PUBLISHER: Grand View Research | PRODUCT CODE: 1321415
PUBLISHER: Grand View Research | PRODUCT CODE: 1321415
The global gynecomastia procedures market size is expected to reach USD 1.58 billion by 2030, based on a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 8.8% from 2023 to 2030. The increasing awareness about gynecomastia, changing lifestyles such as sedentary habits, poor diet, hormonal imbalances, and the use of certain medications such as anabolic steroids, and antidepressants are the prime factors that drive the market growth.
Furthermore, advanced minimally invasive procedure approaches such as liposuction and glandular tissue excision have expanded treatment options for gynecomastia. These advancements have improved patient outcomes and satisfaction, further driving market growth. In addition, minimally invasive techniques have gained popularity in gynecomastia treatment as this treatment offers less invasive procedures, reduced scarring, faster recovery times, and improved cosmetic outcomes.
Advanced liposuction techniques, such as power-assisted liposuction (PAL) or ultrasound-assisted liposuction (UAL), have enhanced precision and improved results. Laser-assisted liposuction, such as Smartlipo or VASERlipo, utilizes laser or ultrasound energy to liquefy fat cells before removal. This technique can help tighten the skin and improve overall contour.
COVID-19 had a large impact on the market for gynecomastia. The procedure volume witnessed a significant decrease during the pandemic as gynecomastia is a minimally invasive treatment and the majority of the cosmetic clinics put a halt on such treatments. However, the market regained revenue post-pandemic. During the peak of the pandemic, the healthcare industry drastically adopted a more digital approach to minimize in-person visits and reduce the risk of transmission. This allowed patients to discuss their concerns remotely, including gynecomastia-related issues, and receive guidance or recommendations from healthcare professionals.