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Botulinum Toxin Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2026

Author : Ronak Bora | Published Date : 2020-09-02 

Botulinum Toxin Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The global botulinum toxin market is projected to observe substantial growth owing to the rising demand for cosmetic non-invasive processes across the world. In addition, the increasing use of the product to treat eye disorders like uncontrolled blinking (blepharospasm), and crossed eyes (strabismus) is likely to increase its demand over the coming years. additionally, the rising use of botulinum toxin for the treatment of excessive drooling/saliva and underarm sweating is also likely to augment industry size.

According to a research report by GMI Inc., the botulinum toxin market is likely to surpass a valuation of $8.9 billion by 2026.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3408

Mentioned below are three major trends influencing the botulinum toxin market growth:

Growing therapeutic indications for botulinum toxin A

Botulinum toxin A is extensively used to treat square jaws, crow’s fee and forehead lines and wrinkles. The product is also used in easing cases of chronic pelvic pain in women with endometriosis. It is also experiencing high adoption for treating muscle spasm. Multiple therapeutic indications of botulinum toxin will boost the product demand over the coming years. In 2019, botulinum toxin A segment dominated the global market in and is set to grow at to 8.9% CAGR over 2020-2026.

Aesthetic surgeries using botulinum toxin show long-lasting results with fewer side effects. Aesthetic applications accounted for 42.4% of the botulinum toxin market share. Increasing preference of patient for aesthetic surgeries which are technologically advanced and carried out under safety parameters may bolster product demand in future.

Increasing demand for aesthetic surgeries

With regards to application, the market is bifurcated into aesthetic, and medical segments. Among these, the aesthetic segment accounted for about 42.4% of the overall industry share and is projected to foresee tremendous growth over the coming years. This positive outlook of the aesthetic segment is ascribed to the growing dependence of the patient population on aesthetic surgeries, safety parameters, and technological advancements. In addition, aesthetic surgeries show long-lasting outcomes with very less side effects, which is further supporting their demand and propelling the market share.

Surging geriatric population across the Asia Pacific

APAC botulinum toxin market share will garner significant gains through 2026 on account of rising disposable incomes, high growth rate of aging population and associated demand for facial cosmetic treatments. Botulinum toxin products are witnessing high demand in the region due to rising product awareness along with accessibility to new technologies. Moreover, there is rise in number of aesthetic surgeries with the availability of trained plastic surgeons in region.

Key companies in the botulinum toxin market are using various strategies such as mergers, acquisitions, and product launches to gain a competitive edge and boost their revenues. Taking May 2019 for instance, Merz, a renowned leader in the neurotoxin treatment, reportedly announced that its Xeomin®(incobotulinumtoxinA) received European approval to treat chronic sialorrhea caused by neurological disorders in adults.

The competitive landscape of the global botulinum toxin market is inclusive of players such as Merz Pharma, Medytox Inc., Ipsen, Allergan, Galderma S.A., Hugh Source International ltd., Hugel Inc., Eisai Co., Ltd., and Revance Therapeutics among others. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/botulinum-toxin-market

Partial Chapter of the Table of Content 

Chapter 4.  Botulinum Toxin Market, By Product

4.1. Key segment trends

4.2. Botulinum Toxin A

4.2.1.  Market size, by region, 2015 - 2026 (USD Million)

4.3. Botulinum Toxin B

4.3.1.  Market size, by region, 2015 - 2026 (USD Million)

Chapter 5.  Botulinum Toxin Market, By Application

5.1. Key segment trends

5.2. Medical

5.2.1.  Market size, by region, 2015 - 2026 (USD Million)

5.3. Aesthetic

5.3.1.  Market size, by region, 2015 - 2026 (USD Million)

Chapter 6.  Botulinum Toxin Market, By Gender

6.1. Key segment trends

6.2. Male

6.2.1.  Market size, by region, 2015 - 2026 (USD Million)

6.3. Female

6.3.1.  Market size, by region, 2015 - 2026 (USD Million) 

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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