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.
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Further key findings from the report suggest:
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
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)
Others (Ethnic Rhinoplasty, Refinement Rhinoplasty)
Rhinoplasty Technique Outlook (Revenue, USD Million, 2015 - 2026)
Rhinoplasty Regional Outlook (Revenue, USD Million, 2015 - 2026)
Middle East & Africa
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