Surrogacy Market: By Type (Gestational Surrogacy, Traditional Surrogacy), By Technology (Intrauterine Insemination (IUI), Classical/Standard In-vitro Fertilization (IVF), In-vitro Fertilization with Intracytoplasmic Sperm Injection [ICSI]), By Age Group (Below 35 Years, 35-37 Years, 38 - 39 Years, 40-42 Years, 43-44 Years, Over 44 Years), By Service Provider (Hospitals, Fertility Clinics, Others) And Region – Global Analysis of Market Size, Share & Trends For 2021–2022 And Forecasts To 2032
Surrogacy Market was valued at 166.9 million USD in 2021 and is estimated to reach 330.8 million USD by 2032, increasing at a CAGR of 6.4% during the forecast period, 2022-2032.
Surrogacy is a process of assisted reproduction where the intended parents work with a surrogate who carries the baby until delivery. Through In-vitro Fertilization (IVF), the embryos are created in laboratory by combining the sperm with the egg at a fertility clinic. The intended parents may use their own genetic material and the embryos are planted into the surrogate mother to carry the baby until delivery. Gestational surrogacy is helpful for those who are unable to conceive and become parents. People who inspect surrogacy to have child are called to as Intended Parents (IPs). Sometimes a donor is required for the process (may be egg or sperm) which require legal expertise and strong support throughout the journey.
The Global Surrogacy Market was valued at 166.9 million USD in 2021 and is estimated to reach 330.8 million USD by 2032, increasing at a CAGR of 6.4% during the forecast period, 2022-2032 owing to the increasing awareness in the people regarding the infertility issues and rising numbers of infertility cases which is expected to boost the growth of the market. The increment in the advancements of fertility related procedures, with increasing rate of gamete contributions is expected to boost Global Surrogacy Market.
Global Surrogacy Market is classified based on the Technology into Intrauterine Insemination (IUI), Classical/Standard In-vitro Fertilization (IVF), In-vitro Fertilization with Intracytoplasmic Sperm Injection [ICSI]. Intrauterine insemination (IUI) segment is expected to dominate in the market and to register high share during the forecast period, 2022-2032. IUI is a process of introduction of healthy sperm into the uterus for the egg to fertilize which results in increasing the chances of conception. The minimal invasive and low cost are the factors which is expected to boost the surrogacy market.
Global Surrogacy Market is classified based on the Age Group into Below 35 Years, 35-37 Years, 38 - 39 Years, 40-42 Years, 43-44 Years, Over 44 Years. 40-42 years age group is expected to dominate in the market with high share in the forecast period owing to the increasing working women between the age 40-42 years having high stress levels, showing negative impact on reproduction ability and is boosting the growth of the segment in market. The issues related to irregular menstrual cycles will increase leading to reduction in the chances of conceiving naturally, and thereby need the adoption of surrogacy and is expected to boost the growth of market
Rising Infertility Issues Will Boost The Growth Of The Market
There is an increase in number of infertility issues like low sperm count or trouble with the production of egg or sperm which is leading to the growth of the surrogacy market. Several issues related to hormonal imbalance, stress, steroids consumption and the use of alcohol contribute to an increase of infertility issues, which is expected to have a positive impact on the growth of the market. Many novel developments related to reproductive technologies and awareness of infertility treatments will fuel the surrogacy market in the forecast period.
ï»¿ï»¿Rising Awareness On Treatment Options Available Will Drive The Market Growth
The general awareness related to infertility issues is rising within the population and the increase in number of delayed pregnancies is rising which is leading to the development of several new infertility treatment procedures which is expected to boost the growth of the market. The rising contribution rate of gametes and reachability to fertility treatments is also responsible to boost the growth of the Global Surrogacy Market.
Stringent Regulations About Commercial Surrogacy Will Restrain The Market Growth
The stringent regulations related to the commercial method and the high cost involved in performing the procedure is expected to hamper the Global Surrogacy market growth.
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Surrogacy Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Based on regional analysis, Europe is leading the market in 2021 owing to the factors like the presence of well-established health care system with advanced technologies in that region which is creating profits in surrogacy market. Asia Pacific region is expected to dominate the surrogacy market in the forecast period owing to the presence of developing nations where the cost of surrogacy is less expensive than the developed nations. Increment in clinics which are specialised for treating infertility issues are creating demand for the growth of the global surrogacy market.
The COVID-19 pandemic affected many people across the world, and it led to the imposition of lockdown which had a negative impact on the global surrogacy market. Infertility treatments are time taking which resulted in the treatments to be suspended contributing to the downfall of surrogacy market.
Market size value in 2021
USD 166.9 million
Revenue forecast in 2032
USD 330.8 million
CAGR of 6.4% from 2022 to 2032
Base year for estimation
Revenue in USD million and CAGR from 2022 to 2032
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Type, Technology, Age Group, Service Provider and Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled
Bourn Hall Clinic, Extraordinary Conceptions, Growing Generations LLC, CARE Fertility, Circle Surrogacy & Egg Donation, Houston Fertility Centre, Ovation Fertility, Max Healthcare, Scanfert Clinic, IVIRMA Global, Nova IVF, New Hope Fertility Centre and Other Prominent Players
Global Surrogacy Market size was estimated at USD 166.9 million in 2021 and is expected to reach USD 330.8 million in 2032.
Surrogacy is a process of assisted reproduction where the intended parents work with a surrogate who carries the baby until delivery. Through In-vitro Fertilization (IVF), the embryos are created in laboratory by combining the sperm with the egg at a fertility clinic.
Intrauterine insemination and 40-42 years segment accounted for the largest Global Surrogacy market share.
Key players: Bourn Hall Clinic, Extraordinary Conceptions, Growing Generations LLC, CARE Fertility, Circle Surrogacy & Egg Donation, Houston Fertility Centre, Ovation Fertility, Max Healthcare, Scanfert Clinic, IVIRMA Global, Nova IVF, New Hope Fertility Centre and Other Prominent Players are the key players in the Global Surrogacy Market.
Rising Infertility Issues and Rising awareness on treatment options available are the factors driving the Global Surrogacy market.
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