Global Botulinum Toxin Industry Analysis & Forecasts to 2023 - FDA Approval for New Indications Presents Lucrative Opportunities

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Dublin, Dec. 03, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.

The global botulinum toxin market has increased at a significant annual growth rate in 2018 as compared to the preceding year 2017 and projections are made that the market would rise in the next five years i.e. 2019-2023 tremendously.

On the basis of product, type the market is divided into Botox, Xeomin and Dysport. The market can be segmented on the basis of application as therapeutics and cosmetic/aesthetic, of which therapeutics govern the market.

The major growth drivers for the botulinum toxin market are an ageing population, escalating numbers of surgeons, upsurge in facial aesthetics procedures, the rising alternative of non-surgical procedures, increasing healthcare spending in emerging markets. Despite the market is governed by various growth drivers, there are certain challenges faced by the market such as potential health risk associated with botulinum toxin and botulinum toxins as bioterror threat.

FDA approval to Botulinum Toxin for new indications, rise in medical tourism, reduced safety concerns and simple and instant characteristic and scope of botulinum toxin in the treatment of Necrotizing Fasciitis are some of the latest trends existing in the market.

The competition in the global botulinum toxin market is stiff and dominated by big players like Allergan. Further, key players of the botulinum toxin market Ipsen and Revance are also profiled with their financial information and respective business strategies.

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Globe Newswire: 09:38 GMT Tuesday 3rd December 2019

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