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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Surrogacy Market Outlook
The global surrogacy market size was valued at USD 81.5 billion in 2023, driven by the increasing infertility rates and advancements in medical technology across the globe. The market size is anticipated to grow at a CAGR of 24.3% during the forecast period of 2024-2032 to achieve a value of USD 577.8 billion by 2032.
Surrogacy Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 81.5 billion in 2023, driven by rising infertility problems among people.
The market is anticipated to grow at a CAGR of 24.3% during the forecast period of 2024-2032 and is likely to reach a market value of USD 577.8 billion by 2032.
The market growth is driven by factors such as rising technological advancements in fertility procedures, increasing rates of gamete donations, rising disposable income specifically in developed countries, rising awareness of infertility treatments, and the rise in the prevalence of polycystic ovarian syndrome, companies innovating to bring new technologies into the surrogacy market and increasing collaboration between market players.
Government initiatives such as the Beijing government announcing the inclusion of 16 types of ART technologies under the healthcare system, are among major trends influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
Types of surrogacies include gestational surrogacy and traditional surrogacy.
Surrogacy may involve IVF with ICSI, IVF without ICSI, and intrauterine insemination, among others.
End users in the market are hospitals and IVF centres, among others.
Key players involved in the market are New Hope Fertility Clinic, Houston Fertility Center, Ovation Fertility, Extraordinary Conceptions, CARE Fertility, Growing Generations, LLC, IVI RMA GLOBAL, CLINIC SCANFERT, BOURN HALL FERTILITY CLINIC, NOVA IVI FERTILITY, Associates Reproductive Medicine & Infertility, and Cardone.
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United States (Head Office)
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124