PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1508771
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1508771
The Global Rhinoplasty Implants Market is estimated to be valued at US$ 910.1 Mn in 2024 and is expected to reach US$ 2732.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 17% from 2024 to 2031.
Rhinoplasty, commonly known as nose surgery, is an elective cosmetic surgical procedure that reshapes and improves the appearance of the nose. It is one of the most popular cosmetic procedures performed worldwide. There has been a significant rise in the number of rhinoplasty procedures performed globally in recent years owing to the increasing awareness about the procedure and its effectiveness in improving facial features. Rhinoplasty implants are used to alter the shape and size of the nasal bone and cartilage during rhinoplasty surgery. Some of the commonly used rhinoplasty implants include alloplastic implants, silicone implants, and spreader grafts. The global market for rhinoplasty implants is expected to witness lucrative growth over the forecast period.
The global rhinoplasty implants market growth is driven by the rising popularity of cosmetic surgeries worldwide. There has been a considerable rise in discretionary income and living standards in developing countries which has boosted aesthetic consciousness. This, coupled with the increasing adoption of western beauty standards, is fueling the demand for rhinoplasty procedures. Additionally, continuous technological advancements in rhinoplasty implants have led to the development of safer and long-lasting implant materials such as biodegradable polymers which is creating new market opportunities. However, high costs associated with rhinoplasty surgeries along with the risks of complications are restricting the market growth. Moreover, stringent regulatory frameworks pertain to the approval of new rhinoplasty implants are also challenging market players. Nonetheless, the growing medical tourism industry in emerging economies is expected to offer potential growth opportunities for rhinoplasty implant manufacturers over the forecast period.
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