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Rhinoplasty Implants Market Trends

Report ID: GMI5064
Published Date: Jun 2021
Report Format: PDF

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Rhinoplasty Implants Market Trends

Growing beauty consciousness among teenagers and adults across the globe is one of the prime factors driving the market value. Surging multiculturalism in Western countries has shifted some beauty norms that have increasingly turned up on demand for surgical and filler rhinoplasty for nose augmentation. Additionally, celebrity culture has a significant influence on beauty consciousness due to publicly admitting of having these treatments and procedures done. These cosmetic procedures and non-invasive aesthetic procedures are gaining popularity significantly. This current perception of flawless beauty becomes more unattainable that results in the female seeking cosmetic treatments to achieve perfection. With this growing willingness to undertake the financial burden for rhinoplasty, finance companies are offering various policies to ease this burden and make these procedures more attainable. Certain rhinoplasty procedures may also have significant psychological benefits for some individuals including both social and emotional. This contributes to stimulated competition and the constant emergence of product and marketing innovations.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Annual revenue from the rhinoplasty implants industry exceeded USD 700 million in 2020 and will expand at a 15.9% CAGR up to 2027.

The industry share from surgical procedures will grow at a 15.3% rate up to 2027 driven by a higher need for positive effects on facial aesthetic, uplifting the size of the nose, and improve breathing.

The female gender segment is poised to observe a 16.1% CAGR through 2027 due to the advancements in beauty consciousness, and social media influence.

The overall market size from hospitals reached USD 318 million in 2020 and will significantly grow with the higher availability of board-certified skilled professionals in the facilities.

U.S. held close to 93% of the rhinoplasty implants revenue share in 2020 and will see expansion through 2027 owing to the rising adoption of advanced equipment by surgeons across the country.