Surrogacy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Surrogacy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global surrogacy market size reached US$ 172.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 245.9 Million by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

Surrogacy refers to an arrangement wherein a surrogate agrees to carry and give birth to a child for another person or couple. It offers parenthood to an individual, members of the LGBT community and people struggling with infertility or other medical conditions, thereby enabling one or both parents to maintain a biological relationship with the child. At present, due to the growing cases of infertility on account of reduced sperm count or problems in egg or sperm production worldwide, there is a rise in the demand for surrogacy worldwide.

Surrogacy Market Trends:
Rising technological advancements in assisted reproductive technologies, along with the growing awareness among individuals about infertility treatments like sperm or egg donation and in-vitro fertilization (IVF), represents one of the key factors driving the market. Moreover, there is an increase in the prevalence of polycystic ovarian syndrome (PCOS) in women on account of stress, hormonal imbalance, reduced physical activity and lifestyle changes, which include smoking, alcoholism and the rising consumption of calorie-rich food. This, coupled with the growing number of fertility clinics around the world, is positively influencing the market. Besides this, there is an increase in the employment of gestational surrogacy by surrogacy professionals as it is less complicated compared to traditional surrogacy. Additionally, the expanding healthcare industry is offering lucrative growth opportunities to market players. These players are also focusing on mergers and acquisitions (M&A) and collaborations to expand their existing consumer base and bolster their overall profitability. Some of the other factors stimulating the market growth are strengthening fertility tourism, increasing inability to conceive, availability of cost-effective surrogacy and favorable reimbursement policies offered by governing authorities of numerous countries.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global surrogacy market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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 Region:

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

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Scanfert Clinic.

Key Questions Answered in This Report
1. What was the size of the global surrogacy market in 2022?
2. What is the expected growth rate of the global surrogacy market during 2023-2028?
3. What are the key factors driving the global surrogacy market?
4. What has been the impact of COVID-19 on the global surrogacy market?
5. What is the breakup of the global surrogacy market based on the type?
6. What is the breakup of the global surrogacy market based on the technology?
7. What is the breakup of the global surrogacy market based on the service provider?
8. What are the key regions in the global surrogacy market?
9. Who are the key players/companies in the global surrogacy market?