Surrogacy Market, By Type, By Technology, By Age Group, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
Surrogacy market size was valued at USD 14,056.3 Million in 2022, expanding at a CAGR of 25.1% from 2023 to 2030.
Surrogacy is a technique of assisted reproduction in which the intended parents cooperate with a surrogate who carries the baby until delivery. Gestational and traditional are two types of assisted reproductive procedures that are used for surrogacy. The utilization of a surrogate's eggs makes her the biological mother of the baby under traditional technology, while in gestational, the surrogate has no biological connection to the baby. Additionally, the rising number of people experiencing infertility problems involves low sperm counts and problems in egg or sperm production led to a significant impact on the growth of the surrogacy market.
Surrogacy Market- Market Dynamics
Rising awareness of infertility issues and difficulty in conceiving is boosting market growth
The growing public awareness of infertility issues, an increase in scientific advancements in fertility procedures, an increase in the rate of gamete contributions, and the evolving trend of delayed pregnancies are all contributing to the growth of the global surrogacy market. Additionally, rising disposable income, rising fertility awareness, supportive reimbursement policies, and accessibility to fertility treatments are the key factors projected to drive the market. The major concern in conceiving because of women's polycystic ovarian syndrome is becoming more widely recognized, which fuels the demand for surrogate moms and, results in market expansion. However, rigorous rules and regulations along with the expensive cost of the procedure are significant factors restraining market growth. Furthermore, the increased prevalence of polycystic ovarian syndrome in females leads to difficulty in child conceiving, which results in escalated demand for surrogate mothers, thereby expanding the market.
Surrogacy Market- Key Insights
As per the analysis shared by our research analyst, the global surrogacy market is estimated to grow annually at a CAGR of around 25.1% over the forecast period (2023-2030)
The surrogacy industry is projected to grow at a significant rate due to the growing public awareness of infertility problems
Based on type segmentation, gestational was predicted to show maximum market share in the year 2022
Based on technology segmentation, in-vitro fertilization was the leading type in 2022
Alcohol consumption, hormonal changes, stress, and steroids lead to the increase in infertility cases are such factors positively impacting the business growth
Surrogacy Market- Segmentation Analysis:
The global surrogacy market is segmented on the basis of type, technology, age group, and region.
The market is divided into two categories based on type: traditional surrogacy and gestational. The gestational segment is likely to maintain its dominance over the forecast period. The segment is attributed to the high adoption of gestational techniques by surrogacy professionals as well as technological advancements. Additionally, legal and emotional complexities about traditional surrogacy further propel the adoption of gestational surrogacy is driving the demand for the segment.
The market is divided into four categories based on technology: intrauterine insemination, in-vitro fertilization, and others. The in-vitro fertilization segment is projected to hold the largest revenue share. As a smaller number of sperm is required to penetrate an egg using an injection approach, it has revolutionized male infertility treatment. Thus, such a factor is likely to stimulate the segment growth.
Surrogacy Market- Geographical Insights
The Africa region is projected to display the fastest growth through the projected timeline owing to the lack of implementation of stringent regulatory policies across the region. Moreover, Asia-Pacific is likely to offer lucrative opportunities for market players operating in the surrogacy market. The region's growth is attributed to the surging adoption of gestational surrogacy, the rise in fertility tourism, and fertility types.
Surrogacy Market- Competitive Landscape:
The surrogacy market growth during the forecast period is anticipated to be driven by technological advancements in assisted reproductive technology, growth in the number of fertility clinics, and rising awareness regarding infertility treatment. Additionally, the surrogacy market is likely to continue to grow across the globe in the forecast period due to factors including the legalization of surrogacy in more countries, increasing acceptance of non-traditional families, and changing social attitudes. Moreover, to market players expanding the healthcare industry is providing lucrative growth opportunities. These market players are also concentrating on collaborations, mergers, and acquisitions to bolster their overall profitability and expand their existing consumer base. Increasing acceptance and evolving societal norms of diverse family structures have resulted in the growing demand for surrogacy services.
Recent Developments:
For instance, in January 2021, Triangle Capital Corporation in partnership with Bulldog Capital Partners closed on a significant investment in Bourn Hall Ltd., the world's first IVF clinic, which owns and operates a network of fertility clinics serving over 3,500 UK-based families each year.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SURROGACY MARKET KEY PLAYERS
BOURN HALL FERTILITY CLINIC
Extraordinary Conceptions
Growing Generations, LLC
New Hope Fertility Clinic
CLINIC SCANFERT
CARE Fertility
Houston Fertility Centre
NOVA IVI FERTILITY
Ovation Fertility
Max Healthcare
IVI RMA GLOBAL
GLOBAL SURROGACY MARKET, BY TYPE
Traditional Surrogacy
Gestational
GLOBAL SURROGACY MARKET, BY TECHNOLOGY
Intrauterine Insemination
In-Vitro Fertilization
Others
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, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Surrogacy Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Surrogacy Market Snippet by Type
2.1.2. Surrogacy Market Snippet by Technology
2.1.3. Surrogacy Market Snippet by Age Group
2.1.4. Surrogacy Market Snippet by Country
2.1.5. Surrogacy Market Snippet by Region
2.2. Competitive Insights
3. Surrogacy Key Market Trends
3.1. Surrogacy Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Surrogacy Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Surrogacy Market Opportunities
3.4. Surrogacy Market Future Trends
4. Surrogacy Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Surrogacy Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Surrogacy Market Landscape
6.1. Surrogacy Market Share Analysis, 2022
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Surrogacy Market - By Type
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2022&2030 (%)
7.1.2. Traditional Surrogacy
7.1.3. Gestational
8. Surrogacy Market - By Technology
8.1. Overview
8.1.1. Segment Share Analysis, By Technology, 2022&2030 (%)
8.1.2. Intrauterine Insemination
8.1.3. In-Vitro Fertilization
8.1.4. Others
9. Surrogacy Market - By Age Group
9.1. Overview
9.1.1. Segment Share Analysis, By Age Group, 2022&2030 (%)
9.1.2. Below 35 years
9.1.3. 35-37 years
9.1.4. 38-39 years
9.1.5. 40-42 years
9.1.6. 43-44 years
9.1.7. Over 44 years
10. Surrogacy Market- By Geography
10.1. Introduction
10.1.1. Segment Share Analysis, By Geography, 2022&2030 (%)
10.2. North America
10.2.1. Overview
10.2.2. Surrogacy Key Manufacturers in North America
10.2.3. North America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
10.2.4. North America Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
10.2.5. North America Market Size and Forecast, By Technology, 2018 - 2030 (US$ Million)
10.2.6. North America Market Size and Forecast, By Age Group, 2018 - 2030 (US$ Million)