Surrogacy Market to Reach USD 227 Billion by 2032: Rising Infertility, LGBTQ+ Demand, and Tech Advancements Drive Growth Despite Ethical Debates
Research Reports
Aug 13, 2024
Market Overview
The Surrogacy Market Research Report provides an in-depth analysis of the global surrogacy industry, focusing on various aspects including intended parent types such as infertile couples, single individuals, and LGBTQ+ couples. It categorizes surrogacy types into traditional and gestational, with compensation models including altruistic and commercial surrogacy.
The report also explores different surrogacy arrangements, such as independent and agency-assisted surrogacy, alongside the legal frameworks governing the practice, ranging from permissive to restrictive regulations, across different regions. The forecast extends to 2032, offering insights into market trends and regional dynamics.
The Surrogacy Market was valued at USD 80.84 billion in 2022 and is projected to grow to USD 227.64 billion by 2032, with an expected CAGR of 10.91% from 2024 to 2032. The industry is anticipated to expand from USD 89.65 billion in 2023, reflecting significant growth over the forecast period.
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Market Trends
The surrogacy industry is undergoing significant transformation, propelled by technological innovations and shifting societal norms. There is a growing acceptance of surrogacy as a legitimate means of building a family, leading to a rise in the number of surrogacy agencies and clinics. Technological advancements in reproductive methods, such as in vitro fertilization (IVF) and preimplantation genetic diagnosis (PGD), have enhanced the success rates of surrogacy and broadened the genetic possibilities for intended parents.
Key factors driving this market include the increasing prevalence of infertility, the growing number of same-sex couples desiring children, and the rising demand for personalized surrogacy services. Opportunities for expansion are emerging with the development of new technologies, such as artificial wombs, and the extension of surrogacy services to new regions and diverse demographics.
However, the surrogacy market is also facing ethical and legal challenges. Debates are intensifying over the commercialization of surrogacy, the rights and welfare of surrogates, and the potential for exploitation of vulnerable groups. Ensuring the sustainable growth of the surrogacy industry will require the establishment and enforcement of ethical guidelines and regulations.
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Segment Analysis
Surrogacy Intended Parent Type Insights
Infertile couples represent the largest segment within the intended parent category in the surrogacy market. This dominance is largely driven by the increasing prevalence of infertility issues among couples across the globe.
Surrogacy Type Insights
The rising demand for children, coupled with the growing acceptance of surrogacy as a viable option for parenthood, is contributing to the expansion of this market. Additionally, the legalization of surrogacy in several countries has bolstered the market. Traditional surrogacy, where the surrogate serves as both the genetic and gestational carrier, remains a notable method within this segment.
Surrogacy Compensation Type Insights
The market is segmented by compensation type into altruistic surrogacy and commercial surrogacy. The commercial surrogacy segment is anticipated to command a larger share of the market during the forecast period.
Surrogacy Arrangement Insights
The surrogacy market is divided into independent surrogacy and agency-assisted surrogacy based on the arrangement. Independent surrogacy involves direct dealings between intended parents and the surrogate mother, without the involvement of an agency or third party.
Surrogacy Legal Framework Insights
The legal landscape for surrogacy varies widely across different nations, influencing the availability and regulation of surrogacy services. For instance, in the United States, certain states recognize and enforce surrogacy contracts, allowing for permissive or legalized surrogacy arrangements.
Surrogacy Regional Outlook
The surrogacy market exhibits diverse regional dynamics, with North America leading due to advanced reproductive technologies and a supportive legal framework. Europe and South America are experiencing increasing interest as surrogacy becomes more accessible and accepted, while the Asia Pacific region shows growing potential amid evolving regulations.
The Middle East and Africa are emerging markets with varying levels of legal and cultural acceptance impacting the growth of surrogacy services.
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Competitive Dynamics
Key players in the surrogacy market include prominent organizations such as New Hope Fertility Center, American Surrogacy, and United Fertility. Other notable companies are Growing Generations, Circle Surrogacy, and Surrogate Solutions, alongside ConceiveAbilities and SurroGenesis.
The market also features significant contributors like HRC Fertility, International Fertility Center, Reproductive Science Center of the Bay Area, Reproductive Medicine Associates of New Jersey, Fertility Solutions, and Brilliant Beginnings. These companies play a crucial role in providing a range of surrogacy services and advancing the industry.
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