Global hyaluronic acid market is expected to reach USD 10.80 billion by 2020, according to a new study by Grand View Research, Inc. Growing incidence rates of gingivitis, ulcers, osteoarthritis and geriatric population base is expected to serve this market as high impact rendering drivers. Hyaluronic acid’s novel applicability in the fields of tissue engineering and regenerative medicine is expected to present the market with lucrative future growth opportunities.Five-injection was the leading product segment, accounting for over 35.0% of the market in 2013. High usage rates associated with this treatment is one of the primary factors attributing to its large share. However, the market is expected to experience a growth in demand for low risk and cost effective treatments. Consequently, the single-injection cycle is expected to grow at an attractive rate over the next six years. The segment, on account of its advantages offers enhanced patient convenience and is therefore, expected to witness improved compliance.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/hyaluronic-acid-market
Further key findings from the study suggest:
- Dermal fillers were the largest application segment and its market was valued at over USD 2.0 billion in 2013. Recent improvements in the field of anti-aging and high compatibility of hyaluronic acid with the human body are some factors expected to drive segment growth during the forecast period.
- North America was the largest regional market in 2013 majorly on account of growing incidence rates of target diseases, geriatric population base and the presence of high patient awareness levels pertaining to anti-aging procedures.
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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