The global Rhinoplasty Market was valued at USD 6.29 billion in 2023 and is projected to reach USD 11.90 billion by 2032, with a CAGR of 7.36%. The U.S. market contributed USD 2.04 billion in 2023 and is expected to grow to USD 3.53 billion by 2032 at a CAGR of 6.28%.
Rhinoplasty has evolved from a cosmetic procedure to addressing functional needs like breathing difficulties and nasal deformities. Global demand is driven by minimally invasive procedures, advanced surgical techniques, and 3D imaging technologies. In the U.S., cultural acceptance of cosmetic procedures and skilled surgeons boost growth, while international demand is rising due to medical tourism in Asia-Pacific and Latin American countries.
Major players in the Rhinoplasty market include Stryker, Grover Aesthetics, Sunset Cosmetic Surgery, Implantech, GC Aesthetics, and Surgiform Technologies LLC. Open rhinoplasty led with a 56.4% market share in 2023, while closed rhinoplasty is gaining popularity for its minimally scarring and shorter recovery time approach.
North America dominates the Rhinoplasty market due to high disposable income, top cosmetic surgery centers, and cultural acceptance of aesthetic procedures. The U.S. accounts for the highest revenue in the region. Medical tourism in South Korea, Thailand, and India is driving growth in the Asia Pacific market, with increasing social media influence and beauty standards boosting demand.
Recent developments in the Rhinoplasty market include Stryker’s Superior Nasal Cartilage Grafting Equipment, 3D Systems’ augmented reality capabilities for surgical planning, and Allergan Aesthetics’ nonsurgical rhinoplasty augmentation filler product. SNS Insider offers in-depth market research and consulting services globally. Our company provides clients with essential market data, consumer insights, and expert opinions to help them make confident decisions in a rapidly changing environment. We use surveys, video talks, and focus groups worldwide to gather accurate information for our clients.
Read more at GlobeNewswire: Rhinoplasty Market to Reach USD 11.90 Billion by 2032,