Rhinoplasty Market Value To Generate Revenue $8,989 Million by 2030

The rhinoplasty market had revenue of over $4,881 million in 2021, which will reach beyond $8,989 million by 2030, at a 7% CAGR. This is because of the snowballing awareness regarding aesthetics, increasing consumer spending on appearance, and growing disposable income.

Augmentation procedures have the largest share of the revenue, of around 19%, and this will continue in the future. This is because of the increasing number of people with congenital nasal imperfections and the growing adoption of this procedure for improving the nose functionality and overall facial aesthetics.

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General anesthetization is induced before a nasal surgery, which is why people prefer liquid rhinoplasty for avoiding anesthetization and long duration of the surgery; a liquid rhinoplasty is a merely 15-to-20-minute procedure. Surgeons inject fillers into the tip, bridge, and other areas of the nose, providing visible enhancement.

The demand for nasal surgeries in APAC will grow at the highest rate, of 7%. This is because of the increasing income in developing countries, flourishing medical tourism because of the lower treatment costs, and evolving healthcare infrastructure.

• Japan is the main revenue generator because of the availability of advanced medical technology, accessibility of skilled aesthetic surgeons, and existence of numerous manufacturers of advanced surgical tools.
• As per the ISAPS, about 15,000 rhinoplasties were conducted in the country in 2020.

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The primary aspect boosting the industry is the increasing beauty consciousness amongst teens and adults. The increasing multiculturalism in developing countries has changed some conventions related to beauty, thus resulting in a surge in the demand for filler and surgical nose jobs. Furthermore, the inclination of celebrities toward these treatments has had a strong impact on the beauty consciousness of the people.

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This release was published on openPR.