Nose Reconstruction Market Key Players, Size, & Forecast 2030 | North America accounted for the majority

Nose reconstruction is a method of changing the shape of the nose through surgical procedures to improve a person's appearance and beauty. Nose reconstruction surgery is also known as rhinoplasty. Nose reconstruction surgeries are mainly classified as open rhinoplasty and closed rhinoplasty.

Rhinoplasty is performed to change the size, shape or proportions of the nose. It can be done to repair deformities from an injury, correct a birth defect, or improve some breathing difficulties.
The global nose reconstruction industry was estimated at $3.3 billion in 2020, and is anticipated to hit $6.1 billion by 2030, registering a CAGR of 6.5% from 2021 to 2030.

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Drivers, restraints, and opportunities-
The growing advances in nose reconstruction surgeries worldwide and the growing number of research and development activities for new nose reconstruction tools are driving the growth of the global rhinoplasty market. On the other hand, the high cost of nose reconstruction surgeries slows growth to some extent. However, the advent of ultrasonic rhinoplasty is expected to create lucrative opportunities in the industry.

Covid-19 Scenario-
• Postponement of elective surgeries, especially during the initial phase of the pandemic, impacted the global nose reconstruction market negatively.
• However, the market has already started recovering and is expected to get back on track soon.

The open rhinoplasty segment to dominate by 2030-

Based on product type, the open rhinoplasty segment accounted for more than half of the global nose reconstruction market share in 2020 and is expected to dominate by 2030, due to the growing developments in nose reconstruction products. The closed rhinoplasty segment, however, would quote the fastest CAGR of 7.1% over the entire forecast period.

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The augmentation segment to maintain the lion's share-

Based on application type, the augmentation segment held nearly one-third of the global rhinoplasty market revenue in 2020, and is expected to lead the trail by 2030, owing to increase in demand for aesthetic beauty among individuals. The revision segment, on the other hand, would manifest the fastest CAGR of 7.7% from 2021 to 2030.
North America garnered the major share in 2020-

Based on region, North America held the major share in 2020, generating nearly half of the global nose reconstruction market. This is attributed to the robust infrastructure provided for research activities and presence of key players across North America. The Asia-Pacific region, simultaneously, would grow at the fastest CAGR of 8.1% by 2030. Surge in use of nose reconstruction products for the treatment of nose disorders, several R & D activities for new product launch, and increase in investments in the healthcare sector drive the market growth.

Key players in the industry-
• Grover Aesthetics
• Sunset Cosmetic Surgery
• Stryker
• Surgiform Technologies LLC
• Implantech
• GC Aesthetics

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