Botulinum toxin is one of the more extraordinary molecules encountered in medicine and science. Botulinum toxins play a very significant role in the management of a wide variety of medical conditions, especially strabismus and focal dystonias, hemifacial spasm, and various spastic movement disorders, headaches, hypersalivation, hyperhidrosis, and some chronic conditions that respond only partially to medical treatment.
Today, appearance has become a vital factor for every person. As a result, the need for products that solve problems regarding facial appearance is rising in importance. This increases demand for products in the global botulinum toxin market. They are preferred because they are capable of fixing problems like spasticity and cervical dystonia. This key fact is boosting the growth of the global Botulinum Toxin market. Furthermore, an increase in the incidence of spasticity and cervical dystonia and the number of cases of migraine is anticipated to propel the growth of the Botulinum Toxin market during the forecast period. In addition, growth in the rate of adoption of non-surgical botulinum toxin procedures, due to their noninvasive or minimally invasive nature, is further escalating the growth of the Botulinum Toxin market. An increase in the global old age population and incidences of esthetic issues, such as crow’s foot and lateral canthal lines, is the prime factor that is anticipated to fuel the growth of the Botulinum Toxin market during the forecast period.
On the contrary, lack of awareness about the advancements in non-surgical esthetic and therapeutic procedures is a major factor that hindering revenue generation in the global Botulinum Toxin market. Besides this, increasing access to information on social media, and the growing spending capacity in developed and emerging economies are some other factors that will stimulate the growth in the global Botulinum Toxin market in the forthcoming years. Further, growing research and development activities of key players in occupied with studies aiming to find fresh applications will be open various new opportunities for the players in the global Botulinum Toxin market.
Covid-19 Impact on Botulinum Toxin Market
In addition, the current Botulinum Toxin Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Botulinum Toxin Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Botulinum Toxin Market Segment Overview
In terms of Product Type, the Botulinum Toxin Type A segment held a major share of the global Botulinum Toxin market. Upsurge in the incidence of cervical dystonia, spasticity, glabellar lines, and crow’s foot and increase in the use of botulinum toxin type A are crucial factors that drive the growth of the segment. Furthermore, the Botulinum Toxin Type B segment is anticipated to expand at a significant rate in the coming period. Advantages of Botulinum Toxin Type B, such as the faster onset of action and faster recovery time, and introduction of new and improved type B products in the market for new indications are some key factors escalating the growth of the segment. According to the application, the Therapeutics segment dominated the global Botulinum Toxin market. This is due to due to increase in the cases of migraine and a rise in the demand for non-surgical therapeutic procedures globally. Additionally, the Esthetic segment is estimated to grow at a high rate in the forecast period. This is because of the growth in the incidence of lateral canthal lines and facial wrinkles.
Botulinum Toxin Market, By Product Type
· Botulinum Toxin Type A
· Botulinum Toxin Type B
Botulinum Toxin Market, By Application
· Aesthetic
· Therapeutics
Botulinum Toxin Market Regional Overview
Based on region, North America dominated the global Botulinum Toxin market. This is due to the growing awareness about non-surgical esthetic and therapeutic procedures. The botulinum toxin market in North America is anticipated to maintain its dominant position in the global market during the forecast period. Likewise, the botulinum toxin market in Europe is projected to expand in the forecast period, owing to an upsurge in the old-age population. The market in the Asia Pacific is expected to expand at a comparatively higher CAGR in the forthcoming years, due to the growth in adoption of non-surgical botulinum toxin procedures by the geriatric population and favorable government regulations.
Botulinum Toxin Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Botulinum Toxin Market Competitor overview
Some key developments and strategies adopted by manufacturers in Botulinum Toxin are highlighted below.
· In August 2021, Medytox announced it would enter another legal fight against a botulinum toxin (BTX) maker regarding its BTX strains and manufacturing process. Medytox said it named law firm Quinn Emanuel Urquhart & Sullivan LLP to represent the company in protecting Medytox’s intellectual property of BTX strains and the manufacturing process.
Botulinum Toxin Market, Key Players
· Allergan, Inc.
· Ipsen Group
· Merz Pharma GmbH & Co. KGaA
· Medytox, Inc.
· US Worldmed, LLC
· Galderma
· Metabiologics, Inc.
· Lanzhou Institute of Biological Products Co. Ltd.
· Revance Therapeutics, Inc.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Botulinum Toxin Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Botulinum Toxin Type A
- 5.2.2. Botulinum Toxin Type B
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Aesthetic
- 5.3.2. Therapeutics
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Botulinum Toxin Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Botulinum Toxin Type A
- 6.2.2. Botulinum Toxin Type B
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Aesthetic
- 6.3.2. Therapeutics
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Botulinum Toxin Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Botulinum Toxin Type A
- 7.2.2. Botulinum Toxin Type B
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Aesthetic
- 7.3.2. Therapeutics
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Botulinum Toxin Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Botulinum Toxin Type A
- 8.2.2. Botulinum Toxin Type B
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Aesthetic
- 8.3.2. Therapeutics
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Botulinum Toxin Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Botulinum Toxin Type A
- 9.2.2. Botulinum Toxin Type B
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Aesthetic
- 9.3.2. Therapeutics
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Allergan, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Ipsen Group
- 10.6. Merz Pharma GmbH & Co. KGaA
- 10.7. Medytox, Inc.
- 10.8. US Worldmed, LLC
- 10.9. Galderma
- 10.10. Metabiologics, Inc.
- 10.11. Lanzhou Institute of Biological Products Co. Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
