Saudi Arabia Hyaluronic Acid Market Size & Outlook
Saudi Arabia hyaluronic acid market, 2017-2030 (US$M)
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Saudi Arabia hyaluronic acid market highlights
- The Saudi Arabia hyaluronic acid market generated a revenue of USD 51.4 million in 2022 and is expected to reach USD 99.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.6% 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.
Hyaluronic acid market data book summary
| Market revenue in 2022 | USD 51.4 million |
| Market revenue in 2030 | USD 99.1 million |
| Growth rate | 8.6% (CAGR from 2022 to 2030) |
| Largest segment | Dermal fillers |
| 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, Saudi Arabia accounted for 0.5% 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 Middle East & Africa, Saudi Arabia hyaluronic acid market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 69.8 million by 2030.
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Hyaluronic Acid Market Scope
Hyaluronic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 57.39% in 2022. Horizon Databook has segmented the Saudi Arabia hyaluronic acid market based on dermal fillers, osteoarthritis, ophthalmic, vesicoureteral reflux covering the revenue growth of each sub-segment from 2017 to 2030.
In the Middle East, more than 1 million people suffer from osteoarthritis in Iraq, Yemen, Saudi Arabia, and Syria. Approximately 85% of individuals aged 75 & above experience some symptoms of osteoarthritis; 40% of individuals with this disorder experience significant difficulties with daily activities to the point of interfering with work-related or social roles.
In the study conducted at Arar, KSA in 2018 on the geriatric population, the overall prevalence rate of osteoarthritis of the knee joint was 24.5%; male to female ratio was found to be 48.3 to 51.7. In another study, it was estimated that the prevalence of knee osteoarthritis was around 53% and 61% in males & females, respectively.
In addition, according to the same source, the prevalence of radiographic knee osteoarthritis increases with age. Increasing obese population in the region and rising prevalence of hypertension among the population are major factors contributing to growth of osteoarthritis in this region. Companies like Anika Therapeutics are leading suppliers of viscosupplementation in this region.
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Our clientele includes a mix of hyaluronic acid market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia hyaluronic acid market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia hyaluronic acid market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia hyaluronic acid market size, by application, 2017-2030 (US$M)
Saudi Arabia Hyaluronic Acid Market Outlook Share, 2022 & 2030 (US$M)
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