Hyaluronidase Market size is expected to reach USD 12 billion by the end of 2036, witnessing around CAGR 9% during the forecast period i.e., 2023 – 2036. In the year 2023, the industry size of hyaluronidase was around 1 billion. The growth of this market can be attributed to the account of the increasing prevalence of chronic diseases worldwide. Chronic diseases such as cancer and diabetes can lead to the accumulation of hyaluronic acid in tissues. This can cause a variety of problems, such as pain, inflammation, and swelling. Hyaluronidase can be used to break down hyaluronic acid and retrieve these symptoms. Every year 41 million people die out of chronic disease which is 74% of world’s population.
Furthermore, increasing technological advancement in the development of hyaluronidase power injections has made them more effective and safer. For instance, the development of recombinant hyaluronidase has reduced the risk of allergic reactions.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~9% |
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Base Year Market Size |
~USD 1 billion |
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Forecast Year Market Size |
~USD 12 billion |
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Regional Scope |
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Source (Animal-Derived Hyaluronidase, Synthetic Hyaluronidase, Bio-Engineered Hyaluronidase)
In terms of source, the animal derived hyaluronidase segment in the hyaluronidase market is estimated to hold the largest market share of 40% by the end of 2036. Most recognized products on the market now use hyaluronidase derived from animals, which has gained widespread acceptance. Currently, producers can create animal-derived hyaluronidase at a lower cost than synthetic or bioengineered hyaluronidase. However, the acceptance of alternate sources is soon anticipated to rise because to the increasing animal rights issues and initiatives. The most popular animal sources are bovine and porcine, which profited from the numerous regulatory licenses they have obtained from organizations like the FDA in the US.
Application (Dermatology, Chemotherapy, Ophthalmology, Plastic Surgery, Cosmetology)
Based on application, the dermatology segment is estimated to grow notably during the time period between 2024-2036. The need for hyaluronidase power injections in the dermatology industry has expanded because of the rising public demand for non-invasive methods to treat skin rashes, dehydration, redness reduction, fine lines, and aging. The rising rates of skin conditions and their consequences will both have a significant beneficial impact on the dermatological market. Skin problem is one of significant health concern affecting 30-60% of population in Europe, recorded as per a study.
Our in-depth analysis of the global market includes the following segments:
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Source |
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Application |
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Distribution Channel |
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North America Market Forecast:
The hyaluronidase market in North America is estimated to account for the largest revenue share of 33% by 2036. The market in this area is anticipated to benefit from the increasing number of vendors offering dermatology and cosmetic treatments such as facial injectables with hyaluronidase power injections. The demand for these items has surged in the area as a result of the government regulators in the area approving a number of hyaluronidase items for use by the populace.
Asia Pacific Market Statistics
In Asia Pacific region, the hyaluronidase market is predicted to grow significantly during the time period between 2024-2036. The primary factor influencing the anticipated expansion in the market for hyaluronidase in the region is the expanding medical tourism sector. India from the APAC region was ranked 10th in the Medical Tourism Index out of 46 countries. The need for hyaluronidase power injections in this area is anticipated to rise as a result of the region's abundance of suppliers that offer the products at lower prices than those in other locations and its less expensive facilities.
Author Credits: Radhika Gupta, Shivam Bhutani
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