Surrogacy Market 2021 By Regional Statistics, CAGR, Trend & Growth Forecast To 2027
Elevating awareness about assisted reproduction procedures and various infertility treatments across developed as well as developing countries are predicted to drive surrogacy market trends in the coming years. High prevalence of infertility is expected to boost surrogacy practices to a large extent. As per the World Health Organization (WHO), one in every four couples in emerging countries is suffering from infertility.
Adoption of unhealthy & erratic lifestyles and increasing consumption of alcohol & tobacco are some prime factors that are contributing to increase cases of infertility. Additionally, problems associated with ovulation and fallopian tubes decrease the probability of childbearing in the women population.
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Concerns related to infertility have given birth to many developments in reproductive technologies. Recent advancements in assisted reproductive technologies have shifted conventional surrogacy practices to gestational surrogacy. Global surrogacy market size is slated to surpass US$33.5 billion by 2027, as per the forecast by Global Market Insights, Inc.
The in-vitro fertilization segment generated a revenue share of over US$2.5 billion in 2020. The growth is predominantly attributed to advancement in IVF treatment. The introduction of intracytoplasmic sperm injection (ICSI) is effective treatment for male infertility. It offers the advantage of utilizing donor egg or sperm that further promotes the preference for these procedures. Additionally, the advent of transvaginal ultrasound offers a superior option to fallopian tube transfers and laparoscopic retrievals.
The 38 to 39 years segment is predicted to grow considerably at a CAGR of 32% up to 2027. Aging is the major factor that causes infertility. A high ratio of working women especially in developed regions has led to a shift in childbearing age. Changing lifestyles and the growing trend of birth-control measures during childbearing age results in age-related infertility. The rise in the number of working populations aged between 38 to 39 years is likely to boost the adoption of surrogacy techniques.
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The hospital segment held more than US$1 billion in 2020. Elevating adoption of sophisticated technologies allows hospitals to efficiently conduct and manage the overall surrogacy processes. The collaboration with surrogacy agencies enables healthcare facilities to easily access surrogate data and reduce procedural time. Advanced infrastructure, favorable policies, and the presence of skilled healthcare professionals are some prominent factors increasing the number of surrogacy procedures in hospitals.
The North America surrogacy industry is projected to grow at around 40.7% CAGR in the forthcoming years. The regional industry growth is majorly driven by the favorable regulatory norms pertaining to surrogacy in countries like the U.S, Canada, Mexico, and others. Growing awareness about assisted reproduction procedures, expansion of IVF centers & diagnostic facilities, and significant advancement in medical science expected to stimulate surrogacy practices in the region.
The introduction of reproductive tourism has escalated the accessibility of modern surrogacy internationally. With the emergence of international surrogacy, the cost-effective treatment of infertility in regions like the Asia Pacific and Europe has become accessible. These recent trends have also facilitated in completing gestational terms with foreign surrogates under paid services. Easy accessibility, favorable international policies, and the emergence of sophisticated technologies in surrogacy are predicted to augment industry expansion in the coming years.
Partial Chapter of the Table of Content
Chapter 2 Executive Summary
2.1 Surrogacy industry 3600 synopsis
2.1.1 Business trends
2.1.2 Type trends
2.1.3 Technology trends
2.1.4 End-use trends
2.1.5 Regional trends
Chapter 3 Surrogacy Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2016 – 2027
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Increasing number of infertility cases globally
3.3.1.2 Rising awareness about the infertility treatment options available in the market
3.3.1.3 Growing prevalence of causative factors including hormonal changes, alcohol consumption and others leading to infertility issues
3.3.1.4 Increasing number of fertility clinics
3.3.2 Industry pitfalls and challenges
3.3.2.1 Stringent regulations pertaining commercial surrogacy
3.3.2.2 High cost involved in surrogacy procedure
3.4 Growth potential analysis
3.4.1 By type
3.4.2 By technology
3.4.3 By age group
3.4.4 By service provider
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