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Global Gynecomastia Procedures Market – Industry Trends and Forecast to 2031

Healthcare

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Global Gynecomastia Procedures Market – Industry Trends and Forecast to 2031

  • Healthcare
  • Upcoming Report
  • Mar 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Gynecomastia Procedures Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 810.00 USD Million
Diagram Market Size (Forecast Year) USD 1,510.40 USD Million
Diagram CAGR %

Major Markets Players

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Global Gynecomastia Procedures Market, By Procedure Type (Liposuction and Excision), Age Group (18-40 Years and Above 40 Years), End-Use (Hospitals, Cosmetic Surgical Centers and Others) – Industry Trends and Forecast to 2031.

Gynecomastia Procedures Market

Gynecomastia Procedures Market Analysis and Size

The global gynecomastia market is experiencing steady growth driven by several factors. Gynecomastia, a medical condition characterized by the enlargement of breast tissue in males, is increasingly recognized as a prevalent issue affecting men of all ages worldwide. Factors such as hormonal imbalances, obesity, side effects of certain medications, and genetic predispositions contribute to the development of gynecomastia, leading to a growing patient population seeking medical intervention.

Data Bridge Market Research analyses that the global gynecomastia procedures market which was USD 810.00 million in 2023, would rocket up to USD 1,510.40 million by 2031, and is expected to undergo a CAGR of 8.1% during the forecast period 2024 to 2031. “Liposuction” dominates the material segment of the gynecomastia procedures market due advancements in surgical techniques and technology have improved the safety and outcomes of excision procedures, making them a preferred choice for several patients and healthcare professionals. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Procedure Type (Liposuction and Excision), Age Group (18-40 Years and Above 40 Years), End-Use (hospitals, cosmetic surgical centers and others)

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific, South Africa, Rest of Middle East and Africa, Brazil, and Rest of South America

Market Players Covered

MicroAire Surgical Instruments  (U.S.), Vyaire Medical  (U.S.), Alma Lasers  (Israel), Bausch Health Companies (Canada), Stryker (U.S.), Lumenis (Israel), Aesthetic Group (U.S.), Candela Corporation (U.S.), Johnson & Johnson Services, Inc. (U.S.), Cutera (U.S.), Merz Pharma (Germany), GALDERMA (Switzerland), Cynosure (Hologic, Inc.) (U.S.), AbbVie Inc. (U.S.) among others

Market Opportunities

  • Increasing Prevalence of Obesity
  • Rising Number of Men Affected by Hormonal Imbalances
  • Upsurge in Technological Advancements

Market Definition

Gynecomastia procedures, also known as male breast reduction surgery, encompass a range of surgical techniques aimed at addressing the enlargement of male breast tissue. Gynecomastia, a condition characterized by excess glandular tissue and/or fat deposition in the male chest area, can occur due to hormonal imbalances, genetic factors, certain medications, or underlying medical conditions. Gynecomastia procedures typically involve the surgical excision of excess glandular tissue, liposuction to remove excess fat, or a combination of both approaches to achieve a more masculine chest contour. These procedures are performed by board-certified plastic surgeons under general or local anesthesia, depending on the extent of correction needed.

Global Gynecomastia Procedures Market Dynamics

Drivers

  • Increasing Prevalence of Gynecomastia

The global prevalence of gynecomastia, characterized by the enlargement of male breast tissue, is on the rise. Factors such as hormonal imbalances, obesity, use of certain medications, and aging contribute to the development of gynecomastia. As awareness about the condition grows and societal norms regarding male body image evolve, more individuals seek treatment options, driving the demand for gynecomastia procedures worldwide.

  • Advancements in Cosmetic Surgery Techniques

Technological advancements and innovations in cosmetic surgery techniques have led to safer, more effective gynecomastia procedures with improved outcomes and reduced recovery times. Techniques such as liposuction, glandular tissue excision, and minimally invasive approaches offer patients a range of options tailored to their specific needs and preferences. The availability of advanced surgical techniques enhances patient satisfaction and contributes to the overall growth of the gynecomastia procedures market.

  • Rising Awareness and Acceptance Of Cosmetic Procedures

There is a growing acceptance of cosmetic procedures, including gynecomastia surgery, among men worldwide. Changing societal attitudes, increased media visibility, and celebrity endorsements of cosmetic treatments contribute to the normalization of aesthetic procedures for men. As more men seek to address physical concerns and achieve their desired body image, the demand for gynecomastia procedures continues to increase, driving market growth.

Opportunities

  • Expansion in Emerging Markets

Emerging economies, particularly in Asia-Pacific, Latin America, and the Middle East, are witnessing a rise in demand for cosmetic procedures, including gynecomastia surgery. Factors such as increasing disposable income, urbanization, and changing societal norms contribute to the growing acceptance of aesthetic treatments in these regions. Gynecomastia procedure providers can capitalize on opportunities in emerging markets by expanding their presence, establishing partnerships with local healthcare providers, and tailoring their services to meet the specific needs and preferences of diverse patient populations.

  • Expansion of Non-Surgical Treatment Options

There is an opportunity to expand the range of non-surgical treatment options for gynecomastia, including pharmacological interventions and non-invasive procedures. Research and development efforts focused on identifying novel pharmaceutical agents, such as selective estrogen receptor modulators (SERMs) or aromatase inhibitors, as well as non-surgical techniques like radiofrequency ablation or cryolipolysis, can provide additional alternatives for patients seeking nonsurgical approaches to gynecomastia management.

  • Growing Investment for Healthcare Facilities

Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities. 

Restraints

  • Side Effects associated with the surgical procedure

Like any surgical procedure, gynecomastia surgery carries inherent risks, including infection, bleeding, scarring, asymmetry, and changes in nipple sensation. Patients considering gynecomastia procedures may be concerned about the potential for complications and side effects, which can deter some individuals from pursuing treatment.

  • Regulatory and Legal Considerations

Gynecomastia procedures are subject to regulatory oversight and legal considerations, which vary by jurisdiction. Regulatory compliance, medical liability concerns, and malpractice insurance costs can impact the availability and affordability of gynecomastia procedures, particularly in regions with stringent regulatory frameworks or high litigation risks.

Challenges

  • Variability in Treatment Outcomes

The success of gynecomastia procedures can vary depending on factors such as the severity of gynecomastia, patient anatomy, surgical technique, and post-operative care. While many patients achieve satisfactory results with gynecomastia surgery, others may experience suboptimal outcomes such as asymmetry, contour irregularities, or persistent glandular tissue. Managing patient expectations, selecting appropriate surgical techniques, and optimizing post-operative care are challenges faced by healthcare providers to ensure consistent and favorable treatment outcomes.

  • Lack of Insurance Coverage

Gynecomastia surgery is often considered a cosmetic procedure and may not be covered by health insurance plans. This lack of insurance coverage can pose a significant financial barrier for individuals seeking treatment, as they are required to bear the full cost of the procedure out-of-pocket. The absence of insurance reimbursement limits access to gynecomastia surgery for many patients, particularly those with limited financial means, thus hindering market growth.

This global gynecomastia procedures market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global gynecomastia procedures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In April 2021, several new technologies were introduced for treatment of gynecomastia including fat grafting, ultrasound-assisted liposuction (UAL), among others. Such innovative technologies have enabled the expansion of tissue removal capability by liposuction

Global Gynecomastia Procedures Market Scope

The global gynecomastia procedures market is segmented on the basis of procedure type, age group and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Procedure Type

  • Liposuction
  • Excision

 Age Group

  • 18-40 years
  • Above 40 years

 End-Use

  • Hospitals
  • Cosmetic surgical centers
  • Others

Global Gynecomastia Procedures Market Regional Analysis/Insights

The global gynecomastia procedures Market is analysed and market size insights and trends are provided by country, procedure type, age group and end use as referenced above.

The countries covered in the global gynecomastia procedures market report are U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific (APAC), Brazil, rest of South America in South America, South Africa, and rest of Middle East and Africa in Middle East and Africa (MEA).

North America global gynecomastia procedures market is dominating due to the rise cosmetic surgeries, the presence of major market players and increased technological advancement in the region.

Asia-Pacific is projected to observe significant amount of growth in the gynecomastia procedures market due to the rapid necessity for telemedicine and healthcare support. Moreover, the modernization and development in telecommunication is further anticipated to propel the growth of the gynecomastia procedures market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The global gynecomastia procedures market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for lobal gynecomastia procedures market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global gynecomastia procedures market. The data is available for historic period 2016-2021.

Competitive Landscape and Global Gynecomastia Procedures Market Share Analysis

The global gynecomastia procedures market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global gynecomastia procedures market.

Some of the major players operating in the global gynecomastia procedures market are:

  • MicroAire Surgical Instruments  (U.S.)
  • Vyaire Medical  (U.S.)
  • Alma Lasers  (Israel)
  • Bausch Health Companies (Canada)
  • Stryker (U.S.)
  • Lumenis (Israel)
  • Aesthetic Group (U.S.)
  • Candela Corporation (U.S.)
  • Johnson & Johnson Services, Inc. (U.S.)
  • Cutera (U.S.)
  • Merz Pharma (Germany)
  • GALDERMA (Switzerland)
  • Cynosure (Hologic, Inc.) (U.S.)
  • AbbVie Inc. (U.S.)


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FREQUENTLY ASK QUESTIONS

The Gynecomastia Procedures Market size will be worth USD 1,510.40 million by 2031 during the forecast period.
The Gynecomastia Procedures Market growth rate is 8.1% during the forecast period.
The Increasing Prevalence of Gynecomastia and Advancements in Cosmetic Surgery Techniques are the growth drivers of the Gynecomastia Procedures Market.
The procedure type, age group, and end-use are the factors on which the Gynecomastia Procedures Market research is based.
The major companies in the Gynecomastia Procedures Market are MicroAire Surgical Instruments (U.S.), Vyaire Medical (U.S.), Alma Lasers (Israel), Bausch Health Companies (Canada), Stryker (U.S.), Lumenis (Israel), Aesthetic Group (U.S.), Candela Corporation (U.S.), Johnson & Johnson Services, Inc. (U.S.), Cutera (U.S.), Merz Pharma (Germany), GALDERMA (Switzerland), Cynosure (Hologic, Inc.) (U.S.), AbbVie Inc. (U.S.).
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