Global Surrogacy Market Overview 2023-2028
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 industry 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$ 172.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 245.9 Million by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.
Surrogacy is a reproductive arrangement in which a surrogate carries a pregnancy to term and gives birth to children on behalf of intended parents or individuals who cannot conceive or carry a pregnancy themselves. It involves complex legal contracts and agreements to ensure the legal rights and responsibilities of all parties, including the surrogate, intended parents, and the child. It relies on the in-vitro fertilization (IVF) process, which includes egg retrieval, embryo creation, and implantation, requiring medical expertise and precision. It can be categorized into traditional surrogacy, gestational surrogacy, and altruistic surrogacy, which involves a surrogate who carries the child without receiving financial compensation beyond medical and related expenses. It empowers same-sex couples and individuals to have biological children, promoting equality in family building. Surrogacy complements assisted reproductive technologies (ART), driving advancements in IVF and genetic screening.
Global Surrogacy Market Trends and Drivers:
At present, the increasing demand for surrogacy, as it offers a viable option to couples or individuals who struggle with infertility due to medical issues, such as uterine problems, recurrent pregnancy loss, or low sperm count, represents one of the crucial factors impelling the growth of the market. Besides this, the rising adoption of surrogacy among women with medical conditions that make pregnancy dangerous or impossible, like severe heart disease or a history of uterine cancer, is propelling the growth of the market. In addition, the growing improvements in legal frameworks and regulations associated with surrogacy for protecting the rights and health of surrogates and ensuring the informed consent of all parties involved is offering a favorable market outlook. Apart from this, the increasing occurrence of polycystic ovarian syndrome (PCOS) among women, causing infertility and various other health complications, is supporting the growth of the market. Additionally, the rising destigmatization and acceptance of surrogacy as a legitimate family-building option among the masses is strengthening the growth of the market. Moreover, the increasing introduction of surrogacy insurance policies and financial packages designed to alleviate the financial burdens associated with surrogacy arrangements is bolstering the growth of the market.
Global Surrogacy Market 2023-2028 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 Region:
- 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 (2017-2022)
- Market Outlook (2023- 2028)
- 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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