Sex Reassignment Surgery Market is Expected to
Witness High Growth Owing to Increasing Gender Dysphoria Cases
Sex reassignment surgery, clinically
known as gender confirmation surgery, refers to a group of surgical procedures
that help a person transition to the sex they identify with. It involves
reconstruction of genitalia as well as other sex characteristics like breast
enhancement or removal. There is a need for sex reassignment surgeries due to
an increased number of people, especially teenagers and young adults,
experience gender dysphoria, a condition where a person's biological sex does
not align with their gender identity. Surgeries are aimed at helping the
patient's physical body match their gender identity.
The
global sex reassignment surgery market is estimated to be valued at US$ 879.57
Mn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period
2024 to 2031.
Key Takeaways
Key players operating in the sex reassignment surgery market are Chettawut
Plastic Surgery Center, Mount Sinai Centre for Transgender Medicine and
Surgery, Rumercosmetics, Phuket International Aesthetic Centre, Yeson Voice
centre, Bella Masena Clinic, Transgender Surgery Institute, McLean Clinic,
Kamol Cosmetic Hospital, Dr. Alter G&unter Clinic, NYC Health +
Hospitals/Jacob, Ram Manohar Lohia (RML) Hospital.
The Sex
Reassignment Surgery market Size development in surgical procedures like
non-invasive or minimally invasive procedures and increasing number of
insurance coverage for transgender healthcare and surgeries.
Globally, there is an increasing acceptance towards the transgender community
and rising prevalence of gender dysphoria cases especially among youth in
western countries and regions like North America, Europe, Australia driving the
demand for reassignment surgeries in these markets.
Market Drivers
One Medical
Bionic Implants Market is the increasing number of people experiencing
gender dysphoria worldwide. According to recent studies, approximately 0.6% of
the global population experiences gender dysphoria to some degree. Factors like
greater societal acceptance and more awareness about transgender issues have
encouraged more people to open up about their condition and seek treatment
options like surgery. This has resulted in higher demand for sex reassignment
surgeries.
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