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.According to AMA, the market for Sex Reassignment Surgery is expected to register a CAGR of 24.12% during the forecast period to 2024. This growth is primarily driven by Increasing Number of Sex Change Surgeries and Growing Prevalence of Gender Dysphoria.
Globally, a noticeable market trend is evident Rising Awareness Regarding Transgender Issues
. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
“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.”
- Increasing Number of Sex Change Surgeries
- Growing Prevalence of Gender Dysphoria
- Rising Awareness Regarding Transgender Issues
- Increase in Government Support of the Developing Countries
- High Cost of Reassignment Surgical Procedure
- Lack of Reimbursement Policies in Some Regions
Growing Healthcare Infrastructure Worldwide and Growing Demand from the Developing Economies
Lack of Awareness among End Users
AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization of the Report:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase