Global Surrogacy Market Size To Exceed USD 99.75 Billion By 2033 | CAGR of 20.90%
Category: HealthcareGlobal Surrogacy Market Size To Exceed USD 99.75 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Surrogacy Market Size is to grow from USD 14.95 Billion in 2023 to USD 99.75 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 20.90% during the projected period.
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Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Surrogacy Market Size, Share, and COVID-19 Impact Analysis, By Type (Gestational, and Traditional Surrogacy), By Technology (Intrauterine insemination (IUI), In-vitro fertilization (IVF)), By Age Group (Below 35 years, 35-37 years, 38-39 years, 40-42 years, 43-44 years, and Over 44 years), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/surrogacy-market
Surrogacy is the method of assisted reproductive technology where a woman carries the pregnancy for another couple. An embryo is created in the laboratory and transferred to the surrogate’s uterus. This method of childbirth has made motherhood possible for those women with uterine anomalies, serious medical problems preventing pregnancies, other contraindications, or without a uterus. There are two forms of surrogacy viz. traditional and gestational surrogacy. The surrogate mother is both a birth as well a genetic mother in the case of the traditional surrogacy method while the surrogate is a birth mother but a genetic mother to the child in the case of gestational surrogacy. The gestational carrier and the intended parent(s) must be granted rigorous safeguards and protections. The accessibility, affordability, and ethical issues surrounding surrogacy arrangements are greatly impacted by this legal environment. Preeclampsia and eclampsia, urinary tract infections, stress incontinence, and gestational diabetes are some of the risk factors associated with surrogacy. As per study by Foster in 1987, emotional trauma may be faced by the surrogate mother after the child relinquishes. The emotional trauma decreases and dissipates with time shortly. The rising trend of single-parent households and adoption of surrogacy surged the market demand for surrogacy for having a child, especially in developing countries. In addition, the development of reliable surrogacy services has further propelled the market growth. On the contrary. Legal restrictions of commercial surrogacy practices, high cost, limited availability of surrogates, and lack of surrogacy insurance policies restrain the market growth of surrogacy.
The gestational segment dominates the market with the largest revenue share through the forecast period.
Based on type, the global surrogacy market is segmented into gestational, and traditional surrogacy. Among these, the gestational segment dominates the market with the largest revenue share through the forecast period. The surrogate has no biological link to the baby in gestational surrogacy. The growing adoption, large patient base, and scientific developments are driving the surrogacy market in the gestational segment.
The in-vitro fertilization (IVF) segment is witnessing significant CAGR growth through the forecast period.
Based on the technology, the global surrogacy market is segmented into intrauterine insemination (IUI), and in-vitro fertilization (IVF). Among these, the in-vitro fertilization (IVF) segment is witnessing significant growth through the forecast period. In-vitro fertilization (IVF) is a more effective surrogacy with a higher success rate. The rising number of infertility cases, and the adoption of the surrogation method propelling the surrogacy market.
The 38-39 segment is witnessing significant CAGR growth through the forecast period.
Based on the age group, the global surrogacy market is segmented into below 35 years, 35-37 years, 38-39 years, 40-42 years, 43-44 years, and over 44 years. Among these, the 38-39 years segment is witnessing significant growth through the forecast period. The increasing number of fertility problems in women opt for surrogacy. Other complications related to health in the 30s are likely to surge demand for surrogacy among women aged 38-39 years.
North America dominates the market with the largest market share over the forecast period.
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North America dominates the market with the largest market share over the forecast period. The growing number of surrogacy clinics in the region is augmenting market growth. The rising number of same-sex marriages is also responsible for driving the market in countries like the US in North America. Mexico has relatively inexpensive medical services in the region thus considered to be an attractive surrogacy destination.
Europe region is expected to grow the fastest during the forecast period. The growing number of infertility cases and rising rate of gamete donations surged the market demand for surrogacy in Europe. Further, growing awareness and availability of fertility treatments are responsible for surrogacy market growth. About 25 million people in Europe are affected by infertility According to the European Society of Human Reproduction and Embryology. Thus, rising infertility cases among couples will fuel the market growth in the region.
Major vendors in the global surrogacy market are Clinic Scanfert, New Hope Fertility Center, Care Fertility Group, Bourn Hall Fertility Clinic, Ovation Fertility, IVI RMA Global, Extraordinary Conceptions, Nova IVI Fertility, AVA Clinic Scanfert, Associates Reproductive Medicine & Infertility, and Other Key Players.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In January 2021, Canadian investors Triangle Healthcare Partners and Bulldog Capital Partners partnered in an investment in Bourn Hall, a Cambridge, UK-based owner and operator of a network of fertility clinics.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global surrogacy market based on the below-mentioned segments:
Global Surrogacy Market, Type Analysis
- Gestational Surrogacy
- Traditional Surrogacy
Global Surrogacy Market, Technology Analysis
- Intrauterine insemination (IUI)
- In-vitro fertilization (IVF)
Global Surrogacy Market, Age Group Analysis
- Below 35 years
- 35-37 years
- 38-39 years
- 40-42 years
- 43-44 years
- Over 44 years
Global Surrogacy Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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