South Africa Hyaluronic Acid Market Size & Outlook
South Africa hyaluronic acid market, 2017-2030 (US$M)
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South Africa hyaluronic acid market highlights
- The South Africa hyaluronic acid market generated a revenue of USD 42.0 million in 2022 and is expected to reach USD 73.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.2% 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 42.0 million |
| Market revenue in 2030 | USD 73.4 million |
| Growth rate | 7.2% (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, South Africa accounted for 0.4% 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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South Africa 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 57.86% in 2022. Horizon Databook has segmented the South Africa hyaluronic acid market based on dermal fillers, osteoarthritis, ophthalmic, vesicoureteral reflux covering the revenue growth of each sub-segment from 2017 to 2030.
Growing geriatric population is a key factor driving growth of hyaluronic acid market in the country. According to estimates of Statistics South Africa, there were about 4.6 million people above the age of 60 in the country in 2017.
The risk of osteoarthritis increases with age. According to an article published in NCBI, osteoarthritis is the most prevalent form of arthritis in South Africa, with a prevalence of 55.1% in urban settings, and it ranges from 29.5%, 29.7% to 82.7% among adults aged 65 and above in rural settings.
In rural areas, knee osteoarthritis has the highest prevalence. Furthermore, according to IDF, South Africa was home to nearly 4.58 million adults suffering from diabetes. Moreover, diabetes patients have high chances of developing cataract in their lifetime.
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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 South Africa hyaluronic acid market , including forecasts for subscribers. This country databook contains high-level insights into South Africa hyaluronic acid market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa hyaluronic acid market size, by application, 2017-2030 (US$M)
South Africa Hyaluronic Acid Market Outlook Share, 2022 & 2030 (US$M)
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