Report Code: A01842 | Sep 2023 | Pages: 130 | ||
Tables: 57 | Charts: 21 |
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The India in-vitro fertilization (IVF) services market size was valued at $883.50 Million in 2022 and is estimated to surpass $4667.80 Million by 2032, exhibiting a CAGR of 18.08% from 2023-2032.
The in-vitro fertilization (IVF) refers to the specialized healthcare sector focused on assisted reproductive technologies (ART), used to help couples and individuals conceive a child. IVF involves the fertilization of an egg with sperm outside the human body in a laboratory setting. The process typically includes ovarian stimulation, egg retrieval, fertilization in a controlled environment, and embryo transfer into the uterus. IVF is utilized in cases of infertility, certain medical conditions, or for fertility preservation. The market encompasses various services, technologies, and equipment related to IVF procedures, such as pre-implantation genetic testing, cryopreservation, and specialized culture media. It addresses the growing demand for fertility treatments and supports individuals seeking to overcome reproductive challenges.
Market dynamics
The India In-vitro fertilization services market is driven by several factors that contribute to its growth and development. Rise in the median age of first-time mothers drives the growth of the market. It is observed that, there has been a noticeable trend towards women delaying childbirth for various reasons, such as pursuing higher education, career advancement, and financial stability. As women age, their fertility declines, and the chances of natural conception decrease. This delay in starting a family has led to increase in demand for IVF treatments, as these technologies offer hope and options for achieving pregnancy even at an older age.
Furthermore, the increasing number of fertility clinics and the improving success rates of fertility treatments are significant drivers for the growth of the market. As the demand for fertility services rises, more clinics are entering the market to cater to the growing needs of individuals and couples seeking fertility treatments. Further, advancements in assisted reproductive technologies and continuous R&D contribute to higher success rates in fertility treatments. This includes improved embryo selection methods, better culture media, and enhanced techniques for cryopreservation, leading to higher chances of successful pregnancies.
Therefore, combination of these factors, including the rise in fertility clinics and the increasing success rates, creates a positive perception of fertility treatments among potential patients. As more individuals become aware of the higher chances of achieving pregnancy through these treatments, the demand for fertility services, especially IVF, continues to grow, thus driving the overall market expansion.
However, factors that restrain the market growth include complications related to IVF treatment, such as ovarian hyperstimulation syndrome, multiple pregnancies, ectopic pregnancies, and the risk of miscarriages. Furthermore, fertility drugs used during treatment may cause side effects, and egg retrieval can pose risks like bleeding or infection. Patients may experience emotional and physical stress, leading some to reconsider or avoid IVF. Negative experiences and reports of complications may also create apprehension among potential patients, reducing the demand for IVF services. These concerns and potential adverse outcomes present challenges for the growth and acceptance of IVF treatments.
During the COVID-19 pandemic, the India in-vitro fertilization (IVF) services market experienced a significant decline due to treatment suspensions and delays caused by safety concerns and travel restrictions. Organizations such as the American Society for Reproductive Medicine (ASRM) recommended the postponement of new fertility cycles and non-urgent procedures, leading to reduced footfall and disruptions in the supply chain for clinics. In addition, international patients were deterred from seeking treatment in countries including India.
However, post-COVID, there has been a notably increase in fertility clinics, thus driving the growth of the IVF services market. The pandemic highlighted the importance of reproductive health, creating heightened awareness and demand for fertility treatments. To cater to this growing need, more clinics are entering the market, especially in regions with limited access to IVF services.
Furthermore, clinics are adopting strategic measures, such as offering discounted prices for certain procedures, to gain a competitive edge and attract a larger patient base. By providing more affordable options, clinics aim to make IVF treatments accessible to a broader segment of the population and encourage more patients to consider and opt for IVF services.
As a result, the combination of increased clinic presence and patient-attracting strategies like discounted pricing is expected to boost the IVF services market during the forecast period. Also, advancements in technology, changes in regulations, and shifts in patient preferences are expected to play essential roles in shaping the future of the IVF industry.
Segmental Overview
The India in-vitro fertilization (IVF) services market is segmented on the basis of gender, procedure, cycle type, end user, and offering. By gender, it is divided into female infertility, male infertility, and others. By procedure, it is classified into intracytoplasmic sperm injection (ICSI-IVF), non-ICSI-IVF, and intrauterine insemination (IUI). By cycle type, the market is categorized into fresh cycle (non-donor), thawed cycle (non-donor), and donor egg IVF cycle. By end user, it is segmented into fertility clinics, hospitals, surgical centers, and clinical research institutes. By offering, it is divided into IVF drugs, IVF media & reagents, and IVF and IUI services.
By Gender:
The India in-vitro fertilization services market is segmented into female infertility and male infertility. The female infertility segment held the highest market share in terms of revenue in 2022 and is expected to maintain its dominance during the forecast period, owing to rising prevalence of female infertility and rise in numerous medical conditions ,such as fibroid development, endometriosis, polycystic ovarian syndrome, ovulation disorders, damage to the fallopian tubes and uterus, as well as complications associated with the cervix . However, the male infertility segment is expected to witness highest CAGRs during the forecast period, owing to advancements in diagnostic technologies. There have been significant improvements in diagnosing male infertility factors, leading to more precise and personalized treatment approaches for the treatment. Further, semen analysis, genetic testing, and specialized imaging techniques now play a crucial role in pinpointing specific male infertility issues, allowing clinicians to offer tailored treatment options. Moreover, lifestyle factors like smoking, excessive alcohol consumption, and sedentary habits are also recognized to have a notable impact on male fertility, thus driving the segment growth.
By Procedure:
The India in-vitro fertilization services market is classified into intracytoplasmic sperm injection (ICSI-IVF), non-ICSI-IVF, and intrauterine insemination (IUI). The ICSI-IVF segment held the highest market share in terms of revenue in 2022 and is expected to maintain its dominance during the forecast period. The benefits of the ICSI-IVF technique are attributed to several factors. It allows for better fertilization outcomes since only one sperm and one egg is directly involved in the process, increasing the chances of successful fertilization. This targeted approach reduces the risk of multi-nucleation, a condition where multiple sperm enter the egg, which can negatively affect embryo development. In addition, ICSI-IVF bypasses the need for the acrosome reaction, which is a natural process in conventional IVF where the sperm must penetrate the egg's outer layer (zona pellucida). By directly injecting the sperm into the egg, this step is circumvented, which can be advantageous, especially in cases where the sperm may have difficulty penetrating the egg's outer layer.
However, the non-ICSI-IVF segment is expected to witness highest CAGRs during the forecast period, owing to its cost-effectiveness, thus the ICSI-IVF procedure has become a popular choice. However, advancements in embryo selection techniques and culture media have significantly improved the success rates of non-ICSI-IVF treatments as well. These developments have made non-ICSI-IVF a reliable and viable option for couples seeking to achieve successful pregnancies.
By Cycle Type
The India in-vitro fertilization services market is classified fresh cycle (non-donor), thawed cycle (non-donor), and donor egg IVF cycle. The fresh cycle segment held the highest market share in terms of revenue in 2022 and is expected to maintain its dominance during the forecast period, owing to enhanced success rates observed in fresh cycle IVF treatments. They have become more favored by couples seeking infertility solutions. Furthermore, fresh cycle IVF provides increased flexibility since it permits multiple attempts if the initial cycle is unsuccessful, without requiring additional expensive freezing and storage processes. However, the thawed cycle segment is expected to witness highest CAGRs during the forecast period, owing to the increasing adoption of cryopreservation techniques. These techniques offer several advantages, including flexibility, comparable success rates, cost-effectiveness, and the ability to preserve fertility. As a result, more and more individuals and couples are opting for this approach, contributing to its expanding popularity.
By End User
The India in-vitro fertilization services market is classified into fertility clinics, hospitals, surgical centers, and clinical research institutes. The fertility clinics segment held the highest market share in terms of revenue in 2022 and is expected to maintain its dominance during the forecast period. This is attributed to the availability of multiple fertility clinics. In addition, fertility clinics are specialized centers equipped with advanced technology and skilled medical professionals, offering a comprehensive range of fertility services, including in vitro fertilization (IVF), intrauterine insemination (IUI), egg freezing, and gamete donation. Furthermore, the success rates of fertility clinics have also improved over the years due to advancements in technology and treatment protocols, thus boosting their reputation and attracting more patients.
By Offering:
The India In-vitro fertilization services market is classified into IVF drugs, IVF media & reagents, and IVF and IUI services. The IVF and IUI services segment held the highest market share in terms of revenue in 2022 and is expected to maintain its dominance during the forecast period This is attributed to the rising adoption of IVF and IUI services, which has been driven by increase in infertility cases among both, men and women. In addition, the growing awareness and acceptance of assisted reproductive technologies (ART) has played a significant role in boosting the popularity of this segment. As more people become knowledgeable about these advanced fertility treatments and their notable success rates, the demand for IVF and IUI services has witnessed a substantial surge.
Competition Analysis
Competitive analysis and profiles of the major players in the India in-vitro fertilization services market such as Major players that operate in the market include Apollo Fertility, ART Fertility Clinics, Bavishi Fertility Institute, Bloom IVF Group, Craft Hospital & Research Centre, Dr. Thomas Fertility Center/Chennai Fertility Centers, Gunasheela Fertility Center, Indira IVF, Iswarya fertility Center, and Nova IVF Fertility. Key players have adopted strategy such as expansion to enhance their product portfolio.
Recent Expansion in India In-vitro fertilization Services Market
India In-vitro Fertilization Services Market Report Highlights
Aspects | Details |
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By Gender |
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By Procedure |
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By Cycle Type |
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By End User |
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By Offering |
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By Key Market Players |
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Key Market Players | Indira IVF Hospital Private Limited, Craft Hospital & Research Centre, Bloom Fertility Centre, Gunasheela Fertility Center, Nova IVF Fertility, Iswarya Fertility Centers, Chennai Fertility Centre, Morpheus Life Sciences Pvt. Ltd., ART Fertility Clinics, Bavishi Fertility Institute |
CHAPTER 1: Â INTRODUCTION
1.1. Â Report Description
1.2. Â Key Market Segments
1.3. Â Key benefits
1.4. Â Research methodology
1.4.1. Â Primary research
1.4.2. Â Secondary research
1.4.3. Â Analyst tools and models
CHAPTER 2: Â EXECUTIVE SUMMARY
2.1. Â Key findings of the study
2.2. Â CXO Perspective
CHAPTER 3: Â MARKET OVERVIEW
3.1. Â Market definition and scope
3.2. Â Key findings
3.2.1. Â Top investment pockets
3.3. Â Porters five forces analysis (Nutri IVF point of view)
3.4. Â Market Dynamics
3.4.1. Â Drivers
3.4.1.1. Â Increase in infertility rates
3.4.1.2. Â Technological advancements in IVF
3.4.1.3. Â Rise in gamete donations
3.4.2. Â Restraints
3.4.2.1.  Complications associated with IVF treatment 
3.4.3. Â Opportunity
3.4.3.1.  Rise in fertility tourism 
3.5. Â COVID 19 Impact Analysis
3.6. Â Market volume and forecast, by North Zone
3.7. Â Market volume and forecast, by South Zone
3.8. Â Market volume and forecast, by East Zone
3.9. Â Market volume and forecast, by West Zone
3.10. Â Market volume and forecast, by Central Zone
3.11. Â Average costing of leading centers, by Cycle Type
CHAPTER 4: Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY GENDER
4.1. Â Market Overview
4.1.1. Â Market size and forecast
4.2. Â Male Infertility
4.2.1. Â Key market trends, growth factors and opportunities
4.3. Â Female Infertility
4.3.1. Â Key market trends, growth factors and opportunities
4.4. Â Others
4.4.1. Â Key market trends, growth factors and opportunities
CHAPTER 5: Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY PROCEDURE
5.1. Â Overview
5.1.1. Â Market size and forecast
5.2. Â ICSI IVF
5.3. Â Non ICSI IVF
5.4. Â IUI
5.4.1. Â Market volume and forecast, by IVF Specialist and Other Providers
CHAPTER 6: Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY CYCLE TYPE
6.1. Â Overview
6.1.1. Â Market size and forecast
6.2. Â Fresh IVF Cycles
6.3. Â Thawed IVF Cycles
6.4. Â Donor Egg IVF Cycles
CHAPTER 7: Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY END USER
7.1. Â Overview
7.1.1. Â Market size and forecast
7.2. Â Fertility Clinics
7.3. Â Hospitals
7.4. Â Surgical Centers
7.5. Â Clinical Research Institutes
CHAPTER 8: Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY OFFERING
8.1. Â Overview
8.1.1. Â Market size and forecast
8.2. Â IVF Drugs
8.3. Â IVF Media and Reagents
8.4. Â IVF and IUI Services
CHAPTER 9: Â COMPETITIVE LANDSCAPE
9.1. Â Introduction
9.2. Â Top winning strategies
9.2.1. Â Top winning strategies, by year, 2021
9.2.2. Â Top winning strategies, by development, 2021(%)
9.2.3. Â Top winning strategies, by company, 2021
9.3. Â Product mapping of top 10 player
9.4. Â Competitive dashboard
9.5. Â Competitive heatmap
9.6. Â Top player positioning 2022
CHAPTER 10: Â COMPANY PROFILES
10.1. Â ART FERTILITY CLINICS
10.1.1. Â Company overview
10.1.2. Â Key executives
10.1.3. Â Company snapshot
10.1.4. Â Operating business segments
10.1.5. Â Product portfolio
10.2. Â MORPHEUS LIFE SCIENCES PVT. LTD. (MLSPL)
10.2.1. Â Company overview
10.2.2. Â Key executives
10.2.3. Â Company snapshot
10.2.4. Â Operating business segment
10.2.5. Â Product portfolio
10.3. Â BLOOM FERTILITY CENTRE
10.3.1. Â Company overview
10.3.2. Â Key executives
10.3.3. Â Company snapshot
10.3.4. Â Operating business segments
10.3.5. Â Product portfolio
10.4. Â INDIRA IVF HOSPITAL PRIVATE LIMITED
10.4.1. Â Company overview
10.4.2. Â Key executives
10.4.3. Â Company snapshot
10.4.4. Â Operating business segments
10.4.5. Â Product portfolio
10.5. Â ISWARYA FERTILITY CENTERS
10.5.1. Â Company overview
10.5.2. Â Key executives
10.5.3. Â Company snapshot
10.5.4. Â Operating business segments
10.5.5. Â Product portfolio
10.6. Â NOVA IVI FERTILITY
10.6.1. Â Company overview
10.6.2. Â Key executives
10.6.3. Â Company snapshot
10.6.4. Â Operating business segments
10.6.5. Â Product portfolio
10.6.6. Â Key strategic moves and developments
10.7. Â GUNASHEELA FERTILITY CENTER
10.7.1. Â Company overview
10.7.2. Â Key executives
10.7.3. Â Company snapshot
10.7.4. Â Operating business segments
10.7.5. Â Product portfolio
10.8. Â CHENNAI FERTILITY CENTERS
10.8.1. Â Company overview
10.8.2. Â Key executives
10.8.3. Â Company snapshot
10.8.4. Â Operating business segments
10.8.5. Â Product portfolio
10.9.  CRAFT HOSPITAL & RESEARCH CENTRE
10.9.1. Â Company overview
10.9.2. Â Key executives
10.9.3. Â Company snapshot
10.9.4. Â Operating business segments
10.9.5. Â Product portfolio
10.10. Â BAVISHI FERTILITY INSTITUTE
10.10.1. Â Company overview
10.10.2. Â Key executives
10.10.3. Â Company snapshot
10.10.4. Â Operating business segments
10.10.5. Â Product portfolio
LIST OF TABLES
TABLE 01. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY NORTH ZONE, 2022-2032 (VOLUME)
TABLE 02. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY SOUTH ZONE, 2022-2032 (VOLUME)
TABLE 03. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY EAST ZONE, 2022-2032 (VOLUME)
TABLE 04. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY WEST ZONE, 2022-2032 (VOLUME)
TABLE 05. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY CENTRAL ZONE, 2022-2032 (VOLUME)
TABLE 06. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, SERVICE COST BY CYCLE TYPE, 2022
TABLE 07.  INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY GENDER, 2022-2032 (₹CRORE)
TABLE 08. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY GENDER, 2022-2032 (VOLUME)
TABLE 09.  INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY PROCEDURE, 2022-2032 (₹CRORE)
TABLE 10. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY PROCEDURE, 2022-2032 (VOLUME)
TABLE 11. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY IVF SPECIALIST AND OTHERS, 2022-2032 (VOLUME)
TABLE 12.  INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY CYCLE TYPE, 2022-2032 (₹CRORE)
TABLE 13. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY CYCLE TYPE, 2022-2032 (VOLUME)
TABLE 14.  INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY END USER, 2022-2032 (₹CRORE)
TABLE 15. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY END USER, 2022-2032 (VOLUME)
TABLE 16.  INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY OFFERING, 2022-2032 (₹CRORE)
TABLE 17. Â ART FERTILITY CLINICS.: KEY EXECUTIVES
TABLE 18. Â ART FERTILITY CLINICS.: COMPANY SNAPSHOT
TABLE 19. Â ART FERTILITY CLINICS. PRODUCT SEGMENTS
TABLE 20. Â ART FERTILITY CLINICS.: PRODUCT PORTFOLIO
TABLE 21. Â MORPHEUS IVF: KEY EXECUTIVES
TABLE 22. Â MORPHEUS IVF: COMPANY SNAPSHOT
TABLE 23. Â MORPHEUS IVF: PRODUCT SEGMENT
TABLE 24. Â MORPHEUS IVF: PRODUCT PORTFOLIO
TABLE 25. Â BLOOM IVF: KEY EXECUTIVES
TABLE 26. Â BLOOM IVF: COMPANY SNAPSHOT
TABLE 27. Â BLOOM IVF :PRODUCT SEGMENTS
TABLE 28. Â BLOOM IVF: PRODUCT PORTFOLIO
TABLE 29. Â INDIRA IVF.: KEY EXECUTIVE
TABLE 30. Â INDIRA IVF.: COMPANY SNAPSHOT
TABLE 31. Â INDIRA IVF: PRODUCT SEGMENTS
TABLE 32. Â INDIRA IVF: PRODUCT PORTFOLIO
TABLE 33. Â ISWARYA FERTILITY CENTERS.: KEY EXECUTIVES
TABLE 34. Â ISWARYA FERTILITY CENTERS.: COMPANY SNAPSHOT
TABLE 35. Â ISWARYA FERTILITY CENTERS: PRODUCT SEGMENTS
TABLE 36. Â ISWARYA FERTILITY CENTERS: PRODUCT PORTFOLIO
TABLE 37. Â NOVA IVF: KEY EXECUTIVES
TABLE 38. Â NOVA IVF: COMPANY SNAPSHOT
TABLE 39. Â NOVA IVF: PRODUCT SEGMENTS
TABLE 40. Â NOVA IVF: PRODUCT PORTFOLIO
TABLE 41. Â NOVA IVF: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 42. Â GUNASHEELA FERTILITY CENTER: KEY EXECUTIVE
TABLE 43. Â GUNASHEELA FERTILITY CENTER: COMPANY SNAPSHOT
TABLE 44. Â GUNASHEELA FERTILITY CENTER: PRODUCT SEGMENTS
TABLE 45. Â GUNASHEELA FERTILITY CENTER: PRODUCT PORTFOLIO
TABLE 46. Â CHENNAI FERTILITY CENTRE: KEY EXECUTIVES
TABLE 47. Â CHENNAI FERTILITY CENTRE: COMPANY SNAPSHOT
TABLE 48. Â CHENNAI FERTILITY CENTRE: PRODUCT SEGMENTS
TABLE 49. Â CHENNAI FERTILITY CENTRE: PRODUCT PORTFOLIO
TABLE 50. Â CRAFT: KEY EXECUTIVES
TABLE 51. Â CRAFT: COMPANY SNAPSHOT
TABLE 52. Â CRAFT: PRODUCT SEGMENTS
TABLE 53. Â CRAFT: PRODUCT PORTFOLIO
TABLE 54. Â BAVISHI FERTILITY INSTITUTE: KEY EXECUTIVES
TABLE 55. Â BAVISHI FERTILITY INSTITUTE: COMPANY SNAPSHOT
TABLE 56. Â BAVISHI FERTILITY INSTITUTE :PRODUCT SEGMENTS
TABLE 57. Â BAVISHI FERTILITY INSTITUTE: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET
FIGURE 02. Â SEGMENTATION OF INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET
FIGURE 03. Â TOP INVESTMENT POCKETS IN INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET (2022-2032)
FIGURE 04. Â MODERATE BARGAINING POWER OF BUYERS
FIGURE 05. Â MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06. Â MODERATE THREAT OF NEW ENTRANTS
FIGURE 07. Â HIGH THREAT OF SUBSTITUTION
FIGURE 08. Â MODERATE COMPETITIVE RIVALRY
FIGURE 09. Â OPPORTUNITIES, RESTRAINTS AND DRIVERS: INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET
FIGURE 10. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET, BY GENDER, 2022-2032 (%) REVENUE
FIGURE 11. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET SEGMENTATION, BY PROCEDURE, 2022-2032 (%) REVENUE
FIGURE 12. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET SEGMENTATION, BY CYCLE TYPE, 2022-2032 (%) REVENUE
FIGURE 13. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET SEGMENTATION, BY END USER, 2022-2032 (%) REVENUE
FIGURE 14. Â INDIA IN-VITRO FERTILIZATION (IVF) SERVICES MARKET SEGMENTATION, BY OFFERING, 2022-2032 (%) REVENUE
FIGURE 15. Â TOP WINNING STRATEGIES, BY YEAR, 2021
FIGURE 16. Â TOP WINNING STRATEGIES, BY DEVELOPMENT, 2021
FIGURE 17. Â TOP WINNING STRATEGIES, BY COMPANY, 2021
FIGURE 18. Â PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 19. Â COMPETITIVE DASHBOARD
FIGURE 20. Â COMPETITIVE HEATMAP: INDIA IN-VITRO FERTILIZATION (IVF) SERVICES
FIGURE 21. Â TOP PLAYER POSITIONING, 2022
This section provides various opinions of top-level CXOs in the India in-vitro fertilization (IVF) services market. According to the insights of CXOs, the India in-vitro fertilization (IVF) services market presents several opportunities and challenges. The rise in infertile population and surge in fertility tourism in the region is potentially driving the market growth. Furthermore, the rise in medical conditions such as PCOS, fallopian tube obstruction and endometriosis that affect the fertility rate, are further anticipated to drive the market growth.
CXOs further stated that the increase in success rate of IVF, surge in disposable income, and rise in trend of delayed pregnancies further drive the market growth. Moreover, rise in technological advancements and growing awareness regarding the IVF procedures, significantly boost the growth of the India in-vitro fertilization (IVF) services market. However, complications associated with the use of IVF and inadequate reimbursement policies are expected to hinder the market growth. In addition, improved healthcare infrastructure, introduction of fertility programs, and enhanced access to diagnosis and treatment, contribute to the growing demand for the India IVF service market.
A. The total market value of India In-Vitro Fertilization (IVF) Services Marketis $0.8 billion in 2022.
A. The forecast period for India In-Vitro Fertilization (IVF) Services Market is 2023-2032.
A. The market value of India In-Vitro Fertilization (IVF) Services Market in 2032 is $4.6 billion.
A. The base year is 2022 in India In-Vitro Fertilization (IVF) Services Market
A. Major key players that operate in the India In-Vitro Fertilization (IVF) Services Market are Nova IVF Fertility, Bloom Fertility Centre, Indira IVF Hospital Private Limited, and ART Fertility Clinics.
A. The ICSI IVF segment is the most influencing segment in the India In-Vitro Fertilization (IVF) Services Market.This is attributed to benefits associated with ICSI-IVF technique such as better fertilization and minimization of multi-nucleation since only one sperm and one egg is involved in this technique as well as there is no acrosome reaction taking place in this technique.
A. The India In-Vitro Fertilization (IVF) Services Market growth is driven by an increase in infertility rates, technological advancements in IVF and rise in gamete donations .
A. In-vitro fertilization (IVF) process involves fertilization of egg cells by sperm outside the woman’s body and then implanting it in the uterus. It is a type of assisted reproductive technology (ART) based treatment, which is used to treat fertility or genetic problems to assist with conception of child.
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