New report highlights 'booming' transgender surgery industry that is raking in billions: 'Damage being done'

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FIRST ON FOX: A new report from a conservative think tank is shedding light on the size of the "booming" transgender surgery industry today that has swelled into the billions of dollars and continues to grow and raises a variety of concerns.

The new report American Principles Project (APP) shows that the transgender "medicine" industry has exploded into a massive system where total revenues for transgender drugs and surgeries in 2023 were estimated to surpass $4.4 billion. That number, according to the study, could exceed $7.8 billion by 2030.

"My organization, American Principles Project, has been concerned about the entire transgender agenda as it pertains to children for quite some time now,"APP President Terry Schilling told Fox News Digital.

"We know that there are obvious physical and psychological consequences to it, but we wanted to figure out why the industry was growing so much, why such a small population was getting so much attention and media, you know, favorable attention in our cultural arena, and we figured out very quickly that there's a lot of money here."

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The report outlines how lifelong use of cross-sex hormones could cost up to $300,000 with surgical transitions costing $150,000. Additionally, the potentially damaging side effects from transition surgery