PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1373913
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1373913
Surrogacy market size was valued at USD 14,056.3 Million in 2022, expanding at a CAGR of 25.1% from 2023 to 2030.
Surrogacy is a technique of assisted reproduction in which the intended parents cooperate with a surrogate who carries the baby until delivery. Gestational and traditional are two types of assisted reproductive procedures that are used for surrogacy. The utilization of a surrogate's eggs makes her the biological mother of the baby under traditional technology, while in gestational, the surrogate has no biological connection to the baby. Additionally, the rising number of people experiencing infertility problems involves low sperm counts and problems in egg or sperm production led to a significant impact on the growth of the surrogacy market.
Surrogacy Market- Market Dynamics
Rising awareness of infertility issues and difficulty in conceiving is boosting market growth
The growing public awareness of infertility issues, an increase in scientific advancements in fertility procedures, an increase in the rate of gamete contributions, and the evolving trend of delayed pregnancies are all contributing to the growth of the global surrogacy market. Additionally, rising disposable income, rising fertility awareness, supportive reimbursement policies, and accessibility to fertility treatments are the key factors projected to drive the market. The major concern in conceiving because of women's polycystic ovarian syndrome is becoming more widely recognized, which fuels the demand for surrogate moms and, results in market expansion. However, rigorous rules and regulations along with the expensive cost of the procedure are significant factors restraining market growth. Furthermore, the increased prevalence of polycystic ovarian syndrome in females leads to difficulty in child conceiving, which results in escalated demand for surrogate mothers, thereby expanding the market.
Surrogacy Market- Key Insights
As per the analysis shared by our research analyst, the global surrogacy market is estimated to grow annually at a CAGR of around 25.1% over the forecast period (2023-2030)
The surrogacy industry is projected to grow at a significant rate due to the growing public awareness of infertility problems
Based on type segmentation, gestational was predicted to show maximum market share in the year 2022
Based on technology segmentation, in-vitro fertilization was the leading type in 2022
Alcohol consumption, hormonal changes, stress, and steroids lead to the increase in infertility cases are such factors positively impacting the business growth
The global surrogacy market is segmented on the basis of type, technology, age group, and region.
The market is divided into two categories based on type: traditional surrogacy and gestational. The gestational segment is likely to maintain its dominance over the forecast period. The segment is attributed to the high adoption of gestational techniques by surrogacy professionals as well as technological advancements. Additionally, legal and emotional complexities about traditional surrogacy further propel the adoption of gestational surrogacy is driving the demand for the segment.