The report is titled ‘Botox Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the botox market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. The botox market is expected to grow with significant rate in the near future.
The global botox market in 2020 is estimated for more than US$ 4.4 Bn and expected to reach a value of US$ 7.8 Bn by 2028 with a significant CAGR of 7.5%.
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Over the past several years, a number of new soft tissue augmentation products, commonly called derma fillers have emerged into the global market for use in the treatment of the signs of aging. Cosmetic dermal filler procedures are increasingly becoming popular due to the advent of botulinum toxin, type A, for the treatment of expression lines, and signs of aging on the face. A recent survey conducted by the American Society for Aesthetic Plastic Surgery (ASAPS) showed that injection of botulinum toxin, type A, is the most common non-surgical procedure performed in the U.S. Botox is gaining importance in soft tissue fillers over the past several years.
Botox Market Dynamics
Aging face eventually loses subcutaneous volume over time, which results in an increase in lines and wrinkles of the skin. Botox plays an important function in correcting changes associated with aging and wrinkles primarily in the lower one-half of the face.
The growing number of cosmetic surgery procedures is the primary factor driving the growth of the global Botox market. According to the American Society for Aesthetic Plastic Surgery (ASAPS), there has been a 48% increase in the number of dermal filler procedures performed in the U.S. during 2012 and 2015.
In aesthetic medicine, the botulinum toxin is predominately used type A so far. Although some trials have been published for use of type-B botulinum toxin, and successful launch of this is expected to drive the growth of the market. Side effects and risks associated with the use of botulinum toxin are the important factors limiting the widespread use of these products.
The global botox market is expected to increase at a significant CAGR over the forecast period owing to the growing number of FDA approvals and penetration of cosmetic and aesthetic procedures in emerging markets.
Botox Market Regional Overview and Analysis
On the basis of region, the global botox market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America botox market will continue to dominate the global market throughout the forecast period due to growing cosmetic industry. Europe is the second-largest market for botox with Germany, U.K, and France being the most prominent markets.
MMC Overview on Botox Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
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