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Sex Reassignment Surgery Market Statistics 2020-2026 Global Report

Published Date: Mar 2020  |  Report ID: GMI2926  |  Authors: Sumant Ugalmugle, Rupali Swain

Industry Trends

Sex Reassignment Surgery Market size was more than USD 316 million in 2020 and will witness 25.1% CAGR during 2020 to 2026. Increasing awareness related to transgender problems, availability and accessibility to gender reassignment surgical centers are some of the significant factors augmenting the sex reassignment surgery industry growth. Also, inclination of patients towards changing sex as well as increasing number of gender reassignment surgeries are some of the factors driving the market growth.

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  • Worldwide increase in number of people opting for sex change surgeries
  • Favorable government policies in the United States
  • Rising awareness among the transgender population regarding sex change surgeries
  • High cost of the procedures
  • Rise in incidence of sex change regret

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Growing favorable government policies will enhance the market growth

Favourable government policies associated with gender transition surgeries is one of the major factors driving the industry demand. For instance, The Affordable Care Act is the government policy in the U.S. that provides insurance to the transgender and gender non-conforming people.

Moreover, owing to the ability to provide mental health benefits to the transgenders, number of sex transition surgeries has increased over the past few years. For instance, according to a recent data by the Government Equalities Office, there are estimated 200,000-500,000 transgender people in UK. Hence, this will in turn trigger the demand for sex reassignment surgeries across the globe that will further boost the industry growth.

Increase in research as well as public awareness related to the gender reassignment surgery will enhance the sex reassignment surgery market size. For instance, Michigan State University’s College of Social Science Centers conducted a research-based study to find out the habits through which society understands the transgender community. Moreover, in the UK, the Gender Recognition Act allows the people with gender dysphoria to change their legal gender. Thus, increasing focus on the transgender issues through various studies will contribute to the sex reassignment surgery market growth.

Rising health insurance for sex reassignment surgeries will fuel the market growth

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The female to male sex reassignment surgery was valued at USD 131.4 million in 2020. The growth of female to male surgery is attributed to increasing health insurance on the sex reassignment surgical procedures. Also, the technological advancements including the novel surgical techniques in female to male gender confirming surgery will expand the demand for sex reassignment surgeries thereby, fostering the market growth.

The genital surgery is further subdivided into phallectomy, orchiectomy and vaginoplasty. These surgical procedures change the appearance and function of male genitals into female genitals. Also, the female to male surgeries are categorized into facial, chest and genital surgeries. The genital surgery assists in transitioning female genitals into male genitals with the help of hysterectomy and phalloplasty. Thus, technological advancements coupled with increasing effectiveness of sex reassignment surgeries will boost the market growth over the analysis timeframe.

Legal acceptance in European countries will augment the regional market growth

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The market for sex reassignment surgery in Australia held a significant revenue share in 2020 and is estimated to witness 25.8% CAGR over the analysis timeframe. The high growth is owing to the growing number of transgender population in the country coupled with growing number of surgeries. Moreover, Medicare as well as private health insurance cover the gender reassignment surgery in Australia. Thus, this will help the patients to undergo surgeries with lower cost, resulting in attracting a greater number of patients across the country. Hence, the above-mentioned factors will play vital role in augmenting the market growth.

Implementation of service offerings to the transgender at low cost by the key market players will boost the market growth

Some of the leading players in the sex reassignment surgery market share include Bupa Cromwell Hospital, Yeson Voice center, Chettawut Plastic Surgery Centre, Sava Perovic Foundation Surgery, Phuket International Aesthetic Centre (PIAC), Rumercosmetics, Transgender Surgery Institute of Southern California and Mount Sinai Centre for Transgender Medicine and Surgery (CTMS). These service providers are emphasizing on complex gender reassignment surgical procedure and offer essential advanced care to patient, thereby boosting more customers across the regions that in turn will propel the market growth.

The sex reassignment surgery market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments

By Gender Transition, 2015 – 2026 (USD Million)

  • Male to Female

    Facial
    Breast
    Genital

    Phallectomy
    Orchiectomy
    Vaginoplasty

  • Genital

    Phallectomy
    Orchiectomy
    Vaginoplasty

  • Phallectomy
  • Orchiectomy
  • Vaginoplasty
  • Female to Male

    Facial
    Chest
    Genital

    Hysterectomy
    Phalloplasty

  • Genital

    Hysterectomy
    Phalloplasty

  • Hysterectomy
  • Phalloplasty

The above information is provided for the following regions and countries:

  • North America
  • Europe

    Germany
    UK
    France
    Spain
    Italy
    Serbia

  • Asia Pacific

    China
    India
    Japan
    Australia
    Thailand

  • Latin America
  • Middle East and Africa

    South Africa
    Saudi Arabia

  • South Africa
  • Saudi Arabia

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