The surrogacy tourism market is expected to grow at a CAGR of 6.1% during the forecast period. is estimated at US$ 258.8 Million in 2022 and is projected to reach US$ 468.9 Million by 2032. Total sales of surrogacy tourism represent 2-3% of the surrogacy tourism market.
Surrogacy is a method of assisted reproduction in which the intended parents work with a surrogate who carries the baby until birth. Two types of assisted reproductive procedures are used for surrogacy, namely, traditional and gestational. Traditional technology involves the utilization of surrogate eggs, making her biological mother of the baby.
Actively Supporting Business Expansion
While in gestational, the surrogate does not have any type of biological link with the baby. The rise in the number of people suffering from infertility problems including reduced sperm count, and problems in egg or sperm production act as a high-impact rendering factor for the surrogacy tourism market growth.
Factors such as hormonal changes, stress, alcohol consumption, and steroid lead to the rise in infertility cases, thereby, positively impacting the surrogacy tourism market opportunities as well as the surrogacy tourism market future trends.
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Technical Advancement
Technological advancements in assisted reproductive technologies, a rise in awareness regarding infertility treatment, and growth in several fertility clinics are expected to drive the surrogacy tourism market growth during the forecast period.
However, high costs related to the procedure along with stringent regulations about surrogacy in several countries restrict the surrogacy tourism market growth.
Rationale for the Huge Trend of Surrogacy Tourism
Various factors that lead to infertility include a problem with sperm or egg production, age, genetic factors, and excessive exposure to some chemicals and toxins. Alcohol consumption, steroid use, surgical removal of one of the testicles due to cancer, and diabetes can also result in low sperm count, thereby leading to infertility problems in men.
In women, hormonal disorders, benign growths in the uterus, abnormal anatomy of the cervix or uterus, blocked fallopian tubes, stress, chemotherapy, kidney, or sickle cell disease may result in infertility. Thereby, escalating the surrogacy tourism adoption trends.
Regional Outlook
Given the low cost of surrogacy treatment and the significant increase in surrogacy tourism, Asia Pacific surrogacy tourism market captured the highest revenue share.
Furthermore, healthcare facilities for providing fertility treatments are expanding in emerging countries. Thus, low treatment costs, the availability of top medical professionals, and favourable surrogacy regulations are influencing regional surrogacy tourism market growth.
Key Takeaways
- Due to the low cost of surrogacy treatment and the significant rise in reproductive tourism, the Asia Pacific surrogacy tourism market captured more than 28% of revenue share.
- Surrogacy tourism market for 26-35 years age group segment accounted for the highest in the current year of 2022.
- The hospital segment of the surrogacy tourism market was valued at more than USD 1 billion, owing to an increase in the number of hospitals providing surrogacy treatment and the availability of advanced facilities.
- The intrauterine insemination (IUI) treatment segment accounted for 20% of the surrogacy tourism market. IUI is a low-risk infertility treatment that is also one of the most simple and effective options.
“The advanced technology and the continuous rise in demand for surrogacy tourism will boost its surrogacy tourism market in the forecast period.” – FMI Analyst
Who is Winning?
Leading players of surrogacy tourism are focusing on promotional strategies and advertising popular tourist destinations in various regions to improve sales of surrogacy tourism.
Major players present in the surrogacy tourism market are IV Marbella (Spain), Istanbul Fertility and Women’s Health Center (Turkey), Intersono IVF Clinic (Ukraine), Embryolab (Greece), GEST (Praga Medica) (Czech Republic), Smart Choice Medical Travel (Hungary), Ava-Peter Clinic (Russia), Nadezhda Fertility Clinic (Bulgaria) and Medicover Fertility (India) among many others.
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Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Global Surrogacy Tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on Global Surrogacy Tourism by Type (Gestational surrogacy, Traditional surrogacy), By Technology (IVF with ICSI, IVF without ICSI, Intrauterine Insemination), Tour Type (Domestic & International), By Service Provider (Hospitals, Fertility Clinics), By Age Group (26-35 Years, 36-45 Years, and 46-55 Years) & Region.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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