promote the growth in the market and the factors that
restrain the growth in this market. The views of primary respondents were reconciled to
provide qualitative analysis of the hyaluronic acid market. The primary respondents also
help identifying top 5-10 players and their possible market share in the respective country
markets and in world market. The bottom-up approach is used to validate the global
market size of hyaluronic acid. With the help of primary interviews and secondary research
the market size of hyaluronic acidis determined for each country studied, which then is
added to arrive at regional market size and thereby obtaining global market size. This in
turn helps us to validate the market size of hyaluronic acid in the world market.
Executive Summary
Global Hyaluronic Acid Market Highlights, (USD Million)
The global hyaluronic acid market is expected to grow at a CAGR of 9.4 % between 2017
and 2023 in terms of value.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 of other cost effective treatment
options. Introduction of newer technologies into the market and large number of product
approvals witnessing the huge market growth.
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