Global Botulinum Toxin Market: Information by Type (Botulinum Toxin A and Botulinum Toxin B), Application (Aesthetic and Therapeutic), End User (Dermatology Centers, Hospitals and Clinics and others) and Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa) - Forecast till 2027
Botulinum Toxin Market Overview
Botulinum Toxin Market is expected to register a CAGR of 10.3% to reach USD 9442.93 Million by 2025.
The botulinum toxin market is expected to exhibit lucrative growth during the forecast period. One of the significant factors characterizing the market growth is the surge in demand for facial aesthetics. However, the adverse effects associated with botulinum toxin and poor reimbursement policies is anticipated to limit Market growth over the forecast period.
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Botulinum toxin also has some therapeutic applications, particularly in spasticity, migraines, and cervical dystonia. The growing prevalence of these conditions is likely to be a major driver for the botulinum toxin market over the forecast period. On the other hand, the increasing awareness about the adverse effects of botulinum toxin and the increasing number of people opting not to alter their appearance synthetically is likely to be a key restraint on the global botulinum toxin market over the forecast period.
Botulinum Toxin Market Competitive Leaderboard:
Leading players in the global botulinum toxin market include Revance Therapeutics Inc., Medytox, Hugel Inc., Evolus Inc., US WorldMeds LLC (Solstice Neurosciences LLC), Ipsen Pharma, Daewoong Pharmaceutical Co. Ltd., Galderma SA, Merz Pharma GmbH & Co KGaA, and Allergan PLC.
In September 2019, Medytox launched Coretox, a new botulinum product.
The same month, Ipsen Pharma received FDA approval for the use of Dysport for the treatment of lower limb spasticity in pediatric patients.
Botulinum Toxin Market Segmentation:
The global botulinum toxin market is segmented on the basis of product type, application, end use, and region.
By product type, the global botulinum toxin market is segmented into botulinum toxin type A and B. The type A segment holds a dominant share of more than 96% as of 2018 and accounts for an overwhelmingly dominant share in the global botulinum toxin market. Botox, Dysport, and Xeomin are among the leading brands of botulinum toxin type A.
By application, the global botulinum toxin market is segmented into therapeutic and aesthetics. The therapeutic segment is further sub-segmented into chronic migraine, spasticity, cervical dystonia, overactive bladder, blepharospasm, and others. The therapeutic segment holds the dominant share in the global botulinum toxin market.
By end use, the global botulinum toxin market is segmented into dermatology centers, hospitals and clinics, and others.
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Botulinum Toxin Market Regional Analysis:
The Americas dominate the global botulinum toxin market, accounting for more than 48% of the global market in 2018. The growing demand for aesthetic botox treatments in North America, particularly the U.S., is likely to be the major driver for the botulinum toxin market in the Americas region over the forecast period. The increasing presence of leading players such as Hugel, Evolus, and US WorldMeds in the U.S. is likely to be a major driver for the botulinum toxin market in the Americas over the forecast period.
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