Sex Reassignment Surgery Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Growing awareness about transgender problems will influence sex reassignment surgery market outlook worldwide, along with favorable government policies associated with gender transition. Expanding patient pool with an inclination towards changing sex from female to male and vice-verse will result in rise in number of sex reassignment procedures.
Over the past few years, the number of such patients has increased nearly four times. For instance, as per the recent data by the American Society of Plastic Surgeons, more than 3,000 trans masculine and trans feminine surgeries were conducted in 2016. Rise in number of gender transition surgeries will boost industry growth in the coming years. Sex reassignment surgery market size is forecast to surpass USD 1.5 billion in value by 2026 globally.
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Increased number of resources and availability of gender reassignment surgical centers is attracting more transgender population to undergo the knife. As per a study published in the American Journal of Psychiatry, gender reassignment surgery lowers the risk of anxiety, depression or suicidal behavior in transgenders along with imparting long term mental health benefits to them. Rising knowledge pertaining to solutions for transgender issues will encourage sex reassignment surgeries.
According to recent studies, the number of gender confirmation surgeries from male to female are 3 times more than female to male surgeries. In 2019, male to female sex reassignment surgery accounted for a revenue of over USD 184.6 million. The growth can be attributed to the rise in medical insurance coverage for male to female fender reassignment procedures along with the availability of expert opinions on the medical necessity of gender transition.
Increasing effectiveness of gender transition surgeries is encouraging more population with gender issues to opt for these solutions. The female to male surgeries are divided into chest, genital and facial, operations. The genital surgery encompasses the surgical procedures like phalloplasty and hysterectomy that aids in in transitioning female genitals into male genitals.
Male to female surgeries are bifurcated into breast, genital and facial procedures. The genital surgery is further divided into orchiectomy, vaginoplasty and phallectomy. These surgeries are carried out for restructuring the male genitals into female genitals by altering function as well as appearance.
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United States sex reassignment surgery market share is likely to grow at nearly 24.5% CAGR through 2026. The American Society of Plastic Surgeons has confirmed that there was an increase of around 20% sex transition procedures in 2016 in the country when compared to the previous year. Transgender men as well as women in the developed countries are inclined to undergo gender change surgery owing to more support and availability, which has significantly triggered the demand for sex reassignment operations.
Prominent players offering different sex reassignment procedures include Yeson Voice Center, Sava Perovic Foundation Surgery, Transgender Surgery Institute of Southern California, Rumer Cosmetics Surgery, Bupa Cromwell Hospital, Phuket International Aesthetic Center, Chettawut Plastic Surgery Center and Mount Sinai Center for Transgender Medicine and Surgery.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Sex reassignment surgery industry 3600 synopsis, 2015 - 2026
2.1.1. Business trends
2.1.2. Gender transition trends
2.1.3. Regional trends
Chapter 3. Sex Reassignment Surgery Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 – 2026
3.3. Industry impact forces
3.3.1. Growth drivers
184.108.40.206. Worldwide increase in number of people opting for sex change surgeries
220.127.116.11. Favorable government policies in the United States
18.104.22.168. Rising awareness among the transgender population regarding sex change surgeries
3.3.2. Industry pitfalls & challenges
22.214.171.124. High cost of the procedures
126.96.36.199. Rise in incidence of sex change regret
3.4. Growth potential analysis
3.4.1. By gender transition
3.5. Porter’s analysis
3.6. Competitive landscape, 2018
3.6.1. Strategy dashboard
3.7. PESTEL analysis
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