Botulinum toxin is delivered by a naturally happening bacteria called Clostridium botulinum. This bacteria is found in marine silt and soil and can deliver harmful neurotoxin botulinum toxin. Botulinum toxin is a ‘blocking agent’ which inhibits the release of certain neurotransmitters, specifically acetylcholine, from the endings of the engine nerves. There are around 8 types of botulinum toxin, from type A to H. Botulinum toxin type A and B are majorly utilized in surface-level methodology in order to treat various facial conditions, its commercially marketed under the brand name Botox. Botulinum toxin type A and B are also utilized in medical applications for the treatment of various diseases, for example, dystonia, chronic migraines, and spasticity.
𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗧𝗶𝗺𝗲 𝗢𝗳𝗳𝗲𝗿!
𝗕𝘂𝘆 𝗡𝗼𝘄 𝗧𝗼 𝗔𝘃𝗮𝗶𝗹 𝗙𝗹𝗮𝘁 𝟯𝟬% 𝗢𝗙𝗙
Botulinum Toxin Market: Drivers
Continuous acceptance of botox products for various indications is relied upon to drive the development of the Botulinum toxin market. For instance, in 2016, Ipsen S.A. got the U.S. Food and Drug Administration (FDA) approval for its Dysport (abobotulinumtoxinA) infusion indicated for the treatment of pediatric lower limb (PLL) spasticity in children of age two years and more. In 2017, the company got the FDA approval for the same product to use in adults. In 2017, Allergan plc. got FDA approval for BOTOX Cosmetic (OnabotulinumtoxinA) for a new indication in forehead lines, and already the product has been approved for the treatment of, glabellar lines and crow’s feet lines. With this approval, the company has expanded the indication of its product in the temporary improvement in the appearance of moderate to extreme forehead lines, which is related to frontalis muscle activity in adults. In 2014, Allergan Inc. got approval for its BOTOX (Botulinum toxin type A) from the Medicines and Healthcare Products Regulatory Agency (MHRA) in U.K. BOTOX was approved in the U.K. for the treatment of ankle disability because of spasticity in the lower limb, which results from a stroke in adults. In 2016, Daewoong Pharmaceutical Co., Ltd got approval for its botulinum toxin Nabota in Mexico and India. Nabota was presented by Daewoong Pharmaceutical Co., Ltd in South Korea in 2014. In 2015, Merz North America, the U.S. subsidiary of the global Merz Pharma Group, got U.S. FDA approval for Xeomin (incobotulinumtoxinA) indicated for the treatment of upper limb spasticity (ULS) in adult patients. Moreover, the increasing pattern of botulinum toxin in surface-level techniques is also expected to increase the development of the botulinum toxin market. For instance, according to a report published by the American Society of Plastic Surgeons in 2016, around 7,056,255 corrective minimally-invasive strategies were performed with Botulinum toxin Type A (Botox, Dysport, and Xeomin), there was an increase of 4% in methodology as compared to 2015. The increasing number of systems with botulinum toxin along with increasing approved indication is relied upon to drive the development of the global botulinum toxin market.
North America is relied upon to stand firm on a dominant foothold in the global botulinum toxin market, attributable to the increasing pattern of restorative systems in the area. For instance, according to a report published by the American Society of Plastic Surgeons in 2016, around US$ 16.4 billion was spent on surface-level systems in the U.S. and in 2017, around 7.2 million botulinum infusions were utilized in the U.S. for restorative techniques. The increasing number of restorative techniques in the vital locale of North America is relied upon to drive the development of the botulinum toxin market. Besides, Asia Pacific is relied upon to show rapid development in the botulinum toxin market, inferable from increasing R&D and approval of novel products in China. For instance, in January 2018, Daewoong Pharmaceutical Co. Ltd., a Korean company, got approval from the Chinese authorities to direct clinical trials for botulinum toxin Nabota in China.
Key manufacturers operating in the global botulinum toxin market incorporate Daewoong Pharmaceutical Co., Ltd., Revance Therapeutics, Inc., Lanzhou Institute of Biological Products Co. Ltd., US Worldmed, LLC, Merz GmbH and Co. KGaA, Medytox Inc., Allergan Plc., and Ipsen group.
Major players in the market are engaged with strategic collaborations to foster new products. For instance, in February 2018, Mylan N.V. and Revance Therapeutics, Inc. went through strategic collaboration and permit agreement for the turn of events and commercialization of a proposed biosimilar to BOTOX (onabotulinumtoxinA). Moreover, vital participants are zeroing in on getting approvals of its product in the key market to expand their essence in the global market. For instance, in February 2018, Medytox Inc. recorded another medication application with CFDA for its Meditoxin in China.
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Major Players Are: Ipsen group, Allergan Plc., Medytox Inc., Merz GmbH and Co. KGaA, US Worldmed, LLC, Lanzhou Institute of Biological Products Co. Ltd., Revance Therapeutics, Inc., and Daewoong Pharmaceutical Co., Ltd
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Botulinum Toxin Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Botulinum Toxin Industry Impact
Chapter 2 Global Botulinum Toxin Competition by Types, Applications, and Top Regions and Countries
2.1 Global Botulinum Toxin (Volume and Value) by Type
2.3 Global Botulinum Toxin (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Botulinum Toxin Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Botulinum Toxin Market Analysis
Chapter 6 East Asia Botulinum Toxin Market Analysis
Chapter 7 Europe Botulinum Toxin Market Analysis
Chapter 8 South Asia Botulinum Toxin Market Analysis
Chapter 9 Southeast Asia Botulinum Toxin Market Analysis
Chapter 10 Middle East Botulinum Toxin Market Analysis
Chapter 11 Africa Botulinum Toxin Market Analysis
Chapter 12 Oceania Botulinum Toxin Market Analysis
Chapter 13 South America Botulinum Toxin Market Analysis
Chapter 14 Company Profiles and Key Figures in Botulinum Toxin Business
Chapter 15 Global Botulinum Toxin Market Forecast (2022-2028)
Chapter 16 Conclusions
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