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 2024-2032.” The study provides a detailed analysis of the industry, including the global surrogacy market report, size, share, 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 involves an ongoing reproductive arrangement where a woman carries and delivers a child for the intended parents. The process utilizes assisted reproductive technologies, mainly in vitro fertilization (IVF), and involves legal agreements that carefully outline the rights and responsibilities of all parties, including the surrogate, intended parents, and donors. Continuous medical supervision is provided to monitor the pregnant woman's health and ensure the well-being of the unborn child. Currently, surrogacy is widely used by individuals dealing with infertility, recurrent pregnancy loss, and genetic disorders. It is also embraced by homosexual couples on their journey to parenthood, allowing them to experience the joys of raising children. This evolving field of assisted reproduction significantly contributes to fulfilling various family-building dreams and expanding parenting opportunities.
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Global Surrogacy Market Trends and Drivers:
The surrogacy market is currently on a robust growth trajectory, propelled by various factors. A significant driver is the increasing number of couples encountering difficulties in conceiving naturally, stemming from factors such as delayed childbearing, lifestyle changes, and underlying medical conditions. The changing societal landscape and the growing acceptance of diverse family structures also contribute to the market's positive momentum. Surrogacy has evolved into a widely accepted and accessible option for single parents, same-sex couples, and individuals desiring biological children. Advances in assisted reproductive technologies, especially in vitro fertilization (IVF), are boosting success rates in surrogacy arrangements, playing a pivotal role in market growth. The globalization of surrogacy further enhances the market outlook, as intended parents explore international options in countries with more permissive regulations and lower costs. The expansion of fertility clinics and agencies specializing in surrogacy management adds to market growth, providing comprehensive solutions such as matching intended parents with suitable surrogates, legal guidance, and medical support. The popularity of gestational surrogacy, eliminating legal and emotional complexities associated with traditional procedures, contributes to market expansion. Moreover, governing authorities and regulatory bodies in various countries are introducing clear and ethical guidelines for surrogacy, fostering a favorable environment for market 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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