The expansion of COMMERCIAL SURROGACY and the field's barriers
Commercial surrogacy is an arrangement where a woman is compensated for bearing a pregnancy for another person or couple.Altruistic surrogacy is an alternative surrogacy, in which a woman voluntarily agrees to carry a pregnancy for the intended parents without receiving any financial compensation
Reports indicate that by 2022, the commercial surrogacy market have risen to an estimated $14 billion.This figure is expected to increase by $129 billion by 2032.
EMERGE IN THE FIELD
Before this year, Ukraine was the world's second-largest surrogacy market after the United States, drawing foreign would-be parents due to lower charges and supportive regulatory system.
The Russian invasion of Ukraine, on the other hand, pushed the sector into nations like Georgia, which have regulations similar to Ukraine's
According to reports, Surrogacy in Georgia costs between Rs. 23-30 lakh, which is more expensive than in India but far less expensive than in Western countries such as the United States, where the average cost is between $120,000-150,00
COMMERCIAL SURROGACY COST
In 2022, the Indian government implemented legislation prohibiting commercial surrogacy in the country. The change in rules had an influence on India's $375 million surrogacy sector, which was dispersed across 3,000 centers.
SURROGACY AND India
Surrogacy laws differ from nation to nation and state to state.In the United States, the practise is legal in some states but banned in others.Only altruistic surrogacy is permissible in countries such as Canada, Australia, and the United Kingdom.