Global Sex Reassignment Surgery Market Set for Rapid Growth, to reach Value around USD 939.9 Million by 2025

02-Jan-2020 | Zion Market Research

Zion Market Research has published a new report titled “Sex Reassignment Surgery Market by Gender Transition (Male to Female [Facial, Breast, and Genitals {Phallectomy, Orchiectomy, and Vaginoplasty}], and Female to Male [Facial, Chest, and Genitals {Hysterectomy, and Phalloplasty}]): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 - 2025”. According to the report, global demand for sex reassignment surgery market was valued at approximately USD 202.7 million in 2018, and is expected to generate revenue of around USD 939.9 million by end of 2025, growing at a CAGR of around 24.5% between 2019 and 2025.

Browse the full “Sex Reassignment Surgery Market: by Gender Transition (Male to Female [Facial, Breast, and Genitals {Phallectomy, Orchiectomy, and Vaginoplasty}] and Female to Male [Facial, Chest, and Genitals {Hysterectomy, and Phalloplasty}]): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 - 2025” Report at https://www.zionmarketresearch.com/report/sex-reassignment-surgery-market

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Global Sex Reassignment Surgery Market

Transgender individuals those undergoing sex reassignment surgery are referred to as transsexual. Sex reassignment surgery is a procedure in which the physical appearance, function, and gender of an individual is altered from its existing sexual characteristics. Sex reassignment surgeries are done on those individuals with gender dysphoria. People suffering from gender dysphoria usually go through depression and anxiety of not being accepted by the society and having a gender in which they are not comfortable with. 

Growing number of sex change surgeries are among the primary factors propelling the market growth for sex reassignment surgeries globally. Rise is seen among the patients willing to change their sex from female to male and vice versa has increased almost fourfold since last decade. Promising government policies in gender change surgeries is a shaping factor especially in the developed countries. For instance, presence of the Affordable Care Act (ACA) in the U.S. which is favorable government policy helps prevent the health insurers from discriminating the transgender from the other country population. Moreover, rising provision for transgender population and diminishing social phobia, more number of gender reassignment operations is likely to take place in near future.

The market for sex reassignment surgery is segmented based on gender transition, and regions. The sex reassignment surgery market is segmented based on gender transition into male to female, and female and male. The male to female reassignment surgery market is further segmented into facial, breast, and genitals. The market for female to male reassignment surgery is further segmented into facial, chest, and genitals. The transition of male to female is growing fastest and is also among the most preferred surgeries in the gender reassignment industry. Around 55-60% of the surgeries performed are on transition from male to female. The demand for male to female sex reassignment surgeries with reducing complexities is likely to grow at high CAGR in the forecast period.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries. North America held major share of the market in 2018. As per the stats provided by the American Society of Plastic Surgeons in the U.S. more than 3,250 people have undergone gender reassignment surgeries which include both female and males.

Some of the players within the market for sex reassignment surgery include Phuket International Aesthetic Centre (PIAC), Rumercosmetics, Bupa Cromwell Hospital, Mount Sinai Centre for Transgender Medicine and Surgery (CTMS), Sava Perovic Foundation Surgery, Transgender Surgery Institute of Southern California, Chettawut Plastic Surgery Centre, and Yeson Voice Centre.

This report segments the global sex reassignment surgery market as follows:

Global Sex Reassignment Surgery Market: Gender Transition Segment Analysis

  • Male to Female
    • Facial
    • Breast
    • Genitals
      • Phallectomy
      • Orchiectomy
      • Vaginoplasty
  • Female to Male
    • Facial
    • Chest
    • Genitals
      • Hysterectomy
      • Phalloplasty

Global Sex Reassignment Surgery Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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