China Botulinum Toxin Type A Market Size, Share & Trends Analysis Report By Application (Upper Face, Mid Face, Lower Face, Body), By Gender (Female, Male), By Age (Below 30 Years, 31 to 59 Years, Over 60 Years), By End-use, And Segment Forecasts, 2024 - 2

China Botulinum Toxin Type A Market Size, Share & Trends Analysis Report By Application (Upper Face, Mid Face, Lower Face, Body), By Gender (Female, Male), By Age (Below 30 Years, 31 to 59 Years, Over 60 Years), By End-use, And Segment Forecasts, 2024 - 2030

China Botulinum Toxin Type A Market Growth & Trends

The China botulinum toxin type A market size is anticipated to reach USD 3.6 billion by 2030, registering a CAGR of 18.9% during the forecast period, according to a new report by Grand View Research, Inc. Key factors driving the country’s botulinum toxin market are increasing disposable income fueling spending on medical aesthetics, diverse demand channels across genders and age groups, and the development of consumer-centric treatment modalities. The introduction of newer players within the Chinese botulinum toxin type A market paradigm shifted the market share structure; before 2020, only two products had received approval from China’s National Medical Product Administration (NMPA).

However, post-2020, several established market players gained product approvals, while several others are in the pipeline. Such developments are expected to create lucrative opportunities in the market. The growing number of strategic initiatives in China is expected to impact the market positively. For instance, in July 2023, Shanghai Fosun Pharmaceutical Co., Ltd received approval from the NMPA for its RT002 product to treat moderate to severe glabellar lines in adults. Moreover, in October 2023, Sinclair, a subsidiary of Huadong Medicine Co., Ltd. & ATGC Co., Ltd, announced a strategic collaboration and licensing agreement through which Sinclair shall develop and commercialize ATGC’s BoNT-A, ATGC-110 for aesthetic and therapeutic indication.

China Botulinum Toxin Type A Market Report Highlights

• The upper face segment held the largest share of over 59.75% in 2023 and is anticipated to grow at the fastest CAGR over the forecast period owing to increasing demand for aesthetic treatments aimed at reducing wrinkles in areas, such as the forehead, glabella, and crow's feet
• The females segment held the largest share of 85.01% as women in China often experience early signs of aging and skin dullness, influenced by hormonal fluctuations, such as declining estrogen levels. However, the male segment is anticipated to grow at the fastest CAGR of 23.2% during the forecast period due to changing societal patterns, greater willingness to undertake aesthetic treatments, and media influence regarding signs of aging
• The 31 to 59 years age group segment held the largest share of over 64.1% in 2023. This age group is typically more concerned with signs of aging, such as wrinkles and fine lines, making botulinum toxin type A injections a popular choice for rejuvenating facial appearance
• The MedSpas segment held the largest share of over 43.4% in 2023. These facilities offer increased accessibility and convenience, which boosts the growth

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