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Global Surrogacy Market Projected to Grow at 17.9% CAGR, Reaching $37.5 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsWhat Will the Surrogacy Industry Market Size Be by 2025?
In recent times, the market size of surrogacy has exponentially expanded. It is projected to rise from $16.01 billion in 2024 to a substantial $19.42 billion in 2025, indicating a compound annual growth rate (CAGR) of 21.3%. The significant growth witnessed in the previous period is due to factors such as an increase in infertility instances, the prevalence of gestational surrogacy, expansion of the regional market, adoption by different age groups, and the impacts of legal and regulatory structures.
What's the Long-Term Growth Forecast for the Surrogacy Market Size Through 2029?
The market size for surrogacy is anticipated to experience fast-paced expansion in the coming years. The prediction shows an upsurge to $37.5 billion in 2029, with a compound annual growth rate (CAGR) of 17.9%. The projected growth during this period is attributable to the shifts in societal views, partnerships and collaborations, advances in reproductive tech, ethical and legal intricacies and post-pandemic recovery. The principal trends during this forecast period comprise of improvements in the medical field, respect towards cultural diversity, technological progress, variations in family structures and enhancements in genetic examination.
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What Are the Key Growth Drivers Fueling the Surrogacy Market Expansion?
The surge in infertility rates is anticipated to fuel the expansion of the surrogacy market in the future. Infertility is characterized as an inability to conceive after a year or more of regular, unprotected sexual activity. Surrogacy offers a solution for those individuals or couples who are unable to naturally conceive or bring a pregnancy to full term. For instance, in April 2023, the World Health Organization, a Switzerland-based international organization, reported that almost 17.5% of adults worldwide, or approximately 1 in 6 individuals, are facing infertility. This highlights the urgent need to improve access to affordable, high-quality fertility treatment for those in need. Consequently, the rising rates of infertility are fuelling the growth of the surrogacy market.
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What Are the Key Trends Driving Surrogacy Market Growth?
Key players in the surrogacy market, such as surrogacy.com, are focusing their efforts on the creation of innovative offerings that can effectively aid surrogates and their families throughout all phases of the surrogacy process. Surrogacy.com serves as a community and platform for potential surrogates, active surrogates, and their supports, supplying essential resources and support for individuals engaged in surrogacy. For instance, Northstar Fertility, an American egg donor and fertility service establishment, introduced surrogacy.com in November 2023. This platform was conceived by actual surrogates to provide insights from their personal experience and honesty. Furthermore, it offers a connection with the necessary community and tools for a successful surrogacy journey.
How Is the Surrogacy Market Segmented?
The surrogacy market covered in this report is segmented -
1) By Type: Gestational Surrogacy, Traditional Surrogacy
2) By Technology: In Vitro Fertilization (IVF) With Intracytoplasmic Sperm Injection (ICSI), In Vitro Fertilization (IVF) Without Intracytoplasmic Sperm Injection (ICSI), Intrauterine Insemination
3) By Application: Fertility Clinics, Surrogacy Agencies, Surrogacy Lawyers
Subsegments:
1) By Gestational Surrogacy: IVF-Based Gestational Surrogacy, Egg Donor Involvement
2) By Traditional Surrogacy: Direct Insemination, Use Of Intended Father's Sperm
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Which Companies Are Leading the Charge in Surrogacy Market Innovation?
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
Which Regions Are Leading the Global Surrogacy Market in Revenue?
North America was the largest region in the surrogacy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surrogacy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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