Canada Hyaluronic Acid Market Size & Outlook, 2022-2030
Canada hyaluronic acid market, 2017-2030 (US$M)
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Canada hyaluronic acid market highlights
- The Canada hyaluronic acid market generated a revenue of USD 295.9 million in 2022 and is expected to reach USD 411.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.2% from 2023 to 2030.
- In terms of segment, osteoarthritis was the largest revenue generating application in 2022.
- Ophthalmic is the most lucrative application segment registering the fastest growth during the forecast period.
Hyaluronic acid market data book summary
| Market revenue in 2022 | USD 295.9 million |
| Market revenue in 2030 | USD 411.1 million |
| Growth rate | 4.2% (CAGR from 2022 to 2030) |
| Largest segment | Osteoarthritis |
| Fastest growing segment | Ophthalmic |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dermal Fillers, Osteoarthritis, Ophthalmic, Vesicoureteral Reflux |
| Key market players worldwide | Allergan, Sanofi SA, Anika Therapeutics Inc, Bausch Health Companies Inc, Roche Holding AG ADR, Nestle SA, Zimmer Biomet Holdings Inc, Smith & Nephew PLC, Ferring, Lifecore Biomedical Inc, Shiseido Co Ltd, Bloomage BioTechnology, LG Chem, Maruha Nichiro Corp, Genzyme, Seikagaku, HTL Biotechnology |
Other key industry trends
- In terms of revenue, Canada accounted for 3.1% of the global hyaluronic acid market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. hyaluronic acid market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,313.8 million by 2030.
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Hyaluronic Acid Market Scope
Hyaluronic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada hyaluronic acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hyaluronic acid market will help companies and investors design strategic landscapes.
Osteoarthritis was the largest segment with a revenue share of 42.38% in 2022. Horizon Databook has segmented the Canada hyaluronic acid market based on dermal fillers, osteoarthritis, ophthalmic, vesicoureteral reflux covering the revenue growth of each sub-segment from 2017 to 2030.
Significant increase in the number of osteoarthritis cases and ophthalmic surgeries is propelling the demand for hyaluronic acid in Canada. According to Statistics Canada, osteoarthritis affects more than 10% of people aged 15 or older in Canada.
Furthermore, around 3.9 million people in Canada aged 20 & above were living with osteoarthritis, and 219,000 people were newly diagnosed during 2016-2017.
With age, the prevalence and incidence of diagnosed osteoarthritis increases, reaching 10.0 per 1,000 persons per year in women and 7.5 per 1,000 persons per year in men. This is an important factor fueling market growth in Canada.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada hyaluronic acid market , including forecasts for subscribers. This country databook contains high-level insights into Canada hyaluronic acid market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada hyaluronic acid market size, by application, 2017-2030 (US$M)
Canada Hyaluronic Acid Market Outlook Share, 2022 & 2030 (US$M)
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