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