Surrogacy Market Size, Share, Growth Analysis, By Type(Gestational surrogacy, Traditional surrogacy), By Technology(IVF with ICSI, IUI) - Industry Forecast 2024-2031

Surrogacy Market size was valued at USD 12.97 billion in 2022 and is poised to grow from USD 15.76 billion in 2023 to USD 74.63 billion by 2031, growing at a CAGR of 21.46% in the forecast period (2024-2031).  

The competitive environment of the surrogacy market is made up of a number of participants, including fertility clinics, reproductive law-focused law firms, and surrogacy companies. Industry leaders such as Surrogacy UK, Circle Surrogacy, and Growing Generations retain their market share due to their complete surrogacy services that pair qualified surrogates to intended parents and overlook the whole procedure. Fertility clinics, like CCRM Fertility and the Sher Institutes for Reproductive Medicine, that specialize in reproductive services are also driving competition among themselves and in the market. These clinics provide assisted reproductive technology and medical support throughout the surrogacy process. Legal firms that specialize in reproductive and surrogacy law, like the American Academy of Assisted Reproductive Technology Attorneys, perform important tasks on the legal side of the process, like maintaining adequate paperwork and negotiating legal intricacies. The differing cultural perceptions and shifting laws about surrogacy in separate areas also influence the competitive landscape. The key players of the market need to focus on adjusting and developing products that are aligned with the demand in order to satisfy evolving requirements of both parties in the process while targeting legal and moral compliance. 'Surrogacy Center India - India', 'Circle Surrogacy - United States', 'New Life Network - Ukraine', 'Fertility Bridges - India', 'Fertility Source Companies - United States', 'Surrogacy Kazakhstan - Kazakhstan', 'Feskov Surrogacy Agency - Ukraine', 'Fertility & Genetics - Spain', 'Growing Generations - United States', 'European Sperm Bank - Denmark', 'World Center of Baby - Ukraine', 'Gift of Life Surrogacy - United States', 'IVF Surrogacy - India', 'ConceiveAbilities - United States', 'Surrogacy Georgia - Georgia', 'Ukraine Egg Donors - Ukraine', 'Simple Surrogacy - United States', 'Elite Surrogacy - Ukraine', 'IVF - Czech Republic', 'Surrogacy in Canada Online - Canada', 'Surrogate360 - United States', 'Extraordinary Conceptions - United States', 'SDFC (San Diego Fertility Center) - United States', 'Surrogacy Agency Program - Ukraine', 'Create Fertility Centre - United Kingdom'

The growing acceptance and adoption of Assisted Reproductive Technology (ART) is one of the major drivers of the surrogacy market. Surrogacy was the saving grace for those who had troubles with conception, providing a practical solution to motherhood. The expansion of the market was propelled forward due to improvements in medical technology, success rates, and awareness about surrogacy as a reproductive option.

International Surrogacy and Cross-Border Arrangements: The predominance of overseas surrogacy arrangements was a notable trend in the surrogacy market. Individuals from nations with expensive or restrictive surrogacy laws frequently looked for surrogacy services in nations with more affordable and benevolent rules. For instance, several U.S. states, India, and the Ukraine were common places for international surrogacy. Because of differing laws and norms in many nations, this development created ethical and legal concerns around the rights of intended parents, surrogates, and the child.

Regionally, the leading position in the surrogacy market is held by North America, especially the US. There are a number of factors that influence this dominance, including a sizable pool of prospective surrogates, cutting-edge medical facilities, developed legal frameworks that safeguard the rights of to-be-parents and surrogates, and a generally positive perception of using surrogacy to start a family. Intended parents around the world looking for prospective surrogates or surrogacy arrangements have depicted a preference for the United States in particular.