U.S. Sex Reassignment Surgery Market Growth & Trends

The U.S. sex reassignment surgery market size is expected to reach USD 781.8 million by 2027, based on a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 14.4% from 2020 to 2027. There are around 198.5 million Americans aged 20 - 65, accounting for 60% of the population, out of which 0.6% identify themselves as transgender as per the 2016 report of the Williams Institute, UCLA. People of this age group are considered to be the target population for this market.

According to the Plastic Surgery Statistics by the American Society of Plastic Surgeons, Americans aged 40 of 54 opted for 49% of cosmetic surgeries in the U.S. including 7.9 million total cosmetic procedures, 568,000 surgical procedures, and 7.3 million minimally invasive surgeries. Furthermore, USD 16.7 billion were spent on cosmetic procedures in the U.S., out of which the age group of 20 – 65 accounted for more than 50% of surgeries in 2019. This is expected to drive the market during the forecast period.

The U.S. sex reassignment surgery providers are engaging in new facility launches to strengthen their market presence. For instance, in September 2020, seven hospital facilities within the Mount Sinai Health System have been recognized as national leaders in LGBTQ health care equality by the Human Rights Campaign Foundation’s 2020 Healthcare Equality Index (HEI).

U.S. Sex Reassignment Surgery Market Report Highlights

  • By gender transition, the female to male segment held the largest revenue share in the market in 2019. Demand for U.S. sex reassignment surgery is increasing due to an increase in the number of people opting for sex-change surgeries and growing awareness and acceptance of the transgender community
  • There are around 198.5 million Americans aged 20 - 65, accounting for 60% of the population out of which ~0.6% identify themselves as transgender as per the 2016 report of the Williams Institute, UCLA. People of this age group are considered to be the target population for this market
  • The increasing number of sex reassignment surgeries is among the major factors driving the sex reassignment surgery market. Rise is seen among the patients choosing to change their sex from female to male and male to female, which has increased nearly four times ever since the last decade