According to a research report published by Spherical Insights & Consulting, the global gynecomastia surgery market size will be valued at USD 876 million in 2023, and the global gynecomastia surgery market size will reach USD 1.9 billion by 2033. is expected to reach. Companies covered: Cadila Pharmaceuticals Ltd, Biochem Pharmaceutical Industries Ltd, Dr. Reddy's Laboratories Ltd, Micro Nova Pharmaceuticals Ltd, Kee Pharma Ltd, Sun Pharmaceuticals Industries Ltd, Zydus Cadila Healthcare Ltd, Allergan (AbbVie Inc.), Sientra, Inc., GC Aesthetics, POLYTECH Health & Aesthetics GmbH, Mentor Worldwide LLC (Johnson & Johnson), and other major companies.
New York, USA, March 15, 2024 (Globe Newswire) — The global gynecomastia surgery market size will grow from USD 876 million in 2023 to 2033, at a compound annual growth rate (CAGR) of 8.05%. It is expected to grow to USD 1.9 billion by the end of the year. During the scheduled period.
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Gynecomastia surgery is a surgical procedure used to treat gynecomastia, a condition in which a man's breast tissue develops excessively. This may be due to hormonal imbalances, certain medications, or underlying health issues. Techniques used to restore a more masculine breast appearance include liposuction, glandular tissue excision, or a combination of both. More men are considering treatment options for gynecomastia as awareness of cosmetic and aesthetic procedures increases and the stigma against seeking such treatments decreases. Additionally, advancements in surgical techniques such as the use of ultrasound-assisted liposuction and tissue excision are contributing to the market growth by providing safer and more effective treatment options. Personal disposable income is increasing, especially in developed countries, making cosmetic procedures more affordable. However, affordability and accessibility remain obstacles, especially in areas where cosmetic surgery is not covered by insurance. This may limit the reach of certain segments of the global gynecomastia surgery market.
See 210 market data tables and 45 figures across 190 pages, as well as a detailed table of contents. ”Global gynecomastia surgery market Size, share, impact analysis of the new coronavirus infection, by age group (18-40 years old, 40 years old or older), by surgery type (liposuction, excision), by end use (hospital, cosmetic surgery center), by region (North America), Europe, Asia Pacific, Latin America, Middle East and Africa), 2023-2033 analysis and forecasts.
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The above-mentioned 40 segments are expected to grow at the fastest pace in the global gynecomastia treatment market during the forecast period.
Based on age group, the Gynecomastia Treatment market has been segmented into 18-40 years and Above 40 years age groups. Out of this, the 40+ segment is expected to grow at the fastest pace in the global gynecomastia treatment market during the forecast period. This is due to the aging process that causes hormonal fluctuations, the gradual effects of risk factors such as drug use, health conditions common among older people, and increased economic resources.
resection segment is expected to grow at the highest pace in the global gynecomastia surgery market. Expected duration.
Based on surgery type, the global gynecomastia surgery market is segmented into liposuction and excision. Among these, the excision segment is expected to grow at the highest pace in the global gynecomastia treatment market during the forecast period. The increasing acceptance of excisional surgery may be due to advances in surgical techniques for removing glandular tissue. Surgeons can now use more sophisticated and precise methods to remove glandular tissue with minimal scarring.
The cosmetic surgery center segment is expected to grow the fastest in the global gynecomastia treatment market during the forecast period.
The global gynecomastia treatment market is segmented by end use in hospitals and cosmetic surgery centers. Among these, the cosmetic surgery center segment is anticipated to grow the fastest in the global gynecomastia treatment market during the forecast period. The Cosmetic Surgery Center specializes in a wide range of cosmetic procedures, including body contouring and breast surgery. Additionally, cosmetic surgery centers are more concerned with aesthetic outcomes because they understand how gynecomastia can affect a patient's self-confidence and body image.
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North America dominates the market with the largest market share during the forecast period.
North America is projected to hold the largest share in the global gynecomastia treatment market during the forecast period. Advanced medical infrastructure, a rigorous regulatory environment, a focus on patient safety and quality of care, and the presence of major companies all help drive growth in the region. Additionally, lower medical costs and increased disposable income make it easier for clients to receive treatment for gynecomastia.
Asia Pacific is anticipated to grow the fastest in the global gynecomastia surgery market during the anticipated forecast period. As awareness of gynecomastia and its treatment options increases in the Asia-Pacific region, the stigma surrounding it is diminishing, resulting in increased acceptance and demand for treatment.
Competitive analysis:
The report offers pertinent analysis of key organizations/companies involved in the global market along with comparative evaluation mainly based on product offerings, business overview, geographical presence, corporate strategies, segment market shares, and SWOT analysis. . The report also provides in-depth analysis focusing on the company's current news and developments, including product development, innovation, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and more. This allows you to assess the overall competition within the market. The key vendors in the global gynecomastia treatment market are Cadila Pharmaceuticals Ltd, Biochem Pharmaceutical Industries Ltd, Dr. Reddy's Laboratories Ltd, Micro Nova Pharmaceuticals Ltd, Kee Pharma Ltd, Sun Pharmaceuticals Industries Ltd, Zydus Cadila Healthcare Ltd, Allergan (AbbVie Inc ), Sientra, Inc., GC Aesthetics, POLYTECH Health & Aesthetics GmbH, Mentor Worldwide LLC (Johnson & Johnson) and others.
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recent trends
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In March 2023, Cadila Pharma has announced plans to invest worth Rs 1,000 crore in expanding its existing Gujarat facility.
market segment
This study projects global Gynecomastia Surgery revenue from 2020 to 2033 at regional and country levels. Spherical Insights has segmented the global Gynecomastia Surgery market on the basis of following segments:
Global gynecomastia surgery market, age group analysis
Global Gynecomastia Surgery Market, Analysis of Surgery Types
Global gynecomastia surgery market, end-use analysis
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hospital
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Cosmetic surgery center
Global gynecomastia surgery market, regional analysis
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North America
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Europe
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Germany
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England
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France
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Italy
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Spain
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Russia
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rest of europe
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Asia Pacific
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China
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Japan
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India
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South Korea
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Australia
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Rest of Asia Pacific
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south america
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Brazil
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Argentina
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rest of south america
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middle east and africa
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