Surrogacy Market: Trends, Growth Projections, and Competitive Landscape Analysis in Assisted Reproduction Services

The surrogacy market size has grown exponentially in recent years. It will grow from $13.21 billion in 2023 to $16.01 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to increasing infertility cases, gestational surrogacy dominance, regional market growth, age group adoption, legal and regulatory frameworks.

The surrogacy market size is expected to see rapid growth in the next few years. It will grow to $32.03 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. The growth in the forecast period can be attributed to changing social perceptions, partnerships and collaborations, reproductive technology advancements, ethical and legal complexities, recovery post-pandemic.. Major trends in the forecast period include advancements in medical technology, cultural sensitivity, technological advancements, diversity in family structures, advancements in genetic testing.

Market Overview -
Surrogacy is a reproductive arrangement in which a woman, known as the surrogate mother, carries and delivers a child on behalf of another person or couple. It is an essential method of assisted reproductive technology, providing a viable option for individuals or couples who are unable to conceive naturally or carry a pregnancy to term.

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Surrogacy Market Growth Fueled by Rising Infertility Rates and the Need for Alternative Pregnancy Solutions
The increasing infertility rates are expected to propel the growth of the surrogacy market going forward. Infertility is defined as the failure to achieve a pregnancy after 12 months or more of regular, unprotected sexual intercourse. Surrogacy provides an alternative to traditional pregnancy for individuals or couples who cannot conceive naturally or carry a pregnancy to term. For instance, according to the World Health Organization, a Switzerland-based intergovernmental organization, approximately 17.5% of adults globally, or about 1 in 6 individuals, encounter infertility, underscoring the pressing requirement to enhance accessibility to affordable and top-notch fertility care for those requiring assistance. Therefore, the increasing infertility rates are driving the growth of the surrogacy market.

Competitive Landscape -
Major companies operating in the surrogacy market report are NMC Health PLC, Care Fertility Group, Nova IVI Fertility, IVIRMA, Houston Fertility Center, Circle Surrogacy, Ovation Fertility, ConceiveAbilities, Oasis Center, New Hope Fertility Center, Growing Generations, Family Creations, Bourn Hall Clinic, AVA Clinic Scanfert, Clinic Scanfert, Extraordinary Conceptions, Surrogate Solutions, Simple Surrogacy, Gift of Life Surrogacy Agency, ART Reproductive Center, Conceptual Options, New Life Global Network, Reproductive Possibilities, Surrogacy America, Surrogacy Center India

Innovative Solutions With Surrogacy.com To Revolutionizes Support And Resources For Surrogates
Major companies operating in the surrogacy market are focused on developing innovative products, such as surrogacy.com, to assist surrogates and their families in successfully navigating each stage of the surrogacy journey. Surrogacy.com is a community and platform for future surrogates, surrogates, and advocates, providing support and resources for those involved in surrogacy. For instance, in November 2023, Northstar Fertility, a US-based egg donor and fertility service provider, launched surrogacy.com, which was created by surrogates. It provides experienced surrogates with their first-hand knowledge and candor and connects them with the community and tools they need to navigate the surrogacy process successfully.

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Key Segments -

The surrogacy market covered in this report is segmented -

1) By Type: Gestational Surrogacy, Traditional Surrogacy
2) By Technology: In Vitro Fertilisation (IVF) With Intracytoplasmic Sperm Injection (ICSI), In Vitro Fertilisation (IVF) Without Intracytoplasmic Sperm Injection (ICSI), Intrauterine Insemination
3) By Application: Fertility Clinics, Surrogacy Agencies, Surrogacy Lawyers

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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