Transparency Market Research in its new report titled, “Botulinum Toxin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026,” provides key insights on the botulinum toxin market. The new report anticipates that the adoption of new non-surgical aesthetic procedures and rise in global geriatric population will drive the botulinum toxin market during the forecast period i.e, 2018-2026. The global botulinum toxin market is expanding at a high pace owing to the increase in prevalence of cervical dystonia and upper limb and lower limb spasticity, says the report.
The TMR report anticipates that the growing incidences of glabellar lines, face and forehead wrinkles, and crow’s foot and consistent worldwide rise in cases of migraine are driving the market significantly and will continue do so during the forecast period. Also, increasing number of skilled professionals performing non-surgical botulinum toxin procedures, favorable government regulations regarding the commercial usage of botulinum toxins, and advantages of faster onset of action of botulinum toxin procedure over traditional cosmetic procedure are fueling the botulinum toxin market.
The report has segregated the botulinum toxin market into product type, application, and region. In terms of product type, the report has split the global botulinum toxin market into botulinum toxin type A and botulinum toxin type B. In accordance with application, the market is bifurcated into aesthetic and therapeutics, which are the primary application areas of the market. Each of the segments has been analyzed in detail in terms of market trends, recent developments, drivers, restraints, opportunities, and useful insights.
Based on region, the TMR report has divided the global botulinum toxin market into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been further sub-segmented into major countries and sub-regions. The current and future market size, in terms of value, of the botulinum toxin market at the regional and country level has been provided in the report for the period of 2016 to 2026, along with their growth rate in percentage for the period of 2018 to 2026. The report also provides useful insights of the market, expected to help new companies willing to enter the market and existing companies seeking to increase their market share.
Some of the major companies operating in the global botulinum toxin market are in terms of attributes, such as, company overview, financial overview, product portfolio, business strategies, recent developments, and SWOT (strength, weakness, opportunity, and threat) analysis are included in this report to give a better competitive analysis. Prominent companies mentioned in the report are Allergan, Inc., Ipsen Group, Merz Pharma GmbH & Co. KGaA, Medytox, Inc., US Worldmed, LLC, Galderma, Metabiologics, Inc. (US), Lanzhou Institute of Biological Products Co. Ltd., and Revance Therapeutics, Inc.
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