Neovaginal Surgery Market Size Is Estimated To Reach $1.4 Billion By 2027

The global neovaginal surgery market size is expected to reach USD 1.4 billion by 2027 registering a CAGR of 3.63%, according to a new report by Grand View Research, Inc. Supportive insurance and government reimbursement policies for the surgery and social acceptance of transgender individuals are the key factors driving the global market. Researchers focus on designing new alternatives for a skin graft for use in neovaginal construction as innovations enable performing the treatment faster and at a lesser cost than conventional surgery methods.

In April 2017, the Federal University of Ceara (UFC), Brazil, performed an unprecedented procedure, neovaginoplasty, on a 23-year-old woman suffering from MRKH syndrome (vaginal agenesis). The revolutionary surgery method included the use of the skin of tilapia fish for creating a new vaginal canal. Sex Reassignment Surgery (SRS) is expected to be the fastest-growing treatment segment from 2020 to 2027 due to the increasing demand for these surgeries.

For instance, according to the International Medical Tourism Center, around 70% of SRS conducted in Spain are Male-to-Female (MtF) surgeries. Increasing awareness and availability of surgeries, such as neovaginal reconstruction, have led to major workplace-related changes and the provision of insurance coverage for same-sex individuals. In 2016, IBM announced health insurance for same-sex partners including SRS. Thus, various employers offering medical insurance for neovaginal reconstruction surgeries, such as SRS, is expected to boost the market growth.

Full Research Report On Neovaginal Surgery Market Visit Here: https://www.grandviewresearch.com/industry-analysis/neovaginal-surgery-market

Neovaginal Surgery Market Report Highlights

• Major companies have adopted innovative marketing strategies and have entered into long-term agreements with Group Purchasing Organizations (GPOs) for business expansion
• Europe held the largest product revenue share in 2019 owing to increased social awareness and acceptance of gender reassignment in the region
• The number of surgical procedures and techniques is rapidly increasing, thereby driving the demand for products including vaginal stents, dilators, and laparoscopic neovaginal surgery kits
• Asia Pacific is projected to be the fastest-growing regional market during the forecast period

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Neovaginal Surgery Market Segmentation

Grand View Research has segmented the global neovaginal surgery market on the basis of treatment type, product, and region:

Neovaginal Surgery Treatment Type Outlook (Revenue, USD Million, 2016 - 2027)

• Vaginal Agenesis Treatment
• Vaginal Atresia Treatment
• McIndoe Technique
• Vecchietti Technique
• Sex Reassignment Surgery

Neovaginal Surgery Product Outlook (Revenue, USD Million, 2016 - 2027)

• Vaginal Dilators
• Vaginal Stents
• Laparoscopic Neovaginal Surgeries Kits

Neovaginal Surgery Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Asia Pacific
• Japan
• China
• India
• Thailand
• Indonesia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• South Africa

List of Key Players of Neovaginal Surgery Market

• Vuvatech
• Owen Mumford Ltd.
• KESSEL medintim GmbH
• Phuket Plastic Surgery Institute (PPSI)
• Chettawut Plastic Surgery Center
• González-Fontana
• Icahn School of Medicine at Mount Sinai

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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