Surrogacy Market Size, Industry Share and Forecast, 2030 |...

Surrogacy Market Size, Industry Share and Forecast, 2030

Posted 2024-04-17 11:43:35

Surrogacy Market

The global Surrogacy Market size was worth around USD 13.27 Billion in 2022 and is predicted to grow to around USD 61.45 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 21.46% between 2023 and 2030.

Global Surrogacy Market: Overview

One of the main assisted reproductive methods is surrogacy, in which a woman carries the children of another couple, frequently through a formal arrangement. This is the way that couples choose when they wish to expand or start their families. There are three main types of surrogacy: traditional surrogacy, commercial surrogacy, and altruistic (non-commercial) surrogacy. Gestational and conventional surrogacy can be distinguished based on the genetic heritage of the egg. While gestational surrogacy involves no biological connection to the child at all, traditional surrogacy uses the donor woman's eggs to make her the biological mother of the offspring.

Surrogacy Market

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Commercial and altruistic surrogacy can be distinguished based on whether or not there is a cash exchange. The practice of renting out one's womb to bear another person's kid for payment is known as commercial surrogacy. Since the surrogate mother is frequently a close relative of the couple, she does not receive financial compensation in an altruistic surrogacy, however she may receive reimbursement for her medical costs.

Global Surrogacy Market: Growth Factors

Over the course of the projected period, there will be significant development in the global surrogacy market due to the increasing prevalence of hormonal abnormalities and the resulting increase in cases of infertility. Human fertility can be hampered by age, heredity, sperm and egg production, and exposure to specific harmful chemicals. Similarly, low sperm counts in men can result in infertility; these can also be caused by habitual alcohol use, steroid usage, and certain medical problems including diabetes. Infertility in women can be brought on by hormone imbalances, faulty uterine or cervix structure, stress, blocked fallopian tubes, and specific medical diseases. The number of infertility issues has been rising, and so has public knowledge of infertility treatments.

Given the exponential growth of fertility clinics in the previous ten years, there will be significant growth in the surrogacy market globally. The increasing accessibility and use of novel reproductive therapies like as in-vitro fertilization and egg or sperm donation will also have a favorable impact on the surrogacy market forecast in the near future. The disturbing rise in the number of women receiving diagnoses for polycystic ovarian syndrome (PCOD) is another factor driving the growth of the surrogacy industry worldwide. The Centers for Disease Control and Prevention estimate that PCOD affects around 5 million American women who are of reproductive age.The strict regulations surrounding the surrogacy practice and the hefty cost of the procedure's medical care can make things difficult.

Global Surrogacy Market: Segmentation

There are various ways to segment the worldwide surrogacy market, including by type, technology, age group, service provider, and geography. The two main types of surrogacy are gestational surrogacy and traditional surrogacy. The two main categories by technology are intrauterine insemination (IUI) and in-vitro fertilization (IVF). The intracytoplasmic sperm injection and regular IVF are two more divisions of the in-vitro segment. Within the worldwide surrogacy market, there are five age group segments: under 35, between 35 and 37, 38 to 39, 40 to 42, 43 to 44, and over 44 years of age. Hospitals and fertility clinics are the two main service providers.

Global Surrogacy Market: Regional Analysis

Due to the absence of strict regulatory rules throughout the area, the Africa sector is anticipated to grow at the fastest rate in the given timeframe. Nigeria is probably going to be in the lead because of the streamlined legislative requirements for commercial surrogacy. Due to the fact that commercial surrogacy is prohibited in some countries, the expansion of the other regional segments would suffer. Regional markets will expand slowly, such as India, where commercial surrogacy was finally outlawed in 2018. The US will help the business expand as well because it is a country that supports surrogacy. The absence of surrogacy laws in Malaysia will also be advantageous for the expansion of the worldwide surrogacy market.

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