Global Surrogacy Market Size By Type (Gestational, Traditional Surrogacy), By Technology (In-Vitro Fertilization, Intrauterine Insemination), By Age Group (Below 35 Years, 35-37 Years), By Geographic Scope And Forecast

Surrogacy Market Size And Forecast

Surrogacy Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2023 to 2030.

Surrogacy is when a woman – we call her the gestational carrier – decides to carry a child. It's a beautiful act, done for someone else or a couple who will become the child's parents. It's all based on a legal agreement. And guess what? The surrogacy market is expected to boom even more than we thought! This is thanks to rising infertility rates, more people being open to surrogacy as a treatment, and all the cool new tech advancements. You can dive deep into all of this in the study on the Global Surrogacy Market. The Global Surrogacy Market report gives you the full picture. It’s got everythingkey segments, what's trending, what's driving the market, what's holding it back, who the big players are, and what's really making a difference in this field.

Global Surrogacy Market Definition

Surrogacy is an assisted reproduction procedure in which the intended parents collaborate with a surrogate who carries the baby until birth. The major reasons for surrogacy include the lack of the uterus, or uterine defects, either hereditary or acquired (e.g., a hysterectomy for an oncological ailment), recurrent in vitro fertilization (IVF) failures, medical problems for which pregnancy is contraindicated (e.g., severe thrombophilia, antiphospholipid syndrome, end-stage renal diseases, or vasculitis), single males, and same-sex person (Machtinger et al., 2017). Traditional and gestational surrogacy are the two types of assisted reproductive procedures utilized in surrogacy.

Using traditional technology, a surrogate’s eggs are used, making her the biological mother of the child. The surrogate, like the gestational carrier, has no biological connection to the baby. Surrogates who participate in altruistic surrogacy do not get any financial compensation, as most of these arrangements involve close relatives of the family members. The industry includes both charitable and commercial activities. Furthermore, most governments throughout the world have restrictions on commercial practices.

Global Surrogacy Market Overview

Okay, here's the dealmore and more people are realizing how common infertility is, and unfortunately, the number of cases is actually going up. Plus, people are waiting longer to have kids these days. Luckily, science is making huge leaps forward in fertility treatments, and more folks are choosing to use egg or sperm donation. All of this is pointing to a big boost in the Global Surrogacy Market. On top of that, we're all getting smarter about fertility, treatments are becoming more accessible, we've got a little more cash to spend, and some insurance plans are even helping out! And let's not forget that conditions like polycystic ovarian syndrome are making it harder for women to get pregnant, so more and more people are looking for surrogate moms, which drives the market even further. However, it's not all sunshine and roses; there are some really strict laws and regulations, and the whole process can be seriously expensive, which definitely slows things down.

The increased likelihood of having several children when using a surrogate is one of the most dangerous aspects of the procedure. It is frequently advised to implant more than one egg at a time during IVF in the hopes that at least one may “stick” and develop into a fetus. Comparatively speaking to pregnancies without IVF, this procedure results in a significantly increased number of multiple births. The growing issues in the Global Surrogacy Market aren’t really about surrogacy in general; rather, they’re about the need for greater regulation of a potentially highly harmful industry.

The American Society of Reproductive Medicine advises that surrogates receive rigorous screening of their mental, physical, and health history and complete counseling before and during the pregnancy about their freedom to make decisions about their bodies, among other topics. Additionally, it is advised that counseling be continued after delivery as a defense against postpartum depression and other mental health problems.

Global Surrogacy Market Segmentation Analysis

The Global Surrogacy Market is Segmented on the Basis of Type, Technology, Age Group, And Geography.

Surrogacy Market, By Type

• Gestational
• Traditional Surrogacy

Based on Type, The market is bifurcated into Gestational and Traditional surrogacy. The Gestational segment is projected to rise the most during to forecasted period due to the presence of a large patient base, growing adoption, and scientific developments.

Surrogacy Market, By Technology

• In-Vitro Fertilization
• Intrauterine Insemination
• Others

Based on Technology, The market is bifurcated into In-Vitro Fertilization, Intrauterine Insemination, and Others. In-Vitro Fertilization is expected to grow at the fastest rate during the forecasted period, owing to an increasing quantity of infertility cases, growing acceptance, and an increasing trend of women having a child at a later stage.

Surrogacy Market, By Age Group

• Below 35 years
• 35-37 years
• 38-39 years
• 40-42 years
• 43-44 years
• Over 44 years

Based on Age Group, The market is bifurcated into Below 35 years, 35-37 years, 38-39 years, 40-42 years, 43-44 years, and Over 44 years. The 38-39 years segment is expected to grow at the fastest rate during the forecasted period, owing to the rising number of women experiencing fertility problems, and difficulty in getting pregnant.

Surrogacy Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, The Global Surrogacy Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Global Cosmetic Implants Market in the Asia Pacific region is expected to increase the most compared to other regions during the projected period due to, cheaper surrogacy rates, the adoption of cloud computing, a rise in the adoption of surrogacy, and the availability of major key players in the region.

Key Players

The “Global Surrogacy Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as New Hope Fertility Center (India), Ovation Fertility (US), IVI RMA Global (Spain), Extraordinary Conceptions (US), Clinic Scanfert (Russia), Care Fertility Group (UK), Bourn Hall Fertility Clinic (UAE), NOVA IVI Fertility (Spain), Houston Fertility Center (US).

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In January 2021, Triangle Capital Corporation announced its acquisition of Bourn Hall Ltd., a British reproductive clinic. The acquisition will help the firm expand its client base and provide growth opportunities.

Report Scope

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