Global Surrogacy Market Size, Share, Growth Analysis, By Type(Gestational surrogacy, Traditional surrogacy), By Technology(IVF with ICSI, IUI) - Industry Forecast 2023-2030

Global Surrogacy Market size was valued at USD 12.97 billion in 2022 and is poised to grow from USD 15.76 billion in 2023 to USD 74.63 billion by 2031, growing at a CAGR of 21.46% in the forecast period (2024-2031).

The global surrogacy market has emerged as a significant sector within the broader landscape of reproductive technologies and assisted reproduction. Surrogacy, once a niche practice primarily utilized by individuals or couples facing infertility, has evolved into a multi-billion-dollar industry spanning numerous countries worldwide. From a business standpoint, the surrogacy market encompasses a range of stakeholders, including intended parents, surrogate mothers, surrogacy agencies, legal professionals, medical practitioners, and fertility clinics. At its core, the surrogacy market operates on the fundamental premise of facilitating parenthood for individuals or couples unable to conceive or carry a pregnancy to term on their own. Intended parents, often facing various medical, biological, or social challenges, seek out surrogacy as a means to fulfill their desire for biological offspring. This demand has fueled the expansion of surrogacy services globally, with countries such as the United States, Ukraine, Russia, and India emerging as prominent hubs for surrogacy arrangements.

From a business perspective, surrogacy agencies play a central role in orchestrating surrogacy arrangements, serving as intermediaries between intended parents and surrogate mothers. These agencies provide a range of services, including matching intended parents with suitable surrogates, coordinating medical procedures and legal processes, and offering emotional support and guidance throughout the surrogacy journey. In return for their services, surrogacy agencies typically charge fees, contributing to the revenue streams within the surrogacy market. Fertility clinics and medical professionals also form integral components of the surrogacy market, providing medical expertise and infrastructure necessary for procedures such as in vitro fertilization (IVF) and embryo transfer. These clinics specialize in reproductive medicine and offer a range of assisted reproductive technologies tailored to the unique needs of intended parents and surrogate mothers. The fees associated with medical procedures and services further contribute to the financial dynamics of the surrogacy market. However, the surrogacy market is not without its controversies and ethical considerations. The commercialization of surrogacy has raised concerns about exploitation, commodification of women's bodies, and the potential for exploitation of surrogate mothers, particularly in countries with lax regulatory frameworks. Legal frameworks governing surrogacy vary widely across jurisdictions, leading to disparities in rights and protections for all parties involved.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Surrogacy Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Surrogacy Market Segmental Analysis

The global surrogacy market is segmented on the basis of Type, Technology and region. By Type, the market is segmented into Gestational surrogacy, Traditional surrogacy. By Technology, the market is segmented into IVF with ICSI, IUI, IVF without ICSI. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Surrogacy Market

The global surrogacy market has experienced significant growth in recent years, driven by several factors including increasing acceptance of non-traditional family structures, advancements in reproductive technologies, and rising infertility rates among couples. One key market driver is the growing societal acceptance of surrogacy as a viable option for individuals and couples seeking to build families. As societal norms evolve and awareness about alternative reproductive methods spreads, more people are turning to surrogacy as a means to fulfill their desire for parenthood. This shift in attitude has led to a broader acceptance of surrogacy across different cultural and geographical contexts, contributing to the expansion of the global surrogacy market.

Restraints in the Global Surrogacy Market

However, alongside its growth, the surrogacy market faces certain restraints, one of which is the complex legal and ethical landscape surrounding surrogacy arrangements. Regulations governing surrogacy vary widely between countries and even within different states or regions, leading to legal uncertainties and challenges for intended parents, surrogates, and service providers. Concerns regarding exploitation, commercialization, and the rights of all parties involved further complicate the regulatory framework. These legal and ethical complexities can act as barriers to the growth of the surrogacy market, hindering accessibility and affordability for many prospective parents.

Market Trends of the Global Surrogacy Market

In terms of trends, one notable development in the surrogacy market is the increasing demand for gestational surrogacy over traditional or genetic surrogacy. Gestational surrogacy involves the implantation of an embryo created through in vitro fertilization (IVF), where the surrogate has no genetic relationship with the child she carries. This method offers more options and flexibility for intended parents, including same-sex couples, individuals with fertility challenges, and those who require donor eggs or sperm. The rising popularity of gestational surrogacy reflects advancements in reproductive technologies, as well as shifting preferences towards surrogacy arrangements that minimize legal and emotional complexities associated with genetic connections between the surrogate and the child. As such, the surrogacy market is witnessing a trend towards greater emphasis on gestational surrogacy services to meet the evolving needs and preferences of intended parents worldwide.