Botulinum Toxin Market
Global Market Study on Botulinum Toxin: Growing Number of FDA Approvals for New Indications to Place Market Revenue on a Steady Growth Path
Botulinum Toxin Market Segmented By Crow’s Feet, Forehead Lines, Frown Lines/Galbellar, Square Jaw Masseter as Cosmetic Applications and Chronic Migraine, Muscle Spasm, Over Reactive Bladder, Hyperhydrosis as Therapeutic Applications
Fewer alternative treatment options for certain therapeutic applications necessitate the use of botulinum toxin
Some of the therapeutic indications such as over reactive bladder and muscle spasticity have very few alternative treatment options and these are confined to either surgery or drugs management. Also, certain indications like chronic migraine can be effectively treated with botulinum toxin with the effect lasting for close to nine months.
There has been a steady increase in the number of non-surgical cosmetic procedures to treat various conditions. Being non-invasive in nature, botulinum toxin is widely preferred as an effective mode of treatment across various therapeutic indications.
Easy and frequent approvals of botulinum toxin products is further widening the scope of application of botulinum toxin. The following approvals have been recorded recently:
- FDA approval for Dysport to treat upper limb spasticity in adults and lower limb spasticity in adults and children
- FDA approval for OnabotulinumtoxinA as a treatment for temporary improvement in the appearance of moderate to severe forehead lines associated with frontal muscle activities in adults
These diverse applications of botulinum toxin is leading to a surge in demand from hospitals and clinics and is expected to augment revenue growth of the global botulinum toxin market.
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- Allergan Plc
- Daewoong Pharmaceuticals Co.Ltd.
- HUGEL Pharma
- Ipsen Group
- Medy-Tox Inc
- Merz Pharma GmbH & Co. KGaA
- U.S. WorldMeds
- Hugh Source (International) Ltd.
Lucrative opportunities in applicability exist for manufacturers of botulinum toxin; regulatory approvals could make all the difference to growth of the market in the long run
Botulinum toxin is used in both cosmetic and therapeutic applications, and the recent trend in the healthcare industry is the adoption of combination therapy. Medical practitioners are incorporating botulinum toxin with other drugs and treatment options in various procedures to provide long-lasting effects.
For instance, botulinum toxin combined with aluminum chloride hexahydrate antiperspirant creates a better response to the treatment in hyperhidrosis patients. Likewise, the use of botulinum toxin with dermal fillers has been observed to provide a smoother appearance and longer effect in cosmetic procedures.
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Therapeutic applications of botulinum toxin to score over cosmetic applications, paving the way for further innovation in the scope of application
While botulinum toxin is thought to be largely used to treat cosmetic conditions, the therapeutic applications outnumber the cosmetic applications. Botulinum toxin is an effective treatment option for chronic cases of migraine, muscle spasm, over reactive bladder, and hyperhidrosis.
Besides these, botulinum toxin has been found to be extremely effective in alleviating chronic cases of pelvic pain in women suffering from endometriosis. Studies indicate that patients injected with botulinum toxin were able to stay pain free for up to 11 months.
Botulinum toxin is also widely used in the treatment of cosmetic applications such as Crow's Feet, Forehead Lines, Frown Lines/Galbellar, Square Jaw/Masseter, and others. However, the market for therapeutic applications is likely to witness rapid growth, with the demand for botulinum toxin to treat muscle spasm expected to surge exponentially in the coming years.
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Botulinum toxin found to be effective in treating invasive infections like Necrotizing Fasciitis
Necrotizing Fasciitis is a rare form of deadly disease that eats into human flesh and could be harmful to human life if not diagnosed at the right time and treated immediately. Caused by a number of bacterial strains, this skin infection spreads quickly through the body and diminishes the body’s ability to effectively fight infection.
New research indicates that administering botulinum toxin to patients suffering from Necrotizing Fasciitis helps block nerve signals and controls the spread of the infection. The role of botulinum toxin in treating chronic infections is part of new research and innovation studies and this is anticipated to augment market revenue growth in the near future.
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