Global Sex Reassignment Surgery Market to Grow at a CAGR of 23% During 2024-2032, Driven by Changing Federal and State Laws Pertaining to Sex Reassignment

According to reports, in 2021, about 42,000 children and teens across the United States were diagnosed with gender dysphoria. Gender dysphoria refers to the distress caused by the disparity between a person’s gender identity and the one assigned at birth. The increasing number of children in the United States choosing medical interventions in order to express their identity and reduce their distress is aiding the sex reassignment surgery market growth.

From 2019 to 2021, about 776 mastectomies were performed on patients ages 13 to 17 with a gender dysphoria diagnosis in the United States. Additionally, in 2019, about 13,000 procedures were conducted, whereas in 2020, 12,800 surgeries were carried out in the United States. The most common surgeries carried out are breast and chest surgeries, genital surgeries, and other facial or cosmetic procedures.

Changes in state and federal laws in countries such as the United States have been key factors in driving the market for sex reassignment surgeries. The increasing social acceptance of the trans community and the rise of insurance coverage for gender reassignment surgeries also contribute to the rise in the number of surgeries.

Centene Corporation (NYSE: CNC), a prominent healthcare facility in the United States, offers gender reassignment surgeries, including hormone treatment, counselling, psychotherapy, complete hysterectomy, bilateral mastectomy, chest reconstruction or augmentation, genital reconstruction, facial hair removal, and several facial plastic reconstructions.

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Market Analysis by Gender Transition, End Use, and Region:

• The market, on the basis of gender transition, can be divided into male to female and female to male.

• Based on end use, the market can be divided into hospitals and clinics, among others.

• The major regional markets for sex reassignment surgery include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The sex reassignment surgery market expansion is being driven by the increasing acceptance of the trans community across the globe.

• The establishment of government rules and regulations in favour of individuals with gender dysphoria is increasing the number of reassignment surgeries.

• The improving access to medical treatments pertaining to sex reassignment is catering to the growth of the market.

• The rising knowledge of the benefits of surgery such as including better mental health, a reduction in suicidal thoughts, a better quality of life, and a higher rate of general life satisfaction is contributing to an increase in the number of sex reassignment surgeries.

Key Offerings of the Report:

• The EMR report gives an overview of the global sex reassignment surgery market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for gender transitions, end uses, and major regions of sex reassignment surgery.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global sex reassignment surgery market are Boston Medical Center, Chettawut Plastic Surgery Center, Rumer Cosmetic Surgery, and Plastic Surgery Group of Rochester, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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