GENDER REASSIGNMENT SURGERY MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Gender Reassignment Surgery Market Analysis:

The market for sex reassignment surgery is anticipated to experience a compound annual growth rate (CAGR) of 12.2% during the forecast period of 2022–2027. The growth rate of this market has been impacted by the COVID-19 pandemic. As elective surgeries, gender-affirming surgeries have been delayed or halted, as reported by the American Society of Plastic Surgeons in their article “The Impact of COVID-19 on Gender Dysphoria Patients” published in May 2020. The Plastic and Reconstructive Surgery article titled “The Impact of COVID-19-based Suspension of Surgeries on Plastic Surgery Practices: A Survey of ACAPS Members” published in August 2020, reported that 32% of the studied population performed gender affirmation surgery. Due to COVID-19, face, chest, and genital surgery were not being offered, and nearly 8% responded that revision sex reaffirmation surgery was a situation-specific scenario. These delays have impacted the growth of the overall market during the pandemic phase.

The growth of the market is being driven by factors such as increasing awareness about sex reassignment surgery, the burden of gender dysphoria, and government initiatives. The American Society of Plastic Surgeons report titled “Plastic Surgery Statistics Report” 2020 reported that in the United States, in 2020, trans females had 6,368 gender confirmation surgeries performed compared to 5,616 in 2019. It was also reported that in 2020, out of these 1,102 facial surgeries, 4,035 breast or chest surgeries, and 1,231 genital surgeries were performed. Furthermore, according to the International Society of Aesthetic Plastic Surgery 2020 statistics, 9.2 percent of plastic surgeons worldwide performed sex reassignment surgery in 2020. These statistics demonstrate the positive growth of the market throughout the forecast period.

The growth of the market segment is also being boosted by rising government initiatives in different countries to provide financial aid, equal rights, and support for transgender health. For example, in November 2020, the government of India framed rules to implement the Transgender Persons (Protection of Rights) Act, 2019, under which the center proposes that at least one government hospital in every state will be equipped to provide free gender reassignment surgery and counseling.

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