Sex Reassignment Surgery Market valued at USD 316 million in 2019 and is forecast to grow with a CAGR of over 25.1% during the projection timeframe. Increase in research as well as public awareness related to the gender reassignment surgery will enhance the market demand.
Favourable government policies associated with gender transition surgeries is one of the major factors driving the industry demand.
The market for sex reassignment surgery in Australia held a significant revenue share in 2019 and is estimated to witness 25.8% CAGR over the analysis timeframe. The high growth is owing to the growing number of transgender population in the country coupled with growing number of surgeries. Moreover, Medicare as well as private health insurance cover the gender reassignment surgery in Australia. Thus, this will help the patients to undergo surgeries with lower cost, resulting in attracting a greater number of patients across the country. Hence, the above-mentioned factors will play vital role in augmenting the market growth.