Latin America Botulinum Toxin Market Size & Outlook
Latin America botulinum toxin market, 2018-2030 (US$M)
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Latin America botulinum toxin market highlights
- The Latin America botulinum toxin market generated a revenue of USD 1,307.0 million in 2023.
- The market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, type a was the largest revenue generating product in 2023.
- Type A is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,307.0 million |
| Market revenue in 2030 | USD 2,538.8 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Type a |
| Fastest growing segment | Type A |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Type A, Type B |
| Key market players worldwide | Ipsen SA, Merz Pharma, US WorldMeds, Galderma Group AG Registered Shares, Evolus Inc, Allergan, Metabiologics, Lanzhou Institute Of Biological Products |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.8% of the global botulinum toxin market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,199.8 million by 2030.
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Botulinum Toxin Market Scope
Botulinum Toxin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America botulinum toxin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to botulinum toxin market will help companies and investors design strategic landscapes.
Type a was the largest segment with a revenue share of 98.58% in 2023. Horizon Databook has segmented the Latin America botulinum toxin market based on type a, type b covering the revenue growth of each sub-segment from 2018 to 2030.
There has been significant growth in medical tourism, which is accelerating the development of the healthcare industry. Latin American region mainly includes Brazil, Argentina, Colombia, Chile, and Mexico.
The presence of untapped opportunities in developing countries, such as Mexico and Brazil, is also expected to propel the growth of the botulinum toxin injectable market in the region over the forecast period. Latin American countries are being preferred for medical tourism due to the availability of treatments at lower cost (30% to 70% discount) as compared to North America and Europe.
In addition, a stronger emphasis on physical beauty coupled with extensive acceptance of facial treatments has led to the high demand for botulinum treatment in the region, which is expected to propel the market growth over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America botulinum toxin market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America botulinum toxin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America botulinum toxin market size, by country, 2018-2030 (US$M)
Latin America Botulinum Toxin Market Outlook Share, 2023 & 2030 (US$M)
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