Report ID: SQMIG35A2531
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.
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Report ID: SQMIG35A2531