IMARC Group, a leading market research company, has recently releases report titled “Botulinum Toxin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global botulinum toxin market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the global market for botulinum toxin?
The global botulinum toxin market size reached US$ 5.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028.
What is botulinum toxin?
Botulinum toxin refers to a neurotoxin manufactured by the bacterium Clostridium botulinum, which is an anaerobic, gram-positive, spore-forming rod that is commonly found in soil, plants, water, the intestinal tracts of several animals, etc. Botulinum toxin plays a significant role in the management of various medical conditions, such as strabismus and focal dystonia, hemifacial spasm, headaches, hypersalivation, hyperhidrosis, spastic movement disorders, etc. It is also utilized for numerous cosmetic purposes, including to temporarily reduce frown lines, creases, and wrinkles on the face, chin, neck, chest, etc.
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Market Trends:
The increasing product utilization in the treatment of numerous dermatological conditions, such as abnormal gland activity and overactive smooth muscles, is primarily driving the market across the globe. Additionally, the growing beauty consciousness among individuals and their willingness to undergo reconstructive and cosmetic surgeries are also propelling the botulinum toxin market growth.
Apart from this, the inflating levels of disposable incomes and urbanization, coupled with the emerging trend of cosmetic tourism, are acting as significant growth-inducing factors. Moreover, the expanding geriatric population is further catalyzing the market growth since the skin becomes more susceptible to sagging and wrinkles with age. In addition to this, various technological innovations, such as the development of new potent toxins to enhance the effectiveness of antigenic dose, are projected to bolster the botulinum toxin market in the coming years.
Competitive Landscape with Key Players:
Who are the key players operating in the industry?
Botulinum Toxin Leading Players:
- AbbVie Inc.
- Eisai Co. Ltd
- Evolus Inc
- Galderma SA
- HUGEL Inc.
- Ipsen Group
- Medytox Inc.
- Merz Pharma GmbH and Co. KGaA
- Metabiologics Inc.
- Revance Therapeutics Inc.
Market Segmentation:
The report has segmented the botulinum toxin market on the basis of type, application, end user and region.
Breakup by Type:
- Toxin Type A
- Toxin Type B
Breakup by Application:
- Therapeutics
- Aesthetics
Breakup by End User:
- Hospitals and Clinics
- Dermatology Clinics
- Spas and Cosmetic Centres
Breakup by Regional Outlook:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report Description At: https://www.imarcgroup.com/botulinum-toxin-market
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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