USD 623 million
Sex Reassignment Surgery Market Size, Share, Growth Analysis, By Gender Transition(Male to female (Facial, Breast, Genital), Female to male (Facial), By Procedure(Vaginoplasty, Feminizing Augmentation Mammoplasty, Orchiectomy, Facial Feminization Surgery), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2505 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
69
|Figures:
75
Sex Reassignment Surgery Market Insights
Global Sex Reassignment Surgery Market size was valued at USD 623 million in 2022 and is poised to grow from USD 694.65 million in 2023 to USD 1659.44 million by 2031, growing at a CAGR of 11.50% during the forecast period (2024-2031).
The global sex reassignment surgery market has witnessed notable growth due to increasing societal acceptance and awareness of gender identity issues.
Advances in medical technology and surgical techniques have improved surgical outcomes and reduced associated risks. The market is influenced by factors like healthcare policies, cultural attitudes, and accessibility to specialized care. Surgical procedures, including hormone therapy, genital reconstruction, and facial surgeries, constitute the primary offerings.
Market expansion is expected to continue, propelled by evolving gender perspectives and medical innovations. However, ethical, legal, and affordability concerns remain, necessitating comprehensive healthcare support and regulatory frameworks for this specialized field.
Some regions and countries have been updating their legal and regulatory frameworks to better support transgender individuals in accessing sex reassignment surgeries. These changes include revisions to documentation requirements for gender recognition, anti-discrimination laws, and policies that ensure appropriate healthcare access for transgender individuals.
Such legal changes can have a significant impact on the demand and availability of sex reassignment surgeries.
US Sex Reassignment Surgery Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Male-to-female
Fastest Growth
Male-to-female
Growth Rate
11.50% CAGR
Global Sex Reassignment Surgery Market ($ Mn)
Country Share for North America Region (%)
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Sex Reassignment Surgery Market Segmental Analysis
Global Sex Reassignment Surgery Market is segmented by gender transition, procedure, end use, and region. Based on gender transition, the market can be segmented into male to female (facial, breast, genital), and female to male (facial, chest, genital). Based on procedure, the market is segmented into vaginoplasty, feminizing augmentation mammoplasty, orchiectomy, facial feminization surgery, reduction thyrochondroplasty, and others. Based on end use, the market is segmented into hospitals, specialized clinics, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Sex Reassignment Surgery Market Analysis By Procedures
Genital reconstruction surgery and chest/breast surgery are likely the largest segments in the sex reassignment surgery market. These surgeries are considered fundamental to aligning an individual's physical appearance with their gender identity. However, the popularity of specific procedures can vary depending on factors such as cultural norms, medical advancements, and individual preferences.
Facial feminization/masculinization surgery and body contouring surgery were gaining increased attention. Facial surgeries were becoming more popular as individuals sought comprehensive transformations that encompassed not only genital and chest changes but also facial features that better matched their gender identity.
Sex Reassignment Surgery Market Analysis By End-user
The largest segment is likely to be the individuals seeking gender-affirming surgeries. As awareness and acceptance of transgender rights grow, more individuals are exploring their options for transitioning, which can include hormone therapy and various surgeries.
The fastest-growing segment is likely to be hospitals and clinics that specialize in gender-affirming surgeries. As medical expertise in this field increases, and societal attitudes become more inclusive, the demand for skilled surgical teams who can provide high-quality care is likely to rise.
Global Sex Reassignment Surgery Market By Procedure
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Sex Reassignment Surgery Market Regional Insights
The largest markets for sex reassignment surgeries are typically found in regions with well-established healthcare systems, greater acceptance of gender diversity, and accessibility to advanced medical procedures. North America and Europe likely held a significant share of the market due to these factors.
The fastest-growing markets could have been in regions where awareness about gender-affirming surgeries was increasing, stigma around LGBTQ+ issues was reducing, and healthcare infrastructure was improving. This might have included parts of Asia-Pacific and Latin America, particularly countries that were actively promoting medical tourism.
Global Sex Reassignment Surgery Market By Region
- Largest
- Fastest
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Sex Reassignment Surgery Market Dynamics
Sex Reassignment Surgery Market Drivers
Growing Acceptance and Awareness
- Increased awareness and acceptance of transgender individuals and their rights have led to a greater demand for sex reassignment surgeries. As societies become more inclusive and understanding, individuals feel more comfortable seeking medical interventions to align their physical appearance with their gender identity.
Medical Advancements and Accessibility
- Advances in medical techniques, technology, and surgical procedures have had sex reassignment surgeries safer, more effective, and with reduced recovery times. Improved surgical outcomes and reduced risks have made these procedures more appealing to individuals seeking gender confirmation.
Sex Reassignment Surgery Market Restraints
High Costs
- Sex reassignment surgeries can be expensive, encompassing surgical fees, hospitalization, post-operative care, and ongoing medical support. Many insurance plans do not cover these procedures, making them financially inaccessible for some individuals.
Lack of Skilled Professionals
- Performing sex reassignment surgeries requires specialized medical expertise. The availability of skilled surgeons who are trained in transgender healthcare may be limited, leading to longer wait times and potential concerns about surgical quality.
Societal and Legal Barriers
- In some regions, societal stigma, discrimination, and legal barriers can create challenges for individuals seeking sex reassignment surgeries. These factors can discourage individuals from pursuing these procedures or delay their decision to do so.
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Sex Reassignment Surgery Market Competitive Landscape
The global sex reassignment surgery market features a competitive landscape with a few dominant players and emerging entrants. Established medical centers and specialized clinics, like Thailand's Preecha Aesthetic Institute and the Mount Sinai Center for Transgender Medicine, lead with comprehensive surgical expertise and patient care. The market also witnesses new players entering with innovative techniques and personalized services, driving competition. As societal awareness and acceptance of gender diversity grow, the landscape is likely to evolve, emphasizing quality outcomes, affordability, and holistic support for transgender individuals seeking surgical options.
Sex Reassignment Surgery Market Top Player’s Company Profiles
- Mount Sinai Hospital (United States)
- Kaiser Permanente (United States)
- Cleveland Clinic (United States)
- Mayo Clinic (United States)
- University of California, San Francisco (UCSF) Medical Center (United States)
- Johns Hopkins Hospital (United States)
- University of Minnesota Medical Center (United States)
- Massachusetts General Hospital (United States)
- Charing Cross Gender Identity Clinic (United Kingdom)
- Karolinska University Hospital (Sweden)
- Hospital Sant Pau (Spain)
- Charité - Universitätsmedizin Berlin (Germany)
- Preecha Aesthetic Institute (Thailand)
- Asan Medical Center (South Korea)
- Vagmästaren Clinic (Sweden)
- Belgrade Gender Dysphoria Team (Serbia)
- Tokyo Metropolitan Police Hospital (Japan)
- University Hospital Ghent (Belgium)
- Clinica Planas (Spain)
- University Hospital Essen (Germany)
Sex Reassignment Surgery Market Recent Developments
- In January 2023, TransHealth, a provider of SRS and other transgender health services, acquired GenderGP, a UK-based telehealth company that provides hormone therapy and other transgender health services.
- In March 2023, The Fenway Institute, a Boston-based research, and health care organization, acquired the Gender Care Center, a provider of SRS and other transgender health services in Massachusetts.
- In April 2023, The Johns Hopkins Hospital, a Baltimore-based hospital, acquired the Center for Transgender Health, a provider of SRS and other transgender health services in Maryland.
Sex Reassignment Surgery Key Market Trends
- Increasing Acceptance and Accessibility: Over the years, there has been a growing social acceptance of transgender and non-binary individuals. This increased acceptance has led to a greater demand for sex reassignment surgery (SRS) to align an individual's physical appearance with their gender identity. As a result, there has been a push for improved accessibility to SRS, including coverage by health insurance plans and reduced barriers to accessing these procedures.
- Advancements in Surgical Techniques and Technology: Like many medical fields, the techniques and technology used in sex reassignment surgery have also been advancing. Surgeons and medical professionals have been working on refining surgical techniques, reducing scarring, improving functional outcomes, and enhancing overall patient satisfaction. Minimally invasive techniques and the use of robotic-assisted surgery have also been explored to potentially reduce recovery times and complications.
Sex Reassignment Surgery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global sex reassignment surgery market is anticipated to witness continued growth due to evolving societal attitudes towards gender identity and increasing awareness about transgender healthcare. Advances in surgical techniques, coupled with expanding healthcare access, are likely to drive demand. Moreover, supportive policies and insurance coverage for gender-affirming procedures could further bolster market expansion. Collaboration between medical professionals, mental health experts, and patient advocacy groups will play a pivotal role in ensuring safe and comprehensive care. However, ethical considerations, regulatory challenges, and disparities in accessibility might influence the market's trajectory. Overall, the market's future appears promising but complex.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 623 million |
| Market size value in 2031 | USD 1659.44 million |
| Growth Rate | 11.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sex Reassignment Surgery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sex Reassignment Surgery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sex Reassignment Surgery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sex Reassignment Surgery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sex Reassignment Surgery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sex Reassignment Surgery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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