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According to SNS Insider, the Botulinum Toxin Market was valued at USD 7.26 Bn in 2023 and is expected to reach USD 17.73 Bn by 2031 and grow at a CAGR of 11.8% over the forecast period of 2024-2031.
Market Scope:
Use of Botulinum Toxin in the healthcare industry to treat medical conditions i.e., migraines, eyes problems and so forth is impacting the overall demand for the market. The changing landscape of the overall cosmetics and the demand in the developing economies to improve the glabellar lines is also attracting opportunities for the market players. The market will be growing immensely in the developed nations as the market players concentration will be mostly on the economies of North America region, the rising demand of youngsters and the adults to look attractive will be the key element pushing the growth of the market towards more decisive zone.
SNS Insider will be analysing the key trends and will be estimating the aspects which are contributing to the growth of Botulinum Toxin Market. The valuation of the market studied by SNS insider is based on understanding from where the maximum demand is coming and what are the factors which are obstructing the market growth.
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List of Botulinum Toxin Companies Profiled in Report:
- Ipsen Group
- Allergen Inc.
- Metabiologic
- Merz Pharma
- US Worldmeds
- Evolus
- Galderma
- Lanzhou Institute of Biological Products
Market Analysis:
19% rise in cosmetic surgery procedure in America since 2019
–American Society of Plastic Surgeons
SNS Insider has studied the factors which will be driving the growth of the market. The insights which are correlated with the rapid growth rate of Botulinum Toxin Market are, the evolving cosmetic surgical procedures in the developed economies. For instance, in 2022 26.2 Mn surgical procedures were conducted in U.S. The numbers include the intense and the minimal surgical procedure. Apart from this the benefits of Botulinum Toxin to treat health condition will be key areas of focus to decide the sustainability of the growth factor. The emerging trends which include the use of Botulinum Toxin formulation to adverse the immunological responses and enhance the overall therapeutics protein products is said to be the game changer. The approvals from the industry experts with the use BoNT-A worldwide is enhancing the growth of the market.
The side effects which are associated with the use of Botulinum Toxin will be the challenging factor which will be impacting the growth of the market. For instance, many patients have experienced a headache, redness and temporarily facial weakness. SNS Insider measured the restraining factors and analysed it with the growth rates, the side effects were on the moderate scale and the demand factor was on high note.
Botulinum Toxin Market Segmentation:
By Product
- Type A
- Botox
- Dysport
- Xeomin
- Others
- Type B
By Application
- Therapeutic
- Chronic Migraine
- Overactive Bladder
- Cervical Dystonia
- Spasticity
- Others
- Aesthetic
- Glabellar Lines
- Crow’s Feet
- Forehead Lines
- Others
By End-use
- Hospitals
- Dermatology Clinics
- Spas and Cosmetic Centers
Segment Analysis:
By Product and By Applications are the major segments which has been studied by SNS Insider. The segment study includes what are the factors which are driving the growth of the segments. If we closely analyse the by product segment the Type A sub segment will be growing at the highest rate. The health professional has stated the benefits which are associated with the use of Type A dose and the longer effects which it holds.
By Application segment should be the major area of focus by the established and the new entrants. The rapidly changing landscape of this segments as the rising adoption of Botulinum Toxins in the cosmetics and spa will be impacting this sub segments growth, and meanwhile it will be holding the highest CAGR.
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Regional Analysis:
North America will be the region which will be holding the highest share because of the rising demand in the cosmetic industry. U.S. will be the nation having 75% share in North America region. On the other hand, many companies operating in this market have started implementing strategies related to market developments. The targeted market is mostly the developing and the emerging economies of APAC.
What are the major Political Trends which are influencing the growth of Botulinum Toxin Market?
The regulatory and the safety trend where the evaluation of the use of Botulinum Toxin in the cosmetics products is done on regular basis. This trend will be a continuously impacting the market throughout the forecasted period, as the governments are very concern about the excess usage of the doses and its after effects.
The key metric which will be deciding the growth of the market will be the correlation of two variables i.e., affordability and the accessibility. After the successful clinical trials, the government agencies have improved the overall access of Botulinum Toxin. As mentioned earlier the use of Botulinum Toxin in healthcare industry to treat the symptoms of muscle cramps and migraine relief will be the driving factors which will ultimately improving the overall government supports for the respective nations across globe.
Overview of Recent Development:
The launch of Type A injection ‘Zarbot’ by the collaboration of Gufic Biosciences with U.S. based Prime Biohas. The rising clinical trials which are said to be the imperative factor for the overall market growth for instance, Medytox Korea announced the completion of phase 3 trials which was basically for next generation (BTX).
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Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Botulinum Toxin Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter’s 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Botulinum Toxin Market Segmentation, By Product
Chapter 9 Botulinum Toxin Market Segmentation, By Application
Chapter 10 Botulinum Toxin Market Segmentation, By End-use
Chapter 11 Regional Analysis
Chapter 12 Company profile
Chapter 13 Competitive Landscape
Chapter 14 Use Case and Best Practices
Chapter 15 Conclusion
Continued…
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