(MENAFN- EIN Presswire) Surrogacy Industry
A Deep Dive into the Global Surrogacy market - Trends, Challenges, and Opportunities for Intended Parents and Surrogates
PORTLAND, OREGON, UNITED STATES, April 14, 2023 /einpresswire.com / -- The surrogacy market experienced significant growth in recent years, with a market size of $112.80 million in 2015. Projections indicate that the market is expected to reach $201.40 million by 2025, representing a compound annual growth rate (CAGR) of 6.1% from 2016 to 2025. This growth trajectory demonstrates the increasing acceptance and demand for surrogacy as a viable reproductive option for couples facing infertility or other reproductive challenges.
Surrogacy, a practice where a woman carries a pregnancy on behalf of another individual or couple, has gained traction as a solution for those struggling with infertility, same-sex couples, and individuals who are unable to carry a pregnancy due to health reasons. Advancements in reproductive technologies and changing social norms have contributed to the growing acceptance and adoption of surrogacy as a means to achieve parenthood.
For instance, the American Society for Reproductive Medicine (ASRM) issued recommendations on March 17, 2020, advising against initiating new cycles of assisted ovulation, intrauterine inseminations (IUIs), in vitro fertilization (IVF), or "non-urgent" egg freezing. This has led to delays or cancellations of surrogacy cycles, as well as challenges in finding suitable surrogates and proceeding with the surrogacy process as planned.
Download PDF Brochure at:
Key Market Players
1.NEW HOPE FERTILITY CLINIC
2.IVI RMA GLOBAL
3.HOUSTON FERTILITY CENTER
4.CLINIC SCANFERT
5.BOURN HALL FERTILITY CLINIC
6.NOVA IVI FERTILITY
7.OVATION FERTILITY
8.EXTRAORDINARY CONCEPTIONS
9.CARE FERTILITY GROUP
10.GROWING GENERATIONS
The surrogacy market can be classified based on different factors, such as type and technology utilized
The two main types of surrogacy are gestational surrogacy and traditional surrogacy. Additionally, the technology employed in the surrogacy process can include in vitro fertilization (IVF) with intracytoplasmic sperm injection (ICSI), IVF without ICSI, and intrauterine insemination (IUI). The market also exhibits regional variations, with North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa) being the main regions of focus.
Gestational surrogacy is the most common type of surrogacy, where the surrogate mother carries the embryo created using the eggs and sperm of the intended parents or donors, and has no genetic relation to the baby. This type of surrogacy is preferred due to its legal and ethical advantages, as the intended parents have full genetic parenthood and legal rights over the child. On the other hand, traditional surrogacy involves the surrogate mother using her own eggs to conceive the baby, making her genetically related to the child. Traditional surrogacy is less common and can present legal and ethical complexities, as the surrogate may have legal and emotional rights over the child.
The technology used in the surrogacy process can also vary. IVF with ICSI is a common method, where the eggs are fertilized with sperm in a lab, and the resulting embryos are then transferred to the surrogate's uterus. IVF without ICSI involves fertilization of the eggs and sperm in a lab without ICSI, followed by embryo transfer. Intrauterine insemination (IUI) is a less complex method, where prepared sperm is directly injected into the surrogate's uterus during the fertile window to facilitate conception.
Geographically, North America, including the U.S., Canada, and Mexico, is a prominent market for surrogacy, owing to favorable regulations, well-established healthcare infrastructure, and increasing acceptance of surrogacy. Europe, including the UK and rest of Europe, also has a significant share in the surrogacy market. Asia-Pacific, with countries like India and Australia, is an emerging market for surrogacy, driven by advancements in medical technology, lower costs, and availability of surrogates. LAMEA, including countries like Brazil and South Africa, is also witnessing growth in the surrogacy market, albeit with some regulatory challenges.
Buy Premium Copy of Surrogacy Market Growth Report at:
FREQUENTLY ASKED QUESTIONS?
1.What are the key factors driving the growth of the surrogacy market?
2.How does the surrogacy process work, and what are the different types of surrogacy arrangements?
3.What are the main challenges and ethical considerations associated with surrogacy?
4.How has the COVID-19 pandemic impacted the surrogacy market globally?
5.What are the legal and regulatory frameworks governing surrogacy in different regions or countries?
6.What are the technological advancements and innovations shaping the future of the surrogacy market?
7.How do cultural and societal attitudes towards surrogacy vary across different regions or countries?
8.What are the economic and financial implications for intended parents and surrogates in the surrogacy market?
9.What are the ethical considerations surrounding compensation and rights for surrogates in the surrogacy market?
10.What are the potential future trends and opportunities in the surrogacy market, considering changing social dynamics and advancements in reproductive technologies?
Browse other research published by Allied Market Research:
Microcatheters Market -
Artificial Tendons and Ligaments Market -
Ankylosing spondylitis market -
Microdermabrasion Devices Market -
Mortuary Equipment Market -
Neurorehabilitation Market -
Ophthalmic Knives Market-
Over The Counter (OTC) Test Market -
David Correa
Allied Analytics LLP
+1-800-792-5285
email us here