North America Hyaluronic Acid Market, By Grade (Cosmetic Grade and Pharmaceutical Grade), Type (Hydrolyzed Hyaluronic Acid, Sodium Acetylated Hyaluronic Acid, and Sodium Hyaluronate), Application (Aesthetics, Osteoarthritis, Pharmaceutical API, Cosmetics, Ophthalmology, and Others), End User (Medical Spas and Beauty Centers, Dermatology Clinics, and Cosmetic Surgery Centers), Distribution Channel (Direct Tender and Retail Sales) Industry Trends and Forecast to 2030.
North America Hyaluronic Acid Market Analysis and Insights
Hyaluronic acid is used primarily in beauty and skin care products. It provides speedy recovery to wounds, reduces face lines, wrinkles, and skin aging, and heals cuts and burns among others. It contains vitamin C for brightening skin tone. Beauty products containing hyaluronic acid give nourishment to the skin when applied in the form of moisturizers, creams, skin toners, and serums among others.
Data Bridge Market Research analyzes that the market is growing with a CAGR of 9.0% in the forecast period of 2023 to 2030 and is expected to reach USD 7,960.24 million by 2030 from USD 3,986.54 million in 2022.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020-2016)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Grade (Cosmetic Grade and Pharmaceutical Grade), Type (Hydrolyzed Hyaluronic Acid, Sodium Acetylated Hyaluronic Acid, and Sodium Hyaluronate), Application (Aesthetics, Osteoarthritis, Pharmaceutical API, Cosmetics, Ophthalmology, and Others), End User (Medical Spas and Beauty Centers, Dermatology Clinics, and Cosmetic Surgery Centers), Distribution Channel (Direct Tender and Retail Sales).
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Countries Covered
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U.S., Canada, and Mexico.
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Market Players Covered
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Fidia Farmaceutici S.p.A., AbbVie., Bloomage Biotechnology Co., Ltd., GALDERMA, LG Chem, Anika Therapeutics, Inc., Abbott, VIRCHOW BIOTECH, Kewpie Corporation, Merz North America, Inc., LABORATOIRES FILLMED, Prollenium Medical Technologies., Huons, Contipro a.s., Lifecore Biomedical, Inc., BioScience GmbH, Teoxane, Bioxis Pharmaceuticals, SHANDONG TOPSCIENCE BIOTECH CO., LTD., Bohus BioTech AB, RIVER PHARMA s.r.l., Symatese, Stanford Chemicals owned by Oceania International LLC, Bioiberica S.A.U., GENESIS pharmacy services, and Brickell Men's Products among others
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Market Definition
Hyaluronic Acid (HA) also called hyaluronan, is an anionic, non-sulfated glycosaminoglycan distributed widely throughout connective, epithelial, and neural tissues. An essential component of articular cartilage, hyaluronic acid surrounds each cell in the cartilage like a coat (chondrocyte). The robustness of cartilage is due to these aggregates' ingestion of water (its resistance to compression). The molecular weight (size) of hyaluronan in cartilage decreases with age, but the amount increases. The human body naturally contains HA. The largest quantities of HA are seen in the joints and eyes. The chemical has the capacity to maintain luscious, moisturized skin. As a result, it is used by many cosmetic surgeons as an injectable to delay the signs of aging on the skin.
The increasing prevalence of minimally invasive procedures and rising awareness and demand for hyaluronic acid in pharmaceutical and cosmetic products across the globe are major driving factors for market growth in the forecast period. The dramatic rise in the quality of research coupled with increasing research opportunities is because of various strategic initiatives taken by the market players. They are taking initiatives such as product launches, collaborations, mergers, acquisitions, and many more over the years and are expected to lead and create more opportunities in the market.
North America Hyaluronic Acid Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
DRIVERS
- Increasing Awareness Towards Cosmetic Injectables or Dermal Fillers
Hyaluronic acid-based dermal fillers are the less invasive cosmetic processes. Dermatology problems are common across the globe. It has become a major concern to understand the products to treat skin-related problems and restore skin wrinkles. Various programs have been launched to create awareness about the proper use of hyaluronic acid injectables.
The increased consciousness will enable the consumers to opt for the correct treatment of acne and wrinkles and to select the right product (Botox injection, dermal fillers) as per the correct cause. This will lead to a rise in sales, a rise in the product portfolio, and an expansion of the product line. This factor is expected to propel the market growth.
- Use of Invasive Hyaluronic Acid Based Dermal Fillers
Hyaluronic acid-based dermal fillers are less invasive cosmetic processes, which are promptly increasing across the globe. These are popular cosmetic procedures for facial renovation, face volume restoration, and aesthetic improvement.
They are quite versatile and they are used on fine lines and wrinkles. In addition, these are also used for treating acne, wrinkles, and scars and for lip, cheek, and chin augmentation. The rise in the geriatric population has uplifted the necessity of non-invasive surgical protocols.
The implementation of hyaluronic acid-based dermal fillers will reduce the chances to opt for normal surgery. There is a minimum cost of treatment and this factor will boost the market growth.
RESTRAINTS
- Availability of Unauthorized or Alternative Dermal Fillers to Hamper Market
With the widespread accessibility of the aesthetic application of Hyaluronic acid-based dermal fillers, several limiting factors of these products are projected to hamper the North America market growth in the coming years.
Due to the high efficacy rate, patient satisfaction, and usage in dynamic wrinkles, botulinum toxin type, a dermal filler, is leading the non-surgical cosmetic procedure worldwide.
Furthermore, other biodegradable fillers, such as Calcium Hydroxyapatite (CaHA) and Poly-L-Latic acid are gaining popularity as alternative fillers used as implants with high longevity.
The reluctance among physicians has been observed to use low-cost illegal products, due to the risks involved in it. Conversely, the illegal products being available in the dermal filler segment will increase the competition in price, especially in the hyaluronic acid segment. Larger companies that provide high prices per unit have the ability to compete by offering multiple product bundles and selling products among various product divisions.
To compensate for fewer prices in hyaluronic acid dermal fillers, the particle and polymer manufacturers will have to promote the products. The products available in the segment vary. The manufacturers will focus more on the material strength used in dermal fillers, rather than on the cost price.
OPPORTUNITIES
- New Technology and Developments in Hyaluronic Acid Products
Advanced innovative technologies have improved aesthetic treatment for skin and other body parts wherever necessary and the skincare industry is one of the most rapidly changing ones. Homegrown brands with actives, ingredient-based skincare, and the beauty space are witnessing the rise of investment, and the consumer is keenly involved. The advanced innovative technology and developments of hyaluronic acid-based products boost the demand for hyaluronic acid in the market.
Hyaluronic dermal products are based on hyaluronic acid that corrects facial imperfections, compensates for volume, and emphasizes certain areas of the face. Advancement in dermal products offers an effective way to enhance, restore, and define facial features. Advancement in hyaluronic acid-based products and procedure of dermal fillers attracts customers toward cosmetics. Thus, it signifies that technological advancement in hyaluronic dermal products is expected to act as an opportunity for market growth.
CHALLENGES
- Escalating Product Recall
The recall of Hyaluronic acid-based products has greatly impacted the market growth. Regulatory authorities recall aesthetic and cosmetic products due to health and safety issues. Every country has its own regulatory authority which is responsible for monitoring the regulation of healthcare-related products.
Product recall by the companies or by the regulatory authorities for patient health safety concerns such as the inaccuracy of content or ingredient error are a few of the major concerns that act as a challenge to market growth as the patient’s safety and health are the most important criteria for any market introducing their products in the market.
Recent Developments
- In February 2022, Allergan (a subsidiary of AbbVie Inc.) announced the FDA approval of JUVÉDERM VOLBELLA XC for the improvement of infraorbital hollows in adults aged above 21. This helped the company to expand its product portfolio of aesthetics in the U.S. market.
- In February 2021, Contipro, a renowned hyaluronic acid manufacturer based in the Czech Republic, announced the launch of its new anti-aging and anti-acne treatment product called HyRetin, which improves the visibility of the skin.
North America Hyaluronic Acid Market Scope
North America hyaluronic acid market is segmented into five notable segments based on grade, type, application, end user, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Grade
- Cosmetic Grade
- Pharmaceutical Grade
Based on grade, the market is segmented into cosmetic grade and pharmaceutical grade.
Type
- Hydrolyzed Hyaluronic Acid
- Sodium Acetylated Hyaluronic Acid
- Sodium Hyaluronate
Based on type, the market is segmented into hydrolyzed hyaluronic acid, sodium acetylated hyaluronic acid, and sodium hyaluronate.
Application
- Aesthetics
- Osteoarthritis
- Pharmaceutical API
- Cosmetics
- Ophthalmology
- Others
Based on application, the market is segmented into aesthetics, osteoarthritis, pharmaceutical API, cosmetics, ophthalmology, and others.
End User
- Pharmaceutical Industry
- Dermatology Clinics
- Cosmetic Surgery Centers
- Others
Based on end user, the market is segmented into pharmaceutical industry, dermatology clinics, cosmetic surgery centers, and others.
Distribution Channel
- Direct Tender
- Retail Sales
Based on distribution channel, the market is segmented into direct tender and retail sales.
North America Hyaluronic Acid Market Regional Analysis/Insights
The North America hyaluronic acid market is analyzed, and market size insights and trends are provided by country, grade, type, application, end user, and distribution channel as referenced above.
The countries covered in this market report are the U.S., Canada, and Mexico.
- In 2023, the U.S. is dominating the North America hyaluronic acid market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to increasing awareness towards cosmetic injectables or dermal fillers in the region.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of North America brands and their challenges faced due to competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Hyaluronic Acid Market Share Analysis
The North America hyaluronic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the North America hyaluronic acid market are Fidia Farmaceutici S.p.A., AbbVie., Bloomage Biotechnology Co., Ltd., GALDERMA, LG Chem, Anika Therapeutics, Inc., Abbott, VIRCHOW BIOTECH, Kewpie Corporation, Merz North America, Inc., LABORATOIRES FILLMED, Prollenium Medical Technologies., Huons, Contipro a.s., Lifecore Biomedical, Inc., BioScience GmbH, Teoxane, Bioxis Pharmaceuticals, SHANDONG TOPSCIENCE BIOTECH CO., LTD., Bohus BioTech AB, RIVER PHARMA s.r.l., Symatese, Stanford Chemicals owned by Oceania International LLC, Bioiberica S.A.U., GENESIS pharmacy services, and Brickell Men's Products among others.
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