TechNavio recognizes the following companies as the key players in the Global Hyaluronic Market: Ferring Pharmaceuticals Inc., Fidia Farmaceutici S.p.A., Sanofi S.A., and Seikagaku Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The Global HA market will continue to witness a shift toward premium-priced shorter treatment regimens. Such regimes provide more convenience to the patients and result in a rise in patient acceptance of HA viscosupplementation treatment for OA. Shorter treatment regimens using premium-priced triple and single-injection products will add to the overall increase in revenues in the Global HA market during the forecast period. Patients suffering from OA in the US have widely accepted Sanofi’s Synvisc-One and other single-injection products such as Monovisc and Gel-200, which have led to an increase in US shares in the Global HA market. In addition, recent approvals of TRB Chemedica’s Ostenil Plus, Anika Therapeutics’ Monovisc, and Sanofi’s Synvisc-One for use in Europe are expected to drive the market. Further, Anika launched Monovisc in Taiwan in 2012 and Sanofi is planning to launch Synvisc-One in South Korea by 2015, which will further drive the market. Thus, shorter treatment regimens will help in sustaining the market during the forecast period.”
According to the report, one of the main drivers in this market is the steadily growing aging population globally. Aging is one of the main causes for the high demand for HA viscosupplementation. OA affects the aging population to a great extent. Viscosupplementation helps in decreasing pain and improving function in patients with knee OA. The global demand for HA viscosupplementation is expected to increase due to the rapidly increasing aging population in different parts of the world.
Further, the report states that one of the major challenges faced by the market is the intense price competition. The intense price competition limits the ASP of HA viscosupplements. This in turn, brings down the ASPs of viscosupplements and the players undergo significant losses.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-hyaluronic-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Hyaluronic Market 2012-2016
