Surrogacy Market Size, Industry Share, Analysis, Report and Forecast 2022-27
The global Surrogacy market size reached 161.83 million US$ in 2021. By 2027, it will reach a value of 240.56 million US$, growing at a CAGR of 6.62% (2022 -2027).
SHERIDAN, WYOMING, USA, Sept. 18, 2022 /EINPresswire.com/ — The latest research study “Surrogacy Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027 by IMARC Group, concludes that the Global Surrogacy Market reached a value of US$161.83 million in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$240.56 million by 2027, growing at a CAGR of 6.62% in 2022-2027.
Surrogacy is a method by which a surrogate mother carries and gives birth to a child on behalf of another person or couple. It is backed by a legal agreement and offers parenthood to individuals, members of the LGBT community, and those with infertility or other medical issues. It allows one or both parents to maintain a biological relationship with the child. As cases of infertility due to problems with egg or sperm production or reduced sperm count are increasing, surrogacy is gaining popularity all over the world.
Impact of COVID-19 on the market: (positive impact)
As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as industry consumer behaviors around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
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Global Surrogacy Market Trends and Drivers:
The global surrogacy market is primarily driven by the growing awareness of infertility treatments, such as sperm or egg donation and in vitro fertilization (IVF). Moreover, numerous technological advancements in assisted reproductive technologies have catalyzed the growth of the market. Additionally, there is an increased prevalence of polycystic ovary syndrome (PCOS) in women due to stress, hormonal imbalance, decreased physical activity and lifestyle changes, such as smoking, alcohol consumption and increased consumption of high calorie foods.
In this light, the growing number of fertility clinics is positively influencing the growth of the market. Also, the increasing use of gestational surrogacy by surrogacy professionals, as it is less complicated than traditional surrogacy, is another major growth factor. Other factors including increase in fertility tourism, rising inability to conceive, easy availability of affordable surrogacy and favorable reimbursement policies are also expected to further boost the market.
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2022-2027 Global Surrogacy Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Some of these major 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.
The report has segmented the market based on region, type, technology, and service provider.
Breakdown by type:
• Gestational Surrogacy
• Traditional surrogacy
Breakdown by technology:
• IVF with ICSI
• IVF without ICSI
• Intrauterine insemination
Breakdown by service provider:
• Fertility clinics
Breakdown 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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Main 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
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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