The Botulinum Toxin Global Market Report 2023, provides comprehensive information on the botulinum toxin market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global botulinum toxin market size is expected to grow from $6.10 billion in 2022 to $6.72 billion in 2023 at a compound annual growth rate (CAGR) of 10.21%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of botulinum toxin market is expected to reach $9.61 billion in 2027 at a CAGR of 9.34%.
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Product innovations are the key trends gaining popularity in the botulinum toxin market. Companies operating in the botulinum toxin market are innovating products to sustain their position in the market. For instance, in January 2023, Evolus Inc., a US-based medical aesthetics company got approval from the Australian Therapeutic Goods Administration (TGA) for Nuceiva (prabotulinumtoxin A) in Australia. Nuceiva (prabotulinumtoxinA) is a neurotoxin that contains botulinum toxin type A and used for aesthetic purposes. This product is used for temporary improvement of the appearance of moderate glabellar lines in adult patients by blocking the nerve impulses of facial muscles and making them relax and smoothing the wrinkles formed by facial expressions, squinting, and frowning.
The botulinum toxin market is segmented:
1) By Type: Botulinum Toxin Type A, Botulinum Toxin Type B
2) By Application: Therapeutics, Aesthetics
3) By End User: Hospitals, Specialty Clinics, Dermatology Clinics, Other End Users
North America was the largest region in the botulinum toxin market in 2022.
The table of contents in TBRC’s botulinum toxin market report includes:
- Executive Summary
- Botulinum Toxin Market Characteristics
- Botulinum Toxin Market Trends And Strategies
- Botulinum Toxin Market – Macro Economic Scenario
- Botulinum Toxin Market Segmentation
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- Global Botulinum Toxin Market Competitive Benchmarking
- Global Botulinum Toxin Market Competitive Dashboard
- Key Mergers And Acquisitions In The Botulinum Toxin Market
- Botulinum Toxin Market Future Outlook and Potential Analysis
- Appendix
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