Global surrogacy market size reached US$ 161.83 Million in 2021. By 2027, It will reach a value of US$ 240.56 Million, growing at a CAGR of 6.62% (2022-2027).

The latest research study “Surrogacy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global surrogacy market reached a value of US$ 161.83 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 240.56 Million by 2027, exhibiting a CAGR of 6.62% during 2022-2027.

Surrogacy is a method in which a surrogate bears and gives birth to a child on behalf of another person or couple. It is supported by a legal agreement and provides parenthood to individuals, members of the LGBT community, and those with infertility or other medical issues. It enables one or both parents to maintain a biological relationship with the child. Since the cases of infertility due to problems in egg or sperm production or reduced sperm count are increasing, surrogacy is gaining immense traction across the globe.