Sex Reassignment Surgery Market drivers of growth analyzed in a new research report

Growing awareness regarding transgender issues
to outline sex reassignment surgery market trends
Growing awareness about transgender problems will influence sex reassignment
surgery market outlook worldwide, along with favorable government policies
associated with gender transition. Expanding patient pool with an inclination towards
changing sex from female to male and vice-verse will result in rise in number of sex
reassignment procedures.
Over the past few years, the number of such patients has increased nearly four
times. For instance, as per the recent data by the American Society of Plastic
Surgeons, more than 3,000 trans masculine and trans feminine surgeries were
conducted in 2016. Rise in number of gender transition surgeries will boost industry
growth in the coming years. Sex reassignment surgery market size is forecast to
surpass USD 1.5 billion in value by 2026 globally.
Increased number of resources and availability of gender reassignment surgical
centers is attracting more transgender population to undergo the knife. As per a
study published in the American Journal of Psychiatry, gender reassignment surgery
lowers the risk of anxiety, depression or suicidal behavior in transgenders along with
imparting long term mental health benefits to them. Rising knowledge pertaining to
solutions for transgender issues will encourage sex reassignment surgeries.
According to recent studies, the number of gender confirmation surgeries from male
to female are 3 times more than female to male surgeries. In 2019, male to female
sex reassignment surgery accounted for a revenue of over USD 184.6 million. The
growth can be attributed to the rise in medical insurance coverage for male to female
fender reassignment procedures along with the availability of expert opinions on the
medical necessity of gender transition.
Increasing effectiveness of gender transition surgeries is encouraging more
population with gender issues to opt for these solutions. The female to male
surgeries are divided into chest, genital and facial, operations. The genital surgery
encompasses the surgical procedures like phalloplasty and hysterectomy that aids in
in transitioning female genitals into male genitals.
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Male to female surgeries are bifurcated into breast, genital and facial procedures.
The genital surgery is further divided into orchiectomy, vaginoplasty and
phallectomy. These surgeries are carried out for restructuring the male genitals into
female genitals by altering function as well as appearance.
United States sex reassignment surgery market share is likely to grow at nearly
24.5% CAGR through 2026. The American Society of Plastic Surgeons has
confirmed that there was an increase of around 20% sex transition procedures in
2016 in the country when compared to the previous year. Transgender men as well
as women in the developed countries are inclined to undergo gender change surgery
owing to more support and availability, which has significantly triggered the demand
for sex reassignment operations.
Prominent players offering different sex reassignment procedures include Yeson
Voice Center, Sava Perovic Foundation Surgery, Transgender Surgery Institute of
Southern California, Rumer Cosmetics Surgery, Bupa Cromwell Hospital, Phuket
International Aesthetic Center, Chettawut Plastic Surgery Center and Mount Sinai
Center for Transgender Medicine and Surgery.
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