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U.S. Sex Reassignment Hormone Therapy Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Market Report I 2024-08-16 I 100 Pages I Global Market Insights
The U.S. Sex Reassignment Hormone Therapy market was valued at USD 1.6 billion in 2023 and is projected to grow at 5.3% CAGR from 2024 to 2032. This growth is largely attributed to the rising acceptance of transgender individuals, technological advancements in medicine, and shifting social norms Hormone therapy plays a pivotal role in gender transition, administering estrogen or testosterone to align physical traits with gender identity. The surge in demand for these therapies can be linked to heightened awareness and the increasing visibility of transgender issues in mainstream media.
Awareness and acceptance of sex reassignment treatments have become crucial drivers for the market's recent growth. This shift is largely due to the heightened visibility of transgender individuals in media, politics, and public discussions, which has clarified the significance of gender-affirming care. Figures like Laverne Cox and Caitlyn Jenner have spotlighted transgender issues, fostering open dialogues about the community's medical needs. This visibility has deepened the understanding of sex reassignment treatments, boosting the demand for hormone therapy. A 2023 survey by the American Society of Plastic Surgeons highlighted this progress, revealing that 56% of transgender patients found it easier to access hormone therapy.
The U.S. sex reassignment hormone therapy industry is classified based on gender transition, type, distribution channel and region.
The market is divided by gender transition into male-to-female (MTF) and female-to-male (FTM) segments. In 2023, the MTF segment led the market, generating approximately USD 914.8 million in revenue. A notable trend is the rising demand for estrogen therapy, vital for the MTF transition. This therapy aids in feminizing traits, such as breast development and reduced body hair, ensuring the individual's appearance aligns with their gender identity. The growing acceptance of diverse gender identities has significantly fueled the demand for MTF hormone therapy.
Segmented by distribution channel, the U.S. sex reassignment hormone therapy market includes hospital pharmacies, retail pharmacies, and online platforms. In 2023, hospital pharmacies segment led the market with revenues of USD 671.1 million and are expected to see rapid growth. Hospital pharmacies are the preferred choice for dispensing estrogen hormone therapy, offering specialized care essential for individuals undergoing MTF transitions. This preference is bolstered by a growing focus on integrated healthcare, where patients not only receive hormone therapy but also related services like regular monitoring, counseling, and access to specialists familiar with gender-affirming care.
The East South Central USA sex reassignment hormone therapy market generated USD 417.4 million in revenue in 2023 and is set for significant growth through 2032. Key drivers include the rising acceptance of transgender individuals and enhanced access to gender-affirming healthcare. Despite a historically conservative backdrop, advocacy efforts and national discussions on transgender rights have catalyzed a shift towards inclusivity. Consequently, states like Alabama, Kentucky, Mississippi, and Tennessee are witnessing an uptick in individuals seeking hormone therapy for their gender transitions.
Report Content
Chapter 1 Methodology and Scope
1.1 Market scope and definitions
1.2 Research design
1.2.1 Research approach
1.2.2 Data collection methods
1.3 Base estimates and calculations
1.3.1 Base year calculation
1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
1.5.1 Primary sources
1.5.2 Data mining sources
Chapter 2 Executive Summary
2.1 Industry 360synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Increasing awareness and acceptance about sex reassignment treatments
3.2.1.2 Rise in availability of novel hormonal therapies with better efficacy
3.2.1.3 Rising number of gender-affirming surgeries
3.2.2 Industry pitfalls and challenges
3.2.2.1 Ambiguous regulatory scenario for sex reassignment drugs
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Reimbursement scenario
3.6 LGBT scenario
3.7 Technology landscape
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Future market trends
3.11 Gap analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company matrix analysis
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategy dashboard
Chapter 5 Market Estimates and Forecast, By Gender Transition, 2021 - 2032 ($ Mn)
5.1 Key trends
5.2 Male-To-Female (MTF)
5.3 Female-To-Male (FTM)
Chapter 6 Market Estimates and Forecast, By Type, 2021 - 2032 ($ Mn)
6.1 Key trends
6.2 Estrogen
6.3 Testosterone
6.4 Puberty blockers
Chapter 7 Market Estimates and Forecast, By Distribution Channel, 2021 - 2032 ($ Mn)
7.1 Key trends
7.2 Hospital pharmacies
7.3 Retail pharmacies
7.4 Online pharmacies
Chapter 8 Market Estimates and Forecast, By Zone, 2021 - 2032 ($ Mn)
8.1 Key trends
8.2 East North Central
8.3 West South Central
8.4 South Atlantic
8.5 North East
8.6 East South Central
8.7 West North Central
8.8 Pacific Central
8.9 Mountain States
Chapter 9 Company Profiles
9.1 ASCEND Therapeutics US, LLC
9.2 BIOTE MEDICAL, LLC
9.3 Eli Lilly and Company
9.4 Endo International plc
9.5 Novartis AG
9.6 Noven Pharmaceuticals, Inc.
9.7 Novo Nordisk A/S
9.8 Pfizer Inc.
9.9 Teva Pharmaceutical Industries Ltd.
9.10 Viatris Inc.
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