Gender Reassignment Surgery Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.26 Billion |
| Market Size (2029) | USD 2.24 Billion |
| 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 size is estimated at USD 1.26 billion in 2024, and is expected to reach USD 2.24 billion by 2029, growing at a CAGR of 12.20% during the forecast period (2024-2029).
Gender reassignment refers to the medical and surgical processes undertaken to align an individual's physical characteristics and identity with their gender identity, often encompassing hormone therapy and various surgical interventions. This evolving practice is supported by a growing recognition of gender diversity and the importance of providing inclusive healthcare solutions.
Factors such as the increasing burden of gender dysphoria and growing awareness of gender reassignment procedures are expected to boost the market's growth over the coming years. In addition, supportive government initiatives and improving reimbursement scenarios are further projected to boost the market's growth during the study period.
The increasing incidence of gender dysphoria among youth is one of the major growth-rendering factors for the increased demand for sex reassignment surgeries. For instance, according to July 2024 data from the Society for Evidence-Based Gender Medicine, the burden of gender dysphoria has increased significantly over the years. In addition, according to the same source, the prevalence of gender dysphoria was 452.6/100,000 for patients between age 15-19 and 306.4/100,000 in patients aged 20 to 24 in Germany.
In addition, various discrimination issues and social issues are further expected to propel the demand for gender reassignment surgeries. For instance, according to an article published by Frontiers in Public Health in July 2023, there is great discrimination between 2SLGBTQ+ (Two-Spirit, Lesbian, Gay, Bisexual, Transgender, Queer) and other such communities in Canada, and this led to long-term depression in people. Therefore, the growing burden of gender dysphoria and several social issues have resulted in the increased demand for gender reassignment surgeries, and this trend is further anticipated to propel the market's growth during the forecast period.
Moreover, profound benefits from sex reassignment surgeries and their long-term impact on reducing depression rates in patients are further anticipated to accelerate their uptake during the study period. For instance, according to an article published by Plastic and Reconstructive Surgery in June 2023, gender reassignment procedures were found to improve the mental health of patients and also declined overall consumption rates of Serotonin-norepinephrine reuptake inhibitors and Selective serotonin reuptake inhibitors in patients. Such benefits offered by these procedures are likely to spur its adoption rate in the coming years.
Furthermore, supportive government legislation and initiatives to support gender reassignment procedures are further expected to facilitate market uptake over the study period. For instance, in April 2024, Sweden passed a law regarding gender change and reduced the minimum age to 16 from 18 for gender change surgeries. Similarly, in April 2024, Germany also passed a law to normalize gender change processes in Germany and legalized overall procedures.
Thus, the supportive government norms for gender change procedures are expected to augment the uptake of gender reassignment surgeries, thereby fueling market expansion.
Therefore, the above-mentioned factors, such as growing concerns about gender dysphoria, benefits associated with gender reassignment surgeries, and supportive government legislation, are expected to boost the market's growth during the forecast period.
However, the slow penetration of procedures in developing countries and the high cost associated with procedures are expected to limit the market's growth during the study period.
Gender Reassignment Surgery Market Trends
The Male to Female Segment is Expected to Project Significant Growth During the Forecast Period
Factors such as the increasing awareness about gender reaffirmation surgeries in males and the rising number of gender reassignment surgeries are driving the market's growth during the forecast period.
The high demand for sex-affirmation surgeries in men and a greater level of satisfaction associated with sex-affirmation surgeries in men is further expected to fuel the market's growth during the forecast period. For instance, according to an article published by Current Obstetrics and Gynecology Reports in May 2024, surgical affirmation care helped reduce gender dysphoria in men and gave satisfaction to men undergoing men-to-women affirmation procedures.
Therefore, the enhanced benefits associated with these procedures are likely to bolster their adoption, which is expected to create new business avenues for market expansion.
Also, an article published in the Plastic and Reconstructive Surgery Journal in February 2023 stated that genital gender-affirming surgery for transgender, two-spirit, nonbinary, and other gender-expansive individuals has been shown to improve quality of life by up to 93%, with negligible reported regret following vaginoplasty. Thus, such enhanced benefits associated with such surgeries are likely to propel the segment's growth during the study period.
Moreover, technological advancements in surgical procedures further drive the segment’s growth. For instance, in February 2022, the Bellvitge University Hospital in L’Hospitalet de Llobregat (Barcelona) used a surgical robot to perform 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. Hence, such technological advancements are likely to open new business avenues for performing such surgeries.
Thus, owing to the abovementioned factors, such as the growing advantages associated with sex affirmation surgeries in men and the increasing demand for such kinds of procedures, are projected to boost the segment's growth during the study period.
North America Holds a Significant Share in the Market and Expected to Maintain During the Forecast Period
North America is expected to hold a significant share of 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 high percentage of transgender and non-binary people and the large number of surgeries performed in the region demonstrate the growth of the market in the region. For instance, according to June 2024 data from the USAFacts, around 3 million Americans, or 1.14% of the nation’s adult population, identify themselves as transgender. This high transgender population volume in the region is likely to generate a lucrative demand for sex reassignment procedures in the region, which, in turn, is expected to facilitate the market's growth during the study period.
Moreover, technological advancements, high uptake of gender reassignment procedures, and supportive government legislation have further contributed to the market's growth in North America. For instance, according to an article published by the Journal of American Medical Association in August 2023, the demand for gender-affirming surgeries (GAS) has increased significantly in the United States, and among them, chest surgery and breast surgeries were the most common reassignment procedures performed in the United States. Such a heightened demand for sex reassignment surgeries is expected to open new business avenues.
Furthermore, the growing launches of new gender reassignment facilities in the region are expected to further support the regional market's growth. For instance, in February 2022, Carillion Point Surgery Center launched 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.
Thus, owing to the abovementioned factors, such as the high number of transgender people with increasing demand for sex reassignment surgeries and government initiatives, North America is expected to show significant growth during the study period.
Sex Reassignment Surgery Industry Overview
The gender reassignment surgery market is semi-consolidated and consists of a few major players. Rising government initiatives and the growing focus of market players to provide patient-centric solutions are driving the market's growth. Some of the key players in this market are Mount Sinai, Phuket Plastic Surgery Institute, IM Gender Clinic, CNY Cosmetic and Reconstructive Surgery, and Boston Medical Center.
Sex 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
Sex Reassignment Surgery Market News
- September 2023: Dr. RML Hospital in India Inaugurated India’s first OPD for transgenders. The facility was opened to facilitate investigations, sex change surgery, and free treatment for the transgender community.
- November 2023: The Federal Health Department of Australia planned to consider gender-affirming surgery under Medicare. This step helped the country to transform the gender reassignment surgery landscape in Australia.
Global Sex Reassignment Surgery Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Burden of Gender Dysphoria and Rising Awareness about Transgender Related Problems
4.2.2 Rising Government Initiatives
4.3 Market Restraints
4.3.1 High Procedural Cost of Surgery
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 (Market Size by Value - USD)
5.1 By Surgery Type
5.1.1 Male to Female
5.1.2 Female to Male
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
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 Rochester Regional Health
6.1.6 The London Transgender Clinic
6.1.7 IM Gender Clinic
6.1.8 GRS Montreal Inc.
6.1.9 Phuket Plastic Surgery Institute
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Sex 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 gender reassignment surgery market is segmented by surgery type and geography. Based on surgery type, the market is segmented as male to female and female to male. By geography, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.
The report also covers the market sizes and forecasts for the gender reassignment surgery market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| By Surgery Type | |
| Male to Female | |
| Female to Male |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Middle East and Africa | |
| South America |
Global Sex Reassignment Surgery Market Research Faqs
How big is the Global Sex Reassignment Surgery Market?
The Global Sex Reassignment Surgery Market size is expected to reach USD 1.26 billion in 2024 and grow at a CAGR of 12.20% to reach USD 2.24 billion by 2029.
What is the current Global Sex Reassignment Surgery Market size?
In 2024, the Global Sex Reassignment Surgery Market size is expected to reach USD 1.26 billion.
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, and what was the market size in 2023?
In 2023, the Global Sex Reassignment Surgery Market size was estimated at USD 1.11 billion. 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
Global 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.
