Global Surrogacy Market Report
Global surrogacy market measurement reached US$ 161.83 Million in 2021. By 2027, It will attain a worth of US$ 240.56 Million, rising at a CAGR of 6.62% (2022-2027).
SHERIDAN, WYOMING, UNITED STATES, September 18, 2022 /EINPresswire.com/ — The newest analysis research “Surrogacy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the worldwide surrogacy market reached a worth of US$ 161.83 Million in 2021. Looking ahead, IMARC Group expects the market to succeed in a worth of US$ 240.56 Million by 2027, exhibiting a CAGR of 6.62% throughout 2022-2027.
Surrogacy is a technique by which a surrogate bears and offers beginning to a toddler on behalf of one other individual or couple. It is supported by a authorized settlement and gives parenthood to people, members of the LGBT neighborhood, and these with infertility or different medical points. It allows one or each mother and father to keep up a organic relationship with the kid. Since the circumstances of infertility as a result of issues in egg or sperm manufacturing or decreased sperm rely are rising, surrogacy is gaining immense traction throughout the globe.
COVID-19 Impact on Market: (Positive Impact)
As the novel coronavirus (COVID-19) disaster takes over the world, we’re repeatedly monitoring the modifications within the markets, in addition to the business behaviors of the customers globally and our estimates concerning the newest market traits and forecasts are being achieved after contemplating the impression of this pandemic.
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Global Surrogacy Market Trends and Drivers:
The world surrogacy market is primarily pushed by the rising consciousness about infertility remedies, similar to sperm or egg donation and in-vitro fertilization (IVF). Additionally, quite a few technological developments in assisted reproductive applied sciences have catalyzed market progress. Moreover, there’s a rise within the prevalence of polycystic ovarian syndrome (PCOS) in ladies as a result of stress, hormonal imbalance, decreased bodily exercise, and life-style modifications, similar to smoking, alcohol consumption, and surging consumption of calorie-dense meals.
In line with this, the rising variety of fertility clinics is positively influencing the market progress. Besides this, the rising use of gestational surrogacy by surrogacy professionals, as it’s simpler than conventional surrogacy, is one other main growth-inducing issue. Other elements, together with the rising fertility tourism, rising incapability to conceive, simple availability of inexpensive surrogacy, and supportive reimbursement insurance policies, are additionally anticipated to drive the market additional.
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Global Surrogacy Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The aggressive panorama of the market has been studied within the report with the detailed profiles of the important thing gamers working available in the market.
Some of those prime key gamers embody:
Bourn Hall Clinic, CARE Fertility, Circle Surrogacy & Egg Donation, Extraordinary Conceptions, Growing Generations LLC, Houston Fertility Center, IVIRMA Global, Max Healthcare, New Hope Fertility Center, Nova IVF, Ovation Fertility and Scanfert Clinic.
The report has segmented the market on the premise of area, kind, expertise and service supplier.
Breakup by Type:
• Gestational Surrogacy
• Traditional Surrogacy
Breakup by Technology:
• IVF with ICSI
• IVF with out ICSI
• Intrauterine Insemination
Breakup by Service Provider:
• Hospitals
• Fertility Clinics
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you want particular data that’s not at the moment throughout the scope of the report, we will present it to you as part of the customization.
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