Botulinum Toxin Market to Reach an Opportunity of US$ 8,718.7 Mn by the End of 2026

The global botulinum toxin market is expanding at a high pace owing to the increase in prevalence of cervical dystonia and upper limb and lower limb spasticity. Rise in global geriatric population and adoption of new non-surgical aesthetic procedures is fuelling the market. Growing incidences of glabellar lines, face and forehead wrinkles, and crow’s foot and consistent worldwide rise in cases of migraine are boosting the market. Furthermore, rising number of skilled professionals performing non-surgical botulinum toxin procedures, favorable government regulations regarding the commercial usage of botulinum toxins, and advantages of faster onset of action of botulinum toxin procedure over traditional cosmetic procedure are propelling the botulinum toxin market.

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This report on the global botulinum toxin market comprises an elaborate executive summary, including a market snapshot that provides information about various segments of the market. The report also provides information and data analysis of the global market with respect to its segments based on product type, application, and region. A detailed qualitative analysis of drivers, restraints, opportunities and trends of the market has been provided in the overview section. Additionally, the market outlook section offer key insights of the global market such as price comparison analysis, pipeline analysis and launch & patent expiry snapshot. It also provides market attractiveness analysis, in terms of region and key strategies adopted by players, thereby presenting a thorough analysis of the overall competitive scenario prevailing in the global botulinum toxin market.

Transparency Market Research (TMR) has published a new report titled, "Botulinum Toxin Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026". According to the report, the global botulinum toxin market was valued at US$ 4,527.0 Mn in 2017 and is projected to reach US$ 8,718.7 Mn by 2026, expanding at a CAGR of 7.6% during the forecast period. Global increase in prevalence of spasticity and cervical dystonia and rise in the incidence rate of glabellar lines, crow’s foot, and facial wrinkles are driving the botulinum toxin market. Furthermore, continuously growing worldwide geriatric population and adoption of non-surgical aesthetic and therapeutics procedures are boosting the botulinum toxin market. North America is expected to dominate the global botulinum toxin market during the forecast period owing to the increasing awareness regarding noninvasive or minimally invasive, non-surgical aesthetic and therapeutics procedures. The market in Europe is projected to be a lucrative market for botulinum toxin due to the increasing demand for botulinum toxin procedures in the region. The market in Asia Pacific is expected to expand at a rapid pace owing to the increase in geriatric population and favorable government regulations regarding botulinum toxin procedures. The market in the region is projected to expand at a significant CAGR of 8.7% during the forecast period.

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Adoption of non-surgical aesthetic and therapeutics procedures to boost the botulinum toxin market

In terms of application, the global botulinum toxin market has been segmented into aesthetic and therapeutics. Therapeutics is the leading segment of the market, and was valued at US$ 2,623.4 Mn in 2017. The segment is expected to reach a market value of US$ 4,819.4 Mn by 2026, expanding at a CAGR of 7.0% during the forecast period. Studies suggest that prevalence of glabellar lines, lateral canthal lines, crow’s foot, and facial wrinkles is common among the geriatric population, worldwide; thus increasing geriatric population is expected to propel the market during the forecast period.

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