Surrogacy Market Size to Surpass US$ 306.9 Million by 2032, exhibiting a CAGR of 5.8% | IMARC Group

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 share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Global Surrogacy 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.

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What is Surrogacy?

Surrogacy is the practice of a woman carrying and giving birth to a child on behalf of another individual or couple facing fertility challenges or medical conditions that prevent pregnancy. It involves a formal, legally binding contract that outlines the rights, responsibilities, and expectations of all individuals involved. It requires thorough medical assessments of the surrogate mother and involves fertility treatments, such as in vitro fertilization (IVF). It often fosters a close emotional bond between the surrogate and intended parents. It allows individuals and couples to experience the joy of parenthood, fulfilling their lifelong dreams. It is widely adopted by individuals with infertility, recurrent pregnancy loss, and genetic disorders. Besides this, it is also opted by homosexual couples to enjoy parenthood.

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, career aspirations, and medical conditions, represents one of the key factors favoring the market growth. Additionally, the rising acceptance and awareness of assisted reproductive technologies are offering a favorable market outlook. Apart from this, continuous advancements in medical technology are improving the success rates of surrogacy procedures. Furthermore, innovations in IVF techniques, preimplantation genetic testing (PGT), and embryo screening are enhancing the success rate of pregnancy through surrogacy. Furthermore, the establishment of clear and supportive regulatory frameworks in some regions is strengthening the growth of the market.

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Moreover, several high-profile celebrities and public figures are openly sharing their surrogacy experiences, which is stimulating the market growth. Their endorsements and openness about their surrogacy journeys are destigmatizing the practice and encouraging more people to consider surrogacy as a viable option. Besides this, the emergence of online communities and support groups for intended parents and surrogates is fostering a sense of belonging and shared experiences. These communities provide valuable emotional support, information sharing, and guidance, making surrogacy more accessible and less daunting for newcomers. In addition, the inclusion of coverage for surrogacy-related expenses, such as medical procedures and surrogate compensation in some regions, is facilitating the market growth. This financial support encourages more individuals and couples to explore surrogacy for family building.

Furthermore, continuous advancements in digital communication and information dissemination are making it easier for individuals and couples to access resources and information about surrogacy. Educational websites, blogs, and reputable surrogacy agencies offer detailed guidance on the surrogacy process, making it more transparent and understandable. Moreover, the growing awareness among the masses about ethical concerns in surrogacy is driving the adoption of responsible practices within the industry. This includes ensuring surrogates are treated fairly, receive proper compensation, and have access to comprehensive medical and psychological support.

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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This release was published on openPR.