Global Orchiectomy Market – Industry Trends and Forecast to 2029

Global Orchiectomy Market, By Gender Transition (Male to Female and Female to Male) – Industry Trends and Forecast to 2029

Market Analysis and Size

Sex reassignment surgery is a technique in which an individual's function, physical appearance, and gender are changed based on their current sexual traits. Transsexuals are transgender people who have sex reassignment surgery. Individuals with gender dysphoria typically have sex reassignment surgery. One of the main factors propelling the global market for sex reassignment surgery is the rise in the number of sex change surgeries. Since the previous decade, there has been a nearly fourfold increase in patients who desire to alter their sex from male to female or vice versa.

Data Bridge Market Research analyses that 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. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

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.

Orchiectomy Market Dynamics

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. In the last few years, these patients have virtually multiplied.

• 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. Additionally, during the course of the forecast period, the market will rise due to the availability of more resources and gender reassignment surgical centres.

• 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. The tendency of patients to change their gender as well as the rise in gender reassignment procedures are other factors propelling the market's expansion.

• 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. Additionally, the number of sex change surgeries has increased over the past several years due to the capacity to help transgender people with their mental health. For instance, 200,000–500,000 transgender people are thought to exist in the UK, according to current data from the government equalities office. Consequently, this will lead to an increase in demand for sex reassignment surgeries all over the world, which will promote the expansion of the sector.

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. For instance, the Affordable Care Act (ACA), a supportive government policy, helps stop health insurers from discriminating against the transgender population in favour of the general population of other nations. In addition, more gender reassignment surgeries are projected to be performed in the near future due to increasing support for the transgender population and declining social phobia.

Restraints/Challenges

The exorbitant expense of receiving this treatment is limiting market expansion. In addition, many therapists advocate for children with gender dysphoria to have permanent sex reassignment procedures. Due to the fact that kids aren't old enough to make such important, life-altering decisions, this is turning into a significant legal hurdle for the industry. Children's future mental health may be significantly hampered.

This orchiectomy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the orchiectomy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Orchiectomy Market

COVID-19 had a positive impact on the orchiectomy market. Various non-essential surgeries and treatments including sex reassignment treatment of the gender dysphoria patients were postponed during the COVID-19 pandemic. This had drastically reduced the sex reassignment treatments globally. 

Global Orchiectomy Market Scope

The orchiectomy market is segmented on the basis of gender transition. The growth amongst these segments will help you analyze 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

Orchiectomy Market Regional Analysis/Insights

The orchiectomy market is analysed and market size insights and trends are provided by country, gender transition as referenced above.

The countries covered in the orchiectomy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America region is estimated to contribute a prominent share in the global orchiectomy market. According to the American Society of Plastic Surgeons, around 11,000 sex reassignment treatments were performed in the US in 2019.

The asia-Pacific market is expected to grow considerably during the forecast period due to the legal acceptance of such treatments.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Orchiectomy Market Share Analysis

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.)
• Chettawut Plastic Surgery Centre (Thailand)
• Yeson Voice Centre (South Korea)