Sex Reassignment Surgery Market Size

Sex Reassignment Surgery Market Size

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.