Surrogacy Market 2019: Application and Future Forecast by 2025
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Increasing number of people suffering from infertility problems including reduced sperm count, problem in egg/sperm production will act as high impact rendering factor for the growth of surrogacy market. Factors such as hormonal changes, stress, alcohol consumption, steroid use and others has led to rise in infertility cases thereby positively impacting the business growth.
Technological advancements in assisted reproductive technologies, rising awareness regarding infertility treatment and growing number of fertility clinics will drive the surrogacy market growth over the forecast period. However, high cost related to the procedure along with stringent regulations pertaining to surrogacy in several countries will restrict the growth of market over the coming years
The increasing number of infertility cases and heavy adoption of in-vitro fertilization services is driving the demand for the in-vitro fertilization segment. The segment accounted for more than 60% share in 2018. In addition, the increasing tendency of women freezing eggs to give birth to a child in later stages would augment the segment share in the coming years.
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With reference to the service provider segment, fertility clinics are anticipated to observe heavy growth trends in the coming years. The segment is projected to reach up to $17.7 billion through 2025. Mounting awareness regarding infertility treatments available and the surging number of fertility specialists and centers would majorly outline the segment growth.
In addition, growing disposable income of people across the world along with rising healthcare expenditure would positively impel the segment share in the surrogacy market.
With respect to the surrogacy type segment, gestational surrogacy is projected to observe heavy profits in the coming years. The segment also dominated the market share in 2018. It is projected to grow by more than 24.8% through the forecast timespan.
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Increasing technological advancements in the field is a major factor pushing the segment growth in the overall market. Heavy adoption of gestational surrogacy by professionals would critically outline the market share in the forthcoming years.
In fact, legal and emotional complexities that come with traditional surrogacy have further pushed the growth of the gestational surrogacy segment driving the overall industry outlook.
More Insightful Info: https://www.marketwatch.com/press-release/surrogacy-market-size-2019-growth-research-and-development-by-2025-2020-01-16
Meanwhile, 38-39 years age group segment will majorly propel the market share. The segment is likely to grow at a CAGR of more than 24% during the forecast timespan. Rising number of women having fertility problems that further result in various issues in getting pregnant or sustaining pregnancy is a major growth factor of the segment. The fertility rate across developed economies is generally low owing to easily available birth control measures, economic affluence and lifestyle choices of people.
All in all, factors such as growing infertility issues, and increasing preference of gestational surrogacy among others are overtly indicative of massive opportunities for surrogacy market players. Some of the prominent industry players operating in the market are Bangkok IVF Center, Extraordinary Conceptions, AVA Clinic Scanfert, IVI-RMA GLOBAL, Ovation Fertility, New Hope Fertility Center, and Nova IVI Fertility (NIF) among others.
Therapeutic Nuclear Medicine Market: https://www.marketwatch.com/press-release/therapeutic-nuclear-medicine-market-size-2019-outlook-opportunity-and-demand-analysis-report-by-2025-2020-01-22
Rheumatoid Arthritis Drugs Market: https://www.marketwatch.com/press-release/rheumatoid-arthritis-drugs-market-2019-opportunity-analysis-and-industry-forecast-by-2025-2020-01-22
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