Surrogacy Market size to exceed $27.5bn by 2025.

Surrogacy Market size is set to exceed USD 27.5 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

The rising awareness about infertility treatments available in the market has escalated the adoption rate of surrogacy treatment. Moreover, rising number of people suffering from infertility problems coupled with advancements in assisted reproductive technologies will positively impact the market growth.  

 

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Increasing number of people suffering from infertility issues will accelerate the adoption rate fueling the business growth

Factors such as hormonal changes, age, excessive exposure to certain chemicals and toxins may result in reduced sperm and egg production. The growing number of infertility cases has stimulated the growth of surrogacy market. According to CDC, 1 in 8 couples have difficulty in getting or sustaining the pregnancy. Factors such as diabetes, surgical removal of one of the testicles due to cancer, steroid use and alcohol consumption may lead to infertility problem among men. While blocked fallopian tubes, stress, hormonal disorders and other factors may result in infertility issues with the women. All these factors elevate the need for surrogacy thereby fostering the industry growth.
 

Rising number of fertility clinics will act as high impact rendering factor for surrogacy market growth

Fertility clinics are adopting various strategies including digital marketing to create awareness about available treatment solutions for infertility problems in order to expand their customer case. Moreover, increasing number of infertility cases has triggered the number of fertility clinics as well as fertility specialists, thereby fueling the business growth. According to the CDC November 2019 data, the birth rate in the U.S. has declined constantly over the last 4 years, fueling the demand for infertility treatments or surrogacy in the country.
 

Browse key industry insights spread across 170 pages with 148 market data tables & 12 figures & charts from the report, “Surrogacy Market Share By Type (Gestational Surrogacy, Traditional Surrogacy), By Technology (Intrauterine Insemination (IUI), In-vitro Fertilization (IVF) {Classical/Standard IVF, Intracytoplasmic Sperm Injection (ICSI)}, By Age-group (Under 35 Years, 35-37 Years, 38-39 Years,  40-42 Years, 43-44 Years, Over 44 Years), By Service Provider (Hospitals, Fertility Clinics), Industry Analysis Report, Regional Outlook (U.S., Czech Republic, Estonia, Georgia, Greece, Poland, Russia, Sweden, Ukraine, UK, India, Thailand, South Korea, Kenya, Nigeria, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/surrogacy-market
 

Increasing awareness about assisted reproductive technologies will be the major market growth driver

Based on type, the surrogacy market is distinguished between gestational and traditional. Gestational segment dominated the global industry in 2018 due to high adoption and technological advancements, thus leading to high success rate. Traditional method has witnessed various legal litigations in the past, hence, doctors are increasingly adopting gestational method to avoid legal disputes. Complete ban on commercial practice in majority of countries has further escalated the adoption of altruistic surrogacy that will lead to industry expansion.
 

In-vitro fertilization (IVF), intrauterine insemination (IUI) and few others are the type of assisted reproductive technologies. Intrauterine insemination technology market will witness 24.0% CAGR during the forecast period. Cost-effectiveness in comparison to other infertility treatments along with less invasive nature of the technique will drive the segmental growth. In the intrauterine insemination technique, the sperms are placed in the women’s uterus to facilitate fertilization, thereby elevating the success rate. Aforementioned factors will escalate the adoption rate of IUI method over the projected timeframe leading to segmental growth.  
 

Based on age-group, the surrogacy industry is bifurcated into below 35 years, 35-37 years, 38 - 39 years, 40-42 years, 43-44 years and over 44 years. 35 - 37 years age-group segment accounted for over 20% market share in 2018 and is projected to witness considerable growth over the coming years. High growth is due to late marriages that result in late pregnancy and reduced pregnancy success rate leading to infertility issues.
 

Hospitals and fertility clinics are the major service providers of the surrogacy industry. Growing awareness about fertility treatments, increase in healthcare expenditure has stimulated the demand for assisted reproductive methods in the hospitals leading to 24.2% segmental growth by 2025. Increasing number of fertility clinics coupled with rising cases of infertility will drive demand for surrogacy over the coming years.  
 

Decreasing birth rate in the U.S. will spur the demand

There are state specific surrogacy laws in the U.S. Moreover, the country is considered safe for surrogacy treatment as there are numerous locations in the country where international surrogacy can be conducted. Surrogacy in the U.S. provides legal protection to the intended parents as well as surrogate that is not well received in other countries. The decreasing birth rate in the U.S. due to infertility problems will further boost the industry growth resulting in USD 6.5 billion market size of the U.S. surrogacy market by 2025. However, high procedure cost hampers the industry expansion to certain extent.
 

Fertility clinics are undertaking several business strategies to increase their customer base

Nova IVI Fertility (NIF), Bangkok IVF Center, New Hope Fertility Center, IVI-RMA GLOBAL, AVA Clinic Scanfert, Cardone & Associates Reproductive Medicine & Infertility, LLC., Ovation Fertility, Extraordinary Conceptions are some of the notable industry players providing infertility treatments. These clinics are undertaking several initiatives including digital marketing to expand their customer base and target couples facing difficulty in getting or sustaining pregnancy.
 

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