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Sex Reassignment Surgery Market to get significant proceeds by 2026

Author : Ronak Bora | Published Date : 2020-09-03 

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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In 2019, the male to female gender reassignment surgery segment was valued to be around $184.6 million, owing to the rising availability of expert opinions regarding the medical necessity of procedures related to gender transition and the growing availability of insurance coverage for the surgical procedures that are associated to the male to female sex reassignment.

As per findings, the male to female gender confirmation surgeries are nearly three times more as compared to the female to male surgeries. As such, the aforementioned factors are anticipated to drive segment growth over the analysis timeframe.

Based on body parts, the male to female transition surgeries are classified into genital, facial, and breast surgeries. The genital surgery segment is further categorized into vaginoplasty, orchiectomy, and phallectomy. The surgical procedures are done for transitioning the male genital parts into those of a female by changing the appearance and functions respectively.

Meanwhile, the female to male reassignment procedures are bifurcated into facial, genital, chest. The genital surgery in this segment involves procedures like hysterectomy and phalloplasty which help in changing female genitals into male genitals.

All in all, the expanding efficacy of gender transition surgeries would lead to market growth.

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. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/sex-reassignment-surgery-market

Partial Chapter of the Table of Content 

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 Worldwide increase in number of people opting for sex change surgeries    Favorable government policies in the United States Rising awareness among the transgender population regarding sex change surgeries

3.3.2.    Industry pitfalls & challenges High cost of the procedures    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

Chapter 4.    Sex Reassignment Surgery Market, By Gender Transition

4.1. Key segment trends

4.2. Male to female

4.2.1.    Market size, by region, 2015 – 2026 (USD Million)

4.2.2.    Facial    Market size, by region, 2015 – 2026 (USD Million)

4.2.3.    Breast    Market size, by region, 2015 – 2026 (USD Million)

4.2.4.    Genital    Market size, by region, 2015 – 2026 (USD Million)    Phallectomy    Market size, by region, 2015 – 2026   Orchiectomy    Market size, by region, 2015 – 2026    Vaginoplasty    Market size, by region, 2015 – 2026

4.3. Female to male

4.3.1.    Market size, by region, 2015 – 2026 (USD Million)

4.3.2.    Facial    Market size, by region, 2015 – 2026 (USD Million)

4.3.3.    Chest    Market size, by region, 2015 – 2026 (USD Million)

4.3.4.    Genital    Market size, by region, 2015 – 2026 (USD Million)    Hysterectomy    Market size, by region, 2015 – 2026   Phalloplasty    Market size, by region, 2015 – 2026

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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