Botox Market size and Forecast Report Value of US$ 7.8 Bn

  • The report is titled ‘Botox Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the botox market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. The botox market is expected to grow with significant rate in the near future.

    The global botox market in 2020 is estimated for more than US$ 4.4 Bn and expected to reach a value of US$ 7.8 Bn by 2028 with a significant CAGR of 7.5%.

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    Botox Introduction

    Over the past several years, a number of new soft tissue augmentation products, commonly called derma fillers have emerged into the global market for use in the treatment of the signs of aging. Cosmetic dermal filler procedures are increasingly becoming popular due to the advent of botulinum toxin, type A, for the treatment of expression lines, and signs of aging on the face. A recent survey conducted by the American Society for Aesthetic Plastic Surgery (ASAPS) showed that injection of botulinum toxin, type A, is the most common non-surgical procedure performed in the U.S. Botox is gaining importance in soft tissue fillers over the past several years.

    Botox Market Dynamics

    Aging face eventually loses subcutaneous volume over time, which results in an increase in lines and wrinkles of the skin. Botox plays an important function in correcting changes associated with aging and wrinkles primarily in the lower one-half of the face.

    The growing number of cosmetic surgery procedures is the primary factor driving the growth of the global Botox market. According to the American Society for Aesthetic Plastic Surgery (ASAPS), there has been a 48% increase in the number of dermal filler procedures performed in the U.S. during 2012 and 2015.

    In aesthetic medicine, the botulinum toxin is predominately used type A so far. Although some trials have been published for use of type-B botulinum toxin, and successful launch of this is expected to drive the growth of the market. Side effects and risks associated with the use of botulinum toxin are the important factors limiting the widespread use of these products.

    The global botox market is expected to increase at a significant CAGR over the forecast period owing to the growing number of FDA approvals and penetration of cosmetic and aesthetic procedures in emerging markets.

    Botox Market Regional Overview and Analysis

    On the basis of region, the global botox market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America botox market will continue to dominate the global market throughout the forecast period due to growing cosmetic industry. Europe is the second-largest market for botox with Germany, U.K, and France being the most prominent markets.

    MMC Overview on Botox Market Report

    The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

    A research report on the Botox market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support market and the factors that are acting as impedance for the growth of the market.

    Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

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    Botox Market Segmentation

    The global botox market is segmented on the basis of product type, distribution channels, and region. On the basis of product type, the global botox market is segmented into Vistabel/Vistabex, Xeomin, NeuroBloc, and Dysport. On the basis of the distribution channels, the global botox market can be segmented into hospital pharmacies, retail pharmacies, dermal clinics, and cosmetology & beauty clinics.

    By Product type

    •  Vistabel/Vistabex
    •  Xeomin
    •  NeuroBloc
    •  Dysport

    By End-User

    •  Hospital Pharmacies
    •  Retail Pharmacies
    •  Dermal Clinics
    •  Cosmetology & Beauty Clinics

    Botox Market Key Players

    The market for botox is dominated by a few global players accounting for a majority of the global market share. Some of the key players identified in the botox market are Allergan Inc., Galderma SA, Merz Pharma GmbH & Co. KGaA, Eisai Ltd., and others.

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