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Sex Reassignment Surgery Market size to exceed $1.95Bn by 2032

  • Published Date: February 9, 2023

Sex Reassignment Surgery Market size is projected to surpass USD 1.95 billion by 2032, as per a new research report announced by Global Market Insights Inc.

A rise in the number of transgender individuals across North America and Europe will complement the demand for sex reassignment surgeries in the coming years. A study conducted by Pew Research Center states that almost 1.6% of U.S. adults are either nonbinary or transgender. Gender dysphoria is one of the common issues faced by these individuals. Estimates indicate that the cases of gender dysphoria have risen by more than four times over the past decade.

Growing awareness about sex reassignment surgeries would help a major section of the transgender population to tackle the issue of mental health disorders and gender dysphoria. Many insurance companies have started to offer coverage for these surgeries, making it easier for individuals to afford such procedures. Government bodies are focusing on developing favorable policies and funding initiatives that will help boost the sex reassignment surgery industry progression.

Browse key industry insights spread across 170 pages with 354 market data tables & 13 figures & charts from the report, “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” in detail along with the table of contents:

High prevalence of gender dysphoria among transgender men

Sex reassignment surgery market share from the male-to-female gender transition segment was accounted over USD 317 million in 2022. Gender dysphoria and other medical disorders are common among transgender men. However, research affirms that transgender individuals who choose gender reassignment surgery experience long-term mental health benefits.

A surge in the population of transgender men who experience gender dysphoria could elevate the expansion for male-to-female gender change surgery. As per recent data from the CDC’s Youth Risk Behavior Survey (YRBS) and Behavior Risk Factor Surveillance System (BRFSS), around 1.3 million adults in the U.S. are identified as transgender, of which 35.9% (480,000) are transgender men. Favorable government laws and growing awareness regarding gender affirmation among this community will elevate the growth for male to female gender change procedures over the forecast timeframe.

Growing medical tourism sector across the Asia Pacific

Asia Pacific sex reassignment surgery market is anticipated to hit over USD 567 million by 2032. Factors such as increasing demand for transgender surgery, successful operation outcomes, affordable health care, and the accessibility of skilled surgeons have fueled the regional market growth. The availability of affordable gender-affirming operations and growing medical tourism sector would attract large number of overseas patients, shaping regional industry trends. The growing internet awareness and supportive government initiatives are few other factors that would motivate individuals to opt for these procedures.

Presence of leading healthcare centers for sex reassignment surgery

Some of the prominent leaders present in the global sex reassignment surgery market include Sava Perovic Foundation Surgery, Mount Sinai Centre for Transgender Medicine and Surgery (CTMS), Rumercosmetics, Vancouver Coastal Health, Chettawut Plastic Surgery Centre, Transgender Surgery Institute of Southern California, Phuket International Aesthetic Centre (PIAC), Bupa Cromwell Hospital, Toronto Hospital, Yanhee Hospital Health & Beauty, Asia Cosmetic Hospital, Phuket Plastic Surgery Institute, Ebnesina Hospital, and Moheb Mehr Hospital.

Authors: Sumant Ugalmugle, Rupali Swain

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