Surrogacy market size was valued at USD 4 billion in 2020 and is projected to expand at a CAGR of 32.6% between 2021 and 2028. Surrogacy is a method of assisted reproduction in which the intended parents work with a surrogate lady who carries the baby until birth.
There are 2 styles of motor-assisted surrogacy procedures, namely, traditional technology ands gestational technology. Traditional technology includes the use of surrogate’s eggs, creating her biological mother whereas in gestational technology the surrogate does not have any style of biological link with the baby.
Market Trends, Drives, Restraints, Opportunities
- Technological advancements in power-assisted generative technologies, rising awareness related to gestational state treatment, and growth within the range of fertility clinics are expected to drive the market.
- Rising fertility clinics along with growth in awareness regarding fertility treatments like sperm/egg donation and in-vitro fertilization is surging the adoption of fertility treatments, thereby propelling the market.
- Increasing prevalence of polycystic gonad syndrome in girls results in issues in conceiving youngsters, leading to escalated demand for surrogate mothers, thus driving the market.
- High price of the procedure is anticipated to hamper the market growth.
- COVID-19 pandemic hampered the general range of surrogacies throughout the world due to restrictions on non-emergency procedures.
Scope of Surrogacy Market Report
The report on the Surrogacy Market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report title
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Surrogacy Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historical Data
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2018 & 2019
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Forecast period
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2021–2028
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Segmentation
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Type (Traditional Surrogacy and Gestational Surrogacy), Technology (In-vitro Fertilization {IVF} [Classical/Standard IVF, Intrauterine Insemination {IUI}, Intracytoplasmic Sperm Injection (ICSI)])
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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New Hope Fertility Center; IVI RMA Global; Clinic Scanfert; Bourn Hall Fertility Clinic; NOVA IVI Fertility; Houston Fertility Center; Ovation Fertility; Extraordinary Conceptions; Care Fertility Group; Growing Generations LLC.
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Surrogacy Market Segment Insights
The gestational surrogacy segment is projected to hold significant market share
In terms of types, the surrogacy market is segmented into gestational surrogacy and traditional surrogacy. The gestational surrogacy segment dominated the market in 2020, and is anticipated to continue this trend during the forecast period, as a result of high adoption of gestational technique by surrogacy professionals in conjunction with technological advancements.
Moreover, high adoption of physiological state technique by surrogacy professionals in conjunction with technological advancements is predicted to drive the phase growth. Moreover, emotional and legal complexities related to ancient surrogacy propels the adoption of physiological state surrogacy.
The IVF (with ICSI) segment is anticipated to account for substantial share
Based on technology, the surrogacy market is segmented into IVF (with ICSI), IVF (without ICSI) and IUI. The IVF (with ICSI) segment accounted for the most important market share in 2020. This phase is predicted to exhibit an outstanding rate of growth, attributed to the very fact that it revolutionized male sterility treatment, because it needs a smaller variety of gamete that are penetrated into the egg with the assistance of injection technique.
Asia-Pacific is expected to dominate the market
Based on region, the surrogacy market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market. Surrogacy in countries like India is at low costs compared to the developed countries like the U.S. and Canada. Therefore, driving the surrogacy market in the region. Due to the surge in the adoption of physiological state surrogacy, fertility sorts, and rise in fertility tourism, there is growth in the surrogacy market.
On the other hand, poor technological reach and cultural barriers of surrogacy, particularly IVF sorts within the less developed countries of Asia-Pacific limit the market growth.
Segments
Type
- Traditional surrogacy
- Gestational surrogacy
Technology
- IVF without ICSI
- IVF with ICSI
- Intrauterine Insemination
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- New Hope Fertility Center
- IVI RMA Global
- Clinic Scanfert
- Bourn Hall Fertility Clinic
- NOVA IVI Fertility
- Houston Fertility Center
- Ovation Fertility
- Extraordinary Conceptions
- Care Fertility Group
- Growing Generations LLC
Competitive Landscape
The key players operating in the global surrogacy market include New Hope Fertility Center, IVI RMA Global, Clinic Scanfert, Bourn Hall Fertility Clinic, NOVA IVI Fertility, Houston Fertility Center, Ovation Fertility, Extraordinary Conceptions, Care Fertility Group, Growing Generations LLC.
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