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The gender reassignment surgery market is estimated to grow at a CAGR of 10.73% between 2022 and 2027. The size of the market is forecast to increase by USD 321.48 million. The growth of the market depends on several factors, including the increase in the number of people opting for sex change surgeries globally, favourable government policies, and increasing insurance coverage for gender reassignment surgical procedures.
This report extensively covers market segmentation by type (male to female and female to male), end-user (hospitals and clinics), and geography (North America, Europe, Asia, and Rest of the World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global gender reassignment surgery market as a part of the global healthcare supplies market that primarily covers manufacturers of medical products, including all categories of supplies such as consumables and disposables like safety needles, syringes, and catheters. The parent, global healthcare supplies market, covers products and companies engaged in R&D of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The increase in the number of people opting for sex change surgeries globally is notably driving the market growth, although factors such as the high cost of surgeries may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Gender Reassignment Surgery Market Driver
The increase in the number of people opting for sex change surgeries globally is the key factor driving the global gender reassignment surgery market growth. The number of gender reassignment procedures conducted in the US each year is estimated to be between 100 and 500. The number of such surgeries performed worldwide is estimated to be 2 to 5 times greater than that in the US. The Standards of Care of the World Professional Association of Transgender Health (WPATH) recommends suggesting gender reassignment surgery when a person is 18 years old or above.
According to the 2020 Plastic Surgery Statistics provided by the ASPS, trans females had 6,368 gender confirmation surgeries performed in the US compared to 5,616 in 2019. Furthermore, 9.2% of plastic surgeons globally underwent gender reassignment surgery in 2020, according to statistics from the International Society of Aesthetic Plastic Surgery. The increasing number of gender reassignment surgeries across all regions will enhance the growth of the market during the forecast period.
Key Gender Reassignment Surgery Market Trend
The rising awareness among the transgender population about gender reassignment surgeries is the primary trend in the global gender reassignment surgery market growth. There has been an increase in the demand for gender reassignment surgery globally. The advent of social media has provided the transgender population with a tool for increased visibility and has led to improved societal understanding and acceptance. All transgender people who wish to transition should be offered fertility consultation to explore their options, which may involve fertility preservation, such as sperm or oocyte cryopreservation.
The population of transgender people is increasing, and individuals are beginning to transition at an earlier age. Therefore, rising awareness among the transgender population about gender reassignment surgeries is expected to boost the growth of the market during the forecast period.
Key Gender Reassignment Surgery Market Challenge
The high cost of surgeries is a major challenge to the global gender reassignment surgery market growth. The typical total cost of a gender reassignment surgery includes the expenses incurred in the year preceding the surgery, during which hormone therapy, counselling, and living full-time as a person of the target sex is recommended. Besides this, the cost of the gender reassignment surgery includes the cost of the actual surgical procedures and follow-up care as well as ongoing costs after the surgery, including hormone therapy for life and continued doctor visits.
Apart from the cost of surgery, there are additional expenses related to medication and therapy. A year of therapy with a psychologist is compulsory before undergoing physical transition globally. Thus, the high cost of gender reassignment surgeries poses a major drawback, which can negatively impact the growth of the market during the forecast period.
Key Gender Reassignment Surgery Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Gender Reassignment Surgery Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
bmc.org - The company offers gender reassignment surgery such as Neovaginoplasty.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Based on type, the market is segmented into male to female and female to male. The market share growth of the male to female segment will be significant during the forecast period. Male to female gender reassignment surgery involves the reshaping of the male genitals into a form that has the appearance of, and to some extent, the function of female genitalia. Before any surgery, patients usually undergo female hormone therapy to make them appear more feminine, though this is not a requirement. There are associated surgeries that patients may opt to undergo, including vaginoplasty, facial hair removal, breast augmentation, facial feminization surgery, and various other procedures.
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The male to female segment was valued at USD 231.25 million in 2017 and continued to grow until 2021. During a male to female gender reassignment procedure, parts of the original penis are used to create a sensate neo-vagina. The testicles are removed in a procedure called orchiectomy. The skin from the scrotum is used to make the labia. The erectile tissue of the penis is used to make the neo-clitoris. However, the urethra is preserved and remains functional. Sex change surgery is irreversible. Therefore, anyone who wishes to undergo a sex change operation from male to female should carefully consider the decision. Such factors will increase the market growth during the forecast period.
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North America is projected to hold a 50% share of the market in 2023. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America dominates the global gender reassignment surgery market when compared to other regions in 2022. Gender reassignment surgeries are performed by a multispecialty staff of surgeons, which usually includes board-certified or licensed plastic surgeons. The basic objective of these surgical procedures is to give transgender individuals the functional abilities and physical appearance of the gender that they identify with, both emotionally and psychologically. This type of surgery includes procedures such as transfeminine bottom surgery, transfeminine top surgery, transmasculine top surgery, facial feminization surgery, facial masculinization surgery, and transmasculine bottom surgery. The rise in the incidence of gender dysphoria and the increasing number of people who opt for gender reassignment surgeries are expected to drive the growth of the market in the region during the forecast period.
Insurance providers such as Aetna Inc. (Aetna) and Unicare provide insurance for necessary surgical procedures, such as bilateral salpingo-oophorectomy, hysterectomy, orchiectomy, or ovariectomy. Therefore, the improving reimbursement scenario is expected to positively impact the growth of the regional market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, end-user, and region.
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Gender Reassignment Surgery Market Scope |
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Report Coverage |
Details |
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Page number |
149 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.73% |
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Market growth 2023-2027 |
USD 321.48 million |
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Market structure |
Fragmented |
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YoY growth (%) |
8.52 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 50% |
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Key countries |
US, Canada, Thailand, UK, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Andrew Ives., Boston Childrens Hospital, Boston Medical Center, British United Provident Association Ltd., Chettawut Plastic Surgery Center, CNY Cosmetic & Reconstructive Surgery, Costhetics Pty Ltd., Moein Surgical Arts, Mount Sinai Centre for Transgender Medicine and Surgery (CTMS), Oregon Health and Science University, Penn Medicine, Phuket International Aesthetic Centre (PIAC), Plastic Surgery Group of Rochester, Rumer Cosmetic Surgery ,  Sava Perovic Foundation Surgery, Swedish Health Services, Thai Medical, The Cleveland Clinic Foundation, The Johns Hopkins Health System Corp., and Regents of the University of Michigan |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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