Latin America Hyaluronic Acid Market Size & Outlook
Latin America hyaluronic acid market, 2017-2030 (US$M)
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Latin America hyaluronic acid market highlights
- The Latin America hyaluronic acid market generated a revenue of USD 390.3 million in 2022.
- The market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, dermal fillers was the largest revenue generating application in 2022.
- Ophthalmic is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 390.3 million |
| Market revenue in 2030 | USD 727.7 million |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | Dermal fillers |
| Fastest growing segment | Ophthalmic |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 4.1% of the global hyaluronic acid market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,723.7 million by 2030.
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Hyaluronic Acid Market Scope
Hyaluronic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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.
Dermal fillers was the largest segment with a revenue share of 55.55% in 2022. Horizon Databook has segmented the Latin America hyaluronic acid market based on dermal fillers, osteoarthritis, ophthalmic, vesicoureteral reflux covering the revenue growth of each sub-segment from 2017 to 2030.
Latin America is considered a potential market for hyaluronic acid owing to its improving healthcare scenario and increasing disposable income. Many companies are entering the Latin American market through local distribution networks.
For instance, Arthromeds is a distributor of HYALOFAST by Anika Therapeutics in Columbia. In addition, rising incidence of osteoarthritis in Latin American countries may propel the demand for hyaluronic acid in this region.
According to a research study published in NCBI in 2016, osteoarthritis was among the common rheumatic diseases in Argentina. Brazil and Mexico are among the top countries for cosmetic procedures. In addition, medical tourism for dermal fillers is also driving the market in this region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America hyaluronic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America hyaluronic acid market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America hyaluronic acid market size, by country, 2017-2030 (US$M)
Latin America Hyaluronic Acid Market Outlook Share, 2022 & 2030 (US$M)
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