According to the latest report by Reports and Data, the global Surrogacy market is projected to reach USD 39.12 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. The increasing demand for surrogacy by the LGBTQIA+ community and the success rates of in-vitro fertilization (IVF) and other related SURROGACY procedures are driving market revenue growth.
Surrogacy offers a range of treatment options for infertility, catering to the unique medical histories and requirements of patients. Among these options, in-vitro fertilization (IVF) is the most widely used and effective type of ART, complemented by other services such as donor eggs, donor sperm, and frozen embryos. As more people recognize the advantages of surrogacy and overcome social stigmas surrounding it, surrogacy has become a major growth driver for the ART market.
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Although SURROGACY offers a variety of procedures for patients to choose from based on their medical history and needs, multiple gestation or pregnancies is a major concern in the market. This risk is considered significant for both the patient and infant's health. According to the Centers for Disease Control (CDC), while SURROGACY accounts for 17% of twins born to couples, the risk of multiple pregnancies during SURROGACY procedures is 27 times higher than natural conception.
However, the report also highlights some positive developments in the market, such as the introduction of TMRW Life Sciences' automated Cryo specimen management solution for eggs and embryos used in IVF procedures. This technology has been launched at various fertility clinics across the US, enabling the management of millions of embryos and eggs used in modern IVF. Additionally, the egg/embryo banking segment is gaining popularity, as it accounted for a significant revenue share in 2021. This option is preferred by women who cannot afford to take time off from their careers or who want to have children at a later stage in life.
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According to the report, the frozen embryo replacement (FER) segment had a significant revenue share in 2021, with the vitrification procedure increasing the frequency of delayed frozen embryo transfers. The North American market is expected to grow steadily in the forecast period due to greater public awareness of various fertility alternatives, government support for in-vitro fertilization, and advancements in technology and procedures.
The global SURROGACY market is segmented based on various factors, including type, procedure, procedure technology, end-use, and region. The report profiles several companies in the market, including Cosmos Biomedical Ltd., Microm UK Ltd., CooperSurgical Fertility Solutions, and others. The SURROGACY market is predicted to grow significantly, driven by factors such as the increasing demand for surrogacy by the LGBTQIA+ community, the success rates of IVF, and related procedures.
However, the occurrence of multiple gestation or pregnancies remains a major constraint for the market. The market's growth is expected to be fueled by the introduction of new technologies and procedures, as well as increased public awareness and government support.
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