Hyaluronic Acid Raw Material Market Size to Grow by USD 2.87 billion, Need For Safe and Stable Drugs that Require Minimal Monitoring to Boost Market Growth - Technavio

PR Newswire
Monday, September 26, 2022 at 6:30am UTC

Hyaluronic Acid Raw Material Market Size to Grow by USD 2.87 billion, Need For Safe and Stable Drugs that Require Minimal Monitoring to Boost Market Growth - Technavio

PR Newswire

NEW YORK, Sept. 26, 2022 /PRNewswire/ -- The "Hyaluronic Acid Raw Material Market by Application (Dermatology, Orthopedics, Surgical Adhesion Prevention, and Others) and Geography (North America, APAC, Europe, Middle East and Africa, and South America) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the hyaluronic acid raw material market size between 2021 and 2026 is USD 2.87 billion. To get the exact CAGR and the Y-O-Y growth rate, Request a FREE PDF Sample Report

Market Segmentation

By application, the dermatology segment will be the largest contributor to market growth during the forecast period. The rise in demand for HA-based dermatology drugs is driving the demand for HA raw materials. Therefore, the growth of the dermatology segment will support the growth of the HA raw material market during the forecast period.

View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report.

Vendor Landscape

The hyaluronic acid raw material market is fragmented. Vendors are deploying organic and inorganic growth strategies to compete in the market. The market is expected to grow rapidly during the forecast period. Factors such as water-binding ability, viscoelastic properties, non-immunogenicity, biocompatibility, and preference by patients are fueling the demand for HA, which, in turn, will drive the growth of the global HA raw material market. The high incidence and prevalence of skin diseases and joint diseases are also driving the demand for HA drugs. Due to the expiry of the patents on most available drugs, generic drugs have become dominant, which leads to an erosion of market value. Biologics are more effective, with fewer side effects. Hence, they can be a game changer for the market. These factors have increased the application of HA in the pharmaceutical industry, which, in turn, has increased the demand for HA raw materials.

Market Driver

The need for safe and stable drugs that require minimal monitoring is driving the growth of the market. There is a significant need for stable and safe drugs that require minimal monitoring. Most available dermatological drugs need to be used repeatedly and for a long time. Moreover, the stability of most dermatological drugs varies depending on the climate. Hence, there is a requirement for drugs that exhibit sufficient physical, chemical, and microbial stability in varied climatic conditions. Thus, an increase in the demand for HA-based dermatological drugs will drive the demand for HA raw materials.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

Some Companies Mentioned    
    • AbbVie Inc.
    • Alcon Inc.
    • Anika Therapeutics Inc.
    • Bausch Health Co. Inc.
    • Contipro AS
    • Ferring BV
    • Fidia Farmaceutici Spa
    • Galderma SA
    • Landec Corp.
    • LG Chem Ltd.
    • Maruha Nichiro Corp.
    • Merz Pharma GmbH and Co. KGaA
    • Sanofi
    • Seikagaku Corp.
    • Shiseido Co. Ltd.
    • Smith and Nephew plc
    • Stanford Chemicals Co.
    • Zimmer Biomet Holdings Inc.

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Hyaluronic Acid Raw Material Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 6.2%

Market growth 2022-2026

USD 2.87 billion

Market structure

Fragmented

YoY growth (%)

7.02

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 36%

Key consumer countries

US, China, France, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AbbVie Inc., Alcon Inc., Anika Therapeutics Inc., Bausch Health Co. Inc., Contipro AS, Ferring BV, Fidia Farmaceutici Spa, Galderma SA, Landec Corp., LG Chem Ltd., Maruha Nichiro Corp., Merz Pharma GmbH and Co. KGaA, Sanofi, Seikagaku Corp., Shiseido Co. Ltd., Smith and Nephew plc, Stanford Chemicals Co., and Zimmer Biomet Holdings Inc.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Materials Market Reports

Key Topics Covered

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments 
    • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
  • 5.2 Comparison by Application 
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Dermatology - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Dermatology - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Dermatology - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Dermatology - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Dermatology - Year-over-year growth 2021-2026 (%)
  • 5.4 Orthopedics - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Orthopedics - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Orthopedics - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Orthopedics - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Orthopedics - Year-over-year growth 2021-2026 (%)
  • 5.5 Surgical adhesion prevention - Market size and forecast 2021-2026 
    • Exhibit 36: Chart on Surgical adhesion prevention - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Surgical adhesion prevention - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Surgical adhesion prevention - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Surgical adhesion prevention - Year-over-year growth 2021-2026 (%)
  • 5.6 Others - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by Application 
    • Exhibit 44: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 48: Chart on Geographic comparison
    • Exhibit 49: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 APAC - Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 France - Market size and forecast 2021-2026
    • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 7.11 UK - Market size and forecast 2021-2026
    • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.12 Germany - Market size and forecast 2021-2026
    • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 93: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 94: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 95: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 96: Matrix on vendor position and classification
  • 10.3 AbbVie Inc. 
    • Exhibit 97: AbbVie Inc. - Overview
    • Exhibit 98: AbbVie Inc. - Product / Service
    • Exhibit 99: AbbVie Inc. - Key offerings
  • 10.4 Alcon Inc. 
    • Exhibit 100: Alcon Inc. - Overview
    • Exhibit 101: Alcon Inc. - Business segments
    • Exhibit 102: Alcon Inc. - Key offerings
    • Exhibit 103: Alcon Inc. - Segment focus
  • 10.5 Anika Therapeutics Inc. 
    • Exhibit 104: Anika Therapeutics Inc. - Overview
    • Exhibit 105: Anika Therapeutics Inc. - Product / Service
    • Exhibit 106: Anika Therapeutics Inc. - Key offerings
  • 10.6 Bausch Health Co. Inc. 
    • Exhibit 107: Bausch Health Co. Inc. - Overview
    • Exhibit 108: Bausch Health Co. Inc. - Business segments
    • Exhibit 109: Bausch Health Co. Inc. - Key news
    • Exhibit 110: Bausch Health Co. Inc. - Key offerings
    • Exhibit 111: Bausch Health Co. Inc. - Segment focus
  • 10.7 Ferring BV 
    • Exhibit 112: Ferring BV - Overview
    • Exhibit 113: Ferring BV - Product / Service
    • Exhibit 114: Ferring BV - Key offerings
  • 10.8 Landec Corp. 
    • Exhibit 115: Landec Corp. - Overview
    • Exhibit 116: Landec Corp. - Business segments
    • Exhibit 117: Landec Corp. - Key offerings
    • Exhibit 118: Landec Corp. - Segment focus
  • 10.9 Maruha Nichiro Corp. 
    • Exhibit 119: Maruha Nichiro Corp. - Overview
    • Exhibit 120: Maruha Nichiro Corp. - Business segments
    • Exhibit 121: Maruha Nichiro Corp. - Key offerings
    • Exhibit 122: Maruha Nichiro Corp. - Segment focus
  • 10.10 Seikagaku Corp. 
    • Exhibit 123: Seikagaku Corp. - Overview
    • Exhibit 124: Seikagaku Corp. - Business segments
    • Exhibit 125: Seikagaku Corp. - Key offerings
    • Exhibit 126: Seikagaku Corp. - Segment focus
  • 10.11 Shiseido Co. Ltd. 
    • Exhibit 127: Shiseido Co. Ltd. - Overview
    • Exhibit 128: Shiseido Co. Ltd. - Product / Service
    • Exhibit 129: Shiseido Co. Ltd. - Key offerings
  • 10.12 Smith and Nephew plc 
    • Exhibit 130: Smith and Nephew plc - Overview
    • Exhibit 131: Smith and Nephew plc - Business segments
    • Exhibit 132: Smith and Nephew plc - Key news
    • Exhibit 133: Smith and Nephew plc - Key offerings
    • Exhibit 134: Smith and Nephew plc - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 135: Inclusions checklist
    • Exhibit 136: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 137: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 138: Research methodology
    • Exhibit 139: Validation techniques employed for market sizing
    • Exhibit 140: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 141: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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