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Sex Reassignment Surgery Market Size by Gender Transition (Male to Female {Facial, Breast, Genitals [Phallectomy, Orchiectomy, Vaginoplasty]}, Female to Male {Facial, Chest, Genitals [Hysterectomy, Phalloplasty]}), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI2926
  • Published Date: Jan 2023
  • Report Format: PDF

Industry Statistics

Sex Reassignment Surgery Market size was worth more than USD 623 million in 2022 and is projected to register over 11.5% CAGR between 2023 to 2032. Growing prevalence of gender dysphoria and awareness regarding sex change surgeries will influence market expansion.
 

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Rising cases of gender dysphoria and robust advancements in sex reassignment procedures will drive market outlook. People who experience gender dysphoria often face depression, anxiety, and other mental health-related issues. However, with sex change surgery, these individuals claim to feel more confident and live a more satisfactory life ahead.
 

The introduction of new government policies that support sex reassignment surgery should motivate a large section of the population to opt for these procedures. To illustrate, in 2022, Spain and Scotland both passed transgender rights bills that would make it easier and faster for people aged 16 and over to change their gender officially. The growing need for advanced and simplified methods to undertake sex reassignment surgery at healthcare centers should further augment industry progress.
 

High costs associated with sex reassignment procedures may hamper the sex reassignment surgery market revenue. Female-to-male gender change surgeries, such as hysterectomy and phalloplasty, are mostly expensive and not affordable by all. For instance, the average cost of female-to-male sex reassignment surgery in Europe costs around USD 12,000 to USD 20,000 and is anticipated to increase in the coming years. Therefore, people facing issues like trauma, gender dysphoria, and other mental illnesses that are linked to sex change or gender affirmation are advised to first undergo gender affirmation therapy before having surgery.
 

Availability of health insurance coverage for sex reassignment surgery to support market development

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Sex reassignment surgery market from the female-to-male gender transition segment is anticipated to observe an 11.2% CAGR from 2023 to 2032. The transgender population many a time faces serious mental health disorders like anxiety and depression. As their population is increasing with each passing year, the demand for female-to-male gender change surgeries may elevate across the community. For example, nearly 9,000 transgender surgeries are performed annually in the United States.
 

Favorable health insurance policies on sex reassignment procedures will boost the frequency of female-to-male sex change surgeries. Technological improvements, including novel surgical techniques that have been successful in female-to-male gender-affirming surgery, will shape market trends.
 

Rising prevalence of gender dysphoria to fuel European market statistics

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Europe sex reassignment surgery market size is predicted to surpass USD 482 million by 2032 due to growing public awareness regarding sophisticated sex reassignment surgeries. An increase in disposable incomes may encourage individuals suffering from gender dysphoria people to choose gender change surgeries to gain their confidence back.
 

The number of people belonging to the LGBTQ community has elevated drastically across Europe. For instance, in 2021, the Office for National Statistics forecasted that there were between 200,000 and 500,000 transgender people living in the UK, and that number is expected to rise in the near future. The introduction of awareness campaigns by different groups, communities, and regulatory bodies will accelerate the demand for sex change surgeries across Europe.
 

Strategic initiatives by sex reassignment surgery companies to complement industry forecasts

Some of the eminent players in the sex reassignment surgery market are Transgender Surgery Institute of Southern California, Mount Sinai Centre for Transgender Medicine and Surgery (CTMS), Rumercosmetics, Phuket International Aesthetic Centre (PIAC), Chettawut Plastic Surgery Centre, Sava Perovic Foundation Surgery, Moheb Mehr Hospital, Bupa Cromwell Hospital, Vancouver Coastal Health, Yeson Voice center, Toronto Hospital, Kamol Hospital, Nirunda International Aesthetic Centre, Yanhee Hospital Health & Beauty, Asia Cosmetic Hospital, Phuket Plastic Surgery Institute, and Ebnesina Hospital.
 

Impact of COVID-19 pandemic on the sex reassignment surgery market statistics

The COVID-19 outbreak led to prioritizing of certain medical procedures to conserve limited healthcare resources. Sex reassignment surgery was considered elective and either postponed or canceled during the pandemic. Transgender people experienced anxiety and sadness as dysphoria became more prevalent with the pandemic stress. However, as the prevalence of COVID-19 declined, surgical treatments were gradually resumed while considering the physical and mental health of transgender people.
 

Numerous hospitals and healthcare organizations are now putting in efforts to get the number of sex reassignment surgery procedures back to pre-COVID levels. Several initiatives have also been launched to lower surgical complications, morbidity, and hospital stays.
 

The sex reassignment surgery market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2018 to 2032, for the following segments:

By Gender Transition

  • Male to female
    • Facial
    • Breast
    • Genital
      • Phallectomy
      • Orchiectomy
      • Vaginoplasty
  • Female to male
    • Facial
    • Chest
    • Genital
      • Hysterectomy
      • Phalloplasty

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Sweden
    • Belgium
    • The Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Thailand 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Iran
    • Israel
    • Turkey

 

Authors: Rupali Swain, Subodh Kharad

Frequently Asked Questions (FAQ) :

Global market for sex reassignment surgery value was worth more than USD 623 million in 2022 and is projected to register over 11.5% CAGR between 2023 to 2032.
Female-to-male gender transition segment is anticipated to observe an 11.2% CAGR from 2023 to 2032 due to the availability of health insurance coverage for these procedures.
Europe sex reassignment surgery market size is predicted to surpass USD 482 million by the end of 2032 due to growing public awareness regarding sophisticated sex reassignment surgeries.
Some of the leading players in the market include Phuket International Aesthetic Centre (PIAC), Nirunda International Aesthetic Centre, and Yeson Voice center, among others.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 367
  • Countries covered: 26
  • Pages: 170
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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