Global Hyaluronic Acid Market- Sanofi, Genzyme Corporation, Hoffmann-La Roche Ltd.

Global Hyaluronic Acid Market was valued at around USD 6.7 billion in 2015 and is expected to reach USD 12.1 billion by 2022, growing at a CAGR of around 8.9% during the forecast period of 2016 to 2022.

Pune, India - July 6, 2017 /MarketersMedia/ —

Introduction:
Hyaluronic acid, also called hyaluronan, is an anionic, nonsulfated glycosaminoglycan distributed widely throughout connective, epithelial, and neural tissues. Its function in the body is to bind water and to lubricate movable parts of the body, such as joints and muscles.

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The market for global hyaluronic acid was valued at around USD 6.7 billion in 2015 and is expected to reach USD 12.1 billion by 2022, growing at a CAGR of around 8.9% during the forecast period of 2016 to 2022. Hyaluronic acid, also called hyaluronan, is an anionic, nonsulfated glycosaminoglycan distributed widely throughout connective, epithelial, and neural tissues. Its function in the body is to bind water and to lubricate movable parts of the body, such as joints and muscles. Its consistency and tissue-friendliness allows it to be beneficial in skin-care products as an excellent moisturizer. Because it is one of the most hydrophilic molecules in nature with numerous benefits for the human body it can be described as nature’s moisturizer.

Geographically, North America is the leading contributor to the market and is expected to retain its position during the forecast period due to the presence of large number of geriatric population and the population who are more conscious about aging. However, Asia-Pacific market is expected to grow at a faster rate during the forecast period. This is predominantly due to increased healthcare awareness, improved economic growth, and growing awareness among the population about the aesthetics.

The companies covered in the Global Hyaluronic Acid Market report:
1) Allergan Inc
2) Sanofi
3) Genzyme Corporation
4) Hoffmann-La Roche Ltd.
5) Zimmer Biomet
6) Smith & Nephew plc
7) Ferring Pharmaceuticals Inc.
8) Anika Therapeutics Inc.
9) Seikagaku
10) Salix Pharmaceuticals

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Source: MarketersMedia

Release ID: 214946