Gender reassignment services could become a 5-billion-dollar industry by 2030, a report suggests.

The industry around gender reassignment operations is expected to reach 5 billion dollars by the end of the decade. The sector was worth 1.9 billion dollars last year and is projected to grow at an annual rate of more than 11 per cent through 2030 due to the increasing prevalence of gender dysphoria and the growing number of people opting for gender confirmation surgery, a recent report by Grand View Research pointed out.

Demand for gender confirmation surgeries will accelerate in the coming years as hospitals restart non-emergency services after the pandemic and many patients can receive consultations online, similar to the care they received during the outbreak, which is also expected to drive market growth in the coming years, the findings continue. While insurance companies such as Aetna and Unicare cover some parts of gender reassignment surgery, including genital removal, government subsidies will be the real stimulus to the market, Grand View Research says.

Daily Wire anchor Matt Walsh recently obtained footage of a doctor talking about how such surgeries bring in so much money for hospitals. Thoracic reconstruction surgery, which can be performed on minors, can fetch 40 000 dollars, and female-to-male genital surgery can fetch 100 000 dollars. Another doctor called religious objections problematic and said that health professionals who refuse to perform such operations should face consequences.

Studies suggest that 90 per cent of people identifying as transgender but not encouraged to either a social or a medical gender swap do not call themselves transgender as adults and do not want to change their genders. Project Veritas has recently published a video in which medical professionals associated with the World Professional Association of Transgender Health talk about the fact that many young people who choose gender-affirming surgeries later regret their decision.

Dr. Daniel Metzger, a paediatric endocrinologist at the British Columbia Children’s Hospital, also expressed his concerns in this regard.

Metzger explained that during a meeting of the Pediatric Endocrinology Society meeting, Dutch researchers presented data about young adults who have transitioned and have reproductive regret, as they were castrated during the gender reassignment surgery and are unable to have children.

“It’s always a good theory to talk about fertility preservation with a 14-year-old but I know I’m talking to a blank wall,” Metzger continued. He highlighted the fact that most teens don’t think about those risks, and those who wish to go ahead with surgery anyways simply say “I’ll adopt,” without considering the costs and other limitations associated with that process.

Metzger lamented that many who opt for surgery as teens wish they hadn’t later in life.

“I think now that I follow a lot of kids into their mid-twenties,” he explained, “I’m always like ‘Oh … the dog isn’t doing it for you, right?’ and they’re like, ‘No I just found this wonderful partner and now we want to have kids’.” It, however, is too late at that time, Dr Metzger added.