The orchiectomy market which was USD 263.30 million in 2021, would rocket up to USD 528.89 million by 2029, and is expected to undergo a CAGR of 9.11% during the forecast period 2022 to 2029.
Drivers
Increase in sex reassignment surgeries
An important driving force will be the increase in sex reassignment surgeries performed all around the world. The expanding patient base with a tendency for changing sex from male to female as well as female to male might be responsible for the market expansion.
Rise in public awareness
The market for sex reassignment surgery will develop faster as public awareness of transgender issues rises. For instance, the College of Social Science at Michigan State University conducted study on the customs of the transgender population.
Rise in gender reassignment procedures
The key elements supporting the expansion of the sex reassignment surgery sector are the rising awareness of transgender issues and the accessibility and availability of gender reassignment surgical centres.
Growing favourable government policies
The main variables influencing industry demand is favourable government legislation related to gender change surgery. For instance, the U.S. government's Affordable Care Act policy offers insurance to transgender and gender non-conforming people.
Opportunities
One of the key factors driving the global market growth for sex reassignment procedures is the rising number of sex change surgeries. The number of patients ready to alter their sex from female to male or vice versa has nearly quadrupled during the past ten years. A defining aspect, particularly in wealthy nations, is the government's promising policy regarding gender change surgery.
Market Definition
A technique known as "sex reassignment surgery" involves changing a person's gender, sexual orientation, and physical traits. Patients with gender dysphoria may have sex reassignment surgery. People with gender dysphoria typically experience depression and anxiety as a result of not being accepted by society and having a gender they do not identify with.
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The orchiectomy market is segmented on the basis of gender transition. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Gender Transition
Male to Female
Facial
Breast
Genitals
Phallectomy
Orchiectomy
Vaginoplasty
Female to Male
Facial
Chest
Genitals
Hysterectomy
Phalloplasty
The orchiectomy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to orchiectomy market.
Some of the major players operating in the orchiectomy market are:
Phuket.Net (Thailand)
Rumer cosmetics (U.S.)
Bupa (U.K.)
Mount Sinai Centre for Transgender Medicine and Surgery (CTMS) (U.S.)
Sava Perovic Foundation (U.S.)
Transgender Surgery Institute (U.S.)
Chatata Plastic Surgery Centre (Thailand)
Yeon Voice Centre (South Korea)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Dynamics
Ø Chapter Three: Market Definition
Ø Chapter Four: Market Scope
Ø Chapter five: Market Share Analysis
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