Sex Reassignment Surgery (SRS) Market Size

Sex Reassignment Surgery Market Size

Sex Reassignment Surgery Market size was valued at USD 722.2 million in 2023 and is set to register growth at 11.4% CAGR from 2024 to 2032. Sex reassignment surgery, also known as gender affirmation surgery, involves procedures that help align a person's physical appearance and sexual characteristics with their gender identity.

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These procedures include genital surgeries, facial feminization, breast augmentation, and body contouring. The market has experienced considerable growth due to the increasing societal acceptance and awareness of transgender rights and issues. This shift has led to greater support for gender-affirming healthcare, including insurance coverage for gender reassignment procedures, thereby bolstering the market growth.

Additionally, growing government support towards transgenders and the support for gender reaffirmation further propels the market growth. For instance, in 2020, the government of India framed rules to implement the Transgender Persons (Protection of Rights) Act, 2019. These rules mandate that at least one government hospital in every state be equipped to provide free gender reassignment surgery and counselling for transgender individuals. Such support from various governments aids in surging the demand for gender reassignment surgeries, thus boosting the market growth.