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Neurotoxin Market Trends, Top Companies, Share, Growth And Forecast 2032
Neurotoxin Market
The Business Research Company's Neurotoxin Global Market Report 2023 identifies the surge in cosmetic procedures to improve the appearance as the major driver for the neurotoxin market's growth in the forecast period. Cosmetic procedures refer to a wide range of medical treatments or interventions performed with the primary goal of enhancing or altering a person's physical appearance. This shift has resulted from societal, technological, and cultural influences and awareness related to the advantages of cosmetic procedures. Neurotoxins are used in cosmetic procedures to relax specific muscles and reduce the appearance of wrinkles and fine lines.
The global neurotoxin market size is expected to grow from $6.13 billion in 2022 to $6.74 billion in 2023 at a compound annual growth rate (CAGR) of 9.86%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of neurotoxin market is expected to reach $9.98 billion in 2027 at a CAGR of 10.31%.
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Major competitors in the neurotoxin market are AbbVie Inc., Galderma Inc., Ipsen SA, Daewoong Pharmaceutical Co. Ltd., Supernus Pharmaceuticals, Merz Pharma GmbH & Co KGaA, Hugel Inc., Evolus Inc., Medytox Inc., Croma-Pharma GmbH, Revance Therapeutics Inc., US WorldMeds, Gufic Biosciences Ltd., Hironic Co. Ltd., Allergan, List Biological Laboratories, Lanzhou Institute of Biological Products Co. Ltd., Solstice Neurosciences.
A key trend in the neurotoxin market includes innovative facial aesthetic products. Companies operating in the neurotoxins market are innovating facial aesthetic products to sustain their position in the market. For instance, in January 2023, Evolus Inc. a US-based medical aesthetics company got approval from the Australian Therapeutic Goods Administration (TGA) for Nuceiva (prabotulinumtoxinA). Nuceiva (prabotulinumtoxinA) is a neurotoxin used for aesthetic purposes. It is used to temporarily improve the appearance of moderate glabellar lines in adult patients by blocking the nerve impulses of facial muscles, making them relax, and smoothing the wrinkles formed by facial expressions, squinting, and frowning.
Read More On The Global Neurotoxin Market Report Here:
https://www.thebusinessresearchcompany.com/report/neurotoxin-global-market-report
The neurotoxin market is segmented -
• By Product Type: Botox, Dysport, Xeomin, Other Products
• By Application: Therapeutic, Aesthetic
• By End User: Hospitals, Specialty Clinics, Dermatology Clinics, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.North America was the largest region in the neurotoxin market.
The Business Research Company's "Global Neurotoxin Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Neurotoxin Market Include:
1. Executive Summary
2. Neurotoxin Market Characteristics
3. Neurotoxin Market Trends And Strategies
4. Neurotoxin Market - Macro Economic Scenario
5. Global Neurotoxin Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Neurotoxin Market Competitive Benchmarking
33. Global Neurotoxin Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Neurotoxin Market
35. Neurotoxin Market Future Outlook and Potential Analysis
36. Appendix
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