Global Surrogacy Market Overview 2024-2032
IMARC Group, a leading market research company, has recently releases report titled “Surrogacy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global surrogacy market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global surrogacy market size reached US$ 183.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 306.9 Million by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.
Surrogacy is an ongoing reproductive arrangement in which a woman is presently carrying and delivering a child for the intended parents. This process involves the use of assisted reproductive technologies, primarily in vitro fertilization (IVF). At the same time, it involves the establishment of legal agreements that meticulously delineate the rights and responsibilities of all parties involved, including the surrogate, intended parents, and donors. Essential medical supervision is currently being provided to vigilantly monitor the health of the pregnant women and ensure the well-being of the unborn child. Currently, surrogacy is being widely utilized by individuals dealing with infertility, recurrent pregnancy loss, and genetic disorders. Moreover, it is actively being embraced by homosexual couples who are embarking on their journey to parenthood, thereby enabling them to enjoy the experience of raising children. This evolving field of assisted reproduction is presently making a significant contribution to the fulfillment of various family-building dreams and the expansion of parenting opportunities.
Global Surrogacy Market Trends and Drivers:
The surrogacy market is currently undergoing significant expansion, driven by multiple factors. One of the key drivers is the rising number of couples who are currently experiencing challenges in conceiving naturally. This trend can be attributed to various factors such as delayed childbearing, lifestyle changes, and underlying medical conditions. Moreover, the evolving societal landscape and the growing acceptance of diverse family structures are also playing a role in boosting the market’s positive momentum. Surrogacy has gained wide acceptance and accessibility for single parents, same-sex couples, and individuals seeking to have biological children. The market is benefitting from ongoing advancements in assisted reproductive technologies, especially in vitro fertilization (IVF), which are leading to higher success rates in surrogacy arrangements. These technological improvements are significantly contributing to market growth. In addition, the globalization of surrogacy is creating a favorable market outlook. Intended parents are increasingly exploring international surrogacy options in countries with more permissive regulations and lower costs. Furthermore, the expansion of fertility clinics and agencies that specialize in managing surrogacy arrangements is further bolstering market growth. These agencies provide comprehensive solutions, including matching intended parents with suitable surrogates, offering legal guidance, and providing medical support. Gestational surrogacy, which eliminates legal and emotional complexities associated with traditional procedures, is gaining popularity and favoring market growth. Additionally, governing authorities and regulatory bodies in various countries are introducing clear and ethical guidelines for surrogacy, further contributing to the market’s growth.
Global Surrogacy Market 2024-2032 Analysis and Segmentation:
Top Key Players covered in this report are: Bourn Hall Clinic, CARE Fertility, Circle Surrogacy & Egg Donation, Extraordinary Conceptions, Growing Generations LLC, Houston Fertility Center, IVIRMA Global, Max Healthcare, New Hope Fertility Center, Nova IVF, Ovation Fertility, Scanfert Clinic etc.
The report segmented the market on the basis of region, type, technology and service provider.
Breakup by Type:
- Gestational Surrogacy
- Traditional Surrogacy
Breakup by Technology:
- IVF with ICSI
- IVF without ICSI
- Intrauterine Insemination
Breakup by Service Provider:
- Hospitals
- Fertility Clinics
- Others
Breakup By Regions:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024- 2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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