North America OTC Hyaluronic
Acid (HA) Market is
expected to reach a value of USD 41.3 billion by 2024, according to a new
report by Grand View Research, Inc. The increasing number of obese people owing
to the lack of physical activity and higher consumption of fast food &
alcohol, especially by the younger population are some of the factors
accounting for growth.
Orthopedic applications of HA are expected to emerge as the
most lucrative segment of this market.
This can be attributed to the growing
target audience above 60 years, suffering from various joint disorders such as
rheumatoid arthritis and osteoarthritis coupled with the introduction of new
products catering to this population subset. In addition, increase in the
number of arthritis-related hospitalization cases and growing awareness amongst
the healthcare professionals regarding excellent physiochemical properties of
hyaluronic acid is expected to drive the demand.
However, the dermatology
segment in the U.S. was the largest segment in 2015 accounting for almost 95.2%
of the total U.S. OTC hyaluronic acid market. The growing population of women
between 20 and 65 years of age and increasing awareness regarding the benefits
of HA are some of the crucial factors driving the surging demand for hyaluronic
acid in dermatological procedures.
Full Research Report on North America OTC Hyaluronic Acid
Market Analysis:
http://www.grandviewresearch.com/industry-analysis/north-america-otc-hyaluronic-acid-ha-market
http://www.grandviewresearch.com/industry-analysis/north-america-otc-hyaluronic-acid-ha-market
Hyaluronic acid (HA) stimulates the synthesis of a protein
that plays a crucial role in supporting skin structure and collagen, which
declines with age leading to wrinkle formation. The growing demand for HA as a
topical skin cream or serum coupled with the increasing presence of market
participants in this sector is indicative of future growth. The rising
awareness regarding the benefits of HA in skin care products for penetrating
the dermis more effectively as compared to collagen is also anticipated to
propel the market trend. According to various reports, approximately 27% of the
total U.S. women population belong to the age group of 45 to 65 years, which is
one of the crucial factors responsible for the surging demand for anti-wrinkle
creams.
Some of the key players are Shiseido Co., Ltd.; Lindberg
Nutrition & GeniusCentral Systems; Nature’s Way Products, LLC; NOW Foods;
NeoCell Corporation; Source Naturals, Inc.; Doctors Best; derma e; and Earth
Science Naturals
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research
has segmented the North America OTC hyaluronic acid market by product, sales
channels, and region:
North America OTC Hyaluronic Acid: Product Outlook
(Revenue in USD Million, 2013 - 2024)
- Dermatology
- Moisturizers
- Anti-Wrinkle
creme
- Orthopedic
North America OTC Hyaluronic Acid: Sales Channels Outlook
(Revenue in USD Million, 2013 - 2024)
- Online
Channels
- Retail
Chain
North America OTC Hyaluronic Acid: Regional Outlook
(Revenue in USD Million, 2013 - 2024)
- North
America
·
U.S.
§
California
§
Texas
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New York
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Florida
§
Illinois
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Others
·
Canada
Access Press Release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/north-america-otc-hyaluronic-acid-ha-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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