The global botulinum toxin market to grow at a CAGR of 8.16% during the period 2017-2021.
The report, Global Botulinum Toxin Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in market is growing importance of medical aesthetics. Medical aesthetics use minimally invasive cosmetic treatments to enhance individuals' physical appearances. In 2015, there were about 21 million aesthetic procedures performed globally. The demand for minimally invasive cosmetic procedures has led to increased growth in facial rejuvenation products. Baby boomers, especially in developing countries, consider aesthetic drugs a part of their routine health treatment to maintain a natural and healthy appearance. Individuals not only want to be fit and healthy but also want to minimize the visual effects of normal aging. Individuals are now requesting quick, non-invasive procedures with minimal recovery time and lesser risk. As a result, the needle is increasingly being replaced by the scalpel.
According to the report, one driver in market is rising demand for non-invasive solutions in cosmetology. Non-invasive procedures cause less pain and have lower incidences of complications post-surgery such as adhesions and wound dehiscence. This helps in speedy recovery. Data estimates suggest that there has been a growing interest in non-invasive aesthetic procedures in the US. In 2015, non-invasive aesthetic procedures were about 80% of the overall medical aesthetic procedures in the US. The growing acceptance toward cosmetic surgeries such as facelifts and liposuction is helping increase the overall aesthetic conscious population.