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Surrogacy Market Size, Share, Growth & Industry Report Analysis 2032

12-11-2024 01:15 PM CET | Health & Medicine

Press release from: Expert Market Research

Surrogacy Market Size, Share, Growth & Industry Report Analysis

Surrogacy Market Overview

The surrogacy market is a rapidly growing sector within the global fertility industry, driven by increasing infertility rates, advancements in medical technology, and changing societal norms. Surrogacy involves a woman (the surrogate) carrying and delivering a child for intended parents, often due to infertility or medical conditions that prevent them from conceiving. The market is expanding due to growing demand for alternative reproductive options, particularly in developed countries, and the rising acceptance of surrogacy as a viable option for family building. The global surrogacy market is poised for significant growth, driven by these factors.

Surrogacy Market Size

In 2023, the global surrogacy market was valued at approximately USD 81.5 billion. The market is expected to grow at a robust compound annual growth rate (CAGR) of 24.3% from 2024 to 2032, reaching an estimated USD 577.8 billion by 2032. This impressive growth is attributed to the rising prevalence of infertility, improved healthcare infrastructure, and advances in assisted reproductive technologies (ART). As surrogacy becomes increasingly accessible and accepted worldwide, its market size is set to expand significantly in the coming years.

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Surrogacy Market Share

The surrogacy market is highly fragmented, with various players involved in the provision of fertility treatments, surrogacy services, and legal assistance. North America holds a significant share of the global market, followed by Europe, which has experienced a growing acceptance of surrogacy as an alternative reproductive solution. Asia-Pacific has also emerged as a promising region, particularly in countries such as India, where surrogacy is an established practice due to lower costs and supportive legal frameworks. The market share dynamics continue to evolve as legal regulations, social acceptance, and affordability drive demand for surrogacy services.

Surrogacy Market Trends

Several key trends are shaping the surrogacy market, including:

Technological Advancements: The rise of advanced reproductive technologies, such as IVF, genetic screening, and embryo freezing, has made surrogacy more accessible and effective.

Globalization: Cross-border surrogacy is becoming more common, with individuals seeking services in countries with more favorable laws and lower costs.

Legal and Ethical Reforms: Governments worldwide are increasingly revising surrogacy laws to ensure ethical practices, focusing on the protection of surrogate mothers and intended parents.

Increasing Social Acceptance: Surrogacy is gaining wider social acceptance, particularly among same-sex couples, single parents, and those struggling with infertility.

Rising Demand in Emerging Markets: As awareness grows, demand for surrogacy services is on the rise in emerging markets, particularly in countries like India, Thailand, and Ukraine.

Surrogacy Market Analysis

The surrogacy market's growth is primarily driven by increased infertility rates globally, combined with the growing acceptance of assisted reproductive technologies (ART). Infertility is becoming more common due to various factors, such as delayed childbirth, unhealthy lifestyle choices, and medical conditions, which have resulted in higher demand for surrogacy services. Additionally, medical advancements in IVF and embryo screening have enhanced the chances of successful surrogacy, fueling demand. Cost-effective solutions in countries like India and Ukraine have also contributed to the rise in cross-border surrogacy. Furthermore, the demand for surrogacy has been steadily increasing among same-sex couples and single individuals seeking biological connections to their children. This shift toward inclusivity is driving the market's expansion. The future of the surrogacy market looks promising, with a substantial increase in market size expected by 2032, as both the medical and societal landscape continues to evolve.

Surrogacy Market Segmentation

By Type of Surrogacy

Traditional Surrogacy: Involves a surrogate mother who is genetically related to the child, as her egg is used in the conception.

Gestational Surrogacy: The most common form, where the surrogate carries a child conceived through IVF using the egg and sperm of the intended parents or donors.

By End-User

Individuals: Includes single men and women, same-sex couples, and heterosexual couples facing infertility.

Fertility Clinics: Clinics that provide in vitro fertilization (IVF), embryo transfer, and other fertility services in conjunction with surrogacy arrangements.

Surrogacy Agencies: Agencies that facilitate the entire surrogacy process, from matching surrogates to intended parents, managing legalities, and overseeing medical procedures.

By Region

North America: Includes the U.S., Canada, where surrogacy laws are more regulated and services are high in demand.

Europe: Markets such as the UK, Greece, and Ukraine have seen a rise in demand due to favorable legal conditions.

Asia-Pacific: India and Thailand, traditionally popular for affordable surrogacy, remain strong markets despite evolving legal landscapes.

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Surrogacy Market Growth

The surrogacy market is anticipated to experience rapid growth in the coming years, driven by increasing awareness and demand for fertility treatments. The global rise in infertility rates, particularly in developed nations, is one of the primary growth drivers. Advances in ART, including IVF and genetic screening, have significantly improved the success rates of surrogacy procedures, further boosting market demand. Additionally, the growing acceptance of surrogacy as a family-building option among diverse groups, including LGBTQ+ individuals and single parents, has expanded the market's reach. Increased legalization and regulation of surrogacy services worldwide are also contributing to the market's expansion, creating a more structured environment that instills confidence in intended parents.

Recent Developments and Challenges in the Surrogacy Market

Recent developments in the surrogacy market include:

Technological Innovations: Continuous advancements in IVF, embryo freezing, and genetic screening have enhanced the success rates of surrogacy, making it a more viable option for intended parents.

Increased Regulation: Several countries have introduced or updated their surrogacy laws to ensure the protection of both surrogates and intended parents. This includes frameworks to safeguard against exploitation and ensure ethical practices.

International Surrogacy Trends: Cross-border surrogacy has gained traction, especially in countries with favorable surrogacy laws, such as Ukraine and India. This trend has raised questions regarding legal issues, including citizenship and parental rights, in cases where surrogacy takes place across national borders.

However, the surrogacy market faces several challenges, such as:

Legal Complications: The legal landscape for surrogacy varies widely between countries, leading to challenges for international surrogacy arrangements.

Ethical Concerns: Surrogacy continues to raise ethical issues, particularly regarding the rights of surrogate mothers and the commercialization of childbirth.

Cost Barriers: Despite the rising demand, surrogacy remains expensive, particularly in countries with highly regulated systems, making it inaccessible for some intended parents.

Psychological Impacts: Emotional and psychological challenges faced by both surrogates and intended parents remain a concern, particularly in traditional surrogacy arrangements.

Key Players in the Surrogacy Market

New Hope Fertility Clinic: A leading fertility clinic known for providing high success rates in surrogacy procedures and advanced IVF technologies.

Houston Fertility Center: A top fertility clinic offering comprehensive surrogacy services, specializing in IVF and egg donation.

Ovation Fertility: A network of fertility centers providing a range of fertility treatments, including surrogacy services.

Extraordinary Conceptions: A prominent surrogacy agency in the U.S., offering a variety of reproductive services to international and domestic clients.

CARE Fertility: A network of clinics offering fertility treatments, including surrogacy arrangements, with an emphasis on personalized care.

Growing Generations, LLC: A full-service surrogacy agency known for providing high-quality services to clients globally.

IVI RMA GLOBAL: A leading fertility service provider with a global presence, offering surrogacy as part of its comprehensive fertility treatments.

CLINIC SCANFERT: A renowned fertility clinic offering specialized surrogacy services in various regions.

BOURN HALL FERTILITY CLINIC: A well-established clinic in the U.K., known for its expertise in IVF and surrogacy.

NOVA IVI FERTILITY: A global network of fertility clinics offering surrogacy services, with a strong presence in emerging markets.

Associates Reproductive Medicine & Infertility: A fertility clinic specializing in surrogacy and other assisted reproductive technologies.

Cardone: A fertility clinic offering surrogacy services, focused on ensuring the well-being of both surrogates and intended parents.

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