Hyaluronic Acid Market Before and After COVID-19 Crisis Impact Assessment Analysis 2020-2027

Hyaluronic acid is an element naturally present in the cells of human body. The fluids of eye and joints contain hyaluronic acid in largest concentration in the body. Hyaluronic acid used as a drug or medicine is derived from rooster combs or produced by bacteria in the laboratory. It plays a role as a cushion and lubricant in the joints and other tissues. In addition, it could influence the way the body reacts to the injury. It is widely used in cosmetic products and pharmaceutical industry due to its hydrating power. It is also used in surgeries. It is also directly injected into the body for getting hydrated and plump skin. Eye surgeon injects hyaluronic acid into eye for cataract surgery. Hyaluronic acid gel and rinse is also effective in treatment of mouth sores.

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COVID-19 Scenario Analysis:
The COVID-19 outbreak has caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers. Markets and production units have been shutdown globally which has stopped the production, sale, and marketing of the product. This has also offered an opportunity for the companies to look after their supply chain relationship and business models for the future.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers And Impact Analysis
The developments in the cosmetic and personal care industry lead to the growth of the hyaluronic acid market. The hyaluronic acid is widely used in these industries to make moisturizing cream and lotions. The increase in demand for anti-aging and other skin care products has led to the surge in the usage of hyaluronic acid as an ingredient in the skin care products. It helps in hydrating skin and thus wrinkles, redness, and dermatitis get reduced. The urge of millenials to look attractive has also surged the demand for skin care lotions and creams containing hyaluronic acid. Nowadays hectic schedule, busy lifestyle, and change in normal eating habits has led to decline in the ability of skin to produce hyaluronic acid in sufficient amount. Therefore, the number of people taking supplements containing hyaluronic acid has increased.

The usage of hyaluronic acid in other industries supports the market to remain profitable in future. It is extensively used in pharmaceuticals and dietary supplements owing to its beneficial properties. Hyaluronic acid enables wounds recover quicker by controlling inflammation levels and indicating the body to build more blood vessels in the wounded tissue. Hyaluronic acid can also be injected into the joint by a medical professional to alleviate joint discomfort and stiffness.

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The global Hyaluronic Acid market trends are as follows:
Surge in usage hyaluronic acid in cosmetic industry booming the hyaluronic acid market
There has been surge in the usage of hyaluronic acid in cosmetic industry. The leading players are replacing collagen in their products with hyaluronic acid. The companies are focused on introducing creams, serums, and lotions by incorporating hyaluronic acid into their ingredients. It is mainly being applied in manufacturing of anti-aging and moisturizing creams and serums. For instance, in March 2020, k-beauty cosmetic manufacturing company launched “snowball” an innovative skincare product containing hyaluronic acid.

Companies covered
Allergan, OPTIMA packaging group GmbH, Smith & Nephew Plc , Novozymes, Quimper S.A., Salix Pharmaceuticals, Sanofi (Genzyme), Seikagaku Corporation, Ferring Pharmaceuticals, Galderma S.A., Merck KGaA. Parchem fine & specialty chemicals, Anika Therapeutics, Inc., Revitajal, Zimmer Holdings and F. Hoffmann-La Roche, Contipro a.s., Symatese

Segments covered
Type, Application, Distribution Channel, and Region

Regions covered
North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), and LAMEA (Middle East, Brazil, and the Rest of LAMEA)

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