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Neovaginal Surgery Market 2022: Industry Analysis, Opportunities, Technology, Demand, Top Players and Growth Forecast 2030

The neovaginal surgery market size is expected to reach USD 1.33 billion by 2028 according to a new study by Report Ocean. Report Ocean presents a new report on neovaginal surgery market size, share, growth, industry trends, and forecast 2028, covering various industry elements and growth trends helpful for predicting the market’s future.

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The report “Neovaginal Surgery Market – By Product; By Treatment Type (Vaginal Agenesis Treatment, Vaginal Atresia Treatment [McIndoe, and Vecchietti Technique], and Sex Reassignment Surgery); By Regions; Segment Forecast – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

In 2020, the sex reassignment surgeries market segment accounted for the majority of the share, and likely to register a moderate growth rate over the study period. Such a high share is mainly attributed to sex-change surgeries and social acceptance of same-sex marriages in the world.

Several market factors such as positive reimbursement scenarios and increasing demand are the pivotal factors contributing to the market segment’s growth. However, Medicare does not include sex change and other cosmetic surgeries, but few insurance firms in the developed countries are including sex reassignment surgeries in their healthcare coverage plans.

COVID-19 Impact

The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the neovaginal surgery market also experienced a slowdown. Statista estimates that the neovaginal surgery market total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the neovaginal surgery market generated revenues of US$ 5.4 trillion at a record high.

The degree of competition among prominent global companies has been developed by analyzing several leading competitors operating globally. In addition, specialist analysts examine various aspects of the neovaginal surgery market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.

For instance, the Health Insurance Fund (HIF) of Australia, a non-profit organization includes coverage for sex-change surgeries, including neo-vaginal reconstruction. Vaginal agenesis is a rare birth defect with an incidence of 1 in 5,000 women. Several surgical methods, such as Davydov and sigmoid vaginoplasty are usually adopted for new vagina reconstruction in women suffering from agenesis. Sigmoid vaginoplasty is most efficient in low resource settings.

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Asia Pacific neovaginal surgery demand is expected to witness a lucrative growth rate over the assessment period, owing to rising social acceptance, awareness among individuals about sex reassignment surgeries, and rising disposable income of women in countries like India and China.

Moreover, several countries are regulating such practices, however, legal protection will play an important in maintaining demand for such sex-change surgeries driving neovaginal surgery industry growth. In addition, growing awareness among the populace is likely to have a positive impact on the neovaginal surgery industry.

Major Players:

Companies operating in the neovaginal surgery industry include Chettawut Plastic Surgery Center, Vuvatech, Phuket Plastic Surgery Institute (PPSI), González-Fontana, Owen Mumford Ltd., KESSEL Medintim GmbH, and Icahn School of Medicine at Mount Sinai. The market companies in the neovaginal surgery industry are adopting several strategies such mergers & acquisitions, joint venture to gain market share.

Neovaginal Surgery, Product Outlook (Revenue – USD Million, 2016 – 2028)

Laparoscopic Neovaginal Surgeries Kits

Vaginal Dilators

Vaginal Stents

Neovaginal Surgery, Treatment Type Outlook (Revenue – USD Million, 2016 – 2028)

Sex Reassignment Surgery

Vaginal Agenesis Treatment

Vaginal Atresia Treatment

McIndoe Technique

Vecchietti Technique

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Neovaginal Surgery, by Regional Outlook (Revenue – USD Million, 2016 – 2028)

North America

U.S.

Canada

Europe

France

Germany

UK

Italy

Spain

Netherlands

Austria

Asia Pacific

China

India

Japan

Thailand

South Korea

Indonesia

Central & South America

Mexico

Brazil

Argentina

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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