Sodium Hyaluronate-based Products Market is expected to expand at a CAGR of 7.5% from 2021 to 2028
Sodium Hyaluronate-based Products Industry Overview The global sodium hyaluronate-based products market size was valued at USD 8.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2021 to 2028. The growth of the market can be attributed to an increase in the geriatric population, a demographic that is prone to diseases such as osteoarthritis and cataracts. Growing awareness and a rising number of dermal filler procedures are likely to further propel the market growth. Due to the COVID-19 pandemic, a slowdown in manufacturing and supply of FMCG products, pharmaceuticals, and medical supplies has been observed due to the immediate shutdown of activities to prevent the spread of the virus. Hospitals and surgery centers have reduced the number of surgical procedures as respective governments have recommended postponing or canceling elective procedures. This has led to a decline in cosmetic procedures, thus negatively impacting t...