What is the global market size of Botulinum Toxin Market?

Botulinum Toxin Market size was valued at USD 5.8 billion in 2021 and is poised to grow from USD 6.47 billion in 2022 to USD 17.23 billion by 2030, growing at a CAGR of 11.5% in the forecast period (2023-2030).

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 Insights

Botulinum Toxin Market size was valued at USD 5.8 billion in 2019 and is poised to grow from USD 6.47 billion in 2023 to USD 17.23 billion by 2031, growing at a CAGR of 11.5% in the forecast period (2024-2031).

Botulinum Toxin (BNT) is a neurotoxin with seven antigenic forms: BNT-A, B, C, D, E, F, and G. It is produced by the anaerobic bacterium Clostridium botulinum and is commonly used for cosmetic purposes. Currently, just a few BNT - A goods and one BNT - B product are commercially available in the market. However, significant investment in R&D initiatives to develop botulinum toxin's therapeutic usage is offering chances for its use cases to expand botulinum toxin market in the coming years.

The spike in the demand for cosmetic, non-invasive surgical procedures, new product launches, improving affordability, and changes in reimbursement policies to cover botulinum injections are some of the factors driving growth of the global botulinum toxin market.

US Botulinum Toxin Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Botulinum Toxin Market Report Snapshots

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The key players in the botulinum toxin market are working on continuous innovation and product portfolio enhancement for better aesthetic and therapeutic outcomes for patients. For example, in February 2021, AbbVie, one of the prominent players in global botulinum toxin market, got FDA clearance for Botox to treat detrusor overactivity associated with a neurological disease in select pediatric patients aged 5 and older. Furthermore, the growing relevance of aesthetic beauty, fueled by the expanding therapeutic applications of these toxins for critical and chronic diseases, is expected to drive the growth of botulinum toxin during the forecast period. 'Allergan', 'Ipsen', 'Merz Pharma', 'Medytox', 'Revance Therapeutics', 'US WorldMeds', 'Galderma', 'Hugel', 'Suneva Medical', 'Daewoong Pharmaceutical', 'Mylan', 'Evolus', 'Teijin Pharma', 'Anterios Inc.', 'Canbex Therapeutics', 'Lanzhou Institute of Biological Products', 'Eisai', 'SciClone Pharmaceuticals', 'InMed Pharmaceuticals', 'Syneron Medical'

Rising Demand for Minimally Invasive Cosmetic Procedures to Drive Botulinum Toxin Market

Women accounted for 92% of all cosmetic procedures performed around the globe while only 8 males undergo cosmetic procedures

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.

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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

Global Botulinum Toxin Market Insights

Global Botulinum Toxin Market Report Snapshots

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