The global Botox injections market is expected to reach USD 5.2 Billion in 2028 and is expected to register a steady revenue CAGR of 5.7% over the forecast period, according to latest report published by Reports and Data. Key factors driving global market revenue growth include increasing FDA approvals for Botox injections products, increasing focus on physical appearance among consumers, and rising demand for cosmetic surgeries.
Botox injections is a drug acquired from botulinum toxin produced by a bacterium, clostridium botulinum, and is one the most widely researched drug worldwide. Botox injections is predominantly used for reducing facial wrinkles and fine lines, crow’s feet, horizontal creases, improving hair growth, and for treating various medical conditions such as cervical dystonia, chronic migraine, and spasticity. Revenue growth of the global market is attributed to factors such as increasing demand for enhanced aesthetic appearance, effectiveness of Botox injections treatment for various chronic pain disorders, availability of latest cosmetic treatment facilities, and improving standard of living. Other factors such as increasing investments to develop enhanced products and treatments, entry of new companies, and ongoing research on treating necrotizing fasciitis with the treatment are expected to boost market growth during the forecast period.
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However, factors such as high cost of the procedures, requirement of repeated treatments, possible side effects such as headache, teary eyes, dry eyes, swellings, and lack of well-developed infrastructure in certain developing countries are factors that can restrain global market growth going ahead.
Some key highlights of the report:
- Among the product type, the botulinum toxin-A segment is expected to account for largest revenue share between 2021 and 2028 owing to rapid advancements in the field, high demand for botulinum toxin-A injection for treating cosmetic imperfections such as forehead creases, fine lines, and wrinkles, diseases such as hyperhidrosis, blepharospasm, and chronic migraine.
- Based on application, the cosmetics segment accounted for largest revenue share in 2020 and is expected to continue to contribute largest revenue share over the forecast period. Key factors such as growing emphasis on physical appearance among people, rising per capita income, high demand for Botox injections surgeries and treatment to improve hair growth, reduce facial wrinkles and fine lines, and increasing consumer awareness about various cosmetic procedures are fueling revenue growth of the segment.
- Among the gender type, the female segment is expected to account for largest revenue share during the forecast period owing to factors such as increasing demand for non-invasive surgeries to reduce aging features, improving standards of living, and high demand for skin rejuvenation and tightening.
- Based on end use, the dermatology clinics segment is expected to account significantly larger revenue share over the forecast period owing to factors such as increasing focus on aesthetics and personal appearance, rising demand for Botox injections treatment to reduce wrinkles, frown lines, wrinkles around eyes, and chin, and increasing awareness about modern cosmetic procedures.
- The market in Europe is expected to register steady revenue growth over the forecast period owing to factors such as higher number of individuals opting for the treatment, increasing prevalence of neurological diseases, high healthcare expenditure, and higher standards of living, rising health and beauty standards, and larger aging population.
- Asia Pacific is expected to register rapid revenue CAGR between 2021 and 2028 due to factors such as increasing focus on personal care and appearance, improving standards of living, increasing aging population, and high demand for minimally invasive surgeries. In addition, increasing healthcare spending, improving healthcare systems, entry of new players, and increasing investments in RD projects are factors supporting revenue growth of the market in Asia Pacific.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product service portfolio. The Botox injections market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in RD, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.
Leading companies operating in the market are:
Allergan, Merz Pharma, Medytox, Lanzhou Institute of Biological Products Co. Ltd., Hugel, Inc., Revance Therapeutics Inc., WorldMeds, LLC, Ipsen Group, Eisai Co., Ltd, Evolus, Inc. Pfizer Inc., AbbVie, Solta Medical, Syneron Candela, Galderma, and Lumenis
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Botox injections Market Segmentation:
Product Outlook (Revenue, USD Billion, 2018-2028)
- Botulinum Toxin A
- Botulinum Toxin B
Application Outlook (Revenue, USD Billion, 2018-2028)
- Medical
- Cosmetics
Gender Outlook (Revenue, USD Billion, 2018-2028)
- Male
- Female
Geographic Segment Covered in the Report:
The Botox injections report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
• North America (the USA and Canada)
• Europe (UK, Germany, France, and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• the Middle East and Africa (GCC and the rest of the Middle East and Africa)
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Key market aspects are illuminated in the report:
- Executive Summary: It covers a summary of the most vital studies, the Global Botox injections market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
- Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Botox injections market, the years measured, and the study points.
- Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.
- Manufacture by Region: This Global Botox injections report offers data on imports and exports, sales, production and key companies in all studied regional markets.
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