A study of regulatory restrictions associated with the global surrogacy market unfolds that surrogacy is strictly not permitted in eight countries in Europe, even though it is tolerated in some others on account of lack of relevant laws.
A study of regulatory restrictions associated with the global surrogacy market unfolds that surrogacy is strictly not permitted in eight countries in Europe, even though it is tolerated in some others on account of lack of relevant laws. The act is considered legal in Greece and the United Kingdom so long it is done on a non-commercial basis, whereas in Ukraine and Russia, it is legal to practice commercial surrogacy where it is less expensive as compared to the United States.
International surrogacy in Ukraine accounts for a commendable share in the overall surrogacy market amounting to an estimated valuation of around 5 billion euros. Over the past five years, more than 4,000 children in Ukraine were born through surrogacy with almost 90 per cent of them having parents from foreign countries.
The global surrogacy market share is anticipated to surpass USD 27.5 billion by 2025, states recent research by Global Market Insights, Inc.
This rise is prominently ascribed to the surging number of people suffering from infertility issues such as problems in egg/sperm production, decreased sperm count, and others. Additional factors comprising stress, hormonal changes, steroid use, alcohol consumption, and others have been instrumental in creating an increase in infertility, in turn stimulating business expansion.
Major players in the market comprise AVA Clinic Scanfert, Nova IVI Fertility (NIF), Ovation Fertility, New Hope Fertility Center, Bangkok IVF Center, and others.
Some major trends driving surrogacy market size include:
Rising adoption of gestational surrogacy to propel industry demand
Given that commercial surrogacy is entirely banned in most of the countries, this has been instrumental in stimulating the growth of gestational surrogacy over the coming years. The gestational surrogacy segment is projected to grow at an appreciable rate of 24.8 per cent through the estimated period.
Increasing adoption of gestational technique by surrogacy professionals in addition to rising advancements in technology will influence gestational surrogacy market growth over the forecasted period. Legal and emotional complexities related to conventional surrogacy will propel the adoption of this methodology in turn impelling the market growth.
To access sample pages of this report titled, “Surrogacy Market Size By Type (Gestational Surrogacy, Traditional Surrogacy), By Technology (Intrauterine Insemination (IUI), In-vitro Fertilization (IVF) {Classical/Standard IVF, Intracytoplasmic Sperm Injection (ICSI)}, By Age Group (Under 35 Years, 35-37 Years, 38-39 Years, 40-42 Years, 43-44 Years, Over 44 Years), By Service Provider (Hospitals, Fertility Clinics), Industry Analysis Report, Regional, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/4469
Fertility centers segment to augment the market size
Rising healthcare expenditure owing to increasing disposable income will stimulate the growth of the service provider segment comprising hospitals, fertility clinics, and others. The increasing number of fertility specialists and centers coupled with surging awareness regarding infertility treatments will boost fertility centers segment growth.
The fertility centers market is estimated to reach a valuation of USD 17.7 billion through 2025.
38-39 years age group segment to depict a lucrative CAGR through the estimated period
38-39 years age group segment is touted to exhibit a commendable CAGR of 24.0 per cent over the assessment span. This surge is primarily attributed to the escalating number of women facing fertility issues resulting in difficulty in getting pregnant or sustaining pregnancy.
Easy availability of birth control measures and altering lifestyles are chiefly responsible for reduced fertility rates in developed countries, bolstering the expansion of surrogacy market in the near future.
Through the ensuing years, increasing adoption of various strategies for creating awareness about fertility treatments is likely to impel the global market outlook. Surging deployment of in-vitro fertilization services is further set to spur industry expansion through the projected period.
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