Hyaluronic Acid Raw Material Market Size, Share, Trends | 2022 - 27

 

Market Overview:

A CAGR of 6.5% is anticipated for the market for raw hyaluronic acid during the forecast period (2022–2027).

Due to lockdown restrictions imposed by various governments around the world, the COVID-19 pandemic had an effect on the hyaluronic acid market by reducing visits to hospitals and ambulatory surgical centres. These limitations caused the hospitals to stop performing non-emergency procedures, which had an effect on the patient’s life. For instance, a study by Enrico Ragni et al., published in the Clinical Pharmacology and Therapeutics Journal in May 2020, predicted that patients with osteoarthritis would face life-threatening risks in the event of SARS-CoV2 viral infection if they had coexisting disorders related to the condition.

Clinicians and orthopedists have been prompted by this to thoroughly examine and evaluate patients with osteoarthritis, not just for symptom management but also for comorbidities that may arise because osteoarthritis treatment was disrupted during the COVID-19 pandemic. As a result, during the pandemic, restrictions related to COVID and disrupted osteoarthritis treatment and services have had an impact on market growth. However, the resumption of services has increased consumer acceptance of cosmetic minimally invasive procedures like hyaluronic acid dermal fillers as well as the sale of hyaluronic acid-based cosmetic products like anti-aging creams and serum, which is likely to boost market growth over the course of the forecast period.

Scope of the Report:

According to the report’s purview, hyaluronic acid occurs naturally in the human body and is particularly abundant in the eyes and joints. It lubricates and cushions the joints and other tissues. A number of cosmetic and medical procedures use hyaluronic acid. The market for hyaluronic acid raw materials is divided into segments based on geography, end user (hospitals, cosmetic clinics, and others), and application (orthopaedics, ophthalmology, drug delivery, dermatology, and others) (North America, Europe, Asia-Pacific, Middle-East, and Africa, and South America). The market report also includes projected market sizes and trends for 17 different nations in the world’s major geographical regions. The report provides the value for the aforementioned segments (in USD million).

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