Global Surrogacy Market: Overview
Surrogacy is one of the key assisted reproductive techniques wherein a woman, often by means of a legal agreement, carries the offspring of another couple. Couples who want to start or extend their families opt for this method. Altruistic (non-commercial) surrogacy, traditional surrogacy, and commercial surrogacy are three major types of surrogacy.
On the basis of the genetic origin of the egg, surrogacy can be classified into gestational and traditional. In traditional surrogacy, the participating woman’s eggs are utilized, rendering her the biological mother of the progeny, whereas gestational surrogacy does not involve any biological link with the child whatsoever.
On the basis of whether or not there is financial exchange involved, surrogacy can be divided into commercial and altruistic. Commercial surrogacy is the practice of renting out one’s womb to bear the child of another in exchange for money. In altruistic surrogacy, however, no monetary benefits are offered to the surrogate mother, as she is often a close relation of the couple, although medical expenses might be taken care of.
Global Surrogacy Market: Growth Factors
As the incidence of hormonal imbalances and resulting infertility cases rises worldwide, the global surrogacy market will witness enormous growth over the forecast period. Age, genetics, sperm & egg production, and exposure to certain toxic chemicals can hamper human fertility. Similarly, regular consumption of alcohol, use of steroids, and certain medical conditions such as diabetes can lower sperm count among men, leading to infertility issues. Amongst women, hormonal disorders, abnormal structure of the uterus or cervix, stress, blocked fallopian tubes, and particular medical conditions can trigger infertility. With the number of infertility problems increasing, the awareness regarding infertility treatments has also been growing.
As the number of fertility clinics has been multiplying rapidly over the last decade, the global surrogacy market will flourish to a considerable degree. The growing availability and utilization of new fertility treatments including in-vitro fertilization and egg or sperm donation will also exert a positive influence over the surrogacy market outlook over the forthcoming timeframe. The alarming increase in the number of women diagnosed with polycystic ovaries disorder (PCOD) is also responsible for the progression of the global surrogacy market. According to Centers for Disease Control and Prevention, nearly 5 million women of reproductive age in the US are affected with PCOD.
The stringent regulatory laws pertaining to the practice of surrogacy, alongside high medical expenditure involved in the procedure can hamper the growth of the global surrogacy market over the forecast period.
Global Surrogacy Market: Segmentation
The global surrogacy market can be segmented on the basis of type, technology, age group, service provider, and region. Traditional surrogacy and gestational surrogacy are the two chief categories by type. By technology, in-vitro fertilization and intrauterine insemination (IUI) are the two key classifications. The in-vitro segment has further been divided into standard IVF and intracytoplasmic sperm injection. The age group segments in the global surrogacy market are less than 35, between 35 and 37, 38 to 39, 40 to 42, 43 to 44, and more than 44 years. The two prominent service providers are fertility clinics and hospitals.
Global Surrogacy Market: Regional Analysis
Regionally, the Africa segment is expected to display fastest growth through the projected timeline, thanks to the lack of implementation of stringent regulatory policies across the region. Nigeria is likely to lead the pack, owing to simplified legal terms and conditions associated with commercial surrogacy. The growth of the other regional segments will be negatively affected as a result of the commercial surrogacy practice being illegal in those nations. Regional markets such as India, where commercial surrogacy was eventually declared illegal in 2018, will grow at a slow pace. The US, being a surrogacy-friendly nation, will also contribute toward the growth of the market. Lack of legal framework regarding surrogacy across Malaysia will also prove beneficial for the growth of global surrogacy market.
Global Surrogacy Market: Competitive Players
AVA Clinic Scanfert, Nova IVI Fertility, Cardone and Associates Reproductive Medicine & Infertility, New Hope Fertility Center, Ovation Fertility, IVI-RMA GLOBAL, and Extraordinary Conceptions are some prominent competitors in the global market for surrogacy. Several players have been investing in digital marketing to promote their business.
Global Surrogacy Market: Regional Segment Analysis
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