global Neovaginal Surgery market size is expected to be worth around US$ 1.8 billion by 2030, according to a new report by Vision Research Reports.
The global Neovaginal Surgery market size was valued at US$ 2.04 billion in 2020 and is anticipated to grow at a CAGR of 3.70% during forecast period 2021 to 2030.
Supportive insurance and government reimbursement policies for the surgery and social acceptance of transgender individuals are the key factors driving the global market. Researchers focus on designing new alternatives for a skin graft for use in neovaginal construction as innovations enable performing the treatment faster and at a lesser cost than conventional surgery methods.
In April 2017, the Federal University of Ceara (UFC), Brazil, performed an unprecedented procedure, neovaginoplasty, on a 23-year-old woman suffering from MRKH syndrome (vaginal agenesis). The revolutionary surgery method included the use of the skin of tilapia fish for creating a new vaginal canal. Sex Reassignment Surgery (SRS) is expected to be the fastest-growing treatment segment from 2020 to 2027 due to the increasing demand for these surgeries.
For instance, according to the International Medical Tourism Center, around 70% of SRS conducted in Spain are Male-to-Female (MtF) surgeries. Increasing awareness and availability of surgeries, such as neovaginal reconstruction, have led to major workplace-related changes and the provision of insurance coverage for same-sex individuals. In 2016, IBM announced health insurance for same-sex partners including SRS. Thus, various employers offering medical insurance for neovaginal reconstruction surgeries, such as SRS, is expected to boost the market growth.
Sex reassignment surgery was the dominant treatment type segment of the global market in 2020. The segment accounted for the largest revenue share of more than 55% in the same year and is estimated to expand further at the fastest CAGR from 2020 to 2027. This growth is attributed to the rising demand for such surgeries, particularly Male-to-Female (MtF) surgeries, across the globe. Based on the treatment type, the market is segmented into vaginal agenesis treatment, vaginal atresia treatment, and SRS.
the HIF - Health Insurance Fund of Australia, the Australian not-for-profit health fund, includes insurance coverage for SRS, such as neovaginal surgery. Vaginal agenesis is a rare birth defect with an incidence of 1 in 5,000 women. Various surgical methods, such as sigmoid vaginoplasty and Davydov procedure, are adopted for neovagina creation in agenesis patients. Sigmoid vaginoplasty is efficient in a low resource medical facility.
Based on products, the market is segmented into vaginal dilators, vaginal stents, and laparoscopic neovaginal surgeries kits. Vaginal dilators are designed to restore or expand the tissues and musculature of the vaginal opening. Increasing adoption of vaginal dilators for neovaginal construction is anticipated to boost the segment growth. Moreover, the adoption of silicone dilators among women with Mayer–Rokitansky–Küster–Hauser syndrome (MRKH) is increasing.
The growing number of laparoscopic procedures performed globally owing to increasing preference for minimally invasive surgeries for treating vaginal agenesis is driving laparoscopic neovaginal surgeries kits segment growth. In addition, growing consumer preference for laparoscopic procedures for vaginal reconstruction owing to various disadvantages of traditional operative techniques (skin grafting or intestinal substitution), which includes intestinal obstruction, excess mucous production, adenocarcinoma, prolapse, colitis, prolonged recovery time, and significant scarring of the neovagina, is boosting demand for laparoscopic neovaginal surgery kits.
Europe dominated the neovaginal surgery market by product in 2020 and accounted for a share of over 37% due to factors, such as increased demand for vaginoplasty, presence of regulations for these treatments, and initiatives to spread awareness regarding and associated safety concerns.
With rising social awareness and growing acceptance of gender reassignment in the majority of the European countries, the number of surgical procedures and techniques is rapidly increasing, thereby driving the demand for products including vaginal stents, dilators, and laparoscopic neovaginal surgery kits used to perform these procedures. However, the Asia Pacific region is expected to register the fastest growth rate over the forecast period.
Owen Mumford Ltd.
KESSEL medintim GmbH
Phuket Plastic Surgery Institute (PPSI)
Chettawut Plastic Surgery Center
Icahn School of Medicine at Mount Sinai
Treatment Type Outlook
Vaginal Agenesis Treatment
Vaginal Atresia Treatment
Sex Reassignment Surgery
Laparoscopic Neovaginal Surgeries Kits
Middle East & Africa
The Neovaginal Surgery market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Neovaginal Surgery market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Neovaginal Surgery market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Neovaginal Surgery market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Neovaginal Surgery market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Neovaginal Surgery capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Neovaginal Surgery by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Neovaginal Surgery market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Neovaginal Surgery market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Neovaginal Surgery market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Neovaginal Surgery industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Neovaginal Surgery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Neovaginal Surgery market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Neovaginal Surgery market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Neovaginal Surgery market. These factors have benefited the growth of the global market for Neovaginal Surgery. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Neovaginal Surgery. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Neovaginal Surgery are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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