Neovaginal Surgery Market Size To Reach $1.67 Billion By 2030

Neovaginal Surgery Market Growth & Trends

The global neovaginal surgery market size is expected to reach USD 1.67 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 5.04% from 2024 to 2030. The primary drivers of the market are insurance and government reimbursement policies that offer support for these surgeries, and the increasing social acceptance of transgender individuals. Researchers are concentrating on creating innovative alternatives to traditional skin grafts for neovaginal construction. These innovations enable the procedure to be performed more efficiently and at a lower cost than conventional surgical methods.

Certain individuals choose Sex Reassignment Surgery (SRS) to bring their physical characteristics in line with their gender identity. As per the 2021 annual report from the Mount Sinai Center for Transgender Medicine and Surgery, approximately 41.7% of individuals within the transfeminine population between the ages of 25 and 34, and 25.8% within the age group of 15 to 24, have undergone Sex Reassignment Surgery (SRS). The Mount Sinai Hospital carried out approximately 861 SRS, with 639 specifically geared toward feminization. Individuals within the transmasculine population between the ages of 25 and 34 are more inclined to undergo gender-affirming surgeries, constituting approximately 41% of all the transfeminine surgeries performed.

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Neovaginal Surgery Market Report Highlights

• The market is projected to witness significant growth, owing to the high number of Male-to-Female surgeries and the availability of insurance policies. Moreover, medical practitioners are creating innovative neovaginal surgery techniques to reduce surgery time

• Based on the treatment type, the sex reassignment surgery segment dominated the market in 2023 owing to the increasing demand for Male-to-Female (MtF) procedures

• Asia Pacific dominated the market in 2023 due to the increasing awareness regarding the availability of neovaginal surgeries. Few destinations witnessed an increased influx of foreign patients due to factors such as the availability of treatments at low-cost

Neovaginal Surgery Market Segmentation

Grand View Research has segmented the global neovaginal surgery market based on treatment type and region:

Neovaginal Surgery Treatment Type Outlook (Revenue, USD Million, 2018 - 2030)

• Vaginal Agenesis Treatment Surgery

• Vaginal Atresia Treatment Surgery

• McIndoe Technique

• Vecchietti Technique

• Sex Reassignment Surgery

Neovaginal Surgery Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Sweden

  • Norway

  • Denmark

• Asia Pacific

  • Japan

  • China

  • India

  • Thailand

  • Indonesia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Neovaginal Surgery Market

• London Transgender Clinic

• Phuket Plastic Surgery Institute (Bangkok Hospital Siriroj)

• Icahn School of Medicine at Mount Sinai

• Cedars-Sinai

• Nationwide Children’s Hospital

• Ann & Robert H. Lurie Children's Hospital of Chicago (Lurie Children’s)

• CHETTAWUT PLASTIC SURGERY CENTER

• Tips viz. Tricity Institute of Plastic Surgery

• González-Fontana