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Surrogacy Market Size, Share, Report and Forecast 2024-2032

06-05-2024 11:36 AM CET | Health & Medicine

Press release from: Expert Market Research

Surrogacy Market Size, Share, Report and Forecast 2024-2032

Global Surrogacy Market Outlook

The global surrogacy market size was valued at USD 81.5 billion in 2023, driven by the increasing infertility rates and advancements in medical technology across the globe. The market size is anticipated to grow at a CAGR of 24.3% during the forecast period of 2024-2032 to achieve a value of USD 577.8 billion by 2032.

Surrogacy: Introduction

Surrogacy is a complex and evolving arrangement where a woman, known as a surrogate mother, carries and delivers a child for another individual or couple who cannot conceive naturally. This process often involves in vitro fertilization (IVF), where an embryo is created using the intended parents' or donors' genetic material and then implanted into the surrogate. Surrogacy can be altruistic or commercial, depending on whether the surrogate receives financial compensation beyond medical expenses. It provides a viable solution for many facing infertility, medical conditions, or same-sex couples desiring a biological child, though it raises ethical, legal, and emotional considerations that vary widely across different cultures and jurisdictions.

Get a Free Sample Report with a Table of Contents: https://www.expertmarketresearch.com/reports/surrogacy-market/requestsample

Key Trends in the Global Surrogacy Market

The global surrogacy market is experiencing significant growth, driven by various key trends and factors. These trends include:

Increasing Infertility Rates: Rising infertility rates worldwide, due to factors such as delayed childbearing, lifestyle changes, and medical conditions, are driving the demand for surrogacy services. Many couples facing infertility are turning to surrogacy as a viable option to have biological children.
Advancements in Reproductive Technologies: Technological advancements in assisted reproductive technologies (ART) have significantly improved the success rates of surrogacy. Innovations in in vitro fertilization (IVF), genetic screening, and embryo transfer techniques are enhancing the efficacy and reliability of surrogacy arrangements.

Growing Acceptance and Legalization: The increasing acceptance and legalization of surrogacy in various countries are contributing to market growth. Countries like the United States, Canada, and certain European nations have established legal frameworks that support surrogacy, providing clear guidelines and protections for all parties involved.

Rise of Medical Tourism: Medical tourism is playing a pivotal role in the surrogacy market. Countries with advanced medical infrastructure and favorable legal environments are attracting international clients seeking surrogacy services. Destinations like India, Ukraine, and Georgia are popular for their cost-effective and high-quality surrogacy programs.
LGBTQ+ Community Demand: The LGBTQ+ community is increasingly seeking surrogacy as a means to build families. With growing societal acceptance and legal rights for same-sex couples, there is a rising demand for surrogacy services within this community, further driving market growth.
Ethical and Legal Considerations: Ethical and legal considerations remain crucial in the surrogacy market. Ongoing debates and evolving regulations around the rights of surrogates, intended parents, and the resulting children continue to shape the market dynamics. Ensuring ethical practices and protecting the rights of all parties involved are paramount for sustainable market growth.

Increased Awareness and Accessibility: Greater awareness and accessibility of surrogacy services, through online platforms and specialized agencies, are making it easier for intended parents to explore and pursue surrogacy options. This trend is expanding the market reach and making surrogacy a more accessible option for many.

Overall, the global surrogacy market is poised for continued growth, driven by technological advancements, changing societal attitudes, and evolving legal frameworks.

Global Surrogacy Market Segmentation

Market Breakup by Type

Gestational Surrogacy
Traditional Surrogacy

Market Breakup by Technology

IVF with ICSI
IVF without ICSI
Intrauterine Insemination
Others

Market Breakup by End User

Hospitals
IVF Centres
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/surrogacy-market

Global Surrogacy Market Overview

The global green surfactants market is witnessing robust growth, driven by increasing consumer awareness and demand for environmentally friendly and sustainable products. Green surfactants, derived from renewable resources such as plants and natural oils, are gaining traction as they offer a biodegradable and non-toxic alternative to traditional surfactants. These eco-friendly ingredients are widely used in various applications, including personal care, household cleaning, industrial cleaning, and agricultural products.

In North America, the green surfactants market is significantly driven by stringent environmental regulations and the growing consumer preference for sustainable products. The United States and Canada are key markets, with consumers increasingly opting for green alternatives in personal care and household cleaning products. The presence of major manufacturers and the rising adoption of green surfactants in industrial applications further bolster market growth in this region.

Europe is another prominent market for green surfactants, supported by stringent environmental policies and regulations. Countries like Germany, France, and the United Kingdom are at the forefront, with strong demand from the personal care and household cleaning sectors. The European Union's emphasis on reducing carbon footprints and promoting sustainable practices drives the adoption of green surfactants. Additionally, the region's commitment to circular economy principles encourages manufacturers to develop innovative, eco-friendly surfactant solutions.

The Asia Pacific region is expected to witness the fastest growth in the green surfactants market. Rapid industrialization, urbanization, and rising disposable incomes in countries like China, India, and Japan are key factors driving demand. Consumers in these countries are becoming increasingly aware of the environmental impact of traditional surfactants and are shifting towards green alternatives. The region's growing personal care and cosmetics industry, coupled with expanding household cleaning and industrial sectors, further fuels market growth.

In Latin America, the green surfactants market is gradually gaining momentum. Countries such as Brazil and Mexico are experiencing increased awareness and adoption of sustainable products. The growing middle-class population, coupled with rising environmental consciousness, supports market expansion. Additionally, the region's agricultural sector presents significant opportunities for green surfactants, particularly in applications such as biopesticides and adjuvants.

The Middle East and Africa region presents a growing market for green surfactants, driven by increasing environmental awareness and regulatory support. Countries like the UAE, Saudi Arabia, and South Africa are witnessing a shift towards sustainable practices in various industries. The adoption of green surfactants in personal care, household cleaning, and industrial applications is on the rise, supported by initiatives to reduce environmental impact and promote sustainability.

Global Surrogacy Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

New Hope Fertility Clinic: New Hope Fertility Clinic was established in 2004 and is headquartered in New York City, New York, USA. The clinic is renowned for its innovative fertility treatments and personalized care. Its main portfolio includes advanced in vitro fertilization (IVF) techniques, egg freezing, embryo banking, and minimal stimulation IVF (Mini-IVF). New Hope Fertility Clinic is recognized for its high success rates and commitment to patient-centric care. The clinic's state-of-the-art facilities and cutting-edge technologies have made it a leader in the field of reproductive medicine, helping countless individuals and couples achieve their dream of parenthood.

Houston Fertility Center: Founded in 2001, Houston Fertility Center is headquartered in Houston, Texas, USA. The center offers a comprehensive range of fertility treatments, including IVF, intrauterine insemination (IUI), egg donation, and surrogacy. Houston Fertility Center is known for its patient-focused approach and high success rates in treating infertility. The clinic employs the latest technologies and personalized treatment plans to address the unique needs of each patient. Its team of experienced specialists provides compassionate care and support throughout the fertility journey, making it a trusted choice for individuals and couples seeking reproductive assistance.

Ovation Fertility: Ovation Fertility was established in 2016 and is headquartered in Los Angeles, California, USA. The company operates a network of fertility clinics and laboratories across the United States. Ovation Fertility's main portfolio includes IVF, egg and sperm donation, genetic testing, and fertility preservation services. The organization is dedicated to advancing reproductive medicine through research and innovation. Ovation Fertility's collaborative approach, combining the expertise of leading reproductive endocrinologists, embryologists, and geneticists, ensures the highest standards of care and successful outcomes for patients seeking fertility treatments.

Extraordinary Conceptions: Founded in 2005, Extraordinary Conceptions is headquartered in San Diego, California, USA. The company specializes in international surrogacy and egg donation services. Extraordinary Conceptions' main portfolio includes matching intended parents with surrogates and egg donors, providing legal and psychological support, and facilitating the entire surrogacy process. The agency is renowned for its extensive network of donors and surrogates, as well as its commitment to ethical practices and personalized care. Extraordinary Conceptions helps individuals and couples from around the world achieve their dream of building a family through surrogacy and egg donation.

CARE Fertility: CARE Fertility was established in 1997 and is headquartered in Nottingham, United Kingdom. It is one of the largest and most successful fertility clinic groups in the UK. CARE Fertility's main portfolio includes IVF, ICSI, egg and sperm donation, genetic testing, and fertility preservation services. The clinic is known for its pioneering techniques and high success rates in assisted reproduction. CARE Fertility's team of experts uses the latest technologies and personalized treatment plans to provide exceptional care and support to patients. The clinic's commitment to research and innovation ensures continuous improvement in fertility treatments and patient outcomes.

Other key players in the market are Growing Generations, LLC, IVI RMA GLOBAL, CLINIC SCANFERT, BOURN HALL FERTILITY CLINIC, NOVA IVI FERTILITY, Associates Reproductive Medicine & Infertility, and Cardone

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