As per this study the Global Sex Reassignment Surgery Market was valued USD 642.67 MN (by revenue) in 2021 and is anticipated to reach USD 1465.73 MN by 2028 with a CAGR of 12.5%.
Sex reassignment surgery or gender reassignment surgery is the surgical procedure to treat gender dysphoria. It includes chest masculinization, hysterectomy, oophorectomy, phalloplasty, and etc. for the female to male transition and for the male to female transition penectomy, orchiectomy, and vaginoplasty is performed. An average time for gender change surgery and recovery is around 9 months for an adult and for younger ones it is around 5 months.
Market Dynamics
Rising cases of gender dysphoria is driving the market growth. Also, growing awareness regarding the treatment and increasing urge for better living among the sufferers is further fueling the market growth. Favorable government policies are again contributing positively in market growth. However, high cost of the surgery and post operation complication may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of sex reassignment surgery.
Market Segmentation
The broad sex reassignment surgery market has been sub-grouped into gender transition. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Gender Transition
- Male To Female
- Female To Male
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for sex reassignment surgery in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Sex Reassignment Surgery Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the sex reassignment surgery market include Bupa Cromwell Hospital, Chettawut Plastic Surgery center, Mount Sinai Centre for Transgender Medicine and Surgery (CTMS), Phuket International Aesthetic Centre (PIAC), Rumercosmetics, Sava Perovic Foundation Surgery, Transgender Surgery Institute of Southern California and Yeson Voice centre among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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