Industry Background:
Surrogacy service is an arrangement by which a woman carries and delivers a child for another couple or person. There are two types of surrogacy which are traditional surrogacy and gestational surrogacy. This type of service helps the intended parents, same-sex couples who want to complete their family. Surrogacy is legal in most of the countries Ukraine, the U.S., Thailand, Russia, and India.
According to AMA Research, the market for Surrogacy Service is expected to register a CAGR of 21.5% during the forecast period to 2030. This growth is primarily driven by Growing Number of Infertility Issues
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Circle Surrogacy & Egg Donation (United States), New Beginnings Surrogacy Services (United States), New Life Global Network (United Kingdom), World Center of Baby (Ukraine), Worldwide Surrogacy Specialists, LLC. (United States), Growing Generations, LLC. (United States), ConceiveAbilities (United States), Surrogacy 365 (United States), Anmol Fertility & IVF Clinic (India), Ovation Fertility (United States) and Southern Surrogacy (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2022, Boston IVF partnered with the Delaware Institute for Reproductive Medicine (DIRM). This collaboration was intended to help the firm deliver state-of-the-art fertility treatments through advanced procedures such as In-Vitro Fertilization (IVF), male infertility, preimplantation genetic testing, and egg freezing among others.
In November 2023, Surrogacy.com was launched by Northstar Fertility as a new, trusted resource and community for surrogates. It aims to educate, guide, onboard, and support surrogates throughout the surrogacy process.The global surrogacy service market is fragmented due to the presence of several players at the global and regional levels. The level of competition among the companies in the surrogacy service market is intense. Companies are investing in new technologies to enhance their market presence.
Regulatory Insights:
“India legalized commercial surrogacy in 2002, the immense growth of surrogacy in India led to an impeccable growth of several commercial firms and firms claiming specialty in surrogacy law and guiding and assisting foreign tourists who came in search of having an Indian mother rent her womb for the blessing of a child. Such arrangements can be considered to be exploitative in nature as they are not only encourage baby selling but also diminish the dignity of women's reproductive capacities and the inherent value of the children by modifying them. This paved way for the establishment of various foreign companies in India, assisting people coming around the globe and helping them find a surrogate Indian mother, assisting the foreigners in paperwork related to surrogacy, and assisting the child in acquiring a passport and a visa to depart from the country.”
Influencing Trend:
Increasing Adoption of Gestational Surrogacy In India
Market Growth Drivers:
Growing Number of Infertility Issues and Rising Number of LGBT Couples
Challenges:
Market Presence with Numerous Players Pose a Challenge for Surrogacy Service
Restraints:
Regulatory Guidelines Associated with Surrogacy May Restraint Market Growth and High Cost of Legal process May Restraints the Surrogacy Service Market
Opportunities:
Increasing Awareness about Surrogacy Among the People in the Countries Creating Opportunities in The Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Surrogacy Service Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Surrogacy Service Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Surrogacy Service players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Surrogacy Service Study Sheds Light on
The Surrogacy Service Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Surrogacy Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Surrogacy Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.