Innovations are fuelling process and product development in the global hyaluronic acid products market
There is ample opportunity for both incumbents and new entrants in hyaluronic acid products market as there is a continuous search for more comfortable, advanced, and efficient products. Product safety and efficacy are the key concerns that need to be addressed in hyaluronic acid products market. Hyaluronic acid products have common side-effects such as skin inflammation, reddening, pain, and itching that often remain for extended periods of time. Therefore, process innovation in product formation or manufacturing of new dosage that increases patient convenience is critical in hyaluronic acid products market. Developing the product manufacturing process and making it cost-efficient with greater efficacy would naturally attract more customers to opt for hyaluronic acid treatments.
Combination products are a notable trend to tap into in the global hyaluronic acid products market
The hyaluronic acid products market is quite mature in developed regions such as Europe where patients have the awareness of such treatments and are able to afford them as well. There is a saturation of hyaluronic acid products in hyaluronic acid products market with changes in the molecular weight. A recent trend witnessed is that of combination products and the pipelines of key stakeholders in hyaluronic acid products market have a combo of corticosteroid and hyaluronic acid based injections. This game-changing concoction provides the pain relieving effect of corticosteroids with the long-lasting influence of hyaluronic acids that can sometimes last for half a year. The three-cycle injection product segment is the largest in the Western Europe hyaluronic acid products market and is expected to cross US$ 430 million by end 2027.
Next-gen injections are on the anvil in the global hyaluronic acid products market
Intra-articular hyaluronic acid or IAHA injection manufacturers are investing heavily in R&D and trying to strengthen their competitive position in the IAHA market with a combination of hyaluronic acid products. On account of its excellent physiochemical properties, it is very easy to merge hyaluronic acid products with other pharmaceuticals such as corticosteroids. For e.g. – Anika’s product CINGAL is considered a viscoelastic supplement for synovial fluid in human joints and a third-gen viscosupplementation product. However, this product is not yet approved for use by US regulatory authorities. Companies in the North America hyaluronic acid products market would be advised to focus their attention on the three cycle injection products segment as it is anticipated to grow with the highest CAGR of 8.1% from 2017 to 2027.
High costs can stifle prospects of the hyaluronic acid products market in price-sensitive emerging economies
Products in hyaluronic acid products market are highly efficient but a majority of patients are unable to afford them because of their high cost. Single-injection and three-injection cycles in particular are premium priced products making it challenging for them to appeal to customers in emerging markets with a limited disposable income. The high price is usually because of the difficulties in manufacturing hyaluronic acid. Another constraint is the numerous side-effects witnessed after undergoing hyaluronic acid treatment.
Alternative treatments inhibit unencumbered growth of the hyaluronic acid products market
Alternative treatments have become popular in recent times. In the case of osteoporosis, over-the-counter medication or even COX-2 inhibitors can be provided if the pain is unbearable. Physical therapies and steroid injection deliver temporary pain relief and decrease inflammation. Sometimes arthroscopic surgery, joint replacement, or osteotomy are recommended for osteoporosis.
Cohesive report structure that flows in a logical format
Hyaluronic acid is a glycosaminoglycan widely distributed throughout neural, epithelial, and connective tissue. The report titled ‘Hyaluronic Acid Products Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’ sheds light on the different factors poised to impact growth of the hyaluronic acid products market during the course of the forecast period. The report begins with a succinct yet comprehensive executive summary for a first-glance that encapsulates the market overview, analysis, and recommendations. An introduction to the global hyaluronic acid products market that consists of the definition and taxonomy follows. An in-depth assessment of the macroeconomic factors such as regulations, opportunity analysis, revenue growth, and the global value chain is par for the course. The historical analysis of the hyaluronic acid products market for the period 2012- 2026 is compared and contrasted with the decadal forecast to present a complete picture of the present and future prospects in the hyaluronic acid products market.
The successive chapters highlight the value forecast of the hyaluronic acid products market across the studied regions. The crucial market dynamics along with an impact analysis of the drivers and restraints that influence the hyaluronic acid products market are provided herein. A forecast of the hyaluronic acid products market for the various market segments and sub-segments for the regions is mentioned. The regional sections conclude with a market attractiveness index along with their relevance and impact on the overall hyaluronic acid products market.
Hyaluronic Acid Products Market: Taxonomy
A crucial chapter of the hyaluronic acid products market report focuses on the competitive landscape. The section touches on the market structure, competition intensity map on the basis of the taxonomy, and an exhaustive competition dashboard featuring prominent companies actively involved in the hyaluronic acid products market. The leading companies have been profiled with information on their product portfolio, business strategies, recent developments, and financials. Another section of the hyaluronic acid products market report delivers a revenue forecast for market segments within specific regions. The informative report ends with a brief dive into the research methodology adopted to arrive at accurate estimations of the hyaluronic acid products market with an index of assumptions and acronyms used throughout the report.
Flowchart of the research methodology
Future Market Insights has devised a robust research methodology that can be considered an industry benchmark. The research methodology is highly systematic, multi-pronged in its approach, and includes both primary as well as secondary research to determine leading products, players, market size, applications, distributors, industry connotations, and others. The data extracted from primary and secondary research undergoes several layers of validation and cross-verification. The team of experts have many years of experience in diverse domains and their recommendations can be very useful indeed. The primary and secondary data is combined with analyst opinions’ via a triangulation method to deliver an unbiased report on the hyaluronic acid products market. To ensure fool-proof accuracy, information is only gathered from authoritative sources such as industry publications, government websites, trade journals, company statements, and press releases. Lastly, the data is thoroughly scrutinized with the help of advanced company tools to glean all the qualitative and quantitative insights of the hyaluronic acid products market.