The U.S. sex reassignment surgery market was valued at USD 2.03 billion in 2021 and it is predicted to surpass around USD 5.4 billion by 2030 with a CAGR of 11.48 % from 2022 to 2030.
Growing public acceptance, rising insurance coverage, and increasing medical insight are expected to boost the demand and enhance access to sex reassignment surgeries in the U.S.
Government bodies are implementing measures to expand access to gender reassignment surgery. Health insurance companies and large corporations are increasingly covering gender-altering operations. According to a poll by Willis Towers Watson, a growing number of firms are implementing transgender medical benefits. A federal prisoner in Wisconsin won her lawsuit for gender transition surgery in December 2020, and in May 2021, the Utah Supreme Court upheld the ability of transgender individuals to amend their sex designation on the birth certificate.
The COVID-19 pandemic has drastically affected the market dynamics, with the cancelation of elective procedures, postponement of opted surgeries, and others. The surgical industry is reviving slowly and new surgery inquiries are increasing for gender affirmation surgeries. Plastic surgeons have seen a drastic decrease in the variety of procedures and services they are allowed to offer during the pandemic. Those who conducted primarily gender affirmation, cosmetic, or other regular elective treatments were affected more than those who performed reconstructive, craniofacial, and hand surgery.
Scope of The Report
Report Coverage | Details |
Market Size in 2021 | USD 2.03 billion |
Revenue Forecast by 2030 | USD 5.4 billion |
Growth rate from 2022 to 2030 | CAGR of 11.48 % |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Segmentation | Gender transition |
Companies Covered | Mount Sinai; Transgender Surgery Institute of Southern California; Cedars Sinai; Moein Surgical Arts; Boston Medical Center; Cleveland Clinic; CNY Cosmetic & Reconstructive Surgery; Plastic Surgery Group Rochester; The Johns Hopkins University; The University of Michigan Health System |
Gender Transition Insights
Based on gender transition, the market is segmented into male-to-female (MTF) and female-to-male (FTM). The FTM segment dominated the market in 2021 with the largest revenue share. This is attributed to continuous innovations in metoidioplasty, phalloplasty, scrotoplasty, and chest reconstructing. According to ASPS, there was an overall 13% & 14% increase in transgender female sex reassignment surgeries and breast/chest & facial procedures in 2020, respectively.
The MTF sex reassignment surgery is expected to witness the fastest growth during the forecast period owing to the high prevalence of gender dysphoria among males compared to females. According to the 2021 annual report of the Mount Sinai Center for Transgender Medicine and Surgery, around 861 gender-affirming surgeries were performed at this hospital, wherein 639 surgeries were feminization procedures. The transmasculine population aged 25 to 34 is more likely to undergo gender-affirming surgeries, accounting for around 41% of total transfeminine surgeries.
In addition, according to the American Society of Plastic Surgeons, transgender males in the U.S. underwent 9,985 gender confirmation surgeries in 2020 compared to 8,986 in 2019. Government support is also driving the market. Thus, government support in the form of Medicare coverage and an increase in the number of gender confirmation surgeries are factors likely to boost the market growth.
Key Players
Market Segmentation
By Gender Transition Outlook
Chapter 1. Introduction
1.1.Research Objective
1.2.Scope of the Study
1.3.Definition
Chapter 2. Research Methodology
2.1.Research Approach
2.2.Data Sources
2.3.Assumptions & Limitations
Chapter 3. Executive Summary
3.1.Market Snapshot
Chapter 4. Market Variables and Scope
4.1.Introduction
4.2.Market Classification and Scope
4.3.Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5.COVID 19 Impact on U.S. Sex Reassignment Surgery Market
5.1. COVID-19 Landscape: U.S. Sex Reassignment Surgery Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4.Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1.Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2.Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1.List of Suppliers
7.1.3.2.List of Buyers
Chapter 8. U.S. Sex Reassignment Surgery Market, By Gender Transition
8.1.U.S. Sex Reassignment Surgery Market, by Gender Transition Type, 2020-2027
8.1.1. Male-To-Female
8.1.1.1.Market Revenue and Forecast (2016-2027)
8.1.2. Female-To-Male
8.1.2.1.Market Revenue and Forecast (2016-2027)
Chapter 9. U.S. Sex Reassignment Surgery Market, Regional Estimates and Trend Forecast
9.1.U.S.
9.1.1. Market Revenue and Forecast, by Gender Transition (2016-2027)
Chapter 10.Company Profiles
10.1.The Mount Sinai Health System
10.1.1.Company Overview
10.1.2.Product Offerings
10.1.3.Financial Performance
10.1.4.Recent Initiatives
10.2.Transgender Surgery Institute of Southern California
10.2.1.Company Overview
10.2.2.Product Offerings
10.2.3.Financial Performance
10.2.4.Recent Initiatives
10.3.Cedars Sinai
10.3.1.Company Overview
10.3.2.Product Offerings
10.3.3.Financial Performance
10.3.4.Recent Initiatives
10.4.Moein Surgical Arts
10.4.1.Company Overview
10.4.2.Product Offerings
10.4.3.Financial Performance
10.4.4.Recent Initiatives
10.5.Boston Medical Center
10.5.1.Company Overview
10.5.2.Product Offerings
10.5.3.Financial Performance
10.5.4.Recent Initiatives
10.6.Cleveland Clinic
10.6.1.Company Overview
10.6.2.Product Offerings
10.6.3.Financial Performance
10.6.4.Recent Initiatives
10.7.CNY Cosmetic & Reconstructive Surgery
10.7.1.Company Overview
10.7.2.Product Offerings
10.7.3.Financial Performance
10.7.4.Recent Initiatives
10.8.Plastic Surgery Group Rochester
10.8.1.Company Overview
10.8.2.Product Offerings
10.8.3.Financial Performance
10.8.4.Recent Initiatives
10.9.The University of Michigan Health System
10.9.1.Company Overview
10.9.2.Product Offerings
10.9.3.Financial Performance
10.9.4.Recent Initiatives
10.10.The Johns Hopkins University
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11.Research Methodology
11.1.Primary Research
11.2.Secondary Research
11.3.Assumptions
Chapter 12.Appendix
12.1.About Us
12.2.Glossary of Terms