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The global sex reassignment surgery market is expected to grow at a CAGR of 23% in the forecast period of 2024-2032.
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Based on gender transition, the female to male segment accounts for a significant share in the sex reassignment surgery industry. This can be attributed to the rise in the health insurance policies for sex reassignment procedures. The growing technological advancements and rise in awareness about these surgeries have been a huge boost to the market. Further, the mental health support provided to transgenders is expected to boost the demand for sex reassignment surgery in hospitals and clinics.
Europe is expected to witness a robust growth over the forecast period owing to the legal acceptance of gender change surgeries in the region. Furthermore, Germany and the United Kingdom are expected to significantly contribute to the industry growth due to the rise in the LGBT movement in the forecast period.
Sex reassignment surgery (SRS) is a medical procedure (or procedures) through which physical appearance and function of the existing sexual characteristics of a transgender person are modified to match those associated socially with their identified gender. This surgical procedure is also referred to as gender reassignment surgery (GRS). The establishment of international clinical protocols, namely, Standards of Care by professional medical organisations, are aiding individuals as they apply for and receive reassignment surgery, including a psychological evaluation.
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By gender transition, the market is divided into:
While the male to female segment is divided based on segment into facial, breast, and genital, the female to male segment is subdivided into facial, chest, and genital.
The market is divided based on end use into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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With more and more people getting educated about the benefits and ease of surgeries all across the globe, the demand for sex reassignment surgeries is at an all-time high. The favourable reimbursement policies by the government have also significantly contributed to the growth of the industry. The Affordable Care Act, previously known as Obamacare, provided millions of Americans with new access to insurance status and coverage, including lesbian, gay, bisexual, and transgender (LGBT) individuals. Further, the increase in transgender population globally has impacted the industry in a positive way. This has led to a drastic growth in the global market for sex reassignment surgery. The downside of these surgeries is the high cost of procedures combined with the regret of sex change. Thus, this is hindering the growth of the sex reassignment surgery industry.
Over the forecast period, the rise in technological advancements and the growing awareness about transgenders is expected to favour the industry growth. The worldwide increase in the number of people opting sex-change surgeries is expected to be a major trend in the coming years.
The report gives a detailed analysis of the following key players in the global sex reassignment surgery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Gender Transition |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global sex reassignment surgery market is projected to grow at a CAGR of 23% between 2024 and 2032.
The major drivers of the market include the increasing demand for female to male transition surgery, technological advancements, favourable governmental policies, and increasing acceptance and visibility of the transgender community.
The increasing public awareness about transgender surgeries is the key industry trend propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading gender transition segments in the market are male to female and female to male.
The significant end use sectors in the industry are hospitals and clinics, among others.
The major players in the industry are Boston Medical Center, Chettawut Plastic Surgery Center, Rumer Cosmetic Surgery, and Plastic Surgery Group of Rochester, among others.
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+1-415-325-5166
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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