To know the impact of COVID-19 On Surrogacy Market Size, Share & Trends Analysis Report By Type (Gestational, Traditional Surrogacy), By Technology (In-Vitro Fertilization (IVF), Intrauterine Insemination (IUI), Others), By Age Group (35 years, 35-37 years, 38-39 years, 40-42 years, 43-44 years, Over 44 years) Based on Region, And Segment Forecasts, 2022 - 2028
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
Global Surrogacy Market was valued at USD 1,042.02 million in 2021 and it is expected to reach USD 1,647.32 million by 2028, with a CAGR of 6.8% during the forecast period.
Global Surrogacy Market: Global Size, Trends, Competitive, Historical & Forecast Analysis to 2021-2027, Growing number of infertility cases, rising number of fertility clinics and increasing prevalence of causative factors such as hormonal changes, alcohol consumption & other leading to infertility issue are some of the major factors anticipated to drive the growth the Global Surrogacy Market.
Scope of Global Surrogacy Market:
Surrogacy is a planned pregnancy by intended parents who can’t be a parent on their own, chooses a surrogate mother to carry their child until birth. Surrogacy is a procedure supported by a legal agreement where the surrogate mother approves to bear a child for another person or persons, who will become the child's parent after birth. The people having complexity of becoming parents or having medical issues utilized surrogacy to start their families when pregnancy is medically not possible when pregnancy risks are too dangerous for the intended mother, or when a single man or a male couple wish to have a kid. There are two types of surrogacy; gestational surrogacy and traditional surrogacy.
In gestational surrogacy arrangement one or more embryos is implanted in a surrogate mother who carries the child but she will not have any genetic relationship with it. While in traditional surrogates typically become pregnant through artificial insemination, and have a genetic connection to the child or children they carry for their intended parents. Surrogacy provides benefits in many ways as infertile couples, single people to become parents. It gives expectant parents the chance to raise a child from birth. Surrogacy provides intended parents the chance to know and form a special bond with their surrogate and her family. The history of surrogacy is since the ancient times. In between 1985–1986 a female accepted the first successful gestational surrogate pregnancy.
COVID-19 pandemic has also impacted the growth of global surrogacy market. The social distancing protocols and complete lockdown affected the surrogacy market. The surrogacy procedure needs a lot of planning; it will take from 3 to 6 months. It involves various facility providers like medical professionals, gestational carriers, donors, surrogate agencies, and authorized professionals.
During COVID-19 pandemic, all services were hampered because of the unexpected and strict lockdown rule. Now, each step of the surrogacy process requires replanning as some additional steps have been included in the process due to the covid-19 protocols and government guidelines so the surrogacy process were slowed down in the pandemic.
Global Surrogacy Market Segmentation:
Global surrogacy market is segmented on the basis of type, technology, age group and regional & country level. Based upon type, the global surrogacy market is classified into gestational and traditional surrogacy. Based upon technology, the market is divided into in-vitro fertilization (IVF), intrauterine insemination (IUI) and others. Based upon age group, the global surrogacy market is segmented into 35 years, 35-37 years, 38-39 years, 40-42 years, 43-44 years and over 44 years.
- Traditional Surrogacy
- In-Vitro Fertilization (IVF)
- Intrauterine Insemination (IUI)
By Age Group:
- 35 years
- 35-37 years
- 38-39 years
- 40-42 years
- 43-44 years
- Over 44 years
The regions covered in global surrogacy market are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global surrogacy is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.
Some of the key players in global surrogacy market are
- IVI RMA Infertility,
- New Hope Fertility Center,
- Bourn Hall Fertility Clinic Houston Fertility Center,
- Ovation Fertility,
- Care Fertility Group,
- Clinic Scanfert,
- NOVA IVI Fertility,
- Extraordinary Conceptions,
- growing generations reviews
News: A Look Across the Pond to Surrogacy Developments in New York
April 9th, 2021; Surrogacy is increasingly becoming a popular option for the creation of families. However, the laws regulating such arrangements in many countries have struggled to keep up with societal changes, science and fertility treatment. New York has recently introduced new surrogacy laws, which legalise commercial gestational surrogacy, provide for pre-birth orders whilst seeking to protect the welfare of surrogates. Prior to the law's enactment, the practice was illegal in New York and gestational surrogacy agreements were not considered legally binding.
2020 - USD 164.2 Million
2027 - USD 260.3 Million
CAGR - 6.8%
Growing Number of Infertility Cases, Rising Number of Fertility Clinics and Increasing Prevalence of Causative Factors such as Hormonal Changes, Alcohol Consumption & Others Leading to Infertility Issue are Some of the Major Factors Driving The Market Growth
One of the major factors driving the growth of global surrogacy market is growing number of infertility cases. Quickly rising number of working ladies in arising economies has moved the childbearing age ahead. PCOD is a hormonal condition that affects 5%–10% of women due to inactive lifestyle and harmful eating behaviour like junk food which resulted in weight gain and PCOD. For instance; as indicated by information distributed by the Center for Disease Control and Prevention (CDC), in April 2020, around 10% of the ladies in the U.S. aged between 15 to 44 years experience issues in getting pregnant.
In addition, raising number of fertility clinics area also supplementing the market growth. Increasing number of fertility clinics alongside development in awareness about fertility medicines like sperm/egg donation and in-vitro fertilization heightens the adoption of fertility therapies, in this way impelling the business development. For instance; according to the CDC's 2018 Fertility Clinic Success Rates Report; there were 306,197 ART cycles performed at 456 detailing clinics in the United States during 2018, bringing about 73,831 live births and 81,478 live conceived babies. Of the 306,197 ART cycles acted in 2018, 103,078 were egg or embryo banking cycles in which all subsequent eggs or embryos were frozen for future utilization.
Furthermore, increasing prevalence of causative factors such as hormonal changes, alcohol consumption & other leading to infertility issue also drives the global surrogacy market. Alcohol utilization, steroid use, surgical elimination of one of the testicles because of malignancy, and diabetes can likewise bring about low sperm count, consequently prompting infertility issues in men. In ladies, hormonal problems, harmless developments in uterus, unusual life structures of the cervix or uterus, hindered fallopian tubes, stress, chemotherapy, kidney, or sickle cell sickness might bring about infertility. To solve such issue number of people are adopted the surrogacy technique.
For instance; according to the World Health Organization (WHO), about 48 million couples and 186 million individuals live with infertility globally.
However, strict laws related to the business methods along with the high cost involved in the process may hamper the global surrogacy market growth. In spite of that, advanced technologies and new benefits from new laws by governments to surrogate mothers can provide various opportunities for the further growth of the global surrogacy market.
North America is Expected to Dominate the Global Surrogacy Market
North America is expected to dominate the global surrogacy market due to the number of increased gestational surrogacy, increasing fertility canters and advancement in technology in this region. For instance; according to the American Society for Reproductive Medicine (ASRM), gestational carrier cycles resulted in 13,380 deliveries with a total of 18,400 infants being born. In these births 8,581 were single births, 4,566 were twins, 233 were triplets or more of these births.
In September 2020, Inception Fertility presented Pathways Fertility, another organization of clinics in Georgia. The new center, Pathways, offers administrations to couples with most recent innovation in reproductive medication at moderate expense, along these fostering their customer base.
Asia Pacific is anticipated to grow at a faster in global surrogacy market over the forecast period due to the low cost of treatment, availability of top medical professionals and favourable regulations for surrogacy treatment in this region. For instance, according to data published by the Confederation of Indian Industry (CII), the surrogacy market rose to about 2.3 thousand million dollars during that period. This easy access to the process, as intended parents were deemed the rightful parents straight away after childbirth are some factors fuelling the growth of the global surrogacy market in this region.
On Special Requirement Surrogacy Market Report is also available for below Regions and Country:
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
Key Benefits of Global Surrogacy Market Report:
- Global Surrogacy Market report covers in-depth historical and forecast analysis.
- Global Surrogacy Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and Country levels.
- Global Surrogacy Market report helps to identify opportunities in the marketplace.
- Global Surrogacy Market report covers extensive analysis of emerging trends and the competitive landscape.
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Surrogacy Market Size, Share, Industry Trends Analysis, And Growth By 2028