Sex Reassignment Surgery Market, By Gender Transition, By End-Use, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
½ÃÀå¿¡¼ »ç¾÷À» Àü°³ÇÏ´Â ÁÖ¿ä ±â¾÷Àº ´ÙÀ½°ú °°½À´Ï´Ù: CNY Cosmetic &Reconstructive Surgery, Centre for Transgender Medicine and Surgery(CTMS), Transgender Surgery Institute Mount Sinai, Phuket International Aesthetic Centre(PIAC), Chetawut Plastic Surgery Center, Yeson Voice Centre, Sava Perovic Foundation Surgery, Boston Medical Center, Cleveland Clinic, Bupa Cromwell Hospital, Rumer Cosmetic Surgery µîÀÔ´Ï´Ù. ÀÌµé ±â¾÷Àº ½ÃÀå Á¡À¯À²À» ±Ø´ëÈÇϱâ À§ÇØ Á¦Ç° Ãâ½Ã, Àμö, Á¦ÈÞ µî ´Ù¾çÇÑ À¯ÇüÀÇ Àü·«À» äÅÃÇϰí ÀÖ½À´Ï´Ù.
Sex Reassignment Surgery Market size was valued at USD 604.6 Million in 2023, expanding at a CAGR of 5.5% from 2024 to 2032.
A treatment known as "sex reassignment surgery" modifies a person's gender, function, and physical attributes based on their preexisting sexual traits. Transsexuals are transgender individuals who have sex reassignment surgery. Sex reassignment surgery is performed on those who suffer from severe gender dysphoria. Before having surgery, people with gender dysphoria are appropriately assessed to make sure they are psychologically well, which is done by doing a mental health examination.
Sex Reassignment Surgery Market- Market Dynamics
Growing gender transition surgeries to propel market demand
Between 100 and 500 gender reassignment surgeries are thought to be performed annually in the United States. The number of such procedures performed worldwide is believed to be 2 to 5 times larger than that in the US. When a person is 18 years old or older, the World Professional Association of Transgender Health (WPATH) Standards of Care advise proposing gender reassignment surgery. According to the 2020 Plastic Surgery Statistics given by the ASPS, trans females had 6,368 gender confirmation procedures performed in the US compared to 5,616 in 2019. In addition, data from the International Society of Aesthetic Cosmetic Surgery indicates that 9.2% of cosmetic surgeons worldwide had gender reassignment surgery in 2020. Thus, the aforementioned stats drive the market expansion during the forecast period.
Sex Reassignment Surgery Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.5% over the forecast period (2024-2032)
Based on gender transition segmentation, the Female to Male is expected to grow at a significant rate over the projected period
Based on region, North America is expected to dominate the market over the forecast period
Sex Reassignment Surgery Market- Segmentation Analysis:
The Global Sex Reassignment Surgery Market is segmented based on Gender Transition, End-Use, and Region.
Based on the gender transition, the Sex Reassignment Surgery market is divided into Female to Male and Male to Female. The females to Males are expected to grow at a significant rate over the projected period. This can be ascribed to ongoing advancements in scrotoplasty, metoidioplasty, phalloplasty, and chest reconstruction. The number of treatments for breast/chest and facial and transgender female sex reassignment surgeries increased by 14% and 13%, respectively, in 2020, according to the American Society of Plastic Surgeons (ASPS).
Sex Reassignment Surgery Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market during the forecast period. owing to the rising burden of gender dysphoria, increased knowledge and adoption of gender reassignment surgery, along with the assistance of government and public groups. The region's market is expanding, as seen by the rising number of procedures carried out there. For instance, the July 2021 update to the Centers for Disease Control and Prevention page "Transgender and Gender Diverse Persons" said that around 9,000 transgender procedures are done each year in the US. Additionally, it stated that the most recent data shows that 0.6% of Americans identify as transgender and that gender-affirming surgery is performed in around 10.9% of transsexual medical visits. A substantial increase in the market is shown by the large number of procedures carried out in the nation. Thereby, driving the market growth in the region.
Sex Reassignment Surgery Market- Competitive Landscape:
The key players operating in the market are: CNY Cosmetic & Reconstructive Surgery, Centre for Transgender Medicine and Surgery (CTMS), Transgender Surgery Institute Mount Sinai, Phuket International Aesthetic Centre (PIAC), Chettawut Plastic Surgery Center, Yeson Voice Centre, Sava Perovic Foundation Surgery, Boston Medical Center, Cleveland Clinic, Bupa Cromwell Hospital and Rumer Cosmetic Surgery among others. These players adopted various types of strategies such as product launch, acquisition, collaboration and others to gain maximum market share.
Recent Developments:
In June 2023, leading power solutions technology company Cummins India stated that its staff would be supported with Gender Reassignment Surgery (GRS). Employees who have chosen to transition to their self-identifying gender will be eligible for financial aid for their operation under the Cummins GRS program. Cummins India is a shining example of support for the LGBTQ+ community, upholding the principles of equality, solidarity, and self-expression as the globe observes Pride Month.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SEX REASSIGNMENT SURGERY MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
CNY Cosmetic & Reconstructive Surgery
Centre for Transgender Medicine and Surgery (CTMS)
Transgender Surgery Institute Mount Sinai
Phuket International Aesthetic Centre (PIAC)
Chettawut Plastic Surgery Center
Yeson Voice Centre
Sava Perovic Foundation Surgery
Boston Medical Center
Cleveland Clinic
Bupa Cromwell Hospital
Rumer Cosmetic Surgery
GLOBAL SEX REASSIGNMENT SURGERY MARKET, BY GENDER TRANSITION- MARKET ANALYSIS, 2019 - 2032
Female to Male
Male to Female
GLOBAL SEX REASSIGNMENT SURGERY MARKET, BY END-USE- MARKET ANALYSIS, 2019 - 2032
Hospitals
Specialized Clinics
Others
GLOBAL SEX REASSIGNMENT SURGERY MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Sex Reassignment Surgery Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Sex Reassignment Surgery Market Snippet by Gender Transition
2.1.2. Sex Reassignment Surgery Market Snippet by End-Use
2.1.3. Sex Reassignment Surgery Market Snippet by Country
2.1.4. Sex Reassignment Surgery Market Snippet by Region
2.2. Competitive Insights
3. Sex Reassignment Surgery Key Market Trends
3.1. Sex Reassignment Surgery Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Sex Reassignment Surgery Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Sex Reassignment Surgery Market Opportunities
3.4. Sex Reassignment Surgery Market Future Trends
4. Sex Reassignment Surgery Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Sex Reassignment Surgery Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Sex Reassignment Surgery Market Landscape
6.1. Sex Reassignment Surgery Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Sex Reassignment Surgery Market - By Gender Transition