Rhinoplasty Implant Market worth over $2bn by 2027

Published Date: June 7, 2021

Rhinoplasty Implant Market size is set to surpass USD 2 billion by 2027, according to a new research report by Global Market Insights Inc.

Growing technological advancements in rhinoplasty implants are some of the key factors increasing the penetration of nasal implants and injectable. The use of injectable fillers for nonsurgical procedures has surged due to the advent of newer injectable with a high longevity and less immunogenicity. Increase in preference for facial attractiveness across the globe will be one of the major factors driving the rhinoplasty implant market growth. Additionally, several industry players have introduced a simplified and modern approach, thereby offering a safer and effective procedure with enhanced outcomes.

Technological advancement in aesthetic procedures is expected to propel the rhinoplasty implant market expansion

Recent technological advancement in the aesthetic procedures across the globe will promote the industry growth. The minimally invasive procedures for influencing the physical appearance are tremendously rising owing to advantages provided by these procedures such as shorter recovery periods, lower procedure time, and minimal discomfort for the patients. The surge in the adoption of these procedures is augmenting significant innovations intended to improve convenience to the patients, thereby increasing the demand for rhinoplasty implants across the globe.

In rhinoplasty implants, a 3D high-definition approach rises accuracy & outcomes with minimal trauma and specifically reduce cartilage & bone under direct visualization with a high-definition 3D telescope system. Thus, these advanced approaches reduce the risks associated with traditional techniques such as resorbed cartilage grafts and collapsed airways.

Growing awareness about aesthetic rhinoplasty will spur the market progression

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The non-surgical segment in the rhinoplasty implant market is anticipated to expand at 16.1% growth rate through 2027 led by the plastic surgeons that consider non-surgical rhinoplasty as safe & efficient with fewer complications. Non-surgical rhinoplasty is also known as liquid rhinoplasty that is performed using injectable fillers to restore a more symmetric look of the nose. These rhinoplasty implants are more convenient than surgical procedures credited to the factors such as, it requires 15 minutes or less, and is cost effective among others. This treatment is suitable to smooth out bumps on the patient nose or make it look less angular with lesser risks and recovery time. Furthermore, the growing emphasis of women on aesthetics, especially in developed countries is a key factor responsible for the increasing number of non-surgical procedures. Thus, the rising acceptance of non-surgical alternatives, especially in the U.S. and Brazil attributed to its aesthetic benefits will foster the industry expansion. 

Browse key industry insights spread across 200 pages with 227 market data tables & 16 figures & charts from the report, “Rhinoplasty Implant Market Size By Procedure (Surgical {Open Rhinoplasty, Closed Rhinoplasty}, Non-surgical), By Gender (Female, Male), By End-use (Hospitals, Ambulatory Surgical Centers), COVID19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/rhinoplasty-implants-market

Increasing investment by the market leaders to develop safe and effective rhinoplasty techniques will attract a large customer pool

The rhinoplasty implant market for male segment is poised to grow at 14.7% CAGR by 2027 on account of the recent advancements in rhinoplasty implants, increasing awareness among men regarding procedures along with a high patient satisfaction rate post-procedure. Currently, male rhinoplasty is gaining popularity credited to the fact that these procedures are designed for men to address structural defects in the nose and improve facial aesthetics. The growing benefits of male rhinoplasty such as enhance masculine appearance, restore nasal function, increase self-confidence will impel the treatment demand. The rising incidences of injuries due to athletics, facial fractures during physical activities, or work-related incidents are rising the demand for men rhinoplasty implants.

Emerging number of ambulatory surgical centers providing rhinoplasty implants treatment will fuel the market demand

The ambulatory surgical centers segment in the rhinoplasty implant market is predicted to expand at a CAGR of 16.1% and will reach USD 849 million by 2027 driven by  the same-day or outpatient surgical procedures, easy accessibility to advanced minimally invasive surgical techniques, and cost effective as compared to hospital-based procedures. Growing number of ambulatory surgical centers offering customized services as well as rising healthcare infrastructure across emerging nations will boost the segment growth in the upcoming years. These centers are increasing robustly in number, equipped with sophisticated services and offerings. Thus, the increasing preference for ambulatory surgical centers credited to high-quality care and convenience will augment the industry progression over the forecast period.

Growing demand for advanced nasal implant in Japan is projected to propel the market value

Japan held a significant revenue share in the Asia Pacific rhinoplasty implant market and accounted for over USD 39 million in 2020 impelled by the rising demand for liquid rhinoplasty, rising geriatric population, rising beauty consciousness among others. Japanese culture influences the entire population of the country and all members of society including women, men, and children for beauty treatments. Currently, cosmetic procedures in Japan are becoming more frequently utilized for medical, vocational, and social reasons. This is due to evolving beauty standards in the country and a culture that places high importance on physical appearance.

In 2016, Japan held the third position for plastic surgery procedures across the world with a majority of women patients. The demand for rhinoplasty procedures in Tokyo clinics is estimated to surge attributed to the availability of the U.S. Board-certified plastic surgeon, popularity on global platforms, walk-in services for non-surgical treatments, etc. Additionally, the future of rhinoplasty implants procedures in Japan is slated to be promising owing to excessive demand, the size of its population, and the development in aesthetic procedure among others. Thus, with a focus of market players on industry development in Japan, the region will hold significant revenue in the global market.

Companies are focusing on strategies and launch of innovative products to expand customer base

Some of the major participants operating in the rhinoplasty implant market are Implantech, Koken, Surgiform Technologies LLC, Wanhe Plastics, Stryker, W.L. Gore Associates among others. These leaders are involved in partnerships, agreement and acquisition to gain an edge over their competitors.