Mexico Botulinum Toxin Market Size & Outlook, 2023-2030
Mexico botulinum toxin market, 2018-2030 (US$M)
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Mexico botulinum toxin market highlights
- The Mexico botulinum toxin market generated a revenue of USD 309.4 million in 2023 and is expected to reach USD 621.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.5% 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.
Botulinum toxin market data book summary
| Market revenue in 2023 | USD 309.4 million |
| Market revenue in 2030 | USD 621.9 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Type a |
| Fastest growing segment | Type A |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 2.8% of the global botulinum toxin market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil botulinum toxin market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 742.9 million by 2030.
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Botulinum Toxin Market Scope
Botulinum Toxin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 98.9% in 2023. Horizon Databook has segmented the Mexico botulinum toxin market based on type a, type b covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is a booming medical tourism destination due to low cost of procedures, which are 70% to 80% cheaper than that in the U.S. The country has well-trained doctors, excellent medical centers, and modern equipment. Key market drivers of the noninvasive esthetic treatment market include increasing demand for esthetic treatments among millennials and the rapidly aging population.
A wide range of procedures is available at an affordable price, changing the preferences and purchasing decisions of consumers in Mexico. According to International Society of Aesthetic Plastic Surgery, in 2021, around 1,270,605 noninvasive esthetic treatment procedures were performed in Mexico, of which 266,928 were BoNT facial injectable treatments.
The rising participation of women, the growing popularity of beauty video blogs, and changing perception of men investing in cosmetics are among the factors leading to the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico botulinum toxin market , including forecasts for subscribers. This country databook contains high-level insights into Mexico botulinum toxin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico botulinum toxin market size, by product, 2018-2030 (US$M)
Mexico Botulinum Toxin Market Outlook Share, 2023 & 2030 (US$M)
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