Sex Reassignment Surgery Market Size By Gender Transition [Male to Female{ Facial, Breast, Genitals}, Female to Male {Facial, Chest, Genitals}] Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024

Published Date: Sep 2018  |  Report ID: GMI2926  |  Authors: Sumant Ugalmugale, Rupali Swain

Report Format: PDF   |   Pages: 120   |   Base Year: 2017

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Sex Reassignment Surgery Market size was valued over USD 200 million in 2017 and is expected to witness more than 25% CAGR from 2018 to 2024.

U.S. Sex Reassignment Surgery Market, By gender transition, 2013 – 2024 (USD Million)

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Worldwide increasing number of sex change surgeries is the primary factor driving global sex reassignment surgery market growth. In fact, a surge is seen in the patients wanting to change their sex from male to female or vice versa, increased nearly fourfold in the last decade. According to the recent statistics from The American Society of Plastic Surgeons, in the U.S. plastic surgeons performed more than 3,250 sex change operations in the year 2016, increased by 19% as compared to the previous year.

Favourable government policies related to gender change surgeries happens to be a major market shaping and driving factors, especially in developed countries; for example, presence of favourable government policies such as The Affordable Care Act in the U.S. prevents most of the health insurers from discriminating transgenders from other country population. With increasing provision for transgender population and diminishing social phobia, more and more gender reassignment operations are likely to happen in near future.

From the demand side, increase in awareness and resources regarding transgender issues and accessibility related to gender reassignment surgical procedures have been resulting in boosting the demand for sex reassignment surgeries. During the forecast period, continuation of this trend will strongly drive the sex reassignment industry growth, especially in developing regions.

The high cost the gender reassignment surgical procedure will be one of the major market impeding factor. Apart from the countries that provide public healthcare insurance to the transgender patients, the market growth in the remaining countries will be hampered by the high cost of the surgical procedure and absence of favourable policies, resulting in declining demand.

Sex Reassignment Surgery Market Report Coverage
Report Coverage Details
Base Year: 2017 Market Size in 2017: 200 Million (USD)
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2024
Forecast Period 2018 to 2024 CAGR: 25% 2024 Value Projection: 968 Million (USD)
Pages: 120 Tables, Charts & Figures: 139
Geographies covered (17): U.S., Canada, Germany, UK, France, Spain, Italy, Serbia, Japan, China, India, Australia, Thailand, Brazil, Mexico, South Africa, Saudi Arabia
Segments covered: Gender Transition and Region
Companies covered (8): Mount Sinai Centre for Transgender Medicine and Surgery (CTMS), Transgender Surgery Institute of Southern California, Rumercosmetics, Chettawut Plastic Surgery Centre, Phuket International Aesthetic Centre (PIAC), Sava Perovic Foundation Surgery, Yeson Voice centre, Bupa Cromwell Hospital
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
Pitfalls & Challenges:
  • High cost of the procedures
  • Rise in incidences of sex change regret

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Sex Reassignment Surgery Market, By Gender transition

Male to female gender reassignment surgery market valued USD 115.5 million in 2017, owing to higher number of males opted for transition surgery compared to 2016. Transition from male to female is a rapidly growing and preferred surgery in gender reassignment industry; in fact, nearly 60% of total surgeries are male to female transition, rest being for transgender male. With reducing complexities, the demand for male to female sex reassignment surgeries market is anticipated to expand rapidly over the forecast period.

Genital reconstruction procedures in male to female surgeries held lowest share among other body parts; however, male to female genital reconstruction market is estimated to expand with a highest CAGR of over 26% during the forecast period, owing to increasing number of interested transgender female and diminishing complexity pertaining to Phallectomy and Vaginoplasty. With more and more surgeons offering male to female genital removal and reconstruction, the number of surgeries is most likely to increase in near future.

Sex Reassignment Surgery Market, By Region

U.S. sex reassignment surgery market valued at USD 97.23 million in 2017 and is forecast to grow with a CAGR of over 24% during the projection timeframe. According American Society of Plastic Surgeons, more than 3250 people in the United States have undergone gender reassignment surgeries, male and female combined. Owing to accessibility to surgeons, insurance support, elevated awareness and social acceptance, the demand for sex change surgeries will only rise over the coming years.

Thailand sex reassignment surgery market is second biggest marketplace in the world and is estimated to expand at a CAGR over 26% during the forecast timeframe. In the developing nations such as Thailand, healthcare is far cheaper than that in developed countries; therefore, gender change healthcare tourism very high and is escalating at a rapid rate. With low cost and high accessibility, Thailand has become an overseas gender reassignment surgery hub for western regions.

Competitive Market Share

Some of the leading service providers in the sex reassignment surgery market include Mount Sinai Centre for Transgender Medicine and Surgery (CTMS), Transgender Surgery Institute of Southern California, Rumercosmetics, Chettawut Plastic Surgery centre, Phuket International Aesthetic Centre (PIAC), Sava Perovic Foundation Surgery, Yeson Voice centre, Bupa Cromwell Hospital. Complex genital reconstruction surgery offerings and advanced care are major promises offered by these institutions to attract more and more customers from various regions.

Sex Reassignment Surgery Industry Background

Sex reassignment surgery is rapidly growing industry across the globe especially in the developed region of North America and Europe. The change in social conventions related to transgender people, demographics and lifestyle of the people have been shaping and driving the industry worldwide. With its inception daring long ago in 1960’s, the industry has only expanding from John Hopkins college to various other clinics and institutions across the globe. Lately, countries such as Serbia and Thailand have become some of the major transgender surgery providers and are bordering their offering. With rapidly growing popularity of sex change operations, the industry can only spread out to various geographies expanding its foothold.

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