A sizable portion of males across the globe are highly self-conscious about their looks and appearance. As a result, several males notice their developed chests when glancing in the mirror. And as this isn’t fat, it doesn’t go away no matter how many chest activities one performs.
Gynecomastia refers to the enlargement of male breasts that is caused by a drop in testosterone levels. The condition may affect one or more breasts in babies, adolescents, or older adults. This blog post gives you a brief understanding of gynecomastia and covers the major factors propelling the gynecomastia procedures market forward.
Who’s at the Risk of Developing Gynecomastia?
Over half of the newborns are affected by gynecomastia due to the influence of their mother’s oestrogen. But it often goes away within three weeks of birth. Hormonal changes through adolescence can often bring on gynecomastia, though it can go away within a span of six months to two years.
Gynecomastia is likely to manifest in people between the age groups of 50 to 80. The testosterone levels of males drop as they age, leading the breast glands to grow. Along with hormonal changes, consumption of medicines like steroids, antibiotics, heart medications, and drugs can also lead to gynecomastia.
Market Analysis and Growth Drivers
According to a new study by Polaris Market Research and Consulting, the gynecomastia procedures market size was USD 805.02 million in 2022 and is expected to grow to USD 1,699.52 million by 2032, exhibiting a CAGR of 8.1% during the forecast period.
The market for gynecomastia procedures is primarily driven by the following factors:
- Growing correlation between self-esteem and physical appearance
- Rising geriatric population in developed nations
- Sedentary lifestyle habits and poor dietary intake
Symptoms of Gynecomastia
Below, we’ve listed the major symptoms of gynecomastia:
- The primary sign of gynecomastia is the enlargement of one or two breasts. The condition usually affects both breasts, but sometimes it may only affect one.
- Development of a coin-sized breast bud around the breast. This usually happens during puberty and can last for up to two years.
- Breast abscesses are another issue that may lead to gynecomastia. Individuals who are affected by breast abscesses may experience fever or chills.
- The breast may be sore or hurt when touched.
The Hospitals Segment is Anticipated to Grow at a Steady Rate
By end use, the hospitals segment is projected to witness a robust growth rate over the forecast period. Hospitals provide a wide range of healthcare services and have various departments and advanced medical equipment. With gynecomastia gaining recognition as a medical concern, hospitals have enlarged their services to offer gynecomastia procedures. This trend contributes to the lucrative growth of the hospital segment in the gynecomastia procedures market.
Types of Gynecomastia Procedures
Below is a quick overview of the two main gynecomastia procedure types:
Liposuction: Also known as lipoplasty and body contouring, liposuction is a type of surgery to remove fat from specific body areas like hips, stomach, and thighs. It works for people who have a lot of body fat in specific body areas but are otherwise healthy.
Excision: This is a surgical procedure that’s used for the removal of growth like moles and masses. It’s performed under local anesthesia and takes around 30 to 45 minutes to complete.
North America Dominated the Market in 2022
The gynecomastia procedures market in North America region is characterized by intense competition. North America has several specialized clinics and hospitals that offer a wide range of gynecomastia treatment options. The competitive environment boosts innovation and ensures top-notch care standards. This, in turn, further strengthens North America’s dominance in the industry.
End Note and Conclusion
There has been a significant rise in the instances of gynecomastia in the past few years. Research studies show that over 50-60% of adolescent boys experience gynecomastia during surgery. Advancements in treatment options such as liposuction and glandular tissue excision is one of the major factors anticipated to drive the gynecomastia procedures market demand in the upcoming years.