Product ID: SQMIG35I2220
Global Botulinum Toxin Market Size, Share, Growth Analysis, By Type(Botulinum Toxin Type A, Botulinum Toxin Type B), By End Use(Aesthetic, Therapeutics) - Industry Forecast 2024-2031
Report ID:
SQMIG35I2220 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
61 |
Figures:
75
Global Botulinum Toxin Market Regional Insights
North America dominated the global botulinum toxin market in 2021, owing to the region's highly aware and economically stable population, as well as a significantly higher number of procedures conducted in the US and Canada. In 2021, more than 3.6 million cosmetic procedures involving neurotoxins (such as Botox) were performed. The increasing availability of numerous non-invasive cosmetic treatments and frequent new product approvals for a wide range of therapeutic indications are expected to fuel the expansion of botulinum toxin market over the forecast period.
Europe is second-largest botulinum toxin market because of high demand for botox operations in most of the European nations and increased research and development spending in Europe.
According to a study conducted in the United Kingdom, women who had assessed their self-esteem, life satisfaction, and attractiveness as low had little religious beliefs, and were exposed to a lot of media were more likely to get botox.
On the other hand, some of the developing countries in Asia Pacific and Latin America like India, China, Brazil, Thailand are experiencing a condierable growth in the demand for cosmetic surgeries that involves the use of botulinum toxin. The Asia Pacific botulinum toxin market growth is further supported by rising per capita disposable income, increased want to look beatuful and growing impact of social media are taking the market to next level. As a result, Asia Pacific botulinum toxin market is primed to see an increase in the demand for non-invasive aesthetic operations. According to the annual Global Aesthetic Survey conducted by the International Society of Aesthetic Plastic Surgery (ISAPS), medical tourism for cosmetic operations in Thailand is expanding, with more than 33.2% of cosmetic surgery patients coming from other countries.
Global Botulinum Toxin Market Report Snapshots
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