The global botulinum toxin injection market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Botox or botulinum toxin is a drug made from a toxin that is produced by the bacterium clostridium botulinum and is used in small doses for the treatment of health problems such as temporary smoothing of facial wrinkles and improving appearance. The major factor for the growth of the market during the forecast period is the increasing demand for cosmetic non-invasive surgical procedures.
Moreover, the market is growing due to new product launches. For instance, in July 2021, Allergan, an AbbVie company announced the approval of a label expansion of BOTOX by the US Food and Drug Administration (FDA) to include eight new muscles for the treatment of upper limb spasticity in adults. Furthermore, the ongoing R&D is further expected to boost the growth of the market. For instance, as per UC SanDiego Health, researchers at Skaggs School of Pharmacy and Pharmaceutical Sciences at the University of California San Diego, in collaboration with two physicians from Germany with help of the US FDA’s Adverse Effect Reporting System (FAERS) database found that the Botox Injections may reduce anxiety in 2021, which in turn is driving the growth of the market.
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Some major players in the market include Ipsen Pharma, Revance Therapeutics Inc., and AbbVie Inc. (Allergan plc), among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in December 2020, Ajinomoto Bio-Pharma Services and Revance Therapeutics announced a strategic commercial manufacturing agreement. The agreement was aimed at the supply of DaxibotulinumtoxinA for Injection.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Application
· By Type
· By End-User
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape– Ipsen Pharma, Revance Therapeutics Inc., and AbbVie Inc. (Allergan plc), among others.
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Global Botulinum Toxin Injection Market Report Segment
By Application
• Therapeutics
o Chronic Migraine
o Spasticity
o Overactive Bladder
o Cervical Dystonia
o Blepharospasm
o Others
• Aesthetics
By Type
• Botulinum Toxin Type A
• Botulinum Toxin Type B
By End-User
• Specialty & Dermatology Clinics
• Hospitals & Clinics
• Others
Global Botulinum Toxin Injection Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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