Press release
Surrogacy Market Outlook 2023-2028 | Industry Size, Share, Growth, Trends, Report Analysis
Surrogacy 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.
What is Surrogacy?
Surrogacy is a reproductive arrangement wherein a woman carries and delivers a child for the intended parents. It involves assisted reproductive technologies, such as in vitro fertilization (IVF). It also includes legal agreements outlining the rights and responsibilities of all parties involved, including the surrogate, intended parents, and donors. It requires medical supervision to monitor the health of the women during pregnancy and ensure the well-being of the unborn child. It is widely used by individuals with infertility, recurrent pregnancy loss, and genetic disorders. Besides this, it is also adopted by homosexual couples to have children to enjoy parenthood.
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Global Surrogacy Market Trends and Drivers:
The increasing number of couples facing challenges in conceiving naturally due to several factors, such as delayed childbearing, lifestyle changes, and medical conditions, represents one of the primary factors influencing the market positively. Additionally, the changing societal landscape and acceptance of diverse family structures are facilitating the market growth. Surrogacy is a widely accepted and accessible option for single parents, same-sex couples, and individuals who wish to have biological children. Moreover, continuous advancements in assisted reproductive technologies, particularly in vitro fertilization (IVF), are enhancing the success rates of surrogacy arrangements, further propelling the market growth. Furthermore, the globalization of surrogacy is another significant factor offering a favorable market outlook. Intended parents are increasingly exploring international surrogacy options in countries with more permissive regulations and lower costs. Along with this, the expansion of fertility clinics and agencies dedicated to managing surrogacy arrangements is strengthening the growth of the market. These agencies provide a one-stop solution, offering services that include matching intended parents with suitable surrogates, legal guidance, and medical support. Besides this, the rising utilization of gestational surrogacy to eliminate legal and emotional complexities related to traditional procedures is favoring the market growth. Moreover, the governing authorities and regulatory bodies of several countries are introducing clear and ethical guidelines for surrogacy, which is expected to propel the market growth.
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 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
Speak to Analyst:- https://www.imarcgroup.com/request?type=report&id=5298&flag=C
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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Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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