Surrogacy Market Report Probes the 14 Billion Size, Share, Growth Report and Future Analysis by 2033

Key Insights

The size of the Surrogacy Market was valued at USD 14 Billion in 2024 and is projected to reach USD 64.91 Billion by 2033, with an expected CAGR of 24.5% during the forecast period. This rapid growth is driven by a number of critical factors, which include the ever-growing demand for assisted reproductive technologies, the developments in medical science, and increasing awareness of the benefits associated with surrogacy.Surrogacy helps solve a case of infertility and genetic disorder, where people and couples overcome their ever-increasing dreams about parenthood. Emergence of gestational surrogacy, wherein the surrogate mother bears no genetic relationship with the child, furthered the market while providing ethical and medical breakthroughs in reproductive health care. This increased awareness and innovation in surrogacy are taking the industry to new heights.

Surrogacy Market Concentration & Characteristics

The surrogacy market is characterized by a high level of concentration, with a few key players dominating the landscape. These established healthcare providers have invested heavily in infrastructure, research, and expertise, giving them a competitive edge.

The industry is also subject to strict regulations governing the practice of surrogacy, including ethical guidelines, legal frameworks, and quality standards. These regulations aim to protect the rights and well-being of all parties involved in the surrogacy process.

Surrogacy Market Trends

One of the key market trends is the growing popularity of gestational surrogacy, which offers greater flexibility and reduced risks for both the intended parents and the surrogate. IVF (in-vitro fertilization) and ICSI (intracytoplasmic sperm injection) are the primary technologies used in conjunction with surrogacy.

Another notable trend is the increasing number of intended parents opting for surrogacy later in life. As women delay starting families due to career or personal choices, the demand for egg donation and surrogacy services is rising among older couples.

Key Region or Country & Segment to Dominate the Market

North America currently dominates the surrogacy market, owing to favorable regulatory frameworks, advanced healthcare infrastructure, and a high demand for assisted reproductive services. However, emerging markets in Asia Pacific, such as India and Thailand, are rapidly gaining traction due to their affordable costs and skilled healthcare professionals.

Gestational surrogacy and IVF are the dominant segments in the surrogacy market, capturing significant market share.

Driving Forces: What's Propelling the Surrogacy Market

The primary drivers of the surrogacy market are:

• Rising incidence of infertility and genetic disorders
• Social acceptance of surrogacy as a viable reproductive option
• Technological advancements in assisted reproductive technologies
• Growing awareness of surrogacy benefits among intended parents
• Legalization of surrogacy in an increasing number of countries

Challenges and Restraints in Surrogacy Market

Despite its growth potential, the surrogacy market faces some challenges:

• Ethical concerns regarding the exploitation of surrogate mothers
• Regulatory complexities in different jurisdictions
• The high cost of surrogacy services
• Shortage of qualified surrogates
• Limited access to surrogacy services in certain countries

Emerging Trends in Surrogacy Market

The future of the surrogacy market is expected to be shaped by emerging trends, including:

• Increased use of genetic testing for embryo selection
• Advances in artificial intelligence and machine learning in surrogacy matching
• Government initiatives to support surrogacy services
• Growing demand for altruistic surrogacy

Surrogacy Industry News

• Expansion of legal frameworks for surrogacy in various countries
• Investments in research and development of new assisted reproductive technologies
• Partnerships between healthcare providers and surrogacy agencies
• Rising public awareness campaigns about surrogacy

Leading Players in the Surrogacy Market

• IVIRMA
• Boston IVF
• Ovation Fertility
• Extraordinary Conceptions
• Circle Surrogacy
• Growing Generations
• New Hope Fertility Clinic
• Bourn Hall International (TVM Capital Healthcare)

Surrogacy Market Segmentation

• 1. Type
  • 1.1. Gestational Surrogacy
  • 1.2. Traditional Surrogacy
• 2. Technology
  • 2.1. Intrauterine insemination (IUI)
  • 2.2. In-vitro fertilization (IVF)
  • 2.3. Others
• 3. Age Group
  • 3.1. Below 35 Years
  • 3.2. 35-37 Years
  • 3.3. 38-39 Years
  • 3.4. 40-42 Years
  • 3.5. 43-44 Years
  • 3.6. Over 44 Years
• 4. Service Provider
  • 4.1. Hospitals
  • 4.2. Fertility Clinics
  • 4.3. Others

Surrogacy Market Segmentation By Geography

• 1. North America
  • 1.1. U.S.
  • 1.2. Others
• 2. Europe
  • 2.1. Czech Republic
  • 2.2. Estonia
  • 2.3. Georgia
  • 2.4. Greece
  • 2.5. Poland
  • 2.6. Sweden
  • 2.7. UK
  • 2.8. Others
• 3. Asia Pacific
  • 3.1. India
  • 3.2. Thailand
  • 3.3. South Korea
  • 3.4. Others
• 4. Africa
  • 4.1. Kenya
  • 4.2. Nigeria
  • 4.3. South Africa
  • 4.4. Others