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

Report Format: PDF+Excel | Report ID: SR112023A5298
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Market Overview:

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.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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:

 

 
 

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  • IVF with ICSI
  • IVF without ICSI
  • Intrauterine Insemination
     

Breakup by Service Provider:

  • Hospitals
  • Fertility Clinics
  • Others
     

Breakup by Region:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Million
Segment Coverage Type, Technology, Service Provider, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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