According to the latest report by IMARC Group, “Global Surrogacy Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global surrogacy market reached a value of US$ 161.83 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 240.56 Million by 2027, exhibiting a CAGR of 6.62% during 2022-2027.
Surrogacy is an agreement where a surrogate willingly carries and gives birth to a child for another couple or individual. It provides members of the LGBT community and people suffering from infertility with parenthood while maintaining a biological relationship with the child.
| Report Metric |
| Historical: 2016-2021 |
| Base Year: 2021 |
| Forecast Year: 2022-2027 |
Surrogacy Market Trends and Drivers:
One of the primary factors driving the market is the rising awareness amongst individuals about infertility treatments like in-vitro fertilization (IVF) and sperm or egg donation. Additionally, increased cases of polycystic ovarian syndrome (PCOS) amongst women due to hormonal imbalance and lifestyle changes, and the technological advancements in assisted reproductive technologies are propelling the market growth.
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Besides this, mergers and acquisitions (M&A) carried out by key market players and the various reimbursement policies offered by governments of several nations are catalyzing the market growth. Moreover, the increasing number of fertility clinics, the rising prevalence of gestational surrogacy instead of traditional surrogacy, and the growing healthcare industry are some growth-inducing factors.
COVID-19 Overview:
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Surrogacy Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Bourn Hall Clinic, CARE Fertility, Circle Surrogacy & Egg Donation, Extraordinary Conceptions, Growing Generations LLC, Houston Fertility Center, IVIRMA Global, Max Healthcare, New Hope Fertility Center, Nova IVF, Ovation Fertility and Scanfert Clinic.
The report has segmented the market on the basis of region, type, technology and service provider.
Breakup by Type:
- Gestational Surrogacy
- Traditional Surrogacy
Breakup by Technology:
- IVF with ICSI
- IVF without ICSI
- Intrauterine Insemination
The Breakup by Service Provider:
- Hospitals
- Fertility Clinics
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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List of Tables
1: Global: Surrogacy Market: Key Industry Highlights, 2021 and 2027
2: Global: Surrogacy Market Forecast: Breakup by Type (in Million US$), 2022-2027
