United State-Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year.] presents a research report and top winning strategies for the Neovaginal Surgery. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The Neovaginal Surgery study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the Neovaginal Surgery.
The neovaginal surgery market size is expected to reach USD 1.33 billion by 2030 according to a new study by Report Ocean.
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Major Players: Companies operating in the neovaginal surgery industry include Chettawut Plastic Surgery Center, Vuvatech, Phuket Plastic Surgery Institute (PPSI), Gonzalez-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.
Report Ocean presents a new report on neovaginal surgery market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. 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 – 2030” 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 marketgenerated revenues of US$ 5.4 trillion at a record high.
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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.
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.
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
Key questions answered in the global Neovaginal Surgery market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Neovaginal Surgery market over the forecast period?
- What are the factors driving and restraining the market for Neovaginal Surgery?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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