Neurotoxin Market Size, Segments, Demand And Forecast To 2033

Overview and Scope

Neurotoxin is a substance that is specifically toxic to nerve cells (neurons) or the nervous system. They work by inhibiting neuron cellular processes.

 

Sizing and Forecast

The neurotoxin market size has grown rapidly in recent years. It will grow from $6.74 billion in 2023 to $7.43 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%.  The  growth in the historic period can be attributed to rise in aesthetic procedures, therapeutic applications, advancements in cosmetic industry, growing aging population, increasing acceptance of non-surgical procedures..

 

The neurotoxin market size is expected to see rapid growth in the next few years. It will grow to $11.14 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%.  The growth in the forecast period can be attributed to expanding applications in neurology, continued demand for aesthetic procedures, innovation in formulations, rising consumer awareness, expansion of cosmetic tourism.. Major trends in the forecast period include advancements in drug delivery techniques, collaborations for neurotoxin development and research, market response to regulatory changes in neurotoxin industry, integration of neurotoxins in multimodal treatment plans, focus on long-lasting effects and patient satisfaction..

 

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Segmentation & Regional Insights

The neurotoxin market covered in this report is segmented –

1) By Product Type: Botox, Dysport, Xeomin, Other Products

2) By Application: Therapeutic, Aesthetic

3) By End User: Hospitals, Specialty Clinics, Dermatology Clinics, Other End Users

 

North America was the largest region in the neurotoxin market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neurotoxin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

 

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Major Driver Impacting Market Growth

The surge in cosmetic procedures to improve the appearance is expected to propel the growth of the neurotoxin market going forward. Cosmetic procedures refer to a wide range of medical treatments or interventions performed with the primary goal of enhancing or altering a person’s physical appearance. This shift has resulted from societal, technological, and cultural influences and awareness related to the advantages of cosmetic procedures. Neurotoxins are used in cosmetic procedures to relax specific muscles and reduce the appearance of wrinkles and fine lines. For Instance, in August 2022, according to a cosmetic surgery survey by the American Society of Plastic Surgeons, a US-based non-profit plastic surgery specialty organization, many Americans are investing in cosmetic procedures. 3 out of 4 plastic surgeons in the USA have noticed a rise in demand for cosmetic procedures and 30% of them have observed growth of their cosmetic procedure businesses have doubled. Therefore, the surge in cosmetic procedures to improve appearance is driving the growth of the neurotoxins market.

 

Key Industry Players

Major companies operating in the neurotoxin market report are AbbVie Inc., Galderma Inc., Ipsen SA, Daewoong Pharmaceutical Co. Ltd., Supernus Pharmaceuticals, Merz Pharma GmbH & Co KGaA, Hugel Inc., Evolus Inc., Medytox Inc., Croma-Pharma GmbH, Revance Therapeutics Inc., US WorldMeds, Gufic Biosciences Ltd., Hironic Co. Ltd., Allergan, List Biological Laboratories, Lanzhou Institute of Biological Products Co. Ltd., Solstice Neurosciences, Sinclair Pharma, Vida Aesthetics, Aquavit Holdings LLC, PharmaResearch Products Co.Ltd, Entod Pharmaceuticals, Object Pharma Inc., Eisai Co. Ltd.

 

The neurotoxin market report table of contents includes:

1. Executive Summary
2. Neurotoxin Market Characteristics
3. Neurotoxin Market Trends And Strategies
4. Neurotoxin Market – Macro Economic Scenario
5. Global Neurotoxin Market Size and Growth
6. Neurotoxin Market Segmentation
7. Neurotoxin Market Regional And Country Analysis

………..

34. Key Mergers And Acquisitions In The Neurotoxin Market
35. Neurotoxin Market Future Outlook and Potential Analysis
36. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Neurotoxin Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Neurotoxin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Neurotoxin Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

………

Table 74: AbbVie Inc. Financial Performance

Table 75: Galderma Inc. Financial Performance

Table 76: Ipsen SA Financial Performance

Table 77: Daewoong Pharmaceutical Co. Ltd. Financial Performance

Table 78: Supernus Pharmaceuticals Financial Performance

 

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