Botulinum Toxin Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and
Botulinum Toxin Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Global Botulinum Toxin Market: By Product Type (Botulinum Toxin Type A, Botulinum Toxin Type B), By Application (Aesthetic, Therapeutic), By Distribution Channel (Hospitals, Dermatology Clinics, Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global botulinum toxin market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 and 2024
Market Outline: Botulinum Toxin Market
Botulinum toxin is produced by clostridium botulinum, a gram-positive anaerobic bacterium which is the most poisonous biological substance known. Botulinum acts as the neurotoxin. It binds to the nerve ending at the point where the nerve joins a muscle and blocks the release of chemical acetylcholine by the nerve, which is the principle neurotransmitter at the neuromuscular junction, preventing the contraction of the muscle. The physicians use Botox in small doses in various treatments such as temporary smoothening of facial wrinkles, cervical dystonia, chronic migraine etc. When a small amount of botulinum toxin is injected into a muscle, it blocks nerve signals that makes the muscle contract.
Market Dynamics: Botulinum Toxin Market
Increases in beauty consciousness and the growing need for enhancing physical appearance is driving the botulinum toxin market. The technological advancements and change in lifestyle compelling people to approach for the modern cosmetic treatments. The growing ageing population and the increasing awareness among the people about the various aesthetic treatment procedures is also enhancing the growth of the botulinum toxin market. The availability of the minimal invasive cosmetic procedures is gaining more attention, which is also driving the growth of the botulinum toxin market. The rising demand for the non-invasive solutions in the cosmetic treatments is also boosting the growth of the global botulinum toxin market. However the high cost involved in the procedure is likely to hamper the growth of the botulinum toxin market. Also the complications post-treatment is hampering the growth of the market.
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Market Scope: Botulinum Toxin Market
Botulinum toxin market is segmented on the basis of product type, application, and distribution channel
Based on the product type, the market is segmented into the following:
• Botulinum Toxin Type A
• Botulinum Toxin Type B
Based on the application, the market is segmented into the following:
• Aesthetic
• Therapeutics
Based on the distribution channel, the market is segmented into the following:
• Hospitals
• Dermatology Clinics
• Others
Regional Analysis: Botulinum Toxin Market
Geographically, global botulinum toxin market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America botulinum toxin market driven by increasing demand for anti-ageing treatments. The growing ageing population is driving the growth of the botulinum toxin market in the region. The adoption of the modern treatment techniques in the region is expected to position North America dominant over the forecasted period. In the Asia-Pacific region the growth of the market is projected to show a rapid growth owing to higher demand of the anti-ageing products. The growing awareness among the people regarding beauty aiding the Asia Pacific market revenue growth over the forecasted period.
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Competition Assessment: Botulinum Toxin Market
Some of the players in the global botulinum toxin market include:
• Allergan PLC (Ireland)
• Merz Pharma Gmbh (Germany)
• Galderma (Nestle)
• Medytoc Solutions Inc (U.S)
• Ipsen (France)
• Revance Therapeutics, Inc (U.S)
• US Worldmed, LLC (U.S)
• Lanzhou Biological Products Institute (China)
Notable Market Developments: Botulinum Toxin Market
• In October 2017, Allergan plc received USFDA approval of BOTOX Cosmetic for its third indication, the temporary improvement in the appearance of moderate to severe forehead lines associated with frontalis muscle activity in adults.
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Key Features of the Report:
• The report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezula, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)
• The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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