This news update regarding the global hyaluronic acid market is brought to you by Special Chem.
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.
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