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Asia-Pacific Botulinum Toxin Market Forecast 2021-2028

KEY FINDINGS

The Asia-Pacific botulinum toxin market is forecasted to develop with a CAGR of 5.83% during the reviewed period of 2021 to 2028. The market growth of the region is ascribed to the population's increasing awareness and interest in cosmetic procedures, the surge in the aging population, and the growing purchasing power of the middle class, owing to swift economic advancements.

MARKET INSIGHTS

The Asia-Pacific botulinum toxin market growth assessment entails the in-depth analysis of Australia & New Zealand, Vietnam, China, Thailand, South Korea, Japan, India, Indonesia, and the rest of the Asia-Pacific. As per the International Society of Aesthetic Plastic Surgery (ISAPS), the cosmetic surgery market in South Korea comprises over 2,000 plastic surgery clinics, with an estimated total revenue of $10 billion. Moreover, South Korea has often made it to ISAP's top five countries in terms of the number of cosmetic procedures performed in the present decade. The nation recorded around 4,788,000 international patients across its plastic and cosmetic surgery departments in 2016, indicating a significant increase than the previous year.

On the other hand, Singapore is one of the key countries, accounting for the highest economic losses on account of migraines. According to a study conducted by the NUS Medical School Singapore in 2018, the total lifetime incidence of headaches in the nation was over 82%, out of which, migraines constituted 9.3%. This aspect has necessitated the demand for adequate migraine treatments, as well. Therefore, such factors play a crucial role in supplementing the botulinum market in the Asia-Pacific over the forecasting years.

COMPETITIVE INSIGHTS

Prominent companies operating in the market are Ipsen Pharma, Medytox, Allergan PLC, Hugel Inc, etc.

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Asia-Pacific Botulinum Toxin Market Forecast 2021-2028
Published By :Inkwood Research
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