Botulinum Toxin Market- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

 

Botulinum Toxin Market

A byproduct of naturally occurring Clostridium botulinum bacterium is botulinum toxin. This bacteria can create the dangerous neurotoxin botulinum toxin and is present in soil and marine sediments. A "blocking agent," botulinum toxin prevents the release of several neurotransmitters from the motor nerve terminals, particularly acetylcholine. Botulinum Toxin comes in around eight different varieties, ranging from type A to type H. Most commonly employed in cosmetic operations for the treatment of various face problems, botulinum toxin types A and B are marketed under the trade name Botox. Additionally, botulinum toxin types A and B are employed in medical settings to treat a variety of conditions, including dystonia, recurrent migraines, and spasticity.

The Botulinum Toxin Market is anticipated to develop in the near future as a result of frequent approvals of innovative botulinum toxin products for various indications. For instance, the Dysport (abobotulinumtoxinA) injectable by Ipsen S.A. was given FDA approval in 2016 and is approved for the treatment of paediatric lower limb (PLL) spasticity in children two years of age and older. The FDA granted the business permission to market the same medicine to adults in 2017. BOTOX Cosmetic (OnabotulinumtoxinA) from Allergan plc got FDA clearance in 2017 for a new application in forehead wrinkles. The medicine was previously approved for the treatment of crow's feet lines and glabellar lines.

With this certification, the manufacturer has broadened the use of its medication to temporarily reduce the appearance of moderate to severe forehead wrinkles in adults that are caused by frontalis muscle activity. BOTOX (Botulinum toxin type A) was given the go-ahead by the U.K.'s Medicines and Healthcare Products Regulatory Agency (MHRA) in 2014. In the UK, BOTOX has been licenced for the treatment of adult stroke-related lower limb spasticity-related ankle impairment. In Mexico and India, Daewoong Pharmaceutical Co., Ltd.'s botulinum toxin Nabota was authorised in 2016.

Botulinum Toxin Market Applications-

 

·        Cosmetics

·        Dystonia

·        Chronic Migraines

·        Spasticity

Additionally, the Botulinum Toxin Market is anticipated to develop in the near future due to the growing trend of using the toxin in cosmetic operations. For instance, a report from the American Society of Plastic Surgeons states that in 2016, there were about 7,056,255 cosmetic minimally invasive operations using Botulinum toxin Type A (Botox, Dysport, and Xeomin), an increase of 4% from 2015. The global Botulinum Toxin Market is anticipated to rise as more procedures using the toxin and more approved indications are performed.

Top Companies Involved are- Ipsen group, Allergan Plc., Medytox Inc., Merz GmbH and Co. KGaA, US Worldmed, LLC, Lanzhou Institute of Biological Products Co. Ltd., Revance Therapeutics, Inc., and Daewoong Pharmaceutical Co., Ltd.

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