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Sodium Hyaluronate-based Products Market Trends

  • Report ID: GMI8374
  • Published Date: Mar 2024
  • Report Format: PDF

Sodium Hyaluronate-based Products Market Trends

The market is experiencing several notable trends that are shaping its growth and development. Factors such as continuous innovations in delivery systems, rise in demand for natural and organic products, growing focus on customization and personalization of skincare solutions, and expansion of medical and therapeutic applications, among other factors are propelling the industry growth.
 

  • Further, there is a growing preference among consumers for natural and organic skincare products, including those containing sodium hyaluronate. As awareness of ingredient safety and environmental sustainability increases, manufacturers are responding by formulating products with clean, plant-based, and ethically sourced ingredients.
     
  • Moreover, technological innovations are driving the development of novel drug delivery systems for sodium hyaluronate-based products. Nanotechnology, microencapsulation, and liposomal delivery systems enhance the bioavailability and efficacy of hyaluronic acid formulations, allowing for deeper penetration into the skin and prolonged release of active ingredients.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global sodium hyaluronate-based products industry size was valued at USD 11.3 billion in 2023 and is estimated to reach over USD 22.7 billion by 2032, attributed to various factors, including the ongoing advancements in formulation technologies, and rising demand for anti-aging products.

Injectable sodium hyaluronate-based products industry garnered USD 9.7 billion in revenue in 2023 and is set to grow rapidly by 2032, owing to their convenience, safety, and relatively low risk.

North America sodium hyaluronate-based products industry size was USD 4.5 billion in 2023 and is predicted to witness substantial growth till 2032 driven by the thriving skincare & cosmetic sector, characterized by product innovation, technological advancements, and consumer-driven trends.

ASHLAND INC., Allergan, Inc., Anika Therapeutics, Inc, Bohus BioTech AB, Cadila Pharmaceuticals, Ferring B.V., Fidia Farmaceutici S.p.A., GALDERMA, LG Chem, Ltd., Syner-Med (Pharmaceutical Products) Ltd. are some of the major industry contenders.

Sodium Hyaluronate-based Products Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 261
  • Countries covered: 22
  • Pages: 110
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