USD 12.97 billion
Report ID:
SQMIG35A2531 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
80
Surrogacy Market size was valued at USD 15.76 Billion in 2023 and is poised to grow from USD 19.14 Billion in 2024 to USD 90.65 Billion by 2032, growing at a CAGR of 21.46% during the forecast period (2025-2032).
The global surrogacy market has been experiencing notable growth driven by various factors such as increasing infertility rates, advancements in assisted reproductive technologies (ART), changing societal norms, and a growing acceptance of non-traditional family structures. Surrogacy, a method of assisted reproduction in which a woman carries and delivers a child for another individual or couple, has gained popularity worldwide as a viable option for individuals and couples facing challenges with conception or pregnancy.
The market encompasses a wide range of services including gestational surrogacy, traditional surrogacy, legal and medical consultations, fertility treatments, and post-surrogacy support services. Key players in the surrogacy industry include surrogacy agencies, fertility clinics, legal firms specializing in reproductive law, and healthcare professionals.
However, the surrogacy market is not without challenges. Ethical concerns, legal complexities, disparities in access to surrogacy services, and regulatory uncertainties pose hurdles to market growth and adoption. Issues related to the exploitation of surrogate mothers, lack of standardized regulations across different jurisdictions, and cultural stigmas surrounding surrogacy continue to be areas of debate and contention.
Looking ahead, the global surrogacy market is expected to continue its upward trajectory, driven by factors such as increasing awareness and acceptance of surrogacy as a reproductive option, advancements in ART techniques, and the growing demand for alternative family-building options.
However, addressing ethical, legal, and regulatory challenges will be crucial for ensuring the sustainable growth and ethical practice of surrogacy worldwide. Additionally, efforts to standardize regulations, improve access to surrogacy services, and promote transparency and accountability within the industry will play a vital role in shaping the future landscape of the global surrogacy market.
Global Market Size
USD 12.97 billion
Largest Segment
Gestational surrogacy
Fastest Growth
Traditional surrogacy
Growth Rate
21.46% CAGR
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The global surrogacy market is segmented on the basis of Type, Technology and region. By Type, the market is segmented into Gestational surrogacy, Traditional surrogacy. By Technology, the market is segmented into IVF with ICSI, IUI, IVF without ICSI. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
In the global surrogacy market, the gestational surrogacy segment is leading in terms of type segmentation. In this kind of surrogacy, an embryo is implanted into the uterus of the surrogate mother; the child is not linked to the surrogate biologically. Compared to traditional surrogacy, this procedure has less ethical and legal complexity, which has led to its broad acceptability. Since there are no potential emotional or legal ramifications from the surrogate's genetic relationship to the child, gestational surrogacy is frequently chosen.
However, the surrogacy market is expanding at the quickest rate in the traditional surrogacy category worldwide. This kind of surrogacy involves the surrogate mother using her own egg for fertilization, so she is biologically connected to the kid she bears. Reproductive technology developments and shifting social norms have fueled the growth of conventional surrogacy, despite the fact that it has historically faced greater ethical and legal obstacles. When faced with infertility issues or want a genetic connection to the kid, some individuals or couples choose traditional surrogacy.
Analysis By Technology
Intracytoplasmic Sperm Injection (ICSI) combined with In Vitro Fertilization (IVF) is the dominating technology in the global surrogacy market. When traditional IVF techniques may not be successful, IVF with ICSI entails injecting a single sperm directly into an egg to fertilize it. This method has shown to be quite helpful in situations of male infertility. This method is now widely accepted and frequently chosen by couples who are having trouble conceiving. Its capacity to treat a range of infertility conditions and its consistently high success rates have made it a dominating category.
On the other side, IVF without ICSI is the surrogacy market sector that is expanding the quickest in the overall market. The typical IVF process, in which many sperm are positioned around an egg in a lab dish and allowed to naturally fertilize, is used in IVF without ICSI. As a result of better success rates and advances in IVF procedures, this industry is growing quickly. In comparison to IVF with ICSI, it is thought to be a less invasive and more affordable approach that appeals to a wider spectrum of patients.
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Regionally, the leading position in the global surrogacy market is held by North America, especially the US. There are a number of factors that influence this dominance, including a sizable pool of prospective surrogates, cutting-edge medical facilities, developed legal frameworks that safeguard the rights of to-be-parents and surrogates, and a generally positive perception of using surrogacy to start a family. Intended parents around the world looking for prospective surrogates or surrogacy arrangements have depicted a preference for the United States in particular.
Asia-Pacific is the fastest growing region, thanks to the exponential growth of the global surrogacy market in countries like Thailand and India. India used to be a popular choice for overseas surrogates due to having a high number of qualified medical specialists and its low costs. However, due to changes in law over time have forbidden commercial surrogacy in several states. Nevertheless, countries like Thailand, Cambodia, and Nepal are capable of furthering market demand in this region.
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Drivers
Growing Acceptance of Assisted Reproductive Technologies (ART):
International Surrogacy Tourism:
Restraints
Legal and Ethical Challenges:
High Costs and Financial Barriers:
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The competitive environment of the global surrogacy market is made up of a number of participants, including fertility clinics, reproductive law-focused law firms, and surrogacy companies. Industry leaders such as Surrogacy UK, Circle Surrogacy, and Growing Generations retain their market share due to their complete surrogacy services that pair qualified surrogates to intended parents and overlook the whole procedure. Fertility clinics, like CCRM Fertility and the Sher Institutes for Reproductive Medicine, that specialize in reproductive services are also driving competition among themselves and in the market. These clinics provide assisted reproductive technology and medical support throughout the surrogacy process. Legal firms that specialize in reproductive and surrogacy law, like the American Academy of Assisted Reproductive Technology Attorneys, perform important tasks on the legal side of the process, like maintaining adequate paperwork and negotiating legal intricacies. The differing cultural perceptions and shifting laws about surrogacy in separate areas also influence the competitive landscape. The key players of the market need to focus on adjusting and developing products that are aligned with the demand in order to satisfy evolving requirements of both parties in the process while targeting legal and moral compliance.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Our analysis of the global surrogacy market shows that the industry has grown and changed significantly in recent years, reflecting societal attitudes, medical technological developments, and demographic shifts. Around the world, surrogacy—a kind of assisted reproduction in which a woman bears and gives birth to a child on behalf of another person or couple—has grown in recognition and popularity. Some of the major factors propelling the market's expansion are the rising number of same-sex couples pursuing parenthood, the growing acceptance of varied family configurations, and the increasing frequency of infertility problems. Furthermore, improvements in safety and success rates in surrogacy and reproductive medicine have fueled industry expansion. Globalization has also had a big impact; as people and couples look overseas for more accessible and affordable solutions, international surrogacy is growing more popular. Nonetheless, this has brought up moral, legal, and regulatory issues, calling for precise regulations to safeguard intended parents' and surrogates' rights. With regard to travel restrictions and constraints on the healthcare system, the COVID-19 pandemic temporarily interrupted the surrogacy business. However, as pandemic subsidies and regulatory frameworks continue to change, it is anticipated that the surrogacy market globally will expand as a feasible option for people and couples looking to have kids. The area at the confluence of ethics, law, and healthcare is still dynamic and complex.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 12.97 billion |
Market size value in 2031 | USD 74.63 billion |
Growth Rate | 21.46% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Surrogacy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Surrogacy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Surrogacy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Surrogacy Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2531
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