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Surrogacy Market Size

Report ID: GMI4469
Published Date: Nov 2022
Report Format: PDF

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Surrogacy Market Size

Surrogacy Market size was valued at more than USD 14 billion in 2022 and is anticipated to depict over 24.5% CAGR from 2023 to 2032.

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Growing prevalence of obesity coupled with unhealthy habits such as smoking has increased the number of patients diagnosed with infertility. Sedentary lifestyles and a lack of physical exercise have severely affected the reproductive ability of men and women.

Surrogacy Market Report Attributes
Report Attribute	Details
Base Year:	2022
Surrogacy Market Size in 2022:	14 Billion (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	24.5%
2032 Value Projection:	129 Billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	163
Tables, Charts & Figures:	251
Segments covered:	Type, Technology, Age Group, Service Provider, and Region
Growth Drivers:	An increasing number of infertility cases Rising awareness about the infertility treatment options available in the market Increasing adoption of sedentary lifestyles and unhealthy eating habits leads to hormonal changes Increasing number of fertility clinics
Pitfalls & Challenges:	Stringent regulations about commercial surrogacy High cost involved in the surrogacy procedure

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As per the American Pregnancy Association, 30% of the male population suffers from infertility, accounting for one-fifth of the total infertility cases. Furthermore, estimates from the Centers for Disease Control and Prevention (CDC) state that close to 12.1% of women between 15 to 44 years are unable to conceive. These factors are the result of hormonal imbalances and the subsequent reduction in the production of sperm, thereby promoting the use of alternatives such as surrogacy.

Ethical concerns associated with surrogacy, however, have led some countries to ban the procedure. Limitations regarding stringent regulations for commercial surrogacy in developed nations like the United States may restrict market growth to a certain extent. Different countries have different surrogacy laws and there are no concrete regulations for this matter. Furthermore, fertility clinics work under separate guidelines and medical laws. These non-uniform and stringent regulations may hamper the surrogacy industry progress.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global surrogacy industry was valued at over USD 14 billion in 2022 and is expected to exhibit more than 24.5% CAGR between 2023 to 2032, due to the rising prevalence of infertility among men and women worldwide.

Surrogacy industry share from the Intrauterine insemination (IUI) segment is projected to record a 24% CAGR from 2023 to 2032, on account of the cost-effectiveness and high success rates of the technology.

Europe surrogacy market is expected to be worth over USD 61 billion by 2032, owing to improvements in the regional healthcare infrastructure.

IVIRMA, Ovation Fertility, Boston IVF, Circle Surrogacy, Extraordinary Conceptions, and Growing Generations are some of the prominent companies operating in the market.