Market Trends of Botulinum Toxin Industry
Glabellar Lines Segment is Expected to Hold Significant Share in the Market Over the Forecast Period
- The glabellar lines segment is expected to hold a significant market share over the forecast period. Botulinum toxin- A is the most preferred non-surgical treatment to improve the appearance of glabellar lines.
- The major factors leading to increased glabellar lines are natural aging, exposure to harsh sunlight, and mental stress. Such occurrences of glabellar lines are expected to contribute to the demand for botulinum toxin, thereby contributing to market growth.
- In addition, the proven efficiency of botulinum toxin in the treatment of glabellar lines is another factor expected to augment segment expansion over the study period. For instance, according to an article published by the Journal of Aesthetic Plastic Surgery in December 2022, multiple injections of abobotulinumtoxinA (botulinum toxin) demonstrated higher efficacy and safety in the treatment of glabellar lines in Chinese patients.
- Similarly, according to an article published by the International Open Access Journal of the American Society of Plastic Surgeons in March 2024, a precise treatment with botulinum toxin demonstrated enhanced outcomes in treating glabellar lines. Thus, the proven efficacy of botulinum toxin in the treatment of glabellar lines is expected to accelerate the adoption of botulin toxin to treat lines, which is projected to augment the segment's growth over the forecast period.
- The increased efforts from industry participants to develop potential candidates for treating glabellar lines are expected to impact the market positively. For instance, in November 2023, Galderma published positive results from its phase IIIb of RelabotulinumtoxinA trial for the treatment of glabellar lines. The results demonstrated the rapid and long-lasting effect of RelabotulinumtoxinA in the treatment of glabellar lines. Thus, such efforts from market participants are expected to augment segment expansion over the forecast period.
- Thus, factors such as the proven efficacy of botulinum toxin in the management of glabellar lines and increased efforts from market players to develop novel products are expected to contribute to the growth of the botulinum toxin market during the forecast period.
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North America is Expected to Hold Significant Market Share Over the Forecast Period
- North America is expected to register significant growth in the global market over the forecast period. The major factors, such as rising demand for aesthetic procedures, growing prevalence of dystonia and other muscle disorders, and increasing research and development activities for the therapeutic applications of botulinum toxin, are expected to contribute to the growth of the market over the forecast period in this region.
- The increasing demand for non-surgical aesthetic procedures and growing procedural volumes for botulin toxin injection in North America are projected to accelerate regional market growth over the study period. For instance, according to the 2022 report by the International Society of Aesthetic Plastic Surgery (ISAPS) published in September 2023, around 3,945,282 botulinum toxin procedures were performed in the United States in 2022, while around 345,939 procedures were performed in Mexico. Thus, the increasing procedural volumes of non-surgical botulinum toxin-based procedures in the region are further projected to boost regional market growth over the forecast period.
- Additionally, the increasing product launches and product approvals for cosmetic and non-cosmetic applications are expected to contribute to the growth of the market. For instance, in August 2023, the United States Food and Drug Administration (US FDA) approved the first therapeutic indication for DaxibotulinumtoxinA (DAXXIFY) injection for the management of cervical dystonia in adults.
- Also, in March 2022, Aquavit Pharmaceuticals Inc. submitted its investigation of a new drug for botulinum toxin (DTX-021) to the Food and Administration for approval. The DTX-021 is a botulinum toxin type A drug intended for the treatment of moderate to severe glabellar lines.
- Hence, factors such as rising demand for aesthetic procedures, the presence of major market players, and ongoing product approvals are expected to contribute to the growth of the market in this region.
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