Surrogacy Market Size (2024 - 2029)

Surrogacy Market Analysis

The Surrogacy Market size is estimated at USD 2 billion in 2024, and is expected to reach USD 5.47 billion by 2029, at a CAGR of 22.29% during the forecast period (2024-2029).

Key drivers propelling market expansion include increasing infertility rates, greater awareness of IVF treatments, enhanced understanding of assisted reproductive technologies such as IVF and surrogacy, and a rise in fertility clinics globally.

Infertility serves as a significant catalyst for the surrogacy market. The World Health Organization (WHO) reports that one in four couples in developing nations encounter infertility issues. Factors such as smoking, stress, diet, and obesity contribute to rising infertility rates, thereby driving the demand for surrogacy. WHO data from 2023 indicates that approximately 10% of women of reproductive age worldwide are affected by infertility, equating to about 48.5 million couples annually. Consequently, the increase in global infertility cases is expected to drive market growth.

Additionally, the growing number of single women and same-sex couples, along with increased awareness of IVF and surrogacy, are anticipated to further stimulate market growth. For instance, in August 2022, the Indian government introduced the Surrogacy (Regulation) Bill, which is set to become an Act. Despite some criticism for its restrictive nature, the bill aims to enhance transparency in India's surrogacy process. Similarly, in April 2024, India introduced new surrogacy guidelines that emphasize a more inclusive and compassionate approach to reproductive assistance. These guidelines aim to provide a structured framework for surrogacy arrangements while ensuring the rights and well-being of all parties involved.

Furthermore, in March 2024, the Fertility Conclave held in Delhi, India, brought together experts and stakeholders in the fertility industry. This conference provided a platform for discussing the latest innovations, advancements, and opportunities in infertility treatment and assisted reproductive technologies. Such initiatives and guidelines are anticipated to contribute to market growth.

Technological advancements in assisted reproductive techniques, such as IVF with ICSI (intracytoplasmic sperm injection), are offering viable solutions for those dealing with infertility and driving market growth. For instance, in January 2024, scientists from the University of California San Diego's School of Medicine developed a non-invasive method to improve the predictive capabilities for the quality of lab-generated embryos. This innovative approach focuses on identifying tiny fragments of genetic material (exRNAs) present in the liquid medium during the cultivation of embryonic cells. Such technological advancements are expected to increase adoption rates, contributing to market growth.

In summary, the global rise in infertility, coupled with evolving guidelines and technological innovations in fertilization techniques, is set to drive market growth. However, the high cost of treatment and stringent regulatory and ethical considerations are expected to hamper market growth.

Surrogacy Industry Segmentation

As per the scope of the report, surrogacy is an arrangement, often supported by a legal agreement, whereby a woman (the surrogate mother) agrees to bear a child for another person or persons who will become the child's parent(s) after birth.

The surrogacy market is segmented by type, technology, service providers, and geography. By type, the market is segmented as gestational surrogacy and traditional surrogacy. By technology, the market is segmented as intrauterine insemination (IUI), in-vitro fertilization, and other technologies. By service providers, the market is segmented into hospitals, fertility clinics, and other service providers. By geography, the market is segmented as North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The Report Offers the Value in USD for the Above Segments.