Global Surrogacy Market Poised for Remarkable Growth, Projected to Reach US$ 306.9 Million by 2032 Driven by Technological Innovations and Growing Receptiveness Toward Gestational Surrogacy
Dublin, May 01, 2024 (GLOBE NEWSWIRE) -- The "Surrogacy Market Report by Type (Gestational Surrogacy, Traditional Surrogacy), Technology (IVF with ICSI, IVF without ICSI, Intrauterine Insemination), Service Provider (Hospitals, Fertility Clinics, and Others), and Region 2024-2032" report has been added to * ResearchAndMarkets.com's* offering.
The global surrogacy market is garnering significant attention as advancements in reproductive technology and changing societal norms propel its growth. Recent market analysis highlights a projected substantial expansion, with the industry set to burgeon from US$ 183.4 million in 2023 to achieve a valuation of US$ 306.9 million by 2032.
Surrogacy stands as a beacon of hope for many individuals and couples eager to realize their dreams of parenthood, impeded by fertility issues or other impediments. The global landscape is shifting, with an increasing incidence of infertility and evolving socio-cultural paradigms shaping market dynamics. Market trends indicate a soaring demand for fertility services, fertility tourism, and a growing receptiveness toward gestational surrogacy. Jurisdiction-specific favorable policies further contribute to this market's upward trajectory.
*Technological Innovations Spearheading Growth*
Technological advancements within the field, particularly IVF with ICSI (Intracytoplasmic Sperm Injection), are at the frontier driving surrogacy services' proliferation. These sophisticated reproductive techniques present viable solutions for those contending with infertility, precipitating robust market growth. Moreover, fertility clinics are recognized as crucial conduits, equipping clients with state-of-the-art services and facilities, thereby leading the fray in the market's service provider segment.
*Regional Insights*
North America emerges as a significant market force, propelled by comprehensive legal structures and advanced medical capabilities. This region's dominance is accredited to a conducive atmosphere that facilitates surrogacy arrangements, robust health care infrastructure, and a culturally adaptive view towards varying family formations.
*Competitive Scenario*
The market is characterized by innovative strides as key players adopt digitization, foster collaborations, and continuously enhance medical procedures. These strategies support improved communication, streamline surrogacy journeys, and uphold the utmost success rates, thus nurturing the market's competitive edge. Recent activities reveal industry leaders' determination to capitalize on market growth through expansion initiatives and strategic partnerships aimed at reinforcing their foothold and amplifying service reach.
*Market Outlook*
The global surrogacy market outlook encapsulates a groundswell of opportunities driven by multi-faceted factors. Expected to undergo substantial growth over the next few years, the surrogacy market is a testament to the amalgamation of technology, societal evolution, and global healthcare initiatives. As the fabric of family and parenthood continuously evolves, the surrogacy market stands as a pivotal segment within the reproductive health industry, poised for momentous occurrences and advancements.
*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 142
Forecast Period 2023 - 2032
Estimated Market Value (USD) in 2023 $183.4 Million
Forecasted Market Value (USD) by 2032 $306.9 Million
Compound Annual Growth Rate 5.9%
Regions Covered Global
*Companies Featured*
· Bourn Hall Clinic
· CARE Fertility
· Circle Surrogacy & Egg Donation
· Extraordinary Conceptions
· Growing Generations LLC
· Houston Fertility Center
· IVIRMA Global
· Max Healthcare
· New Hope Fertility Center
· Nova IVF
· Ovation Fertility
· Scanfert Clinic
For more information about this report visit https://www.researchandmarkets.com/r/zarufb
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*Attachment*
· Surrogacy Market
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