Global Surrogacy Market Size, Share, and COVID-19 Impact Analysis, By Type (Gestational, and Traditional Surrogacy), By Technology (Intrauterine insemination (IUI), In-vitro fertilization (IVF)), By Age Group (Below 35 years, 35-37 years, 38-39 years, 40-42 years, 43-44 years, and Over 44 years), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
Industry: HealthcareGlobal Surrogacy Market Insights Forecasts to 2033
- The Global Surrogacy Market Size was Valued at USD 14.95 Billion in 2023
- The Market Size is Growing at a CAGR of 20.90% from 2023 to 2033
- The Worldwide Surrogacy Market Size is Expected to Reach USD 99.75 Billion by 2033
- Europe is expected to Grow the fastest during the forecast period.
Get more details on this report -
The Global Surrogacy Market Size is Anticipated to Exceed USD 99.75 Billion by 2033, Growing at a CAGR of 20.90% from 2023 to 2033.
Market Overview
Surrogacy is assisted reproductive technology where a woman carries the pregnancy for another couple through the use of an embryo created by themselves or a donor and transferred to the uterus of the gestational carrier. This method has made motherhood possible for those women without a uterus, with uterine anomalies preventing pregnancies, with serious medical problems, or with other contraindications for pregnancy. There are two types of surrogacy viz. traditional and gestational. In traditional surrogacy, there is artificial insemination of the surrogate mother with the intended father's sperm, where the surrogate mother is both a birth as well a genetic mother while in gestational surrogacy, the embryo is transferred from the intended parents or donated oocyte or sperms to the surrogate uterus. The surrogate is a birth mother but a genetic mother to the child in case of gestational surrogacy. Ethical, religious, and legal problems have arisen around surrogacy; therefore, both the gestational carrier and the intended parent(s) must be granted rigorous safeguards and protections. In many countries around the world, clear and understandable gestational surrogacy arrangements are carried out or strict legislations are introduced. Several obstetrics complications and multiple-order pregnancies may arise in surrogacy. Other general complications include preeclampsia and eclampsia, urinary tract infections, stress incontinence, and gestational diabetes. Emotional trauma may be faced by the surrogate mother after the child relinquishes but get dissipates with time shortly. The improvement in access of surrogacy services and efforts to standardize regulations play a vital role in providing lucrative growth opportunities for the global surrogacy market in the near future.
Report Coverage
This research report categorizes the market for the global surrogacy market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global Surrogacy market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global surrogacy market.
Surrogacy Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 14.95 Billion |
Forecast Period: | 2023 - 2033 |
Forecast Period CAGR 2023 - 2033 : | 20.90% |
2033 Value Projection: | USD 99.75 Billion |
Historical Data for: | 2019 - 2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Type, By Technology, By Age Group, By Region |
Companies covered:: | Clinic Scanfert, New Hope Fertility Center, Care Fertility Group, Bourn Hall Fertility Clinic, Ovation Fertility, IVI RMA Global, Extraordinary Conceptions, Nova IVI Fertility, AVA Clinic Scanfert, Associates Reproductive Medicine & Infertility, and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
Get more details on this report -
Driving Factors
The increase in single-parent households and legal adoption of single-parent surrogacy in countries such as Argentina, Brazil, Georgia, Nigeria, Mexico, Colombia, Kenya, and Nepal increases the demand for surrogacy. The high fertility treatment cost leads to the demand for an alternative method, surrogacy for having a child. Surrogacy in developing countries and emerging economies due to affordable prices and favorable regulations propel the surrogacy market in the region. Further, the development of reliable surrogacy services augmented to drive the global surrogacy market.
Restraining Factors
There are legal restrictions and prohibitions of commercial surrogacy practices in certain countries like Brazil, Australia, European Union, and other countries. These legal restrictions and prohibitions are restraining the global surrogacy market. In addition, the high cost, lack of surrogacy insurance policies, and limited availability of surrogates further restrain the market growth of surrogacy.
Market Segmentation
The global surrogacy market share is classified into type, technology, and age group.
- The gestational segment is expected to hold the largest share of the global surrogacy market during the forecast period.
Based on the type, the global surrogacy market is categorized into gestational, and traditional surrogacy. Among these, the gestational segment is expected to hold the largest share of the global surrogacy market during the forecast period. The surrogate has no biological link to the baby in gestational surrogacy. The presence of a large patient base, growing adoption, and scientific developments are responsible for driving the market in the gestational segment.
- The in-vitro fertilization (IVF) segment is expected to hold the largest share of the global Surrogacy market during the forecast period.
Based on the technology, the global surrogacy market is categorized into intrauterine insemination (IUI), and in-vitro fertilization (IVF). Among these, the in-vitro fertilization (IVF) segment is expected to hold the largest share of the global surrogacy market during the forecast period. IVF is more effective than IUI with a higher success rate. Thus, the rise in infertility cases, and the adoption of surrogation methods driving the surrogacy market in the IVF segment.
- The 38-39 years segment is expected to hold a significant share of the global Surrogacy market during the forecast period.
Based on the age group, the global surrogacy market is categorized into below 35 years, 35-37 years, 38-39 years, 40-42 years, 43-44 years, and over 44 years. Among these, the 38-39 years segment is expected to hold a significant share of the global surrogacy market during the forecast period. The rising number of women experiencing fertility problems, and difficulty in getting pregnant surged to rise the market demand for surrogacy.
Regional Segment Analysis of the Global Surrogacy Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is anticipated to hold the largest share of the global surrogacy market over the predicted timeframe.
Get more details on this report -
North America is projected to hold the largest share of the global surrogacy market over the forecast period. The expansion of fertility clinics and surrogacy clinics and increasing same-sex marriages are augmented to aid the market growth in countries like the US in North America. Mexico has recently become an attractive surrogacy destination due to its relatively inexpensive medical services compared to those of other countries.
Europe is expected to grow at the fastest CAGR growth of the global surrogacy market during the forecast period. The rising cases of infertility and increasing rate of gamete donations surge the market demand for surrogacy in Europe. Furthermore, the growing awareness and availability of fertility treatments are responsible for surrogacy market growth. According to the European Society of Human Reproduction and Embryology, over 25 million people in the European Union are affected by infertility. Thus, rising infertility cases among couples will fuel the market growth in the region.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global surrogacy market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Clinic Scanfert
- New Hope Fertility Center
- Care Fertility Group
- Bourn Hall Fertility Clinic
- Ovation Fertility
- IVI RMA Global
- Extraordinary Conceptions
- Nova IVI Fertility
- AVA Clinic Scanfert
- Associates Reproductive Medicine & Infertility
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In January 2021, Canadian investors Triangle Healthcare Partners and Bulldog Capital Partners have partnered in an investment in Bourn Hall, a Cambridge, UK-based owner and operator of a network of fertility clinics.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global surrogacy market based on the below-mentioned segments:
Global Surrogacy Market, By Type
- Gestational Surrogacy
- Traditional Surrogacy
Global Surrogacy Market, By Technology
- Intrauterine insemination (IUI)
- In-vitro fertilization (IVF)
Global Surrogacy Market, By Age Group
- Below 35 years
- 35-37 years
- 38-39 years
- 40-42 years
- 43-44 years
- Over 44 years
Global Surrogacy Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
Frequently Asked Questions (FAQ)
-
1.What is the CAGR of the global Surrogacy market over the forecast period?The global surrogacy market is projected to expand at a CAGR of 20.90% during the forecast period.
-
2.What is the projected market size & growth rate of the global Surrogacy market?The global Surrogacy market was valued at USD 14.95 Billion in 2023 and is projected to reach USD 99.75 Billion by 2033, growing at a CAGR of 20.90% from 2023 to 2033.
-
3.Which region is expected to hold the highest share in the global surrogacy market?The North America region is expected to hold the highest share of the global surrogacy market.
Need help to buy this report?