South Korea Hyaluronic Acid Market Size & Outlook
South Korea hyaluronic acid market, 2017-2030 (US$M)
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South Korea hyaluronic acid market highlights
- The South Korea hyaluronic acid market generated a revenue of USD 471.6 million in 2022 and is expected to reach USD 915.8 million by 2030.
- The South Korea 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.
- Osteoarthritis 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 471.6 million |
| Market revenue in 2030 | USD 915.8 million |
| Growth rate | 8.6% (CAGR from 2022 to 2030) |
| Largest segment | Dermal fillers |
| Fastest growing segment | Osteoarthritis |
| 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 Korea accounted for 5.0% 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 Asia Pacific, Japan hyaluronic acid market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 523.7 million by 2030.
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Hyaluronic Acid Market Scope
Hyaluronic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 45.48% in 2022. Horizon Databook has segmented the South Korea hyaluronic acid market based on dermal fillers, osteoarthritis, ophthalmic, vesicoureteral reflux covering the revenue growth of each sub-segment from 2017 to 2030.
Osteoarthritis in South Korea is common among the elderly population with symptoms originating from different parts of the body. Knee osteoarthritis is one of the most common diseases, with an estimated 3.2 million patients diagnosed with the condition in South Korea. Thus, with the aging population, the number of cases is expected to increase.
Moreover, cosmetic and aesthetic procedures are widely popular in South Korea. According to ISAPS international survey, South Korea ranks fifth after the U.S., Brazil, China, and Japan in terms of the number of cosmetic procedures performed in the world.
There is high demand from the young population for nonsurgical aesthetic procedures such as rhinoplasty, lip augmentation, and facial rejuvenation.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea hyaluronic acid market , including forecasts for subscribers. This country databook contains high-level insights into South Korea hyaluronic acid market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea hyaluronic acid market size, by application, 2017-2030 (US$M)
South Korea Hyaluronic Acid Market Outlook Share, 2022 & 2030 (US$M)
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