Global Botulinum Toxins Industry Market Report by 2026

Global Botulinum Toxins Industry Market Report by 2026

According to the report, the Botulinum Toxins market is expected to grow from USD 43,404 million in 2019 to USD 75,065 million by 2026, growing at a CAGR of 8.14% from 2019 to 2026.

• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026

Description:  

Botulinum Toxins market is expected to witness growth due to the rising demand for minimally invasive or non-invasive procedures. The global Botulinum Toxins market is estimated to be USD 43,404 million in 2019 and is expected to reach USD 75,065 million by 2026, with a CAGR of 8.14% during the forecast period.

Botulinum toxin (BTX) is a neurotoxic protein produced by the bacterium Clostridium botulinum and related species.It prevents the release of the neurotransmitter acetylcholine from axon endings at the neuromuscular junction and thus causes flaccid paralysis. Infection with the bacterium causes the disease botulism. The toxin is also used commercially in medicine, cosmetics and research.

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Competitive Insights

Key players in the Botulinum Toxins market cover Allergan, Inc., Ipsen Group, and Merz GmbH and Co. KGaA. Other players in the Botulinum Toxins market are Medytox, Inc., US Worldmed, LLC, Lanzhou Institute of Biological Products. Co.Ltd., Revance Therapeutics, Inc., and others.

Regional Insights

North American is the largest market at a share of 31.68%. The growing demand for this aesthetic appearance and the increase in disposable income drive the growth of the North American regional market. Asia-Pacific is currently leading Europe with a share of 31.24% and 26.37%. It is expected that the development of medical tourism and the increase of the elderly population will promote the development of the Asia-Pacific market.

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Type Insights

By product type, the Botulinum Toxins market is segmented into Botulinum Toxins A, Botulinum Toxins B, and Other.

Application Insights

Based on application, this market is divided into Cosmetic, Medical, and Research Use.

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Audience

l  Botulinum Toxins manufacturers

l  Raw material suppliers of Botulinum Toxins

l  Distributors and resellers of Botulinum Toxins

l  Botulinum Toxins industry associations

l  Product managers, Botulinum Toxins industry administrator, C-level executives of the industries

l  Market Research and consulting firms

l  Healthcare organizations

l  Research & Clinical Laboratories