About Hyaluronidase Power Injections
Hyaluronidase is the enzyme-based substrate that breaks the hyaluronic acid present within the body and will increase the absorption of fluids or the medicines within the body administered subcutaneously or intramuscularly over the intravenous route. Hyaluronidase power injections are used in various applications like non-invasive tumor imaging in cosmetics treatments, cancer metastasis, numerous applications in cancer medical care, and ophthalmic therapeutic. One notably characteristic of hyaluronidase is that the reversibility dissolution of ha hyaluronic fillers in aesthetic procedures. Factors like rising awareness concerning physical look change have led to the increasing demand for cosmetics and aesthetics procedures. The demand for hyaluronidase in cosmetic dermatology is more and more driven by the increase in the prevalence of skin disorders and simple access to advanced cosmetic treatments. Moreover, rising penetration across numerous application areas and also the presence of many clinical studies to work out the efficacy of the product is driving the hyaluronidase market. Moreover, the employment of enzyme-based substrate for noninvasive tumor imaging in cancer metastasis, varied applications in cancer therapy, cosmetic treatments, and ophthalmic therapeutic solutions also are key driving factors within the market. Moreover, an increase within the variety of individuals choosing aesthetic non-surgical procedures, the rising geriatric population, and favorable compensation policies also are expected to fuel the hyaluronidase market. However, Adverse effects related to hyaluronidases like skin rashes, uncommon weakness might hamper the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.0% |
The animal-derived hyaluronidase market has witnessed a substantial number of product approvals leading to promote the growth of the market. High adoption of advanced treatment options and a substantial number of dermatology clinics prescribing such treatments. Moreover, increasing healthcare expenditure and the presence of well-established healthcare infrastructure are also fueling the growth of the overall regional market to a large extent. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hyaluronidase Power Injections market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sun Pharmaceuticals Industries (India), PrimaPharm (United States), Valeant Pharmaceuticals (United States), Amphastar Pharmaceuticals (United States), Halozyme Therapeutics (United States), CooperSurgical Fertility (United States), Shreya Life Science (India), Stemcell Technologies (Canada), Bausch & Lomb Incorporated (United States) and Anika Therapeutics (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hyaluronidase Power Injections market by , Application (Dermatology, Chemotherapy, Ophthalmology, Plastic Surgery and Cosmetology) and Region.
On the basis of geography, the market of Hyaluronidase Power Injections has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Hospitals will boost the Hyaluronidase Power Injections market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Adult will boost the Hyaluronidase Power Injections market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Types of Source, the sub-segment i.e. Animal-derived will boost the Hyaluronidase Power Injections market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Aesthetic Awareness Among the Population
Market Growth Drivers:
Increasing Penetration of Hyaluronidase in Correction Procedures and Rising Demand for Minimally Invasive Aesthetic Treatments
Challenges:
Lack of Skilled Workforce to Perform Procedures
Restraints:
Adverse Effects Associated with Hyaluronidases and High Cost of The Injections
Opportunities:
Increasing Contribution by The Key Players and Rapid Increase in The Research and Development
Market Leaders and their expansionary development strategies
In August 2021, Halozyme Therapeutics, Inc. announced the initiation of a Phase 3 clinical trial for its investigational drug, PEGPH20, in combination with chemotherapy in patients with previously untreated metastatic pancreatic cancer. PEGPH20 is a pegylated recombinant human hyaluronidase that targets the extracellular matrix of tumors to improve the delivery of chemotherapy.
In September 2023, Alteogen Inc., a Korean biotech company announced that their recently concluded clinical trial of Tergase showed zero incidence of ADA (including neutralizing antibodies). Tergase is Alteogen's first proprietary product currently under the pharmaceutical approval process by the Korean Ministry of Food and Drug Safety.
Key Target Audience
Manufacturers of Hyaluronidase Power Injections, Suppliers and distributors of Hyaluronidase Power Injections, Governmental and Regulatory bodies, End-Users and Potential Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.