IMARC Group, a leading market research company, has recently releases report titled “Surrogacy Market Report by Type (Gestational Surrogacy, Traditional Surrogacy), Technology (IVF with ICSI, IVF without ICSI, Intrauterine Insemination), Service Provider (Hospitals, Fertility Clinics, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global surrogacy market report.
How Big Is the 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.
Factors Affecting the Growth of the Surrogacy Industry:
- Advancements in Reproductive Technology:
Innovations in reproductive technology, such as in vitro fertilization (IVF), are making surrogacy a viable option for individuals. These advancements have refined techniques for embryo transfer, embryo screening, and genetic testing, leading to higher success rates and safer pregnancies. Additionally, innovations like gestational surrogacy, where the surrogate carries an embryo not genetically related to her, expand the possibilities for intended parents, including same-sex couples and individuals with fertility issues. Furthermore, improvements in reproductive technologies assist in enhancing the efficiency and safety of surrogacy procedures, which is bolstering the market growth.
- Rising Acceptance of Surrogacy:
The growing demand for surrogacy due to the increasing acceptance and awareness among individuals about its role in family building is offering a positive market outlook. Media representation, celebrity endorsements, and personal stories play a crucial role in destigmatizing surrogacy and highlighting its benefits for intended parents facing infertility or other challenges. In addition, the rising adoption of surrogacy as a means of fulfilling parenthood dreams is supporting the growth of the market. Furthermore, surrogates undergo thorough medical and psychological screening to ensure they are physically and emotionally capable of carrying out pregnancy, reducing the risks associated with pregnancy complications.
- Legal Frameworks and Regulations:
Legal frameworks and regulations related to surrogacy across the globe are propelling the growth of the market. Favorable regulations, such as well-defined surrogacy laws, enforceable contracts, and supportive court systems, make these procedures more accessible and attractive among the masses. Legal reforms in several jurisdictions provide clearer guidelines and protections for surrogates, intended parents, and children born via surrogacy. Moreover, governing agencies of various countries are organizing campaigns to generate awareness among individuals about the wide availability of treatment options related to infertility issues, which is contributing to the market growth.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/surrogacy-market/requestsample
Leading Companies Operating in the Global Surrogacy Industry:
- 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
Surrogacy Market Report Segmentation:
By Type:
- Gestational Surrogacy
- Traditional Surrogacy
Gestational surrogacy represents the largest segment as it minimizes genetic ties between the surrogate and the child.
By Technology:
- IVF with ICSI
- IVF without ICSI
- Intrauterine Insemination
IVF with ICSI holds the biggest market share on account of their ability to address male infertility challenges.
By Service Provider:
- Hospitals
- Fertility Clinics
- Others
Fertility Clinics account for the largest market share due to the rising demand for personalized treatment plans among individuals.
Regional Insights:
- 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
North America enjoys a leading position in the surrogacy market, which can be attributed to favorable government initiatives.
Global Surrogacy Market Trends:
The increasing demand for surrogacy services due to changing lifestyles of individuals is propelling the growth of the market. People are facing infertility issues on account of various factors, such as delayed parenthood, career priorities, and lifestyle choices.
Apart from this, improvements in the success rates of surrogacy procedures assist in enhancing confidence among individuals across the globe. Furthermore, the wide availability and affordability of surrogacy services are impelling the growth of the market. The rising number of specialized infertility centers is supporting the market growth. Increasing preferences for high-quality services among individuals is bolstering the market growth.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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