Sex Reassignment Surgery Market To Register Substantial Expansion By 2026
Sex reassignment surgery is a procedure to alter the physical appearance, function, and gender of a person from the existing sexual characteristics. Transgender people who undergo sex reassignment surgery are referred as transsexual. Sex reassignment surgery is performed on people with severe gender dysphoria. People with gender dysphoria are properly evaluated to be mentally healthy before surgery, which is determined by doing a mental health evaluation. People with gender dysphoria usually suffer through depression and anxiety of being not accepted by the society and due to having the gender that he or she does not feel comfortable with. After undergoing sex reassignment surgery, a person’s feelings of anxiety and depression are expected to reduce. Before the surgery, a patient is required to undergo hormone therapy, which is important because a person not only gets identified by his or her physical appearance, but also by the hormonal changes he or she undergoes.
Favorable government policies and global rise in awareness drive the global sex reassignment surgery market. Rise in prevalence of gender dysphoria in the last decade and access to sex reassignment surgical procedures are the other factors boosting market growth. There has been fourfold increase in the number of sex reassignment surgeries in the past few years owing to technological advancements primarily in the developed regions and increase in support by governments of the developing countries. However, high cost of surgery and lack of reimbursement policies in some developed countries is projected to hamper the growth of the global sex reassignment surgery market. Lack of awareness and unfavorable government policies in some developing and under-developed countries are also expected to restrain the market.
A study published in NCBI in 2016 revealed that there were around 1 million reported adults suffering from gender dysphoria in the U.S. alone. According to American Society of Plastic Surgeons statistics, over 3,250 sex reassignment surgeries were performed in the U.S. in 2016, 19% higher than in 2015. Transition from male to female sex is preferred and is a rapidly increasing sex reassignment surgery, accounting for around 60% of the total sex reassignment surgeries. Nearly 1,876 surgical procedures were performed in the U.S. in 2016 as compared to 1,380 in 2015; this shows rise in male to female surgical procedures.
The global sex reassignment surgery market can be segmented based on gender transition type, end-user, and region. In terms of gender transition type, the market can be bifurcated into male to female and female to male. The male to female segment can be classified into facial, breast, and genitals. The female to male segment can be categorized into facial, chest, and genitals. Based on end-user, the global sex reassignment surgery market can be divided into hospitals & clinics and others.
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