According to the recent research 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 (Below 35 Years, 35-37 Years, 38 - 39 Years, 40-42 Years, 43-44 Years, Over 44 Years), By Service Provider (Hospitals, Fertility Clinics), COVID19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global surrogacy market is expected to record considerable growth over 2021-2027.
 

Increasing number of fertility clinics, growing infertility cases, along with rising cognizance regarding availability of infertility treatment options are fueling global surrogacy market growth. Growing pervasiveness of causative factors like increasing intake of alcohol, hormonal changes, and others are leading to infertility issues, further adding to the industry progression.
 

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For the unversed, surrogacy is a type of pregnancy in which a woman bears and delivers a baby for a couple who is unable to conceive children on their own. This is a viable option for those who want to have children but are unable to do so owing to medical issues, such as infertility caused by anticancer treatments such as chemotherapy or radiation therapy.
 

Speaking of challenges, hefty cost involved in surrogacy procedure, and strict norms related to commercial surrogacy are likely to act as major challenges for businesses in the domain.
 

Elaborating on type, global surrogacy market share from traditional surrogacy segment is expected to record 26% CAGR over the study period. Traditional surrogacy allows couples to have children, especially when female infertility is a problem. The surrogate contributes her own eggs and carries the pregnancy for an individual or the couple. IUI technique with donated sperm or sperm from the intended father is frequently used to achieve conception.
 

With respect to technology, IUI (intrauterine insemination) segment accounted for 19% industry share in 2020 and is anticipated to amplify through 2027, as it is an affordable option as compared to IVF (in-vitro fertilization).
 

As per age group, below 35 years segment is predicted to grow substantially over 2021-2027, creditable to better likelihood of childbearing at young age and high fertility rate.
 

Based on service provider, fertility clinics segment held 60% of worldwide surrogacy industry share in 2020 and is projected to depict a similar trend in the upcoming years. Supportive regulatory changes attracting investments, and increasing number of fertility clinics in emerging nations are driving the segmental expansion.
 

Considering geographical front, Europe market amassed USD 1.5 billion in 2020 and is expected to expand further through 2027. Rising medical tourism and cost-effective healthcare are responsible for customer inclination for leveraging surrogacy services in Europe.
 

Major contenders impacting global surrogacy market dynamics are Max Healthcare Institute Ltd., Extraordinary Conceptions, Ovation Fertility, Nova IVF Fertility, New Hope Fertility Center, Morpheus Life Sciences Pvt. Ltd., IVIRMA Global, Growing Generations LLC, Scanfert Clinic, and Bourn Hall Clinic among others.