The surrogacy global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Surrogacy Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The surrogacy market size has grown exponentially in recent years. It will grow from $13.21 billion in 2023 to $16.01 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to increasing infertility cases, gestational surrogacy dominance, regional market growth, age group adoption, legal and regulatory frameworks.
The surrogacy market size is expected to see rapid growth in the next few years. It will grow to $32.03 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. The growth in the forecast period can be attributed to changing social perceptions, partnerships and collaborations, reproductive technology advancements, ethical and legal complexities, recovery post-pandemic.. Major trends in the forecast period include advancements in medical technology, cultural sensitivity, technological advancements, diversity in family structures, advancements in genetic testing.
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Scope Of Surrogacy Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Surrogacy Market Overview
Market Drivers –
The increasing infertility rates are expected to propel the growth of the surrogacy market going forward. Infertility is defined as the failure to achieve a pregnancy after 12 months or more of regular, unprotected sexual intercourse. Surrogacy provides an alternative to traditional pregnancy for individuals or couples who cannot conceive naturally or carry a pregnancy to term. For instance, according to the World Health Organization, a Switzerland-based intergovernmental organization, approximately 17.5% of adults globally, or about 1 in 6 individuals, encounter infertility, underscoring the pressing requirement to enhance accessibility to affordable and top-notch fertility care for those requiring assistance. Therefore, the increasing infertility rates are driving the growth of the surrogacy market.
Market Trends –
Major companies operating in the surrogacy market are focused on developing innovative products, such as surrogacy.com, to assist surrogates and their families in successfully navigating each stage of the surrogacy journey. Surrogacy.com is a community and platform for future surrogates, surrogates, and advocates, providing support and resources for those involved in surrogacy. For instance, in November 2023, Northstar Fertility, a US-based egg donor and fertility service provider, launched surrogacy.com, which was created by surrogates. It provides experienced surrogates with their first-hand knowledge and candor and connects them with the community and tools they need to navigate the surrogacy process successfully.
The surrogacy market covered in this report is segmented –
1) By Type: Gestational Surrogacy, Traditional Surrogacy
2) By Technology: In Vitro Fertilisation (IVF) With Intracytoplasmic Sperm Injection (ICSI), In Vitro Fertilisation (IVF) Without Intracytoplasmic Sperm Injection (ICSI), Intrauterine Insemination
3) By Application: Fertility Clinics, Surrogacy Agencies, Surrogacy Lawyers
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Regional Insights –
North America was the largest region in the surrogacy market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surrogacy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the surrogacy market report are NMC Health PLC, Care Fertility Group, Nova IVI Fertility, IVIRMA, Houston Fertility Center, Circle Surrogacy, Ovation Fertility, ConceiveAbilities, Oasis Center, New Hope Fertility Center, Growing Generations, Family Creations, Bourn Hall Clinic, AVA Clinic Scanfert, Clinic Scanfert, Extraordinary Conceptions, Surrogate Solutions, Simple Surrogacy, Gift of Life Surrogacy Agency, ART Reproductive Center, Conceptual Options, New Life Global Network, Reproductive Possibilities, Surrogacy America, Surrogacy Center India
Table of Contents
1. Executive Summary
2. Surrogacy Market Report Structure
3. Surrogacy Market Trends And Strategies
4. Surrogacy Market – Macro Economic Scenario
5. Surrogacy Market Size And Growth
…..
27. Surrogacy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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