Global Sex Reassignment Surgery Market Report and Forecast 2024-2032

Global Sex Reassignment Surgery Market Outlook

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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Increasing Demand for Female to Male Transition Surgery to Augment the Sex Reassignment Surgery Industry Growth

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 to Provide Enhanced Growth Opportunities to the Sex Reassignment Surgery Industry

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: Market Segmentation

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:

• Male to Female
• Female to Male

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:

• Hospital
• Clinics
• Others

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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Increasing Public Awareness About Transgender Surgeries to Bolster the Growth of the Sex Reassignment Surgery Industry

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.

Key Industry Players in the Global Sex Reassignment Surgery Market

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:

• Boston Medical Center
• Chettawut Plastic Surgery Center.  
• Rumer Cosmetic Surgery  
• Plastic Surgery Group of Rochester 
• Others

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.

Key Highlights of the Report

Sex Reassignment Surgery Market Report Snapshots

Sex Reassignment Surgery Market Size

Sex Reassignment Surgery Companies