www.grandviewresearch.com/industry-analysis/us-sex-reassignment-surgery-market
'The U.S. sex reassignment surgery market size was valued at USD 1.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.23% from 2022 to 2030. The rising incidences of gender dysphoria and the increasing number of people opting for gender confirmation surgeries are expected to boost the growth during the forecast period. According to a study conducted by Cedars Sinai in June 2020, approximately 78% of transgender males experienced gender dysphoria by the age of 7. The mean age to experience gender dysphoria was less in transgender males, which is about 6.2 years.
Sex reassignment surgery is gaining popularity among the young transgender population in the U.S., as it helps people with gender dysphoria transition to their self-identified gender. According to an article published in the New York Times, around 1.4% & 1.3% of young people aged 13 to 17 and 18 to 24, respectively, are transgender in the U.S., accounting for only 0.5% of total adults.
The increasing number of sex reassignment surgeries in the U.S. is expected to propel the growth of the industry during the forecast period. According to the 2020 Plastic Surgery Statistics by the American Society of Plastic Surgeons (ASPS), a 15% rise in breast or chest surgical procedures was reported in transgender male patients from 2019 to 2020.
The improving reimbursement scenario is also anticipated to positively impact the market growth during the forecast period. Insurance providers such as Aetna and Unicare provide insurance for necessary surgical procedures, such as salpingo-oophorectomy, hysterectomy, orchiectomy, or ovariectomy. In the U.S., around 152,000 transgender individuals are enrolled in Medicaid and only 69,000 among them have access to gender-affirming care coverage under state law.'