Gender Reassignment Surgery Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR (2024 - 2029) | 12.20 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Gender Reassignment Surgery Market Analysis
The Global Sex Reassignment Surgery Market is expected to register a CAGR of 12.20% during the forecast period.
COVID-19 has impacted the growth pace of the studied market. The American Society of Plastic Surgeons article titled "The Impact of COVID-19 on Gender Dysphoria Patients" published in May 2020 reported that since gender-affirming surgeries are considered one of the elective surgeries, they have been halted or delayed. Additionally, the Plastic and Reconstructive Surgery article titled "The Impact of COVID-19-based Suspension of Surgeries on Plastic Surgery Practices: A Survey of ACAPS Members" published in August 2020, reported that 32% of the studied population performed gender affirmation surgery. It also reported that due to COVID-19, face, chest, and genital surgery were not being offered. It also stated that nearly 8% responded that revision sex reaffirmation surgery was a situation-specific scenario. Such delays in surgeries due to COVID-19 has impacted the growth of the overall market over the pandemic phase.
Factors such as growing awareness about sex reassignment surgery and the burden of gender dysphoria coupled with government initiatives are driving the growth of the market. For instance, the American Society of Plastic Surgeons report titled "Plastic Surgery Statistics Report" 2020 reported that in the United States, in 2020, trans females had 6,368 gender confirmation surgeries performed compared to 5,616 in 2019. It was also reported that in 2020, out of these 1,102 facial surgeries, 4,035 breast or chest surgeries, and 1,231 genital surgeries were performed. Furthermore, according to the International Society of Aesthetic Plastic Surgery 2020 statistics, 9.2 percent of plastic surgeons worldwide performed sex reassignment surgery in 2020. Such a high number of sex confirmation surgeries demonstrates the positive growth of the market throughout the forecast period.
The rising government initiatives of different countries to provide financial aid, equal rights, and support for transgender health are boosting the growth of the market segment. For instance, in November 2020, the government of India framed rules to implement the Transgender Persons (Protection of Rights) Act, 2019, under which the center proposes that at least one government hospital in every state will be equipped to provide free gender reassignment surgery and counseling.
Furthermore, in November 2021, the Australian Greens announced a plan to make gender-affirming healthcare a permanent part of Medicare, with a USD 15 million investment per year to cover the out-of-pocket costs incurred by trans and gender-diverse people in accessing gender-affirming healthcare. Such initiatives taken by the government and public organizations are propelling the growth of the market.
However, the high procedural costs may hinder the growth of the market over the forecast period.
Gender Reassignment Surgery Market Trends
Male to Female Segment Of the Market is Expected to Project Significant Growth Over the Forecast Period
Factors such as the growing burden of gender dysphoria, increasing awareness about gender reaffirmation surgeries, initiatives taken by the government, and the rising number of surgeries are driving the growth of the market over the forecast period.
The high prevalence of gender dysphoria among males leads to the adoption of male-to-female surgery and thus drives the growth of the market segment. For instance, the Scientific Reports article titled "Validity of the Gender Dysphoria diagnosis and incidence trends in Sweden: a nationwide register study published in August 2021" reported that the overall prevalence in the studied population in Europe, the United States, and Australia for gender dysphoria was 0.46/10,000 population, of which 0.68 for birth-assigned males and 0.26 for birth-assigned females. Such a high prevalence of gender dysphoria in males drives the male to female segment of the sex reassignment surgery market over the forecast period.
Additionally, the American Society of Plastic Surgeons report titled "Plastic Surgery Statistics Report" 2020 reported that in the United States, in 2020, trans males had 9,985 gender confirmation surgeries performed compared to 8,986 in 2019. This increasing adoption of surgery is demonstrating the growth of the market segment.
The support from government agencies is also propelling the growth of the market. For instance, as per the March 2022 update, the Ministry of Health, New Zealand reported that a Gender Affirming (Genital) Surgery Service had been established to help more transgender people access publicly-funded gender-affirming genital surgery in New Zealand. The service has been funded with USD 2.99 million approved in Budget 2019 over four years to supplement the allocation of funding from the High-Cost Treatment Pool for gender-affirming genital surgeries. This funding is expected to enable the delivery of up to 14 surgeries per year. Such support from different government agencies is boosting the growth of the market.
Thus, owing to the abovementioned factors, the market segment is expected to show considerable growth over the forecast period.
North America Holds Significant Share in Market and Expected To Do Same Over the Forecast Period
The North American region is expected to hold a significant share in the sex reassignment surgery market owing to the rising burden of gender dysphoria, increasing awareness and adoption of gender reassignment surgery, coupled with the support of government and public organizations.
The growing number of surgeries performed in the region demonstrates the growth of the market in the region. For instance, the Center for Disease Control and Prevention article titled "Transgender and Gender Diverse Persons", updated in July 2021, reported that about 9,000 transgender surgeries are being performed annually across the United States. It also reported that the latest statistics indicate that 0.6% of the United States population identifies as transgender, and nearly 10.9% of medical encounters with transsexualism result in gender-affirming surgeries. Such a high number of surgeries performed in the country depicts significant growth in the market.
Additionally, support from the government, such as care and financial aid for surgical procedures, is also propelling the growth of the market. For instance, in June 2021, Department of Veterans Affairs (VA) secretary Denis McDonough reported the change at a Pride event in Florida that the United States government will offer gender confirmation surgery (Gender Affirmation surgery) for transgender veterans through its health care coverage for the first time. Earlier, only hormone therapy and mental health services were covered under this. Such steps taken by the government are propelling the growth of the market.
Thus, owing to the abovementioned factors, the North American region is expected to show growth over the forecast period.
Gender Reassignment Surgery Industry Overview
The sex reassignment surgery market is a moderately competitive market consisting of a few major players. In terms of market share, private players have a larger share. With the rising government initiatives, market players focusing on the patient-centric approach are major factors propelling the market. Some of the key market players in this market include Mount Sinai, Phuket Plastic Surgery Institute, IM Gender Clinic, CNY Cosmetic and Reconstructive Surgerym, and Boston Medical Center.
Gender Reassignment Surgery Market Leaders
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Mount Sinai
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Boston Medical Center
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CNY Cosmetics & Reconstructive Surgery
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Phuket Plastic Surgery Institute
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IM Gender Clinic
*Disclaimer: Major Players sorted in no particular order
Gender Reassignment Surgery Market News
- In February 2022, The Bellvitge University Hospital in L'Hospitalet de Llobregat (Barcelona) carried out the surgery using a surgical robot to conduct a vaginoplasty with a peritoneal flap on a 30-year-old patient. It is one of the first gender reassignment operations in Europe carried out by robots.
- In February 2022, Carillion Point Surgery Center opened its doors as an outpatient ambulatory surgery center for surgeons needing a professional, Medicare-certified environment to perform gender-confirming surgeries in addition to general plastic and cosmetic surgeries.
Gender Reassignment Surgery Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market Defination
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Growing Burden of Gender Dysphoria and Rising Awarneness for Transgender Related Problems
- 4.2.2 Rising Government Initiatives
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4.3 Market Restraints
- 4.3.1 High Procedural Cost
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Surgery Type
- 5.1.1 Male to Female
- 5.1.2 Female to Male
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5.2 Geography
- 5.2.1 North America
- 5.2.2 Europe
- 5.2.3 Asia-Pacific
- 5.2.4 Middle-East and Africa
- 5.2.5 South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Mount Sinai
- 6.1.2 Boston Medical Center
- 6.1.3 Rumer Cosmetic Surgery
- 6.1.4 Cedar sinai
- 6.1.5 CNY Cosmetic & ReConstructive Surgery
- 6.1.6 Plastic Surgery Group By Rochester
- 6.1.7 Amish Hospital
- 6.1.8 The London Transgender Clinic
- 6.1.9 IM Gender Clinic
- 6.1.10 GRS Montreal Inc.
- 6.1.11 Phuket Plastic Surgery Institute
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityGender Reassignment Surgery Industry Segmentation
As per the scope of the report, gender reassignment surgery is also known as sex reassignment surgery or gender confirmation surgery. It is performed to transition individuals with gender dysphoria to their desired gender. Gender-affirming options may include facial surgery, top surgery, or bottom surgery. The Sex Reassignment Surgery market is segmented by Surgery Type (Male to Female and Female to Male) and by Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segments.
| By Surgery Type | Male to Female |
| Female to Male | |
| Geography | North America |
| Europe | |
| Asia-Pacific | |
| Middle-East and Africa | |
| South America |
Gender Reassignment Surgery Market Research FAQs
What is the current Global Sex Reassignment Surgery Market size?
The Global Sex Reassignment Surgery Market is projected to register a CAGR of 12.20% during the forecast period (2024-2029)
Who are the key players in Global Sex Reassignment Surgery Market?
Mount Sinai, Boston Medical Center, CNY Cosmetics & Reconstructive Surgery, Phuket Plastic Surgery Institute and IM Gender Clinic are the major companies operating in the Global Sex Reassignment Surgery Market.
Which is the fastest growing region in Global Sex Reassignment Surgery Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Sex Reassignment Surgery Market?
In 2024, the North America accounts for the largest market share in Global Sex Reassignment Surgery Market.
What years does this Global Sex Reassignment Surgery Market cover?
The report covers the Global Sex Reassignment Surgery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Sex Reassignment Surgery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the factors driving the Sex Reassignment Surgery Market?
The factors driving the Sex Reassignment Surgery Market are a) Increased awareness and acceptance of transgender identities b) Growing demand for facial surgeries and non-genital surgeries
Sex Reassignment Surgery Industry Report
Statistics for the 2024 Sex Reassignment Surgery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sex Reassignment Surgery analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
