Sex Reassignment Surgery Market statistics and research analysis released in latest report

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Growing awareness regarding transgender issues to
outline sex reassignment surgery market trends
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Sex Reassignment Surgery
Market

• Growing awareness about transgender problems will
  influence sex reassignment surgery market outlook
  worldwide, along with favorable government
  policies associated with gender transition.
  Expanding patient pool with an inclination
  towards changing sex from female to male and
  vice-verse will result in rise in number of sex
  reassignment procedures.
• Over the past few years, the number of such
  patients has increased nearly four times. For
  instance, as per the recent data by the American
  Society of Plastic Surgeons, more than 3,000
  trans masculine and trans feminine surgeries were
  conducted in 2016. Rise in number of gender
  transition surgeries will boost industry growth
  in the coming years. Sex reassignment surgery
  market size is forecast to surpass USD 1.5
  billion in value by 2026 globally.

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Continued...

• Increased number of resources and availability of
  gender reassignment surgical centers is
  attracting more transgender population to undergo
  the knife. As per a study published in the
  American Journal of Psychiatry, gender
  reassignment surgery lowers the risk of anxiety,
  depression or suicidal behavior in transgenders
  along with imparting long term mental health
  benefits to them. Rising knowledge pertaining to
  solutions for transgender issues will encourage
  sex reassignment surgeries.
• According to recent studies, the number of gender
  confirmation surgeries from male to female are 3
  times more than female to male surgeries. In
  2019, male to female sex reassignment surgery
  accounted for a revenue of over USD 184.6
  million. The growth can be attributed to the rise
  in medical insurance coverage for male to female
  fender reassignment procedures along with the
  availability of expert opinions on the medical
  necessity of gender transition.

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Continued...

• Male to female surgeries are bifurcated into
  breast, genital and facial procedures. The
  genital surgery is further divided into
  orchiectomy, vaginoplasty and phallectomy. These
  surgeries are carried out for restructuring the
  male genitals into female genitals by altering
  function as well as appearance.
• United States sex reassignment surgery market
  share is likely to grow at nearly 24.5 CAGR
  through 2026. The American Society of Plastic
  Surgeons has confirmed that there was an increase
  of around 20 sex transition procedures in 2016
  in the country when compared to the previous
  year. Transgender men as well as women in the
  developed countries are inclined to undergo
  gender change surgery owing to more support and
  availability, which has significantly triggered
  the demand for sex reassignment operations.

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