About Sex Reassignment Surgery
Sex reassignment surgery (SRS) has proven to be an effective mediation for the patient with gender dysphoria. For instance, according to the study published by the National Center for Biotechnology Information (NCBI) in 2018, over 1 million adults in the United States were suffering from gender dysphoria. Additionally, according to the American Society of Plastic Surgeons, 2,885 male to female and 6,691 female to male sex reassignment surgeries were performed in 2018. Increasing awareness about transgender issues and accessibility related to SRS procedures expected to fuel the market growth during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 24.12% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Sex Reassignment Surgery market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mount Sinai Centre for Transgender Medicine and Surgery (United States), Transgender Surgery Institute of Southern California (United States), Rumercosmetics (United States), Chettawut Plastic Surgery Centre (Thailand), Phuket International Aesthetic Centre (Thailand), Sava Perovic Foundation Surgery (United States) and Yeson Voice Centre (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Sex Reassignment Surgery market by and Region.
On the basis of geography, the market of Sex Reassignment Surgery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Gender Transition, the sub-segment i.e. Male To Female [Facial, Breast, and Genitals] will boost the Sex Reassignment Surgery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Hospitals & Clinics will boost the Sex Reassignment Surgery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness Regarding Transgender Issues and Increase in Government Support of the Developing Countries
Market Growth Drivers:
Increasing Number of Sex Change Surgeries and Growing Prevalence of Gender Dysphoria
Challenges:
Lack of Awareness among End Users
Restraints:
High Cost of Reassignment Surgical Procedure and Lack of Reimbursement Policies in Some Regions
Opportunities:
Growing Healthcare Infrastructure Worldwide and Growing Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In February 2022, the Carillion Point Surgery Center inaugurated its services as an outpatient ambulatory surgery center. It provided a certified, professional setting for surgeons to conduct gender-confirming surgeries alongside general plastic and cosmetic procedures.
In July 2023, The Illinois Department of Public Health (IDPH) announced that it became easier for Illinois residents to change the gender listed on their birth certificate as of July 1, under a new law signed by Governor JB Pritzker in February. The update to the state’s Vital Records Act that took effect after Pride Month was enacted under HB0009 which allows people to change the gender on their birth certificate by signing a statement affirming their gender identity or intersex condition.
“According to the World Professional Association for Transgender Health, the patient must be physically fit for surgery, the patient must be psychologically prepared for surgery, the patient must have realistic goals and expectations of the surgery, the patient must have a good understanding of the interventions to be performed, the patient should be informed of, and understand, any alternative procedures, risks and complications of the interventions must be reviewed and understood, and the patient must have given their informed consent for the procedures.”
Key Target Audience
Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.