NEW
YORK, June 28, 2024 /PRNewswire/ -- The
global gender reassignment surgery market size is
estimated to grow by USD 369 million
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of over 11.92% during the forecast
period. Increase in number of people opting for sex change
surgeries globally is driving market growth, with a trend
towards advancements in medical technology. However, high
cost of surgeries poses a challenge. Key market players
include Andrew Ives., Boston
Childrens Hospital, Boston Medical Center, Chettawut Plastic
Surgery Center, CNY Cosmetic and Reconstructive Surgery, Crane
Center, Icahn School of Medicine at Mount
Sinai, IVAN MANERO CLINIC S.L., Moein Surgical Arts, Oregon
Health and Science University, Phuket International Aesthetic
Centre PIAC, Plastic Surgery Group of Rochester, Regents of the University of Michigan, Rumer Cosmetic Surgery,
Sava Perovic Foundation Surgery, The Johns Hopkins Health System
Corp., Transgender Surgery Institute, and University of Pennsylvania Health System.
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this
report
Gender Reassignment
Surgery Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
11.92%
|
Market growth
2024-2028
|
USD 369
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
9.22
|
Regional
analysis
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Performing market
contribution
|
North America at
50%
|
Key
countries
|
US, UK, Germany,
Canada, and Thailand
|
Key companies
profiled
|
Andrew Ives., Boston
Childrens Hospital, Boston Medical Center, Chettawut Plastic
Surgery Center, CNY Cosmetic and Reconstructive Surgery, Crane
Center, Icahn School of Medicine at Mount Sinai, IVAN MANERO CLINIC
S.L., Moein Surgical Arts, Oregon Health and Science University,
Phuket International Aesthetic Centre PIAC, Plastic Surgery Group
of Rochester, Regents of the University of Michigan, Rumer Cosmetic
Surgery, Sava Perovic Foundation Surgery, The Johns Hopkins Health
System Corp., Transgender Surgery Institute, and University of
Pennsylvania Health System
|
Market Driver
The global gender reassignment surgery market is experiencing
significant growth due to advancements in medical technology.
Innovations include minimally invasive surgical techniques,
improved medical devices, imaging technologies, and perioperative
care practices. These advancements offer benefits such as smaller
incisions, faster recovery times, and enhanced patient experiences.
Tissue engineering and regenerative medicine also hold promise for
enhancing surgery outcomes. Anesthesia and pain management
advancements optimize patient comfort and reduce complications,
contributing to market growth. Healthcare providers leverage these
technologies to meet the increasing demand for gender-affirming
treatments and improve transgender individuals' quality of
life.
The gender reassignment surgery market is experiencing
significant growth due to increasing acceptance and awareness of
transgender rights. Quite a number of people undergo this procedure
to align their physical appearance with their gender identity. The
services involved include hormone therapy, surgeries such as chest
reconstruction and genital reassignment, and other related
procedures. The cost of these procedures can be substantial, but
many countries offer coverage under their healthcare systems. The
industry is also seeing advancements in technology and techniques,
making the procedures safer and more effective. Additionally, the
availability of financing options and support groups is helping
more individuals access these services. Overall, the gender
reassignment surgery market is poised for continued expansion in
the coming years.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The gender reassignment surgery market involves significant
expenses, including hormone therapy, counseling, and living as a
target gender in the year preceding the procedure. The cost of the
surgery itself ranges from USD0.2-USD0.8
million, depending on the transition type. Ongoing costs,
such as hormone therapy and doctor visits, add to the overall
expense. A year of therapy with a psychologist, required before
physical transition, costs USD1,000-USD1,500
per session, totaling USD48,000-USD72,000. These high costs may hinder market
growth during the forecast period.
- The Gender Reassignment Surgery market faces several
challenges. Healthcare providers offer various procedures such as
hormone therapy, surgeries, and counseling services. However,
access to these services can be a concern for many individuals.
Costs for gender reassignment surgeries can be high, making it
difficult for some to afford. Additionally, there are regulatory
and legal challenges that can impact the availability and
affordability of these services. Furthermore, cultural and societal
norms can create stigma and discrimination, making it challenging
for individuals to seek out the care they need. Despite these
challenges, the market continues to grow as more individuals seek
gender affirming care. Companies must address these challenges to
provide accessible and affordable options for those in need.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This gender reassignment surgery market report extensively
covers market segmentation by
- Type
- 1.1 Male to female
- 1.2 Female to male
- End-user
- 2.1 Hospitals
- 2.2 Clinics
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Male to female- The gender reassignment surgery
market is experiencing significant growth due to increasing
societal acceptance and legal recognition of transgender
individuals. Companies are investing in research and development of
advanced surgical techniques and technologies to cater to this
population's unique needs. The market is expected to expand at a
steady pace, driven by rising demand and improving accessibility to
gender affirming procedures. Businesses are also focusing on
providing comprehensive care, including pre- and post-operative
support, to ensure positive patient outcomes. Overall, the gender
reassignment surgery market presents a promising opportunity for
growth in the healthcare sector.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Gender Reassignment Surgery Market encompasses various
healthcare policies and cultural attitudes towards sex change
procedures. These procedures include surgical interventions such as
genital reconstruction through hysterectomy and phalloplasty, as
well as facial surgeries. From a medical perspective, gender
reassignment involves hormone therapy and mental health-related
considerations. Ethical concerns and affordability are significant
factors influencing the comprehensive healthcare approach to gender
perspectives. Medical innovations continue to advance, offering new
solutions for those seeking sex reassignment surgery. The
population requiring these services relies on specialized
healthcare centers to provide access to these essential
procedures.
Market Research Overview
The Gender Reassignment Surgery market refers to the industry
dedicated to providing surgical solutions for individuals seeking
to align their physical identity with their gender identity. This
market encompasses a range of procedures, including but not limited
to, hormone therapy, gender affirming surgeries such as
orchiectomy, mastectomy, and vaginoplasty, and other related
treatments. The market caters to the needs of transgender and
gender non-conforming individuals, providing them with essential
medical services to help them live authentically. The demand for
gender reassignment surgeries is on the rise due to increasing
awareness and acceptance of transgender rights, as well as
advancements in medical technology. The market is expected to grow
significantly in the coming years, offering new opportunities for
healthcare professionals and organizations specializing in gender
affirming care.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Male To Female
- Female To Male
- End-user
-
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio