Botulinum Toxin Market Recent Developments & Emerging Trends To 2018–2026

XploreMR provides a critical assessment of the performance of emerging and mature markets in a new publication titled “Global Market Study on Botulinum Toxin: Growing Number of FDA Approvals for New Indications to Place Market Revenue on a Steady Growth Path”

This XploreMR report examines the global botulinum toxin market for the period 2018–2026. The primary objective of the report is to offer insights into market opportunities for botulinum toxin and key developments in the botulinum toxin market. The market for botulinum toxin is primarily driven by expanding applications, approvals of new therapies and approvals in emerging markets. However, counterfeit products remain to be the biggest challenge in the market.

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Market Segmentation

  • Product Types
    • Type A
    • Type B
  • Applications
    • Cosmetic Applications
      • Crow’s Feet
      • Forehead Lines
      • Frown Lines/Galbellar
      • Square Jaw Masseter
      • Others
    • Therapeutic Applications
      • Chronic Migraine
      • Muscle Spasm
      • Over Reactive Bladder
      • Hyperhydrosis
      • Others
    • End Users
      • Hospitals
      • Specialty Clinics
      • Spas & Beauty Clinics
    • Regions
      • North America
      • Latin America
      • Europe
      • China
      • Asia Pacific excluding China
      • Middle East and Africa (MEA)

The report analyses the global botulinum toxin market in terms of value (US$ Mn). The report begins with the market definition and an explanation of the different product types, applications and end users. The market view point section includes an analysis of key trends, drivers, opportunities, trends and macro factors influencing the global market. The report also presents an analysis of the different regional markets by product, application, end user and country. Representative market participants section gives a list of companies operating in every region, the prevalent competitive landscape and intensity map of key players’ presence in each region.

Research Methodology

To arrive at the market size, we have used our in-house procedure volume model, market share and market structure model to estimate botulinum toxin market size. We have adopted the bottom-up approach to forecast the market size of botulinum toxin globally. The following parameters have been used to estimate the market size for the base year 2017:

  • Country level data for botulinum toxin cosmetic procedures
  • Average number of units of botulinum toxin required per procedure
  • Average cost of botulinum toxin

Weighted average selling price is considered to estimate the market size of botulinum toxin mentioned in the scope of the study. The country price is captured with the local currency and then converted to USD to offer forecasts in a consistent currency standard. Furthermore, we have considered the latest annual exchange rate to reflect the impact of the most recent economic conditions of each assessed country. Prices considered in the models are standardized based on the average dosage recommended per procedure.

The forecast presented in the report provides total revenue of currently approved botulinum toxin products over 2018–2026. In addition, we have taken into consideration the year-on-year growth to understand the predictability of the market and to identify the right growth opportunities in the global market.

Animal Model Market Regional Landscape, Production, Sales & Consumption 2017 – 2026

XploreMR provides a critical assessment of the performance of emerging and mature markets in a new publication titled “Animal Model Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2026)”

Animals on whom pathological and biological studies are performed and tested are referred to as animal models. Animal models are utilized on the back of their functional resemblance to human bodies. Various guidelines have been offered that have to be followed when animal models are used for experiments.

Government Intervention in Research Institutions is rising for Developing Standard Protocols related to Animal Models

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Essential requirement for animal research for achieving progress in healthcare and medical science is well proven, which in turn has gained support from researchers. Rapid advancements in novel technologies have made animal models easy and constructive.

Significant incidence rate of diseases, along with adverse effects of drugs have driven the adoption of animal models for ensuring the safety of humans. In addition, increasing government intervention in research institutes for the development of standard protocols associated with animal models will fuel expansion of the market.

Researchers utilize animal models for basic research such as developing new therapeutic strategies to treat human diseases, for drug discovery which includes target identification & validation, drug screening & lead optimization, and toxicity & safety screening, and in preclinical analyses of drug safety & efficacy.
global animal model market

Although animal models have been deemed less effective for human disease research, where only 5% of drugs derived are suitable for humans, the market for animal models is huge. Majority of animals used as models are bred for research purposes, albeit they are obtained from various other sources. For instance, surplus dogs from Austria used in the greyhound racing industry are being used in research labs.

However there is a rising concern for animal welfare, which in turn has compelled research organizations to seek measures for reducing number of vertebrate animals in research. Additionally, there is surging requirement for organizations and researchers to encourage open engagement with policy makers and the public regarding promotion of animal research’s value and discussion about animal welfare issues.

Global animal models market has been estimated by XploreMR’ new report to exhibit an impressive expansion over the forecast period (2017-2026). Revenues from the market are estimated to exceed US$ 2,000 Mn by 2026-end.

North America to Remain Most Lucrative Market for Animal Model

Significant investments are being made in animal model research in North America, along with relevant policies being reformed by the government to spur the funding plans related to animal model research.

Several leading players in North America are expected to make huge investments in biogenic researches in the near future. North America will continue to be the most lucrative market for animal model. Asia-Pacific and Europe are also expected to be lucrative for expansion of animal model market.

Rats are anticipated to remain the dominant species used in animal models, with revenues projected to account for more than one-third market share during the forecast period. Mice will continue to be the second most lucrative species used in animal models. Revenues from use of dogs and pigs as animal models will account for nearly equal market share by 2026-end

Important Aspects of Information Technology Act/ Cyber Law

Cyberlaw is the law which helps to stop the offences arising from the computer, mobile, internet and other information technology things. However, the term cyber law has not defined anywhere in the Law. The Indian government has enacted the Information Technology Act,2000 to prevent cybercrime. Further, it is amended in 2008. However, Information Technology Act covers all types of offences which has related to the computer and internet. Besides, IT Act has also provided punishment to the offenders. (Important Aspects of Information Technology Act/ Cyber Law).

In addition, the object of the Information Technology Act is to provide lawful acknowledgement for transactions carried out through electronic data exchange and other means of electronic communication. However, the Information Technology Act also applies if the offence committed outside of India by any person.

Nowadays, the expression cyber or cyberspace has derived to indicate all connected to computers, data, software, data storage devices, Internet, websites, data, emails, networks, ATMs, Bitcoin wallets, Biometric devices, Baby monitors, Cars, CCTV cameras, Drones, Gaming consoles, Health trackers, Medical devices, Power plants, Self-aiming rifles, Ships, Smart-watches, Smartphones & more.

However, offences with Facebook, Whatsapp, Instagram, TikTok app comes under the Information Technology Act. In addition, the offences relating to recent social media like Facebook, TikTok and Whatsapp has increased more nowadays. In other word, people are intentionally forward the offensive messages to provoke the others and disturb the peace.

Important features of The IT Act, 2000 are as follows −(Important Aspects of Information Technology Act/ Cyber Law)

In this paragraph, we will discuss the features of the IT Act:

Firstly, Digital signature has brought in operation and in exchange with an electronic signature. Which makes technology more user friendly.

Secondly, it provides offences, penalties for the violation of the law.

Thirdly, it has brought a new section that is cyber café to provide internet access to any person from anywhere.

Fourthly, the IT Act has the constitution of the Cyber Regulations Advisory Committee.

Fifthly, the Information Technology Act is based on IPC, The Indian Evidence Act, 1872, The Bankers’ Books Evidence Act, 1891, The Reserve Bank of India Act, 1934, etc. Above all, are the feature of IT Act.

Important Aspects of Information Technology Act/ Cyber Law

Bailable offences (Important Aspects of Information Technology Act/ Cyber Law)

However, the Offences under the Information Technology Act with punishment up to 3 years imprisonment shall treat as bailable. Moreover, the offences punishable with imprisonment of three years and above shall treat as cognizable offence.

Power to investigate offences.–

Moreover, notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974), a police officer not below the rank of Inspector shall investigate any offence under this Act.

Some important terms of the Information Technology Act (Important Aspects of Information Technology Act/ Cyber Law):

1. Asymmetric Crypto System

Asymmetric Crypto System means a system of a secure key pair, which involves a private key for generating a digital signature and a public key to check the digital signature.

2. Cybersecurity (Important Aspects of Information Technology Act/ Cyber Law)

Cybersecurity means protecting information and information stored in equipment, devices, computer resource etc. from unauthorised access, use, discloser, disruption, destruction or modification.

3. Digital Signature

The digital signature is the technique to authenticate the validity of a digital message or a document. A lawful digital signature offers the security to the receiver that the message was generated by a recognized sender, such that the sender can not repudiate having sent the message.

4. Certifying authorities

Certifying Authority means a person who has granted a licence to issue an electronic signature Certificate.

Appointment of Controller and other officers

The Central Government may elect a Controller of Certifying Authorities for this Act and also appoint such number of Deputy Controllers, Assistant Controllers, other officers and employees as it deems fit.

Functions of Controller

(a) handling supervision over the activities of the Certifying Authorities;
(b) certifying public keys of the Certifying Authorities; furthermore,
(c) setting down the measures to be maintained by the Certifying Authorities;
(d) defining the qualifications and experience which employees of the Certifying Authority should hold;
(e)in addition, defining the conditions subject to which the Certifying Authorities shall manage their business;
(f) further, defining the written, printed or visual materials and advertisements contents that may be shared or used in respect of an electronic signature Certificate and the public key;

(g) specify the form and content of an electronic signature Certificate and the key;

(h) stipulating the form and manner in which accounts shall be maintained by the Certifying Authorities;
(i) defining the terms and conditions subject to which auditors may be appointed and the remuneration to be paid to them;
(j) also, strengthening the institution of any electronic system by a Certifying Authority either individually or collectively with other Certifying Authorities and administration of such systems;
(k) in addition, stipulating the manner in which the Certifying Authorities shall conduct their dealings with the subscribers;
(l)further, settling any conflict of interests between the Certifying Authorities and the subscribers;
(m) in addition, setting down the duties of the Certifying Authorities;
(n)furthermore, preserving a database comprising the disclosure the record of each Certifying Authority which containing such particulars as may be specified by regulations, which shall be accessible to the public.

Different kinds of offences under the Information Technology Act. (Important Aspects of Information Technology Act/ Cyber Law)

1. Tampering with computer source documents-

When a person intentionally or deliberately hides, destroy or modify any computer source code which is used for the computer, computer programme, computer network or computer system, when that source code has need to keep and maintain by law for the time being in force. Punishment – imprisonment up to 3 years or fine up to 2 Lakhs or both.

2. Computer-related offence (Important Aspects of Information Technology Act/ Cyber Law):

Any act with dishonesty or fraudulently which are referred to in section 43. Punishment – up to three years or fine up to 5 Lakhs or both.

3. Sending offensive messages through communication service, etc.-

Whoever sends with the help of computer resource or communication device

    • the information which is wholly objectionable or which has impending character-the information which he recognises to be false use to cause a nuisance, inconvenience, obstruction, insult, danger, criminal intimidation, enmity, hatred with the help of computer resource or communication device.
    • any information sent through electronic mail or electronic mail message to cause trouble or annoyance or to mislead or cheat the addressee about the origin of such message. Punishment- up to three years or with fine.

4. Fraudulently receiving stolen computer resource or communication device-

Any person who fraudulently obtains or retains any stolen computer resource or communication device, which knowingly to be stolen computer resource or communication device. In that case, it amounts to the offence of fraudulently receiving stolen computer resource or communication device. Punishment – imprisonment up to three years or with fine up to rupees one lakh or with both.

5. Identity theft –

Any person who dishonestly or fraudulently make use of the electronic signature, password or any other sole identification feature of any other person. Punishment – Imprisonment up to three years and with fine up to rupees one lakh.

6. Cheating by personation by using computer resource-

However, any person who with the help of any communication device or computer resource cheats by personation. Punishment – Imprisonment up to three years and fine up to one lakh rupees.

7. Violation of privacy–

Whenever any person deliberately or knowingly takes image, record videotape, publishes or carries the image of a private area of any person without his or her permission, under circumstances violating the privacy of that person. Punishment – Imprisonment up to three years or with fine not more than two lakh rupees or with both.

8. Cyber terrorism (Important Aspects of Information Technology Act/ Cyber Law)

When any person with an aim to endanger the unity, integrity, security or sovereignty of India or to attack terror in the people or any section of the people by

(i) repudiating the access to any person authorised to access computer resource; or

(ii) attempting to enter or access a computer resource without permission or beyond authorised access; or

(iii) presenting or causing to introduce any computer contaminant

However, this offence consider as more serious kind of offence. Punishment – May extend to Imprisonment for life.

9. Transmitting or Publishing the offensive material in electronic form–

It contains publishes or spreads any material in the electronic forms which is the scandalous interest or if its impact is such as to lead to deprave and fraudulent persons who are likely, having regard to all relevant circumstances, to read, see or hear the matter included or incorporated in it. Punishment – Imprisonment up to three years and with fine up to five lakh rupees.

10. Transmitting or Publishing the material containing the sexually explicit act, etc., in electronic form –

It contains publishes or transmits or causes to be published or transmitted in the electronic form any object which includes a sexually explicit act or behaviour. Punishment – Imprisonment up to 5 years and with fine up to 10 lakh rupees.

11. Transmitting or Publishing of material representing children in the sexually explicit act, etc., in electronic form.

When a person –

publishes or transfer material which represents children involved in the sexually explicit act or conduct in electronic form.Or

generates digital pictures or text, collects, seeks, browses, downloads, advertises, promotes, exchanges or distributes material portraying children in an offensive or immoral or sexually explicit manner in any electronic form. Or

encourages, lures or provokes children to online relationship with one or more children for and on a sexually specific act or in a manner that may offend a reasonable adult on the computer resource. Or

promotes exploiting children online, or

records in any electronic form own exploitation or that of others concerning to sexually explicit act with children. Then, in that case, the person has committed the offence of Transmitting or Publishing the material containing the sexually explicit act. Punishment – Imprisonment of up to 5 years and with fine up to 10 lakh rupees

Conclusion (Important Aspects of Information Technology Act/ Cyber Law):

In conclusion, after the implementation of the Information Technology Act, 2000, India has become one of the few countries in the world that have a distinct law to deal with IT offences and issues. However, this has made unbelievable evolution in the arenas of e-commerce and internet communications. Moreover, which has in turn and resulted in progressive monetary development. Therefore, the Information Technology Act is important as it touches all aspects of transaction and activities conducted on the internet.