Middle East And Africa Botulinum Toxin Market 2023-2030
Market Outlook
Triton Market Research’s report states that the botulinum toxin market in the Middle East and Africa is predicted to advance in value at a compound annual growth rate of 10.03% during the forecast years 2023-2030. Israel, South Africa, the UAE, Saudi Arabia, and Rest of Middle East & Africa are taken into consideration in the reviewed region.
Botox has emerged as the most favored aesthetic treatment, administered to the face for the purpose of minimizing the visibility of wrinkles in Israel. Estimates indicate around 290,000 individuals underwent Botox injections for cosmetic purposes in 2021. This count excludes those who received Botox injections to address diverse medical conditions such as persistent pain or allergy symptoms. The country presently hosts approximately 300 specialized doctors practicing plastic and aesthetic surgery. All these factors contribute to the botulinum toxin market’s growth across the country.
Furthermore, the growing purchasing power and preference for cosmetic treatments supplement the botulinum toxin market’s development in Saudi Arabia. The introduction of minimally invasive procedures has increased the treatment’s demand among middle-aged women for aesthetic purposes. Besides this, the consumer-driven investment value of cosmetic treatments plays a key role in the nation’s economic diversification. Competitive Outlook Some of the widely known companies in the botulinum toxin market include AbbVie Inc, Evolus Inc, Medytox Inc, Lanzhou Institute of Biological Products Co Ltd, and Daewoong Pharmaceutical Co Ltd.
1. Middle East And Africa 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