According to the 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 (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’, available at MarketStudyReport.com, the global surrogacy market is expected to cross USD 27.5 billion by the year 2025.
 

According to the report, increasing number of people suffering from infertility disorders is a major factor driving the surrogacy market growth. Rising infertility rate due to steroid use, alcohol consumption, high stress levels, and hormonal changes is also aiding the expansion of the market.
 

There has been an increase in awareness regarding the treatments available for infertility disorders. This factor in tandem with surging number of fertility clinics, and advancements in reproductive technology are stimulating the industry outlook. However, strict government policies regarding surrogacy and high operating costs are hindering the growth of the market.
 

As per type, the report cites that gestational surrogacy market segment held the largest share in 2018 and is expected to expand with 24.8% CAGR during 2019-2025. The growth is attributed to technological advancements and rising adoption of gestational techniques by surrogacy experts. Legal and emotional complexities pertaining to traditional surrogacy has fueled the inclination towards the gestational surrogacy techniques, which in turn is facilitating the business scenario.
 

In terms of technology, in-vitro fertilization segment held 60% revenue share of surrogacy market in 2018. Rising number of cases regarding infertility, along with increasing utilization of in-vitro fertilization services are fueling the growth of the segment. Moreover, growing inclination towards egg-freezing techniques among women is also contributing towards the popularity of in-vitro fertilization technology across the globe.
 

Based on age group, the report states that 38-39 years age segment is predicted to expand with a CAGR of 24% through the year 2025, as women in this age group are most likely to encounter infertility issues such as getter pregnant or sustaining pregnancy.
 

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Speaking of service provider, fertility centers segment is expected to amass USD 17.7 billion by the year 2025, owing to rising awareness regarding infertility treatments and growing number of fertility specialists. Rising per capita income, in consort with surging expenditure on healthcare are augmenting the demand for fertility centers across the globe, thereby driving the surrogacy market.
 

Morpheus Life Sciences Pvt. Ltd., Circle Surrogacy, Growing Generations, LLC, Max Healthcare, Cardone & Associates Reproductive Medicine & Infertility, LLC, Extraordinary Conceptions, Bangkok IVF Center, Ovation Fertility, Nova IVI Fertility, Bourn Hall Fertility Clinic, Scanfert AVA Clinic, IVI-RMA Global, and New Hope Fertility Center are the prominent companies operating in the surrogacy market.