Home Press Releases Otoplasty Market Size Worth $1,931.69 million By 2032 | CAGR: 6.9%

Otoplasty Market Size Worth $1,931.69 million By 2032 | CAGR: 6.9%

The global otoplasty market size is expected to reach USD 1,931.69 million by 2032, according to a new study by Polaris Market Research. The report “Otoplasty Market Share, Size, Trends, Industry Analysis Report, By Otoplasty Type (Ear augmentation, Ear reduction, and Ear pin back); By Technique; By Device; By End-Use; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

One of the key growth drivers for the worldwide otoplasty market is the rising occurrence of congenital ear malformations such as hemifacial microsomia, Treacher-Collins syndrome, and many others. As to the Rare Disease Organization, 1 in around 50,000 persons is afflicted with Treacher Collins Syndrome. A genetic disorder called Treacher’s syndrome is commonly known as mandibulofacial dysostosis. This can be credited to the mutation in the TCOF1, POLR1C, or POLR1D gene, and is responsible for about 95% of the instances. Hemifacial microsomia is the second most frequent congenital disorder even as cleft lip and palate.

 

Moreover, the market for otoplasty is being significantly impacted by the rise in outer ear trauma cases caused by blunt objects, puncture wounds, blasts, and damage. For instance, as per the Substance Abuse and Mental Health Services Administration (SAMHSA), over two-thirds of young kids reported at least 1 traumatic experience by age 16. In the past year, at least 1 in 7 kids has been the victim of child abuse or neglect, and this number is probably undervalued. In 2019, 1,840 children died of neglect and abuse in the United States. 8% of high school students are now in a physical fight on school grounds one or more times within the 12 months well before the poll.

 

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Also, acoustic trauma is the most prevalent avoidable cause of hearing loss, and it has been reported that 12% or more of the entire population is in danger of sound loss of hearing. The most frequent injury is a blast injury, which affects between 2% and 32% of people worldwide. Which, about 80% of people are more likely to have a prolapsed tympanic membrane. Therefore, the rising prevalence of traumatic injuries along with ear-related disorders is bolstering the demand for otoplasty is boosting the market growth.

 

Additionally, the technical developments in the otoplasty sector over the past several years have caused patients to favor non-invasive procedures. CO2 laser-assisted otoplasty is one example of such a breakthrough. It is incredibly durable and delivers an otic aesthetic aspect and symmetrical look of both ears to cure the patients with optimum efficiency.

 

Otoplasty Market Report Highlights

  • The ear augmentation segment is anticipated to grow at a high CAGR of over the forecast period. Ear splints work well for deformed ears & are less helpful for the noticeable ears.
  • The surgical segment accounted for largest of the global revenue share. This can be attributed to the rising demand for surgical ear augmentation procedures as well as the increasing number of patients who favor plastic procedures for ear augmentation.
  • Asia-Pacific is expected to grow at a high CAGR over the projected period. The presence of China and India, whose governments are arduously trying to increase public awareness of hearing abnormalities
  • The global players include Allergan, Cosmetic Surgery Partners, EarBuddies, Invotec International, Karidis Cosmetic Surgery, Phoenix Medical Systems, Piedmont Plastic, Sklar Surgical Instruments, and Westlake Dermatology

 

Polaris Market Research has segmented the Otoplasty market report based on otoplasty type, end-users, technique, device, and region:

 

Otoplasty, Otoplasty Type Outlook (Revenue – USD Million, 2019 – 2032)

  • Ear augmentation
  • Ear reduction
  • Ear pin back

Otoplasty, End-Users Outlook (Revenue – USD Million, 2019 – 2032)

  • Academics and research
  • Hospitals and clinics
  • Ambulatory surgical centers
  • Others

Otoplasty, Technique Outlook (Revenue – USD Million, 2019 – 2032)

  • Non-Surgical
  • Surgical

Otoplasty, Device Outlook (Revenue – USD Million, 2019 – 2032)

  • Tubing
  • Ear-Splint
  • Others

Otoplasty, Regional Outlook (Revenue – USD Million, 2019 – 2032)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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