About Botulism Treatment
Botulism is a disorder characterized by paralytic disease caused by the neurotoxin Clostridium botulinum. This dangerous toxin is produced in low-oxygen conditions and can have fatal effects on the human body. Botulism directly affects nerve function and blocks its function if left untreated for a long time. Complications are rare, followed by weakness in the chest muscles, arms, and legs. A person can only become infected by ingesting contaminated foods that contain toxins or by injecting a toxin that leads to wound botulism. Common symptoms of botulism include double vision, falling both eyelids, difficulty swallowing, facial expression, nausea, vomiting, and finally constipation. The emerging research and developments to create efficient and inexpensive treatments are expected to fuel the significant growth of the global botulism treatment market. The development of techniques such as mechanical ventilation and increasing spending on the creation of other medical facilities would also fuel the growth of the botulism treatment market. In addition, the increasing prevalence of botulism in infants due to unhealthy eating habits and exposure to toxins is the main driver of the botulism treatment market. However, techniques such as commercial heat pasteurization and heat sterilization, which can prevent the growth of toxins and microbes in the environment, are advancing rapidly in modern times and may hinder the growth of the botulism treatment market.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Botulism Treatment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
XOMA Corporation (United States), Alphavax Inc. (United States), Microbiotix Inc. (United States), AbbVie Inc. (Allergan) (United States), Morphotek Inc. (United States), Valeant Pharmaceuticals Inc. (Canada), Merz Pharma (Germany), Galderma (Switzerland), Eisai Co., Ltd. (Japan), Ipsen (France) and Revance Therapeutics, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hugel Inc. (South Korea) and Medy Tox Inc. (South Korea).
Segmentation Overview
AMA Research has segmented the market of Global Botulism Treatment market by Type (Antitoxin, Antibiotics and Others) and Region.
On the basis of geography, the market of Botulism Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacy will boost the Botulism Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Botulism Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Botulism Types, the sub-segment i.e. Food Borne Botulism will boost the Botulism Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Developments of Techniques Such As Mechanical Ventilation, Rise of Expenditure for Creating Other Medical Facilities and Increasing Number of Products Approvals and Launch
Market Growth Drivers:
Rising Prevalence of Botulism in Infants Due To Unhealthy Eating Habits, A Rise in Exposure to Toxins and Increasing Demand for Aesthetic Procedures
Challenges:
Lack of Reimbursement Policies Supporting the Procedures and Side Effects Associated With These Procedures
Restraints:
High Cost of Botulinum Procedures and Techniques Such As Commercial Heat Pasteurization, Heat Sterilization That Can Prevent the Growth of Toxins and Microbes in the Environment
Opportunities:
Increasing Demand for Minimally Invasive Procedures and Growing Research and Development Initiatives to Expand the Therapeutic Applications of Botulinum Treatment
Market Leaders and their expansionary development strategies
In May 2020, AbbVie completed the acquisition of Allergan for business expansion. This acquisition is expected to give the company a competitive advantage over Allergan's leading aesthetic brands in the marketplace.
In December 2020, Merz Therapeutics had announced US FDA approval for its botulinum-toxic product Xeomin for the treatment of patients aged 2 years and over with chronic sialorrhea or drooling. This approval would have allowed the company to expand its customer base and strengthen its revenue stream.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Botulism Treatment, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.