The report “Global Botox Market, By Type (Botulinum Toxin Type-A and Botulinum Toxin Type-B), By End-use (Therapeutic Use and Aesthetic Use), and Region – Global Forecast to 2029″ Global botox market is projected to grow from US$ 5.3 billion in 2020 to US$ 15.2 billion by 2029. Global botox market is driven by escalating population aging between 25 years to 65 years to age, surging demand for minimally invasive treatment and escalating therapeutic utility of botulinum toxin. Botox is more financially viable for patients, botox injections are less invasive than other cosmetic procedures, and it is a versatile treatment, owing to fuel demand of the global botox market. Heavy investment on R&D projects to develop the therapeutic use of botox is creating numerous opportunities in the global botox market across the globe.
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- On August 2016, Ipsen Pharma SA has announced first FDA-approved botulinum toxin Dysport® for the treatment of pediatric lower limb spasticity and has studied in patients having cerebral palsy
- On May 2019, Merz Pharma a global leader in neurotoxin therapy has announced the European approval of Xeomin® for the symptomatic treatment of chronic sialorrhea owing to neurological disorders in adult patients
- On March 2019, Medy-Tox Inc., a leading botulinum toxin producer has launched Coretox, a new botulinum toxin type A product aimed to reduce the risk of resistance which is an ongoing concern after repeated injections.
Key Market Insights from the report:
The global botox market accounted for US$ 5.3 billion in 2020 and is projected to register a moderate CAGR of 12.4 % over the forecast period. The market report has been segmented on the basis of type, end-use, and region.
- By type, the botulinum toxin type-A segment held a prominent share of the global botox market in 2018. Increase in prevalence of cervical dystonia, spasticity, glabellar lines, and crow’s foot and rise in the use of botulinum toxin type-A are key factors propelling the global market
- By end-user, the therapeutics end-use segment dominates the global market, owing to global rise in the cases of migraine and increase in the demand for non-surgical therapeutic procedure, which is noninvasive or minimally invasive in nature
- By region, North America is the largest supplier of botox and dominates the global botox market, owing to the rise in awareness level regarding non-surgical esthetic and therapeutic procedures. The global market in North America is expected to maintain its dominant position over the forecast period. The global botox market in Europe is the second largest supplier of botox and is expected to expand over the forecast period, due to increase in geriatric population
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Botox Market”, By Type (Botulinum Toxin Type-A and Botulinum Toxin Type-B), By End-use (Therapeutic Use and Aesthetic Use), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – forecast till 2029
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The prominent player operating in the global botox market includes Allergan, Inc., Ipsen Pharma SA, Merz Pharma GmbH & Co. KGaA, Medytox, Inc., US Worldmed, LLC, Metabiologics, Inc., Lanzhou Institute of Biological Products Co. Ltd., Revance Therapeutics, Inc., Allergan, Inc., Ipsen Group, and Merz Pharma GmbH & Co.
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