How increasing the obesity rate helps in the growth of the global hyaluronic acid market

 Hyaluronic acid is a naturally produced substance by our body that provides lubrication between the connective tissues and bones of the body. It is also useful in keeping the skin hydrated. The hyaluronic acid market is anticipated to grow at a promising rate owing to a shift in the normal eating habits of the consumer which has resulted in the decline of natural hyaluronic acid produced by the body. Therefore, consumption of hyaluronic-based supplements has increased. Further, the mounting geriatric population and surge in the number of obese people lead to the rising prevalence of orthopaedic diseases. Thereby, the demand for hyaluronic acid increases.

The outbreak of the COVID-19 pandemic has affected the overall healthcare industry. Strict restriction on the movement of people has directly affected the market by increasing the gap between demand and supply of the market. However, as the lockdown is uplifted and the market is ready to resume, the hyaluronic acid companies are increasing their R&D activities and expenditures to enhance their product portfolio. Thus, the market is expected to grow substantially during the forecast period.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Based on Application, the Osteoarthritis segment has dominated the global hyaluronic acid market in 2019 owing to the burgeoning aging population that is more vulnerable to joint pain and severe bone-related conditions and rise in the incidence rate of obesity leading to cause degenerative joint disorder due to deficiency of hyaluronic acid in the body. This, increases the demand for hyaluronic acid, further, driving the growth of the market.

Based on Grades, Cosmetic grade has acquired the largest market share in the Global Hyaluronic Acid Market in 2019. The growth of this segment is due to the shift towards the modern lifestyle which has increased the stress level of the consumer leading to cause various skin-related problems such as acne, wrinkles, etc. thereby, increasing the usage rate of cosmetics based hyaluronic acid.

The major leading players in the Global Hyaluronic Acid Market are Allergan Plc, Anika Therapeutics Inc, Sanofi, Fidia Farmaceutici, Seikagaku Corporation, Ferring Pharmaceuticals, Contipro Corporation, Kewpie Corporation