Market Trends of Global Sex Reassignment Surgery Industry
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.
