Market Segmentation:
Global Hyaluronic Acid Market has been segmented based on Application and Region.
By Application, Global Hyaluronic Acid Market has been classified into cosmetics, ophthalmology, orthopedic products, dietary supplements, pharmaceuticals, and others.
Market Players:
Hoffmann-La Roche Ltd (Switzerland), Seikagaku Corporation (Japan), BASF SE (Germany), SpecialChem (France), Evonik Industries AG (Germany), Merck KGaA (US), American Chemical Society (US), ABIOGEN PHARMA S.p.A.(Italy), Galderma S.A. (Switzerland), Genzyme Corporation (US), Ferring B.V. (Netherlands), Smith & Nephew (UK), Alfa Sagittarius (Poland), Shiseido Company (Japan), and Kikkoman Corporation (Japan) are some of the prominent players operating at the forefront of Global Hyaluronic Acid Market.
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Regional Outlook:
Global Hyaluronic Acid Market has been analysed across five regions: Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the largest and the fastest growing market for Hyaluronic Acid in 2017, and it is expected to continue the dominance during the forecast period. The growth is attributed to the increasing orthopaedic patients, growing usage of painkiller for instant actions, and the effectivity of hyaluronic acid. In addition, the use of Hyaluronic Acid in skin products has resulted in delivering some effective skin care products, especially anti-aging products. Growing awareness among the people in this region regarding emerging skin-care products and its amazing results have boosted the growth of Hyaluronic Acid Market in this region. Furthermore, its use in ophthalmology products and dietary supplements are driving the growth of Hyaluronic Acid Market.
North America is projected to show strong growth during the review period, owing to the rapidly growing pharmaceutical industry in this region. In addition, the use of skin-care products is high in this region, and people are quite aware of the Hyaluronic Acid-based products due to its excellent performance on skin.
Europe is expected to show remarkable growth during the coming years, due to the increased use of pain killers for orthopaedic diseases in this region.
The Middle East & Africa Market is projected to show sluggish growth during the forecast period. The growth is attributed to the growing pharmaceutical industry in this region.
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