Rise in the number of infertility cases across the world, increase in alcohol consumption leading to infertility issues, and surge in awareness regarding infertility treatment options fuel the growth of the global surrogacy market
PORTLAND, Ore., July 22, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Surrogacy Market by Type (Gestational Surrogacy and Traditional Surrogacy) and Technology (IVF with ICSI, IVF without ICSI, and IUI): Global Opportunity Analysis and Industry Forecast, 2016–2025." According to the report, the global surrogacy industry was estimated at $112.80 million in 2015, and is expected to hit $201.40 million by 2025, registering a CAGR of 6.1% from 2016 to 2025.
Get Detailed COVID-19 Impact Analysis, Download Sample Report at: https://www.alliedmarketresearch.com/request-for-customization/6945?reqfor=covid
Drivers, restraints, and opportunities-
Rise in the number of infertility cases across the world, increase in alcohol consumption leading to infertility issues, and surge in awareness regarding infertility treatment options fuel the growth of the global surrogacy market. On the other hand, impact of COVID-19 on the market and stringent regulations pertaining commercial surrogacy impede the growth to certain extent. However, rise in fertility tourism is expected to create multiple opportunities in the industry.
- Surrogacy procedures always require plannings with established teams of lawyers, medical experts, insurance providers, etc. Also, it requires added steps needed to draw up a plan for any new surrogacy cycle. The outbreak of the pandemic has created an overall unprecedented situation, thereby impacting the global market to a significant extent.
- Nevertheless, for surrogates who are already carrying and expecting deliveries soon have not been affected by the rules and dictums imposed by government bodies.
The gestational surrogacy segment to lead the trail by 2025-
Based on type, the gestational surrogacy segment contributed to 97% of the global surrogacy market revenue in 2015, and is expected to rule the roost by the end of 2025. The same segment would portray the fastest CAGR of 6.2% during the study period. This is due to the fact that gestational surrogacy has come out as the most widely performed type of surgery across the world.
The IVF with (ICSI) segment to maintain the lion's share-
Based on technique, the IVF with (ICSI) segment accounted for around three-fifths of the global surrogacy market share in 2015, and is anticipated to retain its top status till 2025. The same segment is also projected to manifest the fastest CAGR of 6.3% throughout the forecast period. This is because IVF with ICSI is the most widely performed and preferred technique for surrogacy.
North America to remain lucrative in terms of revenue-
Based on geography, North America held the largest share in 2015, holding nearly half of the global surrogacy market. The same region would also grow at the fastest CAGR of 6.4% by 2025. This is attributed to increase in infertility related issues among married couples in this region.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6945
Key players in the industry-
- Houston Fertility Center
- IVI RMA Global
- Clinic Scanfert
- Bourn Hall Fertility Clinic
- Ovation Fertility
- Growing Generations LLC.
- New Hope Fertility Center
- Extraordinary Conceptions
- Care Fertility Group
- NOVA IVI Fertility
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
SOURCE Allied Market Research