Neurotoxin is widely used as a therapeutic substance or an agent to treat various conditions. It is widely used for facial aesthetic and treating muscular movements and others. The internalization and cytosolic delivery of proteolytic enzymes property of neurotoxin that helps in slicing proteins integral to the exocytosis of neurotransmitters allow in treating medical conditions. The growth of the market is primarily driven by a few key drivers, such as surge in cosmetic procedures to improve appearance and emergence of innovative facial aesthetic products. However, improper/inappropriate injection techniques are hindering the growth of market during the forecast period.
The neurotoxin market is segmented on the basis of products type, application, end user, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, Middle East, Africa, and South & Central America. The report offers insights and in-depth analysis of the market, emphasizing parameters such as market trends, technological advancements, and market dynamics, along with the competitive landscape analysis of the leading market players across the world.
Structural changes affecting the skin, muscles, ligaments, fat, and bone get noticeable on an individual’s face due to decrease in cellular functions with aging. The inevitable physiological process of aging is generally not conceived positively by many, which, in turn, urges them to indulge in cosmetic rejuvenation procedures to remain youthful visually. Botulinum toxin (BOTA)—which is naturally produced by Clostridium botulinum—is the most popular neurotoxin used in cosmetic procedures globally. The American Society of Plastic Surgery reveals that over 7.4 million BOTA type A injections were administered in 2019, proving to be the most recommended minimally invasive cosmetic procedure globally.
The below case study further illustrates the use of BOTA in improving the appearance:
The BOTA selection to treat the aforementioned case involved Abobotulinum A (ABO; Dysport/Ipsen Limited, Slough Berkshire, UK) containing 500 European units. Following the manufacturer’s recommended ratio of 2.5 ml saline solution to 500 units botulinum toxin was administered, the reconstitution was carried out.
BOTA has thus been proven effective in repositioning eyebrows and facial rejuvenating the upper third of the face. Therefore, the rising popularity of cosmetic procedures involving neurotoxins to reduce facial wrinkles while ensuring safety, effectivity, and efficiency is catalyzing the market for neurotoxins.
Based on application, the global neurotoxin market is segmented into therapeutic and aesthetic. The therapeutic segment held a larger market share in 2022. The aesthetic segment is anticipated to register a higher CAGR during the forecast period. Neurotoxin has wide medical conditions to treat medical conditions such as chronic migraine, adult spasticity, pediatric spasticity, and others. The aforementioned clinical indications can be treated with neurotoxins temporarily in patients. For migraine conditions, BOTOX onabotulinumtoxin A is a prescription medication injected into the muscle with clinical effects such as preventing headaches among adults with chronic migraine. Additionally, for adult spasticity, BOTOX (onabotulinumtoxinA) is a prescription medicine injected into the muscles and used to treat increased muscle stiffness in people aged 2 years and older suffering from spasticity. Such clinical effects offered by the botox injection to treat chronic migraine and other clinical effects are responsible for significant segmental growth, thereby dominating the overall neurotoxin market growth during 2022-2028.
Companies are investing in the development of new and innovative products to secure good return on investment (ROI) by launching new products. Additionally, the product approval by regulatory authorities confirms the assurance of products results. Recently, various market players have launched effective neurotoxins and adopted acquisition strategy. A few strategies by market players are listed below:
These recent developments were made to enhance the beauty of individuals across the world. Also, the therapeutic applications have enabled to cure the medical disorders. Thus, the enormous developments by the companies facilitates the growth of the neurotoxin market.
The regional trends and factors influencing the Neurotoxin Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Neurotoxin Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 6.62 Billion |
| Market Size by 2028 | US$ 13.2 Billion |
| Global CAGR (2022 - 2028) | 12.3% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Neurotoxin Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Neurotoxin Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The global neurotoxin market is segmented on the basis of products type, application, and end user. Based on products type, the market is divided into Botox, Dysport, Xeomin, and others. The Botox segment held the largest market share in 2022 and is anticipated to register the highest CAGR during the forecast period. Based on application, the global neurotoxin market is segmented into therapeutic and aesthetic. Based on end user, the market is segmented into hospitals, dermatology clinics, medical spas, and others.
Based on geography, the neurotoxin market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Poland, Russia, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East (the UAE, Saudi Arabia, South Africa, Israel, Lebanon, and the Rest of Middle East), and South & Central America (Brazil, Argentina, Venezuela, and the Rest of South & Central America).
The factors that are driving the growth of market are growth are surge in cosmetic procedures to improve appearance and emergence of innovative facial aesthetic products. However, improper/inappropriate injection technique is anticipated to hinder the growth of market during the forecast period.
Neurotoxin is widely used as a therapeutic substance or an agent to treat various conditions. It is widely used for facial aesthetic and treating muscular movements and others. The internalization and cytosolic delivery of proteolytic enzymes property of neurotoxin that helps in slicing proteins integral to the exocytosis of neurotransmitters allow in treating medical conditions.
The neurotoxin market is analyzed in the basis of product type, application, and end use. Based on product type, is segmented into Botox, Dysport, Xemoin, and others. The Botox segment held the largest share of the neurotoxin market size, and it is anticipated to register the highest CAGR.
The neurotoxin market majorly consists of the players such as Merz Pharma GmbH & Co KGaA, AbbVie Inc, Revance Therapeutics Inc, Ipsen SA, Medytox Inc, Evolus Inc, Hugel Inc, Lanzhou Institute of Biological Products Co Ltd, Gufic, and Metabiologics, Inc.