The global rhinoplasty market size is expected to reach USD 5.4 billion by 2026, exhibiting a CAGR of 6.4% during the forecast period, according to a new report by Grand View Research, Inc. Factors, such as rising awareness among people about physical appearance, rapid technological advancements in dermatology industry, and rising disposable income are anticipated to propel the growth.
According
to a report published by the International Study on Aesthetic/Cosmetic
Procedures, 877,254 rhinoplasty procedures were performed across the world in
2017. The report records 4.0% rise in cosmetic surgery procedures in 2017 from
2016. There was a significant rise of 11.0% rhinoplasty procedures across the
world from 2016 to 2017. An increase in the number of plastic surgeons
performing rhinoplasty surgery to 11.0% is also mentioned in the report. These
statistics indicate the huge demand. Availability of skilled plastic surgeons coupled
with technological advancements, such as 3D computer-assisted techniques are
anticipated to further fuel the growth of the rhinoplasty market.
Apart
from enhancing physical appearance, rhinoplasty is also performed for treating
breathing problems that may affect the ability to exercise and sleep and for
improving nasal function after a traumatic injury or illness. Different types
of rhinoplasty procedures are performed based on techniques and treatment
types. For instance, the post-traumatic rhinoplasty is performed to address the
nose injury damaging the airways.
Full Research Report On Rhinoplasty Market Visit Here:
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Rhinoplasty
Market Report Highlights
- Augmentation rhinoplasty
emerged as the largest segment in 2018 owing to its necessity for both
functional and aesthetic indications
- Open rhinoplasty was the
largest technique segment in 2018 in terms of revenue and is anticipated
to continue its dominance over the forecast period. This technique helps
alter nasal shape with precision and enhance overall appearance of the
face
- North America held leading market
share in 2018, owing to rapid rise in adoption of advanced treatment types
and techniques
- Asia Pacific is anticipated
to expand at the fastest CAGR over the forecast period. Factors, such as
economic development and medical tourism in this region are anticipated to
boost the growth
- Some of the key players in
rhinoplasty market are Stryker, Grover Aesthetics, Sunset Cosmetic
Surgery, Implantech, GC Aesthetics, and Surgiform Technologies LLC
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Rhinoplasty
Market Segmentation
Grand View Research has segmented
the global rhinoplasty market based on treatment type, technique, and region:
Rhinoplasty
Treatment Type Outlook (Revenue, USD Million, 2015 - 2026)
- Augmentation
- Reduction
- Post traumatic
- Reconstructive
- Revision
- Filler
- Others (Ethnic Rhinoplasty,
Refinement Rhinoplasty)
Rhinoplasty
Technique Outlook (Revenue, USD Million, 2015 - 2026)
- Open Rhinoplasty
- Closed Rhinoplasty
Rhinoplasty
Regional Outlook (Revenue, USD Million, 2015 - 2026)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Thailand
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Columbia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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