The Neurotoxin Global Market Report 2023, provides comprehensive information on the neurotoxin market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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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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Innovative facial aesthetic products are a key trend gaining popularity in the neurotoxins market. 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.
The neurotoxin market is segmented:
1) By Product Type: Botox, Dysport, Xeomin, Other Products
2) By Application: Therapeutic, Aesthetic
3) By End User: Hospitals, Specialty Clinics, Dermatology Clinics, Other End Users
North America was the largest region in the neurotoxin market in 2022.
The table of contents in TBRC’s neurotoxin market report includes:
- Executive Summary
- Neurotoxin Market Characteristics
- Neurotoxin Market Trends And Strategies
- Neurotoxin Market – Macro Economic Scenario
- Neurotoxin Market Segmentation
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- Global Neurotoxin Market Competitive Benchmarking
- Global Neurotoxin Market Competitive Dashboard
- Key Mergers And Acquisitions In The Neurotoxin Market
- Neurotoxin Market Future Outlook and Potential Analysis
- Appendix
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