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Surrogacy Global Market Report 2024 - By Trends, Growth, Share, Size, Forecast To 2033
Surrogacy Market
The Business Research Company presents an extensive market research report on the Surrogacy Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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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Key Market Players:
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
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.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/surrogacy-global-market-report
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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