Surrogacy Companies | Forecast by 2033

06 Sep 2024

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Table of Content

1. Surrogacy Market Growth, Trends and Report Highlights 2. Surrogacy Market Trends 3. Top Companies in the Surrogacy Market 4. Regional Insights 5. Market Opportunity and Growth Potential 6. Surrogacy Market Highlights 7. Surrogacy Market News

Surrogacy Market Growth, Trends and Report Highlights

The global surrogacy market surpassed USD 17.55 billion in 2023 and is predicted to attain around USD 157.37 billion by 2033, growing at a CAGR of 24.53% during the forecast period. The need for surrogacy services has expanded as non-traditional family arrangements, such as same-sex couples and single people, are becoming more and more accepted. The overall expansion in technology’s adoption across the globe is seen to support the growth of the surrogacy market.

Market Overview

The surrogacy market revolves around the offering of medical services to the couples that found it medically complicated to reproduce. The market has grown due to improvements in surrogacy accessibility and efficacy brought about by medical and reproductive advancements. The surrogacy market produces significant economic activity, including the creation of jobs in the legal, medical, and support services sectors and sizable financial transactions associated with surrogacy agreements.

• In November 2023, Ovia Health evolved into a digital provider of family health benefits that collaborates with employers and payers. The Boston-based company offers services such as period monitoring, assistance with starting a family, and menopause support. Through the Ovia Health app, users can get one-on-one help from family health specialists, a personalized care plan, and on-demand health coaching.

Surrogacy Market Trends

• Men and women who are single are looking into surrogacy to have a biological kid.
• In vitro fertilization (IVF) and other assisted reproductive technologies (ART) have seen significant technological advancements that have increased surrogacy's accessibility and efficacy for infertile couples.
• More couples can afford surrogacy services thanks to rising salaries and increased access to healthcare in many nations.
• Couples looking for more economical options are drawn to surrogacy services offered in nations with lower expenses than others.
• Cross-border surrogacy agreements are becoming more common as healthcare, including reproductive services, becomes more globally integrated.

Growing acceptance and legalization of same sex marriages in various countries is driving the surrogacy market

Same-sex couples are turning more and more to surrogacy to establish families as same-sex marriage gains acceptance and legal status. Same-sex male couples cannot conceive naturally, unlike heterosexual couples. Hence, a surrogate must be used to carry and deliver the child. The demand for surrogates from same-sex couples is rising, which helps to fuel the market's rise. Surrogates and intended parents enjoy additional legal rights in many places where same-sex marriage is permitted. A more secure atmosphere for all parties participating in surrogacy agreements is created by this legal clarity and protection, which encourages more same-sex couples to consider this option.

Top Companies in the Surrogacy Market

• IVIRMA
• Boston IVF
• Ovation Fertility
• Extraordinary Conceptions
• Bourn Hall International (TVM Capital Healthcare)
• Circle Surrogacy
• Growing Generations
• New Hope Fertility Clinic

Recent Innovation in the Surrogacy Market by Boston IVF

Recent Innovation in the Surrogacy Market by IVI RMA

Regional Insights

North America dominated in the surrogacy market in 2023. Women who have considered surrogacy find it more appealing because so many surrogacy firms in North America provide complete financial support and insurance alternatives for surrogates. Due to ongoing research and development in reproductive technologies and procedures, North America is at the forefront of the reproductive sector. Genetic screening, embryo transfer methods, and other advances keep improving the security and success of surrogacy.

Europe held a notable share in the surrogacy market during the forecast period. The public and medical communities are coming around to surrogacy in several European countries. This acceptance contributes to developing a favorable atmosphere for intended parents and surrogates alike. Using their reputations for excellence and dependability, several European surrogacy companies aggressively promote their services abroad to draw clients from nations where surrogacy may be more difficult or expensive.

Asia- Pacific shows lucrative growth in the surrogacy market during the forecast period. Asia-Pacific draws clients worldwide with its affordable costs, legal benefits, and top-notch medical care. Individuals and couples from nations where surrogacy is either illegally prohibited or unreasonably expensive are increasingly choosing to travel to this region. Government incentives and rules are in place in certain countries to support and control the surrogacy sector. By defending the rights of all parties and advancing moral behavior, these programs hope to create a more secure and alluring business environment.

• In May 2023, Generation Prime is opening its first two clinics in Bangkok and Kuala Lumpur to increase patient access to IVF and other reproductive therapies in Asia. Additionally, the business said it has received seed finance headed by Recharge Capital, which served as its incubator. Thiel Capital, Blue Lion Global, and Shamrock Holdings, the Disney family's investment vehicle, participated.

Market Opportunity and Growth Potential

Expansion of legal frameworks

Increasing the scope of legal frameworks contributes to establishing definite, enforceable rights and obligations for surrogacy participants. Clinics, surrogates, and potential parents may all feel more confident due to this improved legitimacy. Legal frameworks frequently include norms and instructions for conduct. The surrogacy industry is more professionally run because agencies and clinics are held to ethical and regulatory standards. Investor willingness to invest in surrogacy services and related technology may increase as the legal environment improves, further propelling market expansion.

Surrogacy Market Highlights

Surrogacy Market News

• In July 2024, with great pride, Conceive Abilities announces the #EmpowerNursesChallenge, an effort to counteract compassion fatigue in nurses and express gratitude for their unwavering commitment and care. By participating in this challenge, nurses can share their resilience and emotional well-being techniques and win prizes, such as $100 self-care hampers.
• In May 2024, Using the first-ever ESG indicators for sexual and reproductive health, UNFPA, the United Nations agency for sexual and reproductive health, has started a ground-breaking program to assist organizations in improving the reproductive health of their workforce.

Market Segmentation

By Type

• Gestational Surrogacy
• Traditional Surrogacy

By Technology

• Intrauterine Insemination (IUI)
• In-Vitro Fertilization (IVF)
• Classical/Standard IVF
• Intracytoplasmic Sperm Injection (ICSI)
• Others

By Age Group

• Below 35 Years
• 35-37 Years
• 38-39 Years
• 40-42 Years
• 43-44 Years
• Over 44 Years

By Service Provider

• Hospitals
• Fertility Clinics
• Others

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