Future Market Insights (FMI) recently published a new research report on the global market for hyaluronic acid products, taking its past and present performance into consideration. The research report, titled “Hyaluronic Acid Products Market (Product Type – Single Cycle Injection Products, Three Cycle Injection Products, and Five Cycle Injection Products; Application – Osteoarthritis, Ophthalmic, Dermal Fillers, Vesicoureteral Reflux) – Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027,” states that the worldwide market for hyaluronic acid products is likely to attain a value of US$5 bn by the end of 2027.
According to the research report, the improving reimbursement scenario related to healthcare in emerging economies is boosting the global market for hyaluronic acid market significantly. The increasing base of the geriatric population, who are the most susceptible to various infections and diseases, is likely to propel this market remarkably in the years to come. Apart from this, the rising prevalence of osteoporosis and osteoarthritis is also expected to drive the growth of this market over the next few years, notes the study.
In this research report, the global market for hyaluronic acid products has been studied on the basis of the type of the product, application, and the geography. Based on the type of the product, the global market has been classified into single cycle injection, three cycle injection products, and five cycle injection products. The three-cycle injection segment has been leading the global hyaluronic acid products market, currently, and is expected to remain dominate throughout the period of the forecast. In terms of value, the three cycle injection segment is expected to reach US$2 bn by end of the period of the forecast, states the research report.
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By the application, the market has been classified into ophthalmic, osteoarthritis, dermal fillers, and vesicoureteral reflux in this study. Osteoarthritis, owing to its significant prevalence across the world, is expected to record the most prominent consumption of hyaluronic acid products among all the applications.
The report also offers a regional assessment of this market, where it segregate the market into Latin America, Eastern Europe, North America, Western Europe, Asia Pacific Excluding Japan, the Middle East and Africa, and Japan. Europe, among these, is the current leading regional market for hyaluronic acid products; however, it is in a phase of saturation, which, in turn, will slow down its progress over the coming years. North America is also registering a significant growth in the global market for hyaluronic acid products and is expected to rise steadily in the years to come, reports the research study.
Zimmer Biomet, Ferring Pharmaceuticals, Allergan plc, Seikagaku Corp., Galderma SA, Salix Pharmaceuticals Ltd., Fidia Farmaceutici s.p.a., Smith & Nephew, Anika Therapeutics Inc., Sanofi, and Shanghai Jingfeng Pharmaceutical Co. Ltd. are some of the prominent players in the global hyaluronic acid products market. With so many participants around, the global market looks highly fragmented and competitive. The key players are projected to focus on expanding their geographical presence to remain competitive in this market, states the research report.
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The global hyaluronic acid products market is segmented into:
• Single Cycle Injection Products
• Three Cycle Injection Products
• Five Cycle Injection Products
• Dermal Fillers
• Vesicoureteral Reflux
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Middle East and Africa
Mr. Abhishek Budholiya
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This release was published on openPR.