Global Surrogacy Market Report 2024: Size, Drivers, And Top Segments
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What is the Expected Growth Rate of the Surrogacy Market from 2024 to 2033?
The surrogacy market has experienced exponential growth, increasing from $13.21 billion in 2023 to $16.01 billion in 2024, at a CAGR of 21.2%. This growth can be attributed to the rise in infertility cases, the dominance of gestational surrogacy, regional market expansion, age group adoption, and evolving legal and regulatory frameworks.
The surrogacy market is expected to reach $32.03 billion by 2028, growing at a CAGR of 18.9%. The growth is driven by changing social perceptions, reproductive technology advancements, and post-pandemic recovery. Key trends include technological advancements, cultural sensitivity, and genetic testing.
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What Key Factors Are Fueling the Growth of the Surrogacy Market?
The rising infertility rates are expected to drive growth in the surrogacy market. Infertility is characterized by an inability to conceive after 12 months or more of regular, unprotected intercourse, and surrogacy offers an alternative for individuals unable to conceive or carry a pregnancy. The World Health Organization reported that about 17.5% of adults globally face infertility, emphasizing the need for accessible fertility care. Thus, rising infertility rates support the surrogacy market.
What Are the Major Segments of the Surrogacy Market?
1) By Type: Gestational Surrogacy, Traditional Surrogacy
2) By Technology: In Vitro Fertilization (IVF) With Intracytoplasmic Sperm Injection (ICSI), In Vitro Fertilization (IVF) Without Intracytoplasmic Sperm Injection (ICSI), Intrauterine Insemination
3) By Application: Fertility Clinics, Surrogacy Agencies, Surrogacy Lawyers
What New Trends Are Transforming the Surrogacy Market?
In the surrogacy market, companies are introducing innovative platforms like surrogacy.com to support surrogates and their families throughout the surrogacy journey. This platform offers resources, advice, and community support for individuals involved in surrogacy. For example, Northstar Fertility, a US-based egg donor and fertility service provider, launched surrogacy.com in November 2023. Created by surrogates, the platform provides guidance and connects surrogates with the tools and community they need for a successful surrogacy process.
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Which Regions Are Driving Growth in the Surrogacy Market?
North America was the largest region in the surrogacy market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surrogacy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Surrogacy Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the surrogacy market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Surrogacy Market Include
1. Surrogacy Market Executive Summary
2. Surrogacy Market Segments
3. Surrogacy Market Size And Template Market Growth Rate
4. Key Surrogacy Market Trends
5. Major Surrogacy Market Drivers
……
25. Key Mergers And Acquisitions In The Surrogacy Market
26. Top Surrogacy Companies
27. Surrogacy Market Opportunities And Strategies
28. Surrogacy Market, Conclusions And Recommendations
29. Appendix
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