The global surrogacy market generated $112.80 million in 2015 and is projected to reach $201.40 million by 2025, growing at a CAGR of 6.1% from 2016 to 2025. The global surrogacy market is expected to witness a substantial growth in the future, owing to high incidences of infertility cases, emerging trend of delayed pregnancies among women, rise in technological advancements in fertility procedures, and increase in rate of gamete donations. Furthermore, rise in health awareness on fertility issues, availability of fertility treatments, increase in disposable income, and favorable reimbursement policies further augment the market growth. The global surrogacy market is segmented on the basis of type, technology, end user, and region. By type, it is divided into gestational surrogacy and traditional surrogacy. By technology, it is segmented into IVF with intracytoplasmic sperm injection (ICSI), IVF without ICSI, and intrauterine insemination (IUI). Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Surrogacy is a method of assisted reproduction in which the intended parents work with a surrogate who carries the baby until birth. There are two types of assisted reproductive procedures that are used for surrogacy, namely, traditional and gestational. Traditional technology involves utilization of surrogate;s eggs, making her biological mother of the baby. While in gestational, the surrogate does not have any type of biological link with the baby.
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In case of altruistic surrogacy, a surrogate does not receive any monetary compensation as majority of these agreements involve close relatives of the intended parents. The industry comprises both altruistic as well as commercial practice. In addition, commercial practice is restricted in majority of countries across the world.
The case of Baby M; in 1986 led to firmer surrogacy laws that led to adoption of gestational practice by several surrogacy professionals to avoid legal entanglements. However, these regulations did not have significant effect on the tindustry growth as the demand persisted to be constant. Technological advancements in assisted reproductive techniques, coupled with soaring cases of infertility is expected to drive the market growth during the forecast period. Moreover, rise in new fertility & surrogacy clinics and increase in same-sex marriages are projected to offer lucrative growth opportunities in for the market in the future. In addition, rise in fertility tourism is expected to provide ample growth opportunities, especially in developing economies. However, high cost related to the procedure along with stringent regulations pertaining to surrogacy in several countries are expected to restrict the growth of market.
It also discusses the segmentation analysis based on product type and application that is presented in the report. The major studies, market growth rate, competitive environment, market drivers, trends, concerns, and macroscopic indicators, are all summarized. The report studies the SWOT analysis of each player profiled in this section, their products, production, value, capacity, and other crucial criteria.
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
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Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the surrogacy market, and the current trends and future estimations to elucidate the imminent investment pockets.
– It presents a quantitative analysis of the market from 2015 to 2025 to enable stakeholders to capitalize on the prevailing market opportunities.
– Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
– Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
LIST OF KEY PLAYERS PROFILED IN THE REPORT
– 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
KEY MARKET SEGMENTS
By type
– Gestational surrogacy
– Traditional surrogacy
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By Technology
– IVF with ICSI
– IUI
– IVF without ICSI
By Region
North America
– U.S.
– Canada
– Mexico
Europe
– Germany
– UK
– France
– Italy
– Spain
– Rest of Europe
Asia-Pacific
– Japan
– China
– India
– Australia
– Rest of Asia-Pacific
LAMEA
– Brazil
– Saudi Arabia
– South Africa
– Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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