Analyzing Surrogacy Market: Global Industry Perspective and Forecast (2024 to 2031)
Market Overview and Report Coverage
Surrogacy is a process where a woman carries and gives birth to a child for another individual or couple. The global surrogacy market is expected to grow at a CAGR of 5% during the forecasted period. The increasing acceptance of non-traditional family structures, advancements in medical technology, and changing societal norms are driving the growth of the surrogacy market.
The current trend in the surrogacy market is the growing demand for gestational surrogacy, where the surrogate is not biologically related to the child she carries. This method is becoming popular as it reduces the risk of emotional attachment between the surrogate and the child. Additionally, the market is witnessing a rise in cross-border surrogacy, where intended parents seek surrogates in countries with favorable regulations and lower costs.
Looking towards the future, the surrogacy market is expected to continue to expand, driven by factors like increasing infertility rates, rising awareness about surrogacy options, and advancements in reproductive technology. Overall, the surrogacy market is poised for significant growth in the coming years.
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Market Segmentation
The Surrogacy Market Analysis by types is segmented into:
- Intrauterine insemination (IUI)
- In-vitro fertilization (IVF)
- Others
Surrogacy market includes three main types: Intrauterine insemination (IUI), In-vitro fertilization (IVF), and other methods. IUI involves placing sperm directly into the uterus to increase the chances of fertilization. IVF involves combining eggs and sperm outside the body and then implanting the resulting embryo into the uterus. Other methods may include traditional surrogacy, where the surrogate uses her own eggs, or gestational surrogacy, where the surrogate carries an embryo created by the intended parents using a donor egg.
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The Surrogacy Market Industry Research by Application is segmented into:
- Hospitals
- Fertility clinics
- Others
The Surrogacy Market application is designed for Hospitals, Fertility clinics, and others to streamline the process of matching intended parents with surrogate mothers. Hospitals can use the application to manage surrogacy arrangements, track the health of both parties, and ensure legal compliance. Fertility clinics can utilize the app to connect with potential surrogates, manage medical procedures, and monitor progress. Other market participants, such as legal firms and insurance companies, can also benefit from the application by accessing relevant information and documentation.
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In terms of Region, the Surrogacy Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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What are the Emerging Trends in the Global Surrogacy market?
The global surrogacy market is witnessing several emerging trends, including the increasing acceptance and legalization of surrogacy in more countries, the rise of cross-border and international surrogacy arrangements, and the growing demand for surrogacy services from LGBTQ+ couples and single individuals. Additionally, advancements in technology and medical procedures have improved success rates and made surrogacy more accessible to a wider range of individuals. Current trends also include the focus on ethical and transparent practices, the regulation of the industry by governments, and the rising popularity of gestational surrogacy over traditional surrogacy methods.
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Major Market Players
The surrogacy market has seen significant growth in recent years, driven by increasing awareness, advancements in reproductive technology, and changing societal attitudes towards alternative family-building options. Several key players in the industry have emerged as leaders in providing surrogacy services.
New Hope Fertility Center is one of the prominent players in the surrogacy market, known for its innovative approach to reproductive care. The clinic offers a wide range of services, including surrogacy, in vitro fertilization, and genetic testing. With a strong track record of success and a reputation for personalized care, New Hope Fertility Center has seen steady growth in market share.
IVI-RMA Global is another major player in the surrogacy market, with a global presence and a network of clinics in several countries. The clinic specializes in assisted reproductive technologies, including surrogacy, egg donation, and embryo testing. IVI-RMA Global has experienced significant growth in recent years, fueled by a focus on quality care and cutting-edge treatment options.
Scanfert AVA Clinic, based in Ukraine, has also made a mark in the surrogacy market with its affordable pricing and high success rates. The clinic has been at the forefront of medical tourism for surrogacy, attracting international patients seeking cost-effective and reliable surrogacy services.
According to industry reports, the global surrogacy market is estimated to be worth over $7 billion, with a compound annual growth rate of around 8%. While specific sales revenue figures for individual companies may vary, it is evident that the surrogacy market is a lucrative and rapidly expanding segment of the fertility industry. As demand for surrogacy continues to rise, these key players are likely to play a significant role in shaping the future of the market.
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