Global Botulinum Toxin Market 2017-2021

Botulinum toxin industry analysis

According to Technavio’s analyst, the global botulinum toxin market is anticipated to grow at a steady rate and post a CAGR of more than 8% during the forecast period. The rising demand for non-invasive solutions in cosmetology will drive the growth prospects for the global botulinum toxin market until the end of 2021. Botulinum toxin, also known as BOTOX, and the dermal fillers are the most popular non-invasive aesthetic rejuvenation procedures.

Some of the major factors responsible for the growing preference for non-invasive procedures such as BOTOX treatment is its ability to cause less pain and lower incidences of complications post-surgery such as adhesions and wound dehiscence. Also, with the increasing number of overall aesthetic conscious population and their growing acceptance towards cosmetic surgeries such as facelifts and liposuction, the market will witness growth in the coming years.

Botulinum toxin market growth

The growing importance of medical aesthetics across the globe will drive the growth prospects for the global botulinum toxin market during the forecasted period. Some of the major factors responsible for the market's growth is the growing need for enhancing physical appearances, the demand for facial rejuvenation products, the availability of minimally invasive cosmetic procedures, and the need for minimizing the visual effects of normal aging.

Botulinum toxin market share as per the competitors

The global botulinum toxin market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that these vendors are increasingly competing against each other based on factors such as aggressive pricing and new indications.

Key vendors in the botulinum toxin market

• ALLERGAN
• Galderma
• Ipsen
• Merz Pharma
• Pfizer

Botulinum toxin market worth by drug categories

• Aesthetic drugs
• Therapeutic drugs

The aesthetic drugs segment is one of the fastest growing market segment and will continue to grow for the next four years. Some of the major factors responsible for the market segment's growth is the increasing demand for anti-aging treatments and the availability of key products for the treatment of facial wrinkles.

Botulinum toxin market forecast by geography

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. Some of the major factors responsible for the market's growth in the region is the approval for new indications and the inorganic growth strategies of vendors.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global botulinum toxin market?
• What are the key market trends impacting the growth of the global botulinum toxin market?
• What are the challenges to market growth?
• Who are the key vendors in the global botulinum toxin market?
• What are the market opportunities and threats faced by the vendors in the global botulinum toxin market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global botulinum toxin market?

Technavio also offers customization on reports based on specific client requirement.