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Rhinoplasty Market 2021 Latest Trends, Demand, Growth, COVID-19 Impact, Opportunities & Outlook Till 2028

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Swapnil GVR
Rhinoplasty Market 2021 Latest Trends, Demand, Growth, COVID-19 Impact, Opportunities & Outlook Till 2028

The global rhinoplasty market size was valued at USD 6.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. Rhinoplasty is a surgery to change the shape of the nose. It is performed to improve breathing conditions raised from birth defects or injury. It is also done for aesthetic reasons to change the shape of the nose. 

 

Brazil is the hub for rhinoplasty surgeries. According to the International Society of Aesthetic Plastic Surgery (ISAPS), over 85,000 rhinoplasty surgeries were performed in the country in 2018. The country is backed by skilled and trained surgeons and offers cost-effective cosmetic surgeries, making it an affordable option for people opting for cosmetic surgeries at a cheaper cost.

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Key Player Mentioned:

  • Stryker
  • Grover Aesthetics
  • Sunset Cosmetic Surgery
  • Implantech
  • GC Aesthetics
  • Surgiform Technologies LLC.

According to the Plastic Surgery Statistics Report 2018, nose reshaping or rhinoplasty was among the top five cosmetic surgical procedures at a global level. According to the American Society of Plastic Surgeons, rhinoplasty is the most complex facial surgery, having a revision rate of as high as 15.0%.

 

Product Segment Analysis:

 

  • Augmentation
  • Reduction
  • Post-traumatic
  • Reconstructive
  • Revision

Application Segment Analysis:

 

  • Open Rhinoplasty
  • Closed Rhinoplasty

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Regional Segment Analysis:

North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.

The open rhinoplasty segment dominated the market and accounted for the largest revenue share of 51.0% in 2020. The segment is also anticipated to remain dominant and witness the fastest CAGR over the forecast period owing to its ability to undertake extensive and complex nasal surgery. Closed rhinoplasty is preferred by patients in case of minor modifications required in the nose.

Technological advancements in the market can boost the market growth. For instance, in April 2019, researchers at the Occidental College developed a non-surgical nose job that uses tiny needles, an electric current, and 3D-printed molds to reshape living tissue. In this, small needles are inserted into the cartilage, electrical current is passed through, and the cartilage is reformed to the desired shape.

KEY aspects covered in the report include:

  • The market size and industry growth rate of the global and regional market across various segments
  • The region or the sub-segment that is expected to drive the Rhinoplasty market in the forecast period 2021-2028
  • Key companies operating in the global Rhinoplasty market and their market share
  • The Factors that are estimated to drive the Rhinoplasty Market growth
  • Key opportunities in the Rhinoplasty market
  • Key technological advancements and market trends that shape the market

The study objectives of this report are:

 

  • To research global status, future forecasts, growth opportunities, key markets and key players.

 

  • To present the market development in us, Europe and China.

 

  • To strategically profile the key players and comprehensively analyze their development plan and methods.

 

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.

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