Sex Reassignment Surgery Market will exceed USD 968 million by 2024; as per a new research report. Increase in number of gender reassignment surgical procedures across the world will drive the growth of sex reassignment surgery market. There has been an increase in the patients wanting to change their sex from male to female or vice versa, increasing nearly fourfold in the last decade. According to the recent statistics from The American Society of Plastic Surgeons, in the U.S. plastic surgeons performed more than 3,250 sex change operations in the year 2016, increased by 19% as compared to the previous year.
A concerning number of transgender patients that have undergone gender reassignment surgeries have expressed regrets, suicidal thoughts and depression. Increase in number of sex change regret incidence will affect the growth of sex reassignment market as it will lead to decline in the number of people opting for surgical procedures.
Thailand sex reassignment surgery market is the second biggest market after U.S., accounting for around USD 16.2 million in the year 2017. High number of transgender population opting for sex change surgical procedure, low cost of the surgical procedure and booming medical tourism in the country will augment the industry growth in upcoming years.