Rhinoplasty Market Size, Leading Players, Demand and Forecast Report 2030

NEW YORK - Sept. 19, 2023 - PRLog -- In 2021, the rhinoplasty market was worth around USD 4,881.2 million, and it is projected to advance at a 7.0% CAGR from 2021 to 2030, hitting USD 8,989.2 million by 2030, according to P&S Intelligence.

This growth can be credited to the increasing leaning of consumers toward spending more on appearance, growing awareness of aesthetics, and growing per-capita income in emerging nations, including India and China. Moreover, the increasing effect of beauty standards and the rising number of accidents are boosting the growth of the market.

In 2021, Augmentation rhinoplasty held the largest revenue share, approximately 19%, in the rhinoplasty market, and it is also projected to continue with the same dominance in the future as well. This can be credited to the increasing occurrence of congenital nasal defects and the robust preference for this technique for aesthetic drives and also for refining the functionality of the nose, to support better breathing.

Furthermore, it is utilized to surge the projection of the nasal dorsum on the profile view, and a huge quantity of materials are accessible in the market to enlarge the nose, including autologous implants, alloplastic, and allogenous materials, which offer comfort to doctors while directing the surgery.

APAC will grow at the highest CAGR, of more than 7%, in the coming few years. This high development rate can be credited to the growing per-capita income in developing countries, thriving medical tourism activities because of the lesser prices of treatments, and evolving healthcare infrastructure.

Browse detailed report on Rhinoplasty Market Growth and Forecast Report 2030 (https://www.psmarketresearch.com/market-analysis/rhinopla...)

Furthermore, the rising count of road accidents, increasing occurrence of congenital nasal deformities, and increasing healthcare spending will boost the market size.

Hence, the increasing leaning of consumers toward spending more on appearance, growing awareness of aesthetics and growing per-capita income in emerging nations, including India and China, such factors are contributing to the growth of the industry.