The global hyaluronidase market is projected to exhibit a significant growth, at a CAGR of around 7.5%, during the forecast period. The demand for aesthetic correction and other cosmetic procedures is gradually increasing across the globe, backed by the rising consciousness among people regarding facial aesthetics across the globe. Therefore, the demand for cosmetic surgeries is increasing across the globe, which significantly includes the procedures related to old-age facial corrections. According to a report published by the American Society of Plastic Surgeon in 2017, in older Americans are increasingly concerned about rejuvenating their faces. Therefore, the rising geriatric population will assist in the market growth, including the growth to the minimally invasive procedures.
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With the rising trend for cosmetic procedures, the demand for advanced cosmetic surgeries is increasing across the globe. This includes the inclination of people towards minimally invasive cosmetic surgical procedures. These surgeries are mainly practiced in developed economies, such as the US, UK, and Germany. As per the American Society of Plastic Surgeons (ASPS), a number of cosmetic procedures are continuously growing as there were around 17.7 million cosmetic procedures performed in the US including both, surgical and minimally invasive procedures in 2018, which is increased by 2% as compared to 2017. However, these procedures are gradually taking place in emerging economies, such as India.
The majority of the surgical procedures include the use of hyaluronic acid. Among the top five non-surgical procedures in 2018, the second highest surgical procedures include the use of hyaluronic acid, as per the American Society for Aesthetic Plastic Surgery. The hyaluronic acid fillers including Juvéderm and Restylane products are a renowned non-surgical option that provides temporary lip enhancement at an affordable cost. In addition, the hyaluronic acid injections projected a growth rate of 58% since 2014, as estimated in 2018, as per the American Society for Aesthetic Plastic Surgery. Such rise in the number of aesthetic procedures that involves hyaluronic acid is expected to drive the global hyaluronidase market during the forecast period.
Moreover, the growing minimally invasive procedure has significantly increased the number of cosmetic procedures globally, as the minimally invasive procedure offers faster recovery and better cosmetic results, which in turn, is offering growth to the hyaluronidase market across the globe. Hyaluronic acid is particularly developed for minimally invasive cosmetic procedures, including breast enhancement and facial tissue augmentation. In addition, these cosmetic minimally invasive procedures include soft tissue fillers, chemical peel, laser hair removal, and microdermabrasion procedure. These procedures are further expected to increase in the near future, with the rising concern in the public in developed and emerging economies regarding aesthetics. Moreover, the increasing medical tourism will further propel the hyaluronidase market in the emerging economies, such as India and China.
Global Hyaluronidase Market-Segmentation
By Type
By Application
Global Hyaluronidase Market– Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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