Sex Reassignment Surgery Market, By Gender Transition (Female to Male and Male to Female), End User

Published Date: June 2020 | Report Code : HC2068271

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Sex Reassignment Surgery Market, By Gender Transition (Female to Male and Male to Female), End User (Hospitals & Clinics and Others), and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Market Size & Forecasting to 2028

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Domain : Healthcare

Report Code : HC2068271

Status : Published June 2020

The Global Sex Reassignment Surgery Market size was valued at USD 334 million in 2019 and is anticipated to grow at a CAGR of 23.1% during the forecast period. Sex reassignment surgery is also known as genital reconstruction surgery, gender reassignment surgery, sex affirmation procedures, and sex change surgery. These surgeries functions as changing the genitalia from one gender to another gender. Increase in tourism sector and fake sex further increase the demand for sex reassignment surgery during the forecast period.            

Increase in number of transgender across the globe, increase in preference for sex change surgeries, Increase in demand for satisfaction in sex life, government support for the sex change policies, increase in prevalence of sexually transmitted diseases (STDs) and HIV infection across the globe, rise in prevalence of gender dysphoria, increase in prevalence of sexual disorders, is further expected to drive the growth of sex reassignment surgery market. Furthermore, high surgery costs and lack of awareness in underdeveloped countries are some of the major factors which hamper the growth of sex reassignment surgery market.

Growing demand from emerging economies, increase in innovation and development in surgery procedures, government initiatives for the healthy lifestyle of individual, changing policies for transgender. Therefore, the effect of this factor on sex reassignment surgery market is expected to increase soon with continuously evolving technologies.

Key Factors Impacting the Growth of Sex Reassignment Surgery Market:

  • Technological advancements
  • Increasing demand from lesbian, gay, bisexual, transgender
  • Increase in innovation and development in sex surgeries
  • Increasing incidences of sexual disorders

The sex reassignment surgery market segmentation is based on gender transitions, end user, and region.

Gender Transition Outlook:

The gender transition for the generation of revenues in the global sex reassignment surgery market is male to female. The male to female segment is predicted to account for the largest share in sex reassignment surgery market. This can be due to favorable reimbursement policies, increasing health insurance for the surgical procedures, and growth in number of males to female sex reassignments surgeries in last several years.

End User Outlook:

Based on end user, the sex reassignment surgery market has been segmented into hospitals & clinics and others. As per the current market scenario, the hospitals & clinics segment has covered the largest sex reassignment surgery market share and is projected to register a higher CAGR during the forecast period. The increase in number of sex change surgery in hospitals, growing preference for treatment in hospitals are the factors which are expected to increase the demand for sex reassignment surgery during the forecast period.

Regional Outlook:

Based on the region, the global sex reassignment surgery market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World.

North America is expected to register largest share in the market due to increase in number of transgenders, increase in demand for sex reassignment surgery, increase in awareness of HIV and sexually transmitted diseases (STDs), growing prevalence of sexual disorders. Increase in number of sex change clinics and hospitals and increase in innovation and development in sex reassignment surgery by key players expected to raise the demand for sex reassignment surgery in region. In Europe, rise in number of sex reassignment surgery research centers, rising number of sex reassignment surgery, growing demand for healthy sexual life, and increase in innovation and development in sex reassignment surgery is expected to increase the demand for sex reassignment surgery in the region.

Asia Pacific is estimated to project the fastest growth rate in the global sex reassignment surgery market during the forecast period. This growth can be accredited to several factors, such as the increase in number of HIV patients, low costs of sex reassignment surgeries in developing countries such as Thailand, Indonesia, and South Korea, rising purchasing power of consumers, increase in demand sex reassignment surgery in developing countries such as India, China and South Korea.

The report analyzes factors affecting the sex reassignment surgery market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the Sex reassignment surgery market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Competitive Landscape

Innovative advancement in sex reassignment surgery helps to active ingredient in cleaning products and environmental regulations to reduce Voc emissions. Major companies are investing in research and development. Key market players are also adopting inorganic development strategies like as acquisition of local brands. Similarly, other business models such as joint venture and market entry strategies are helping prominent vendors to make their presence felt in the sex reassignment surgery market and increase their product portfolio. The key leading players in the market include Bupa Cromwell Hospital, Chettawut Plastic Surgery Centre, Phuket International Aesthetic Centre (PIAC), Mount Sinai Centre for Transgender Medicine and Surgery, Yeson Voice center, Sava Perovic Foundation Surgery, Rumercosmetics, Transgender Surgery Institute of Southern California, and Rumer Cosmetic Surgery.

This report also includes the profiles of key sex reassignment surgery market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Sex reassignment surgery Market:

  • In June 2019, Rumer Cosmetics offers male to female sex reassignment surgeries. The surgeries offer major patient pool from North America and enhance is brand name.

What Does This Report Provide?

This report provides a detailed understanding of the global sex reassignment surgery market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Gender Transition

  • Female to Male
  • Male to Female

By End User

  • Hospitals & Clinics
  • Others

By Region:

  • North America Sex Reassignment Surgery Market
    • By Country (US, Canada, Mexico)
    • By Gender Transition
    • By End User
  • Europe Sex Reassignment Surgery Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Gender Transition
    • By End User
  • Asia Pacific Sex Reassignment Surgery Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Gender Transition
    • By End User
  • Middle East & Africa Sex Reassignment Surgery Market
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Gender Transition
    • By End User
  • South America Sex Reassignment Surgery Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Gender Transition
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the sex reassignment surgery market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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