South Korea Rhinoplasty Market Size & Outlook, 2022-2030
South Korea rhinoplasty market, 2018-2030 (US$M)
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South Korea rhinoplasty market highlights
- The South Korea rhinoplasty market generated a revenue of USD 178.5 million in 2022 and is expected to reach USD 395.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.5% from 2023 to 2030.
- In terms of segment, augmentation was the largest revenue generating treatment type in 2022.
- Augmentation is the most lucrative treatment type segment registering the fastest growth during the forecast period.
Rhinoplasty market data book summary
| Market revenue in 2022 | USD 178.5 million |
| Market revenue in 2030 | USD 395.6 million |
| Growth rate | 10.5% (CAGR from 2022 to 2030) |
| Largest segment | Augmentation |
| Fastest growing segment | Augmentation |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Augmentation, Reduction, Post traumatic, Reconstructive, Revision, Filler |
| Key market players worldwide | Stryker Corp, Implantech, GC Aesthetics, Surgiform Technology |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.2% of the global rhinoplasty market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan rhinoplasty market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 507.7 million by 2030.
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Rhinoplasty Market Scope
Rhinoplasty Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea rhinoplasty market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to rhinoplasty market will help companies and investors design strategic landscapes.
Augmentation was the largest segment with a revenue share of 17.7% in 2022. Horizon Databook has segmented the South Korea rhinoplasty market based on augmentation, reduction, post traumatic, reconstructive, revision, filler covering the revenue growth of each sub-segment from 2018 to 2030.
Key market drivers include growing awareness, rapidly aging population, and increasing esthetic consciousness among people. Development of new and advanced technology is also widening the scope for evolution of cosmetic procedures.
The cosmetic treatment fees in South Korea is approximately 40% to 80% lesser than other countries. Thus, every year thousands of people travel to South Korea to undergo cosmetic surgery.
According to the International Society of Aesthetic Plastic Surgery (2017), South Korea was among the top five countries with the highest number of plastic surgeons. There were 2,330 plastic surgeons in the country, representing 5.4% of the total plastic surgeons in the world.
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Our clientele includes a mix of rhinoplasty market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea rhinoplasty market , including forecasts for subscribers. This country databook contains high-level insights into South Korea rhinoplasty market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea rhinoplasty market size, by treatment type, 2018-2030 (US$M)
South Korea Rhinoplasty Market Outlook Share, 2022 & 2030 (US$M)
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