Triton’s research report on the Asia-Pacific botulinum toxin market infers that the market is set to advance at a CAGR of 10.88% during the 2023-2030 forecast period. India, China, Japan, Australia & New Zealand, South Korea, ASEAN countries, and Rest of Asia-Pacific are included in the region’s report.
The growing prevalence of migraine in India is expected to elevate the demand for novel therapies, including botulinum toxin. Other than this, as per estimates, around 70,000 botulinum toxin aesthetic procedures were carried out in 2019. This rise in cosmetic treatments is attributed to decreasing healthcare expenses and a growing preference for facial enhancements. These factors are thus expected to boost the expansion of the botulinum toxin market.
South Korea ranks as the eighth-largest global market for cosmetic procedures, boasting the highest number of procedures per person. According to the International Society of Aesthetic Plastic Surgery (ISAPS), the country’s cosmetic surgery sector comprises 2,000 plastic surgery clinics, generating an approximate revenue of around $10 billion. Noteworthy factors driving the studied market include an upsurge in medical tourism, heightened public awareness of cosmetic surgery, easy access to advanced products, a growing elderly population, and a prevalence of beauty-focused individuals. Competitive Outlook The well-known companies in the botulinum toxin market include Daewoong Pharmaceutical Co Ltd, Galderma SA, Lanzhou Institute of Biological Products Co Ltd, Ipsen Pharma, Hugel Inc, and Candela Medical Corporation.
1. Asia-pacific Botulinum Toxin Market - Summary
2. Industry Outlook
2.1. Impact Analysis On The Botulinum Toxin Market
2.1.1. Covid-19 Impact
2.2. Key Insights
2.2.1. Growing Demand For Non-invasive Cosmetic Procedures
2.2.2. Surge In Demand For Botulinum Toxin Among Millennials And Gen-z