The global nose reconstruction market size was US$ 3.51 billion in 2021. The global nose reconstruction market size is forecast to reach US$ 6.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.6% during the forecast period from 2022 to 2030.
Nose reconstruction is a surgical process through which shape, size, or position can change in order to improve the person's beauty. The other name for nose reconstruction is rhinoplasty. There are two main types of nose reconstruction surgeries: open rhinoplasty and closed rhinoplasty. Rhinoplasty involves changing the size, shape, and proportions of a person's nose. An injury can cause deformities, a birth defect can correct, or breathing problems can improve by this procedure.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. In response to a decline in the number of surgeries worldwide, limited resources and capacities (such as hospital beds and patient care professionals) were allocated to COVID-19 patient care. There was a decline in the number of patients undergoing nose reconstruction surgery. In addition, these patients were at higher risk for COVID-19 infection due to the transfer of the virus through surgical equipment. Therefore, there was a decline in the demand for nose reconstruction products worldwide.
Regional Insights
North America garnered the largest share in the market in 2021 and is forecast to maintain its market share during the forecast period. As a result of the increasing road accidents, the existence of leading players, well-structured hospital infrastructure, and existing prominent cosmetic surgeons.
The Asia Pacific region is forecast to have lucrative growth during the forecast period. It is likely due to rising income levels, increased physical attributes, and widespread medical tourism resulting from the low treatment costs and better health care in the area.
Leading Competitors
The leading prominent companies profiled in the global nose reconstruction market are:
Scope of the Report
The global nose reconstruction market segmentation focuses on Type, Treatment, End-User, and Region.
Segmentation based on Type
Segmentation based on Treatment
Segmentation based on End-User
Segmentation based on Region