Is the Male Performance Advantage Removed by Testosterone Suppression?
According to a "non" peer reviewed study by Hilton & Lundberg "Transgender Women in The Female Category of Sport: Is the Male Performance Advantage Removed by Testosterone Suppression?" from 2020, transgender women still have greater muscular strength and the biological advantage enjoyed by transgender women is only minimally reduced.
Hilton & Lundberg (2020) Preprint
current evidence shows that the biological advantage enjoyed by transgender women is only minimally reduced when testosterone is suppressed. Sports organizations may therefore be compelled to reassess current policies regarding participation of transgender women in the female category of sport.
Wilk et al. (2020)
This view that changes in transgender women were modest, is also shared by Wilk et al. in their 2020 paper "Muscle Strength, Size, and Composition Following 12 Months of Gender-affirming Treatment in Transgender Individuals", published in The Journal of Clinical Endocrinology & Metabolism.
Wilk et al. (2020)
One year of gender-affirming treatment resulted in robust increases in muscle mass and strength in TM, but modest changes in TW.
Rugby
According to a report in the Guardian newspaper the greater muscular strength of the transgender woman is not only an advantage for the transgender female, but also increases the risk of injury to other female rugby players.
Guardian newspaper
Trans women face potential women’s rugby ban over safety concerns
Joanne Harper
Transgender athlete and Scientist Joanne Harper, speaking to "the Washington post" disagrees however, insisting that the hormone therapy works and that transgender women see a decrease in muscle, bone density, as well as a loss of speed, strength and endurance.
Washington post, Browse now
Hormone therapy for trans women typically involves a testosterone-blocking drug plus an estrogen supplement. As their testosterone levels approach female norms, trans women see a decrease in muscle mass, bone density and the proportion of oxygen-carrying red cells in their blood. The estrogen, meanwhile, boosts fat storage, especially around the hips. Together, these changes lead to a loss of speed, strength and endurance — all key components of athleticism.
Jones et al. (2017)
Jones et al. argue that there is no evidence to suggest that transgender women gain any athletic advantage in their 2017 paper "Sport and Transgender People: A Systematic Review of the Literature Relating to Sport Participation and Competitive Sport Policies", published in Sports medicine (Auckland, N.Z.)
Jones et al. (2017)
Currently, there is no direct or consistent research suggesting transgender female individuals (or male individuals) have an athletic advantage at any stage of their transition (e.g. cross-sex hormones, gender-confirming surgery) and, therefore, competitive sport policies that place restrictions on transgender people need to be considered and potentially revised.
Knox et al. (2019)
In their 2019 paper "Transwomen in elite sport: scientific and ethical considerations", published in the Journal of Medical Ethics, Knox et al. conclude that the testosterone maximum of 10 nmol/L is still significantly higher than that of cis-women and that the advantage gained by transgender women is an intolerable unfairness.
The solution to this they say is to do away with mens and womens athletics and instead recategorize events based upon fairness.
Knox et al. (2019)
The inclusion of elite transwomen athletes in sport is controversial. The recent International Olympic Committee (IOC) (2015) guidelines allow transwomen to compete in the women’s division if (amongst other things) their testosterone is held below 10 nmol/L. This is significantly higher than that of cis-women. Science demonstrates that high testosterone and other male physiology provides a performance advantage in sport suggesting that transwomen retain some of that advantage. To determine whether the advantage is unfair necessitates an ethical analysis of the principles of inclusion and fairness. Particularly important is whether the advantage held by transwomen is a tolerable or intolerable unfairness. We conclude that the advantage to transwomen afforded by the IOC guidelines is an intolerable unfairness. This does not mean transwomen should be excluded from elite sport but that the existing male/female categories in sport should be abandoned in favour of a more nuanced approach satisfying both inclusion and fairness.
Do transgender women athletes have an advantage over cisgender women athletes?
It appears to be a subject that is a matter of great debate with currently no overall consensus being reached, so it really is up to the reader to form their own opinion and solution, based upon the facts.
P.S
I have just been informed that the "non" peer reviewed study has since been reviewed and can be viewed Here