Hyaluronic acid is a crucial part of the human skin and has a beneficial effect on the durability of skin. It is also called hyaluronan or hyaluronate and is naturally present in connective, neural, and epithelial tissues. The production of hyaluronic acid slows down with aging, aiding the degradation of skin cells. The rising awareness about this natural process has led to high demand for hyaluronic acid products of various types. According to Transparency Market Research, the global hyaluronic acid products market is expected to rise to a valuation of US$9.8 bn by 2019.
Here are the primary driving factors propelling the global hyaluronic acid products market:
Increasing Demand for Anti-aging Products: The global population is keener than ever to maintain a youthful appearance, leading to steady demand for various skincare products. The rising usage of hyaluronic acid, due to its biocompatibility, has resulted in high demand from the global hyaluronic acid products market.
Rising Awareness Regarding Risks of Synthetic Skincare Products: The USP of hyaluronic acid has always been the fact that it is not only naturally found but also naturally produced within the human body. This renders it safe for skincare applications. Since most artificial skincare compounds can have adverse effects on the skin, the usage of hyaluronic acid products is on the rise, boosting the global market.
High Demand for Minimally Invasive Procedures: The convenience of hyaluronic acid products, which are just as effective when applied topically as when injected into the body, is another major factor propelling the global hyaluronic acid products market. Instead of injections of compounds boosting the appearance of skin, such as botox, the usage of hyaluronic acid products to boost the internal system maintaining the health of skin is rising.
Rising Living Standards in Asia Pacific to Boost Global Hyaluronic Acid Products Market
The regional market for hyaluronic acid products in Asia Pacific was the third largest regional segment of the global hyaluronic acid products market. This region, however, is expected to be the fastest growing market for hyaluronic acid products in the coming years. Along with other developing countries in Rest of the World, Asia Pacific countries are expected to witness high rates of development of medical infrastructure in the coming years. This will directly propel the global hyaluronic acid products market, as treatments involving hyaluronic acid products will be more accessible to the common man.
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In addition to this, the rising living standards in dynamic countries such as India, China, Thailand, Singapore, etc. will also benefit the hyaluronic acid products market. The increasing awareness about and demand for maintaining a youthful appearance as a result of the increased living standards will propel the Asia Pacific hyaluronic acid products market at a steady pace in the coming years.