UK Botulinum Toxin Market Growth Is Attributed To The Increased Use In The Therapeutic Segment

According to Precision Business Insights (PBI), in the latest report uk botulinum toxin market was valued at USD 127.1 million in 2022, growing at an 14.4% CAGR during the forecast period 2023 to 2029. The changing preference of people for quick, painless ways to seem young and healthy without having to deal with the issues related to invasive cosmetic procedures drives the market. According to a 2022 audit by the British Association of Aesthetic Plastic Surgeons (BAAPs, 6,639 Botox treatments were performed by members overall UK, a 124% increase on the previous year. Furthermore, increased R&D Initiatives for the expansion of therapeutic and aesthetic applications lead to the rise in demand for these products amongst individuals, thus propelling the market's growth. Moreover, the surge in patient desire for dermatological clinics for cosmetic procedures and the cutting-edge facilities to improve patients' aesthetic appearance are anticipated to raise demand for dermatology clinics that undertake minimally invasive procedures.

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The uk botulinum toxin market is segmented based on application, product, end-user, and country.
Based on the application, the market is segmented into the following:
• Aesthetic
• Therapeutic Chronic Migraine

Based on the product, the market is segmented into the following:
• Botulinum Toxin Type A
• Botulinum Toxin Type B

Based on the End-User, the market is segmented into the following:
• Hospitals
• Specialty and Dermatology Clinics
• Others

Therapeutic Segment is Dominating the UK Botulinum Toxin Market
Based on the application, the therapeutic segment is anticipated to show a significant growth rate over the forecasting period due to increased awareness among the patients coupled with available of state-of-art facilities across the UK. Botox treatments are used to treat a variety of therapeutic and preventive illnesses, including chronic migraines, hyperhidrosis, overactive bladders, and others. According to the UK's "State of the Migraine Nation Project," it is estimated that around 10 million adults in the UK are affected (between 15% and 23% of the adult population). As a result of the high frequency of migraines, the demand for botulinum toxins is predicted to rise, leading to market expansion.

Surge in Procedures is Expected to Drive the UK Botulinum Toxin Market
The market is expected to grow at an 14.4% CAGR over the forecast years. According to The British Association of Aesthetic Plastic Surgeons (BAAPS), in 2019, 7,749 women underwent breast augmentation and 383 browlifts in Britain and contributed to England's Botulinum Toxin Market. Due to the rising incidence and prevalence of chronic diseases as well as the rising number of people who are conscious of their physical appearance, these procedures are becoming more and more popular throughout UK.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
UK Botulinum Toxin Market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In July 2023, Merz Therapeutics, a business of the Merz Group and a leader in the field of neurotoxins, received approval from the Medicines and Healthcare Products Regulatory Agency (MHRA) in the United Kingdom (UK) for the use of XEOMIN® for the treatment of focal spasticity of the lower limb affecting the ankle joint. In March 2020, Allergan, an AbbVie company received a license update for Botox (botulinum toxin type A) in the UK by UK's Medicines and Healthcare Products Regulatory Agency (MHRA) clarifying that appropriately trained and qualified healthcare professionals, including specialist nurses and physiotherapists, are able to administer the product to patients.

Key players' profiles in the uk botulinum toxin market report are Abbvie Inc (Allergan Plc), Merz Pharma, and Galderma.

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