by The global nose reconstruction market is poised for substantial growth in the coming years, fueled by a growing awareness of aesthetics and physical appearance. Recent advancements in treatment techniques, such as 3D computer-assisted technology, have heightened the demand for rhinoplasty surgery. Additionally, the increasing popularity of cosmetic surgery among celebrities and the growing awareness of these procedures among the general public are expected to drive market expansion.
According to data from the American Society of Plastic Surgeons (ASPS), nearly 13.3 million reconstructive surgeries were conducted worldwide in 2020, including approximately 352,555 nasal contouring procedures. This surge in demand for reconstructive surgeries is projected to propel the nose reconstruction market in the foreseeable future.
One significant factor contributing to the increase in nose reconstruction procedures is the rising number of road accidents. These surgeries not only enhance the physical appearance of patients but also boost their confidence and aid in their recovery from accident trauma. With the National Highway Traffic Safety Administration (NHTSA) reporting a 12% increase in motor vehicle traffic crash fatalities in 2021 compared to the previous year, the demand for cosmetic surgery is expected to rise further in the coming years.
Augmentation Systems Dominate Nose Reconstruction Market Owing to its Benefit in Congenital Defects
The augmentation systems category is expected to dominate the market in the forecast period due to the global prevalence of congenital nasal abnormalities. Augmentation procedures not only improve the aesthetic appearance of the nose but also enhance its functionality. In regions like Asia, augmentation nose surgery is a widely sought-after cosmetic treatment, with silicone implants being the preferred material for nose reconstruction. This preference for augmentation procedures offers a significant advantage to the nose reconstruction market, especially for individuals who prefer natural enhancements over artificial implants.
Growing Road Accidents to Drive Nose Reconstruction Growth in North America
North America currently leads the global nose construction market, thanks to an increase in road accidents, the presence of highly skilled cosmetic surgeons, key players in the development of nasal reconstruction equipment, and a well-established healthcare infrastructure. The regions adoption of cutting-edge technology, coupled with heightened consumer awareness of physical appearance, is expected to sustain growth.
The United States, with over 24,800 cosmetic surgeons, is set to top the list of countries with the most cosmetic surgeons globally. This positioning is expected to attract a substantial number of medical tourists seeking nose-reshaping procedures, further boosting the growth of the nose reconstruction market in North America.
Asia Pacific Region Poised for Significant Growth
The Asia Pacific region is expected to witness substantial growth, driven by rising income levels, a growing interest in physical appearance, and the popularity of medical tourism due to cost-effective procedures and improving healthcare infrastructure. Increased smartphone usage and millennials extensive presence on social media platforms are also expected to stimulate demand for cosmetic surgery, thereby propelling the expansion of the nose reconstruction market. South Korea, known as the global hub for cosmetic surgery, is particularly noteworthy, with approximately one out of every three women undergoing a cosmetic procedure, mainly associated with nasal surgery.
Global Nose Reconstruction Market: Competitive Landscape
Leading players in the nose reconstruction market include Stryker, Grover Aesthetics, Sunset Cosmetic Surgery, Implantech, GC Aesthetics, Surgiform Technologies LLC, COMEG Medical Technologies, and New York Center for Facial Plastic & Laser Surgery.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/nose-reconstruction-market
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This press release first seen on Brilad
COMTEX_441954137/2840/2023-10-16T02:24:57
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.