openPR Logo
Press release

Otoplasty Market Forecasts Accruals of USD ~ 1.2 Billion By 2023, At ~6.5% of CAGR; Confirms MRFR

10-06-2017 04:46 PM CET | Health & Medicine

Press release from: Market Research Future

Otoplasty Market Forecasts Accruals of USD ~ 1.2 Billion By 2023,

Market Research Future published a research report on “Otoplasty Market Research Report- Global Forecast till 2023” Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Otoplasty market information: by otoplasty types (ear augmentation, ear reduction, ear pin back) by otoplasty surgical techniques (anti-helical fold manipulation, conchal alteration, correction of earlobe prominence) by non-surgical otoplasty (tissue molding, others) by devices (ear-splint, tubing, others) by end users (hospitals and clinics, academics and research, others) - Global Forecast till 2023

Market Synopsis of Global Otoplasty Market:
Market scenario:
Otoplasty refers to surgical and non-surgical procedures for correcting external ear deformities and defects. The defects may be of morphology and structure of the external ear such as a deformation, absent external ear, damage by trauma etc.. Otoplasty corrects the defect or deformity of the external ear by procedures such as shaping or augmenting of the cartilaginous support framework of the pinna etc. Otoplasty was developed in ancient India, in 5th century BC, by physician Sushruta and was described in the Sushruta samhita for correcting and reconstructing ear, nose and lips deformed due to amputations. Dieffenbach in 1845, demonstrated correction of post-traumatic auricular deformity and cosmetic otoplasty was described by Ely who performed a wedge excision to reduce the prominence of the ear.
The market for otoplasty is driven by factors such as growing prevalence of congenital ear deformities such as Treacher Collins syndrome, hemifacial microsomia etc. Other factors are natural deformations and extremities such as bat ears, constricted ear, cryptotic ear, macrotic ear, question mark ear, Stahl’s ear deformity etc. the rising cases of trauma to the external ear such as due to blasts, puncture and damage due to blunt objects are also important drivers of the Otoplasty market. The growing influence of media and fashion industry coupled with greater screening for deformities at birth will drive the market for otoplasty.
The growing awareness and the availability of advanced products such as malleable and adjustable splints, tubings which can be adjusted for any size and shapes of the ear, are expected to make a positive impact on the market. The rising per capita income and the growing acceptance of the plastic and aesthetics surgeries across the globe will drive the future market. The critical market restraints are complications and discomfort associated with otoplasty, formation of abnormal scar tissue, distortion of the shape of the ear caused by overcorrection of deformed features and reappearance of ear protrusion. Generally insurance providers do not provide coverage for otoplasty which is the biggest economic constraint. Again, cosmetic otoplasty surgeries have almost no coverage. Most patients do not have a life threat from the deformity which leads to low number of patients than the actual potential of the surgery procedure.
The market for devices is however fragmented with a large number of players of unknown origin operating in the segment. Thus, the market has a small profit margin which has constricted growth and thus there is high competition in the market.
Considering all these factors, the market for otoplasty is expected to reach $ 1.2 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 6.5 % during 2017-2023.
Get a Copy of Sample Report @ https://www.marketresearchfuture.com/sample_request/3979
Key players of Global Otoplasty Market:
• Allergan
• Sklar Surgical Instruments
• Earfold
• Invotec International, Inc.
• Phoenix medical systems pvt. ltd.
• EarBuddies
Segments:
The global otoplasty market is segmented on the basis of otoplasty types, otoplasty surgical techniques, non-surgical otoplasty, devices and end users. Based on otoplasty types, the market has been segmented as ear augmentation, ear reduction and ear pin back. Based on the otoplasty surgical techniques, the market has been segmented as anti-helical fold manipulation, conchal alteration and correction of earlobe prominence. Based on the non-surgical otoplasty, the market has been segmented as tissue molding and others. Based on the devices, the market has been segmented as ear-splint, tubing and others. Based on the end users, the market has been segmented as hospitals and clinics, academics and research and others.
Regional analysis
US accounts for the maximum market share due to favorable insurance penetration, excellent reimbursement scenario and greater expenditure on healthcare. The faster market uptake of new technology in the US is also an important driver of the market for global otoplasty. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is expected to have the most future potential and it is estimated to be led by China and India. The Middle East & Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The regions of Africa are expected to witness a moderate growth due to poor economic and political conditions and poor healthcare penetration
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/otoplasty-market-3979
The report for Global Otoplasty Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.
Continue…
We are thankful for the support and assistance from Otoplasty Market Research Report- Global Forecast till 2023 chain related technical experts and marketing experts during Research Team survey and interviews.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Media Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Otoplasty Market Forecasts Accruals of USD ~ 1.2 Billion By 2023, At ~6.5% of CAGR; Confirms MRFR here

News-ID: 760924 • Views: 299

More Releases from Market Research Future

Semiconductor IC Tester Market Growth Factor, Demand, Size, Share, Trends, Growt …
The Semiconductor IC Tester Market research report includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the Semiconductor IC Tester market growth. Semiconductor IC Tester is
Tilt Sensor Market Share, COVID-19 Pandemic Impact, Comprehensive Analysis, Oppo …
Global Tilt Sensor Market Highlights: The global Tilt Sensor Market is growing rapidly over 7.42% of CAGR and is expected to reach at USD 257.64 million by the end of forecast period. The global tilt sensor market has been witnessing a steady growth over the last few years on account of rapid growth of automobile and transportation market, high implementation of sensors in the constructions machines and rising demand for tilt
High Altitude Long Endurance Market Demand, Growth, COVID-19 Pandemic Impact, Ap …
High Altitude Long Endurance (Pseudo Satellite) Market Overview Market Research Future (MRFR) anticipates that the High Altitude Long Endurance Market 2020 could potentially achieve a strong valuation of USD 23 billion by 2022. The market is also projected to advance at an approximate rate of 9% between 2016 and 2022 (review period). We will provide covid-19 impact analysis with the report. The research on COVID-19 impact offers an in-depth analysis post
Function as a Service Market by Top Manufacturers, COVID-19 Pandemic Impact, App …
Market Highlights Function as a Service (FaaS) is the concept of serverless computing via serverless architectures. Software developers can leverage this to deploy an individual “function”, action, or piece of business logic. The serverless architecture has many benefits as, it reduces time to market, lowers the operational costs, reduces the complexity of software and others. Therefore, the demand for serverless architecture is driving the function as a service market. The factors driving

All 5 Releases


More Releases for Otoplasty

Otoplasty Market 2021  Future Development By 2029 -Allergan, Sklar Surgical Ins …
Otoplasty Market Overview: The market research report on the Global Otoplasty Market offered by Straits Research, analyses the major opportunities, CAGR, yearly growth rates to help the readers to understand the qualitative and quantitative aspects of the Global Otoplasty Market. The competition landscape, company overview, financials, recent developments and long-term investments related to the Global Otoplasty Market are mentioned in this report. Various parameters have been studied while estimating the market size. The revenue
Otoplasty Market Outlook (2019-2025) | Allergan, Sklar Surgical Instruments, Ear …
The Global Otoplasty market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Otoplasty Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global Otoplasty market.
Otoplasty Market 2023 Worldwide Key Players are Allergan, Sklar Surgical Instrum …
The report for Global Otoplasty Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. Otoplasty refers to surgical and non-surgical procedures for correcting external ear deformities and defects. The defects may be of morphology and structure of the external
Otoplasty Market (2018-2023) - Develop Evaluating, Highlights, Surveys and Exami …
The report for Global Otoplasty Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. Otoplasty refers to surgical and non-surgical procedures for correcting external ear deformities and defects. The defects may be of morphology and structure of the external
Otoplasty Market Analysis By Surgical techniques, Otoplasty Types, Trend & Globa …
Otoplasty market is expected to reach $ 1.2 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 6.5 % during 2017-2023 It is segmented on the basis of otoplasty types, otoplasty surgical techniques, non-surgical otoplasty, devices and end users. Market Synopsis of Global Otoplasty Market: Market scenario: The market for otoplasty is driven by factors such as growing prevalence of congenital ear deformities such as
Otoplasty Market Comprehensive Study By Otoplasty Market, Surgical techniques, n …
Otoplasty market Analysis: By Key Companies- Allergan, Sklar Surgical Instruments, Earfold) by otoplasty types (ear augmentation, ear reduction, ear pin back) by otoplasty surgical techniques (anti-helical fold manipulation, conchal alteration, correction of earlobe prominence) by non-surgical otoplasty (tissue molding, others) by devices (ear-splint, tubing, others) by end users (hospitals and clinics, academics and research, others) - Global Forecast till 2023 Market Synopsis of Global Otoplasty Market: Market scenario: The market for