Nose reconstruction is a procedure that changes the shape of nose. It is also known as nose rhinoplasty. The motive of a rhinoplasty is to change the appearance of nose and improve breathing. Nose reconstruction changes size, shape, or proportions of nose. It may be done to repair defects from an injury or birth. The nose is the most defining characteristic of the face. Rhinoplasty is the medical name for surgical procedure that is known as nose reshaping, nasal surgery, or nose job. It involves surgical reconstruction and shaping of the bone and cartilage to enhance function of the nose.
Growth of the global nose reconstruction market is majorly driven by alarming increase in number of road accidents and injuries; rise in government initiatives for development of pharmaceutical and medical device industry; and increase in number of product approvals for nose reconstruction. In addition, as per the statistics provided by the American Society of Plastic Surgeons in 2019, approximately 1.8 million cases of cosmetic minimally-invasive surgeries were performed in the U.S. Rise in demand for cosmetic surgical procedures drive growth of the market. Moreover, according to the World Journal of Otorhinolaryngology, there were about 89,495 cases of sinus surgeries performed in England between 2010 and 2019. Hence, rise in incidences of nasal surgeries and extensive use of nose reconstruction devices propels growth of the market.
Increase in demand for reshaping nose and surge in usage of nose reconstruction effective treatment are the major factors that drive the global nose reconstruction market. In addition, key players such as Abbvie Inc., COMEG Medical Technology Ltd., Stryker Corporation, Johnson & Johnson, and GC Aesthetics, which provide numerous nose reconstruction products contributes toward the market growth.
For instance, in 2021, Intersect Ent announced launch of SINUVA implant. This is a nasal implant product and is used in sinus depression in nose congestion. In addition, in 2019, Occidental College announced the launch of non-surgical nose job with using tiny needles. These are 3D printed needles that help in reshaping of nose tissues. Thus, rise in number of nose reconstruction devices is expected to contribute toward growth of the nose reconstruction market.
However, high cost associated with nose reconstruction devices is anticipated to hinder the market growth. People, nowadays are more aware regarding their health, which, in turn, compels them to maintain their health condition and increase demand for nose reconstruction. This has further encouraged many key players to enter emerging markets, thus offering a lucrative growth opportunity in the nose reconstruction market.
The global nose reconstruction market is segmented into type, treatment, end user, and region. By type, the market is categorized into open rhinoplasty and closed rhinoplasty. Depending on treatment, it is fragmented into augmentation, reduction, revision, filler, and others. By per end user, it is divided into hospitals, plastic surgery clinics, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global nose reconstruction market are Abbvie Inc., COMEG Medical Technologies, GC Aesthetics, Grand Aspeo, Implantech Associates, Johnson & Johnson, Koken, Stryker Corporation, Surgiform Technologies Ltd., and Wanhe Plastic Material.
Growth of the global nose reconstruction market is majorly driven by alarming increase in number of road accidents and injuries; rise in government initiatives for development of pharmaceutical and medical device industry; and increase in number of product approvals for nose reconstruction. In addition, as per the statistics provided by the American Society of Plastic Surgeons in 2019, approximately 1.8 million cases of cosmetic minimally-invasive surgeries were performed in the U.S. Rise in demand for cosmetic surgical procedures drive growth of the market. Moreover, according to the World Journal of Otorhinolaryngology, there were about 89,495 cases of sinus surgeries performed in England between 2010 and 2019. Hence, rise in incidences of nasal surgeries and extensive use of nose reconstruction devices propels growth of the market.
Increase in demand for reshaping nose and surge in usage of nose reconstruction effective treatment are the major factors that drive the global nose reconstruction market. In addition, key players such as Abbvie Inc., COMEG Medical Technology Ltd., Stryker Corporation, Johnson & Johnson, and GC Aesthetics, which provide numerous nose reconstruction products contributes toward the market growth.
For instance, in 2021, Intersect Ent announced launch of SINUVA implant. This is a nasal implant product and is used in sinus depression in nose congestion. In addition, in 2019, Occidental College announced the launch of non-surgical nose job with using tiny needles. These are 3D printed needles that help in reshaping of nose tissues. Thus, rise in number of nose reconstruction devices is expected to contribute toward growth of the nose reconstruction market.
However, high cost associated with nose reconstruction devices is anticipated to hinder the market growth. People, nowadays are more aware regarding their health, which, in turn, compels them to maintain their health condition and increase demand for nose reconstruction. This has further encouraged many key players to enter emerging markets, thus offering a lucrative growth opportunity in the nose reconstruction market.
The global nose reconstruction market is segmented into type, treatment, end user, and region. By type, the market is categorized into open rhinoplasty and closed rhinoplasty. Depending on treatment, it is fragmented into augmentation, reduction, revision, filler, and others. By per end user, it is divided into hospitals, plastic surgery clinics, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global nose reconstruction market are Abbvie Inc., COMEG Medical Technologies, GC Aesthetics, Grand Aspeo, Implantech Associates, Johnson & Johnson, Koken, Stryker Corporation, Surgiform Technologies Ltd., and Wanhe Plastic Material.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nose reconstruction market analysis from 2020 to 2030 to identify the prevailing nose reconstruction market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the nose reconstruction market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global nose reconstruction market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End User
- Hospitals
- Plastic Surgery Clinics
- Others
By Type
- Open Rhinoplasty
- Closed Rhinoplasty
By Treatment
- Augmentation
- Reduction
- Revision
- Filler
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Spain
- Rest of Europe
- Germany
- France
- United Kingdom
- Italy
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Stryker
- Grover Aesthetics
- Sunset Cosmetic Surgery
- Implantech
- GC Aesthetics
- Surgiform Technologies LLC
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NOSE RECONSTRUCTION MARKET, BY TYPE
CHAPTER 5: NOSE RECONSTRUCTION MARKET, BY TREATMENT
CHAPTER 6: NOSE RECONSTRUCTION MARKET, BY END USER
CHAPTER 7: NOSE RECONSTRUCTION MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Nose Reconstruction Market,' the nose reconstruction market was valued at $3.3 billion in 2020, and is estimated to reach $6.1 billion by 2030. Nose reconstruction is performed to change the shape of the disfigured nose due to accidents or birth defects. Furthermore, various people are suffering from conditions like a crooked nose or the presence of smooth a prominent bump in the bridge of the nose, r It is a type of plastic surgery that corrects deviated septum, which can be achieved by adjusting the nasal structure to produce better alignment.Factors that drive the Rhinoplasty Market growth are an increase in the prevalence of 3D imaging and model reconstruction of nasal cartilage. In addition, ultrasonic rhinoplasty involves the process of reshaping the nose by using ultrasonic devices. Ultrasonic devices protect the surrounding tissues of the nose. The rise in technological advancements in nose reconstruction devices propels the growth of the market. In addition, liquid rhinoplasty is a non-surgical alternative for nose reconstruction. It uses dermal fillers that change the shape of the nose. According to the American plastic surgeons features a new study includes an analysis of 5,000 non-surgical rhinoplasties were performed from 2015 to 2019. Further, the FDA aims to enhance the availability of appropriate, reliable, and accurate nose reconstruction devices to meet public health needs and increase access to treatments for consumers.
Rhinoplasty Market trends are the rise in the development of pharmaceutical and medical device industries and improvement in healthcare spending is anticipated to drive the growth of the nose reconstruction market. In addition, an increase in demand for performing nasal surgeries led to the development of innovative instruments in the healthcare sector, thereby propelling the growth of the market.
Moreover, initiatives taken by governments for the development of nose reconstruction devices and the development of the healthcare sector for manufacturing nose reconstruction of instruments are the key factors that boost thegrowth of the market. Furthermore, the surge in nose disorders led to an increase in the number of nasal surgeries propelling the growth of the market.
The rise in demand for plastic surgeries is attributed to driving the growth of the market. Nose reconstruction is one of the most popular cosmetic surgery procedures. Nose surgery is a highly individualized and exact technique a cosmetic surgeon can use depending on patients’ anatomy and desired changes. Thus, the presence of skilled professional surgeons is also expected to drive the substantial growth of the market during the forecast period.
The global nose reconstruction market is segmented on the basis of type, treatment, end-user, and region. On the basis of type, the market is divided into open rhinoplasty and closed rhinoplasty. The open rhinoplasty segment dominated the market in 2020, and this trend is expected to continue during the forecast period owing to an increase in the number of nose reshaping cases, advancements in R&D activities in the pharmaceutical & medical device industries, and a surge in the adoption of nose reconstruction instruments.
By treatment, the Rhinoplasty industry is classified into augmentation, reduction, revision, fillers, and others. The augmentation segment acquired the top position in the market in 2020, and this trend is expected to continue during the forecast period owing to a large number of nose reconstruction devices offered by key players and an increase in the use of nose plastic surgery. As per end-user, the market is classified into hospitals, plastic surgery clinics, and others. The hospital segment led the market in 2020, and this trend is expected to continue during the forecast period owing to advancements in the healthcare sector and an increase in the number of nose reconstruction surgeries.
North America accounted for the majority of the global Rhinoplasty Market share in 2020 and is anticipated to remain dominant during the forecast period. This is attributed to rising in the prevalence of road accidents, an increase in the number of approvals for nose reconstruction devices, the presence of key players, and development in technology for healthcare in the region. Asia-Pacific is anticipated to witness lucrative growth owing to an increase in nasal surgeries, growth in health care expenditures, and a rise in the adoption of nose reconstruction products.
Key findings of the Study
- By type, the open rhinoplasty segment was the highest contributor to the market in 2020.
- Depending on Treatment, the augmentation segment was the highest contributor to the market in 2020.
- As per end-user, the hospital segment was the highest contributor to the market in 2020.
- Region-wise, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- Stryker
- Grover Aesthetics
- Sunset Cosmetic Surgery
- Implantech
- GC Aesthetics
- Surgiform Technologies LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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