According to the latest report by IMARC Group, “Global Surrogacy Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global surrogacy market reached a value of US$ 161.83 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 240.56 Million by 2027, exhibiting a CAGR of 6.62% during 2022-2027.
Surrogacy represents an arrangement wherein a surrogate agrees to carry and then give birth to a child for another person. It provides parenthood to individuals, including members of the LGBT community and people struggling with infertility, thereby enabling one or both the parents to maintain a biological relationship with the child. Presently, owing to the growing cases of infertility, on account of the reduced sperm counts or problems in egg or sperm production, there is a rising demand for surrogacy across countries.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Surrogacy Market Trends and Drivers:
The elevating technological advancements in assisted reproductive technologies, coupled with the growing awareness among individuals towards infertility treatments, such as sperm or egg donation and in-vitro fertilization (IVF), are primarily driving the surrogacy market.
Moreover, there is an increase in the prevalence of polycystic ovarian syndrome (PCOS) in women, on account of stress, hormonal imbalances, reduced physical activity, smoking, alcoholism, and the escalating consumption of calorie-rich foods. This is also augmenting the global market.
In addition to this, the inflating popularity of gestational surrogacy among surrogacy professionals, as it is less complicated when compared to traditional surrogacy, is acting as another significant growth-inducing factor. Furthermore, the emerging trend of fertility tourism and the widespread availability of cost-effective fertility clinics are anticipated to fuel the surrogacy market in the coming years.
Global Surrogacy Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
Bourn Hall Clinic, CARE Fertility, Circle Surrogacy & Egg Donation, Extraordinary Conceptions, Growing Generations LLC, Houston Fertility Center, IVIRMA Global, Max Healthcare, New Hope Fertility Center, Nova IVF, Ovation Fertility and Scanfert Clinic.
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The report has segmented the market on the basis of region, type, technology and service provider.
Breakup by Type:
• Gestational Surrogacy
• Traditional Surrogacy
Breakup by Technology:
• IVF with ICSI
• IVF without ICSI
• Intrauterine Insemination
Breakup by Service Provider:
• Hospitals
• Fertility Clinics
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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