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China Botulinum Toxin Market Forecast 2021-2026

KEY FINDINGS

The China botulinum toxin market is predicted to grow with a CAGR of 7.50% during the forecast period. Factors such as the transitioning consumption patterns resulting in increased expenditure on medical beauty, economic developments, the increasing prevalence of facial neuropathy, and the rising incidence of migraines are set to propel the market growth of the country. While the base year considered for the market study is 2020, the forecasting years are from 2021 to 2025.

MARKET INSIGHTS

According to the Global Burden of Study, 2017, more than 112 million individuals in China were estimated to suffer from headache disorders in 1990, which increased to 482.7 in 2017. As per a study published in 2018 by Lin et al., 9.1% of the adults in the country had a migraine. Besides, the population between 40 and 49 years was evaluated to have the highest incidence of migraine. Since botulinum toxin effectively reduces the frequency and severity of headaches in patients with chronic migraines, the demand for botulinum toxin is anticipated to rise in the upcoming years.

On the other hand, aligning with a 2018 study conducted by Jing Liu et al., botulinum toxin type A was safe and effective in terms of treating patients with idiopathic trigeminal neuralgia. Furthermore, the use of botulinum toxin in the nation increased for cosmetic and aesthetic purposes, as well. However, only two products from China's Lanzhou Biological Preparations Institute and the United States' Allergan passed the marketing clearance in the country. As a result, these factors are expected to fuel the China botulinum toxin market growth during the estimated period.

COMPETITIVE INSIGHTS

Leading companies operating in the market include IPSEN Pharma, Hugel Inc, Merz Pharma, etc.

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China Botulinum Toxin Market Forecast 2021-2026
Published By :Inkwood Research
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