The global rhinoplasty market size is expected to reach USD 9.94 Billion by 2028 according to a new study by Polaris Market Research. The report “Rhinoplasty Market Share, Size, Trends, Industry Analysis Report, By Treatment Type (Augmentation, Reduction, Post-traumatic, Reconstructive, Revision, Filler, Others), By Technique (Open, Closed), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rhinoplasty is a treatment that improves the look of the nose. It is among the most common facial cosmetic surgery procedures. The increasing emphasis on appearance among people, as well as technological advancements in the rheumatology industry, are anticipated to push up demand for cosmetic procedures soon.
Rhinoplasty was one of the top 5 surgical procedures conducted globally in 2018, as per a study released by the International Society of Aesthetic Plastic Surgery (ISAPS), over 726,907 cosmetic surgeries were carried out. As a result, the market demand for rhinoplasty is expected to witness growth.
According to these figures, there is a high market demand for nose jobs, with increasing knowledge of aesthetic appeals being the most significant factor driving market growth for rhinoplasty. The availability of qualified plastic surgeons, as well as technological advances such as computer-assisted techniques, are further boosting the target market growth.
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The COVID-19 virus has had a major effect on the industry. At first, procedures were stopped due to the lockdown implemented in certain regions. Since rhinoplasty requires nose surgery, surgeons were at a greater risk of acquiring the virus, which resides in the nose. Nevertheless, in recent years, hospital surgery centers have implemented pandemic procedures to ensure the safety of both personnel and patients.
For example, in one of the surgery centers in the United States, the patient is checked for coronavirus 48 hours before any surgery, and the staff wears N95 masks, among other things. Although cosmetic surgeries are being performed digitally at the moment, such emergency elective surgeries are still being performed which is likely to have a positive impact on the market.
Market participants such as Allergan, Sientra, Inc, Johnson & Johnson Services, Inc, Medartis, Implantech, TMJ Concepts, Nagor Ltd, KLS Martin LP, Spirox, Inc, Stryker, Surgiform Technologies LLC are some of the leading players operating in the market for rhinoplasty.
Business technological advances have the potential to fuel market growth for rhinoplasty. For example, in April 2019, Occidental College researchers created a non-surgical nose job that reshapes living tissue using an electric current, tiny needles, and 3D-printed molds. Fine needles are injected into the cartilage, an electrical current is applied, and the cartilage is reshaped to the desired shape.
Polaris Market Research has segmented the rhinoplasty market report based on treatment type, technique, and region:
Rhinoplasty, Treatment Type Outlook (Revenue – USD Billion, 2016 – 2028)
- Others (Ethnic Rhinoplasty, Refinement Rhinoplasty)
Rhinoplasty, Technique Outlook (Revenue – USD Billion, 2016 – 2028)
Rhinoplasty, Regional Outlook (Revenue – USD Billion, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa