Gynecomastia Procedures Market Size - By Procedure Type (Liposuction, Excision), By Age Group (18-40 Years, Above 40 Years), By End-use& Global Forecast to 2032

Gynecomastia Procedures Market Size - By Procedure Type (Liposuction, Excision), By Age Group (18-40 Years, Above 40 Years), By End-use& Global Forecast to 2032

Gynecomastia procedures market size is expected to witness more than 8% CAGR from 2023 to 2032, primarily fueled by a growing awareness of the gynecomastia among men and the psychological distress it can cause. Moreover, the increasing availability of advanced treatment options, coupled with a rise in disposable income, is empowering individuals to seek corrective procedures for gynecomastia.

There has been a surge in cosmetic surgery tourism in recent times, with patients traveling across borders for affordable and high-quality gynecomastia procedures. As per the International Society of Aesthetic Plastic Surgery’s report, there is a 33.3% increase in aesthetic surgeries over the past four years. The report further states that in 2021, liposuction was the most common cosmetic surgical procedure reaching more than 1.9 million procedures. This will further add to the market growth.

Gynecomastia procedures market is divided based on procedure type, age group, end-use, and region.

The liposuction segment is expected to record around 8.3% CAGR from 2023 to 2032 due to its effectiveness in achieving a more natural chest contour. This minimally invasive technique involves the removal of excess fat tissue through small incisions which results in reduced scarring and quicker recovery times. The liposuction segment is anticipated to continue its growth trajectory, driven by advancements in technology, reduced procedural risks, and improved patient satisfaction.

The hospitals segment is anticipated to witness nearly 8.3% CAGR through 2032. The controlled and sterile environment of hospitals ensures patient safety and compliance with medical standards. These settings offer access to a wide range of specialized medical professionals and facilities, making them a preferred choice for gynecomastia procedures. Patients have confidence in hospitals as they provide comprehensive care, from initial consultations to post-operative follow-ups. The growing collaboration between hospitals and cosmetic surgeons is also contributing to the market's expansion.

Asia Pacific gynecomastia procedures market size is predicted to observe 9% CAGR from 2023 to 2032 attributed to the rising awareness of cosmetic procedures, improving healthcare infrastructure, and a growing middle-class population with higher disposable income. Countries like India, China, and South Korea are becoming hubs for medical tourism, attracting patients from across the globe for cost-effective gynecomastia procedures. With a burgeoning medical tourism industry and a focus on technological advancements, the Asia Pacific region is poised to be a key player in the global gynecomastia market.