The latest report by IMARC Group, titled “Rhinoplasty Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global rhinoplasty market is expected to exhibit a CAGR of 6.37% during the forecast period (2022-2027). Rhinoplasty, also known as a nose job, is a surgical procedure performed to change the shape, size, and appearance of the nose for reconstructive, restorative, and cosmetic purposes. It also repairs deformities caused by an injury, removes bumps, narrow nostril width, changes the angle between the nose and the mouth, and addresses defects or other problems that affect breathing, such as a deviated nasal septum or a sinus condition. It includes changing the size and angle of the bone, cartilage, and skin of the nose, straightening the bridge, and reshaping the tip of the nose to achieve desired results. At present, rhinoplasty has become one of the most common plastic surgeries adopted by individuals across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Rhinoplasty Market Trends:
The market is primarily driven by the growing consciousness about physical appearances among the masses. In addition, the rising influence of social media platforms has led the young population to opt for various cosmetic surgeries, representing another major growth-inducing factor. Besides this, an increasing number of individuals are nowadays opting for rhinoplasty to get relief from heavy sleep apnea and snoring and treat nasal tumors. This, coupled with the introduction of advanced technologies, such as non-surgical nose jobs that use tiny needles and 3D-printed computer-assisted techniques that help reshape living tissue and reduce the revision rate, is contributing to the market growth. Moreover, the market is also propelled by the rising disposable incomes of individuals and the emerging trend of medical tourism. Furthermore, significant developments in the healthcare infrastructure across developing economies, the increasing number of skilled cosmetic surgeons, and extensive research and development (R&D) activities conducted by the leading market players to launch advanced surgical equipment are some of the other factors augmenting the market growth.
- Based on the treatment type, the market has been segmented into augmentation, reduction, post-traumatic, reconstructive, revision, and others.
- On the basis of the technique, the market has been bifurcated into open and closed rhinoplasty.
- Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has been examined in the report, with some of the key players being COMEG, GROVER AESTHETICS, Implantech, KLS Martin Group, New York Center for Plastic Surgery, Stryker Corporation, Sunset Cosmetic Surgery and Surgiform Technologies LLC.
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