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 Gunter 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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