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Increasing Demand for Aesthetic Procedures Estimated to Reinforce the Botulinum Toxin Market Growth

Inkwood Research anticipates that the Global Botulinum Toxin Market is evaluated to register a CAGR of 5.14% in terms of revenue during the forecasted years of 2021-2028.

“Browse 50 Market Data Tables and 46 Figures spread over 150 Pages, along with an in-depth TOC on the Global Botulinum Toxin Market Forecast 2021-2028.”

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Botulinum toxin is characterized as a neurotoxic protein produced by the Clostridium botulinum bacterium, in addition to related species. The protein inhibits the neurotransmitter acetylcholine’s release from axon endings situated at the neuromuscular junction, resulting in flaccid paralysis. 

Rising Demand for Aesthetic Procedures to Propel Market Growth

The demand for cosmetic treatments continues to increase globally and is anticipated to continue the same trend over the upcoming years. In this regard, as per the International Society of Aesthetic Plastic Surgery, the number of non-surgical procedures performed in 2018 was more than 12,659,140. In the same year, the leading non-surgical procedure performed among women was botulinum toxin, accounting for over 5,344,764 procedures. Moreover, statistics also indicate that approximately 1 million men underwent non-surgical procedures, representing a transitioning trend across the global aesthetics market.

According to the recent data issued by the American Society of Plastic Surgeons (ASPS), out of the 15.9 million cosmetic minimally-invasive procedures performed in the United States, in 2018, botulinum toxin type A ranked the highest, equating to nearly 7.44 million procedures.



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Type B is the Fastest-Growing Type

Botulinum toxin type B is a type of neurotoxin produced from Clostridium botulinum, largely accepted for medical treatments. Type A and type B differ on the basis of the mechanism of action. The two types are inclined to block neuromuscular transmission by attaching to the receptor sites on motor neuron terminals as well as preventing the release of acetylcholine. With type A, the inhibition is initiated by cleaving the SNAP-25 (protein), while type B cleaves the synaptobrevin or synaptic vesicle-associated membrane proteins (VAMP).

On the other hand, multiple studies related to botulinum toxin type B are being conducted in order to explore the respective applications for medical reasons. For instance, as per the 2020 study published in the American Journal of Clinical Dermatology, botulinum toxin type B was evaluated for its efficacy and safety in terms of treating hidradenitis suppurativa.

Asia-Pacific to Lead the Global Market by 2028

The Asia-Pacific is estimated to be the leading market for botulinum toxin. The region’s growth is attributed to key drivers such as the surge in awareness and interest in aesthetic procedures and treatments, the increasing elderly population, and the rising purchasing power of the middle class, owing to economic developments.

Leading market players compete heavily on the grounds of product development and marketing. The firms also invest heavily in therapeutic label extension, research and development, and acquisitions in order to streamline as well as augment product offerings. Hence, these factors increase the global market’s competitive rivalry. Some of the key companies operating in the market are Galderma SA, Merz Pharma, Evolus Inc, etc.

About Inkwood Research

Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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Related Reports:

GLOBAL AESTHETIC FILLER MARKET

GLOBAL COSMETIC SURGERY AND PROCEDURE MARKET

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