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India In-Vitro Fertilization Services Market Expected to Reach $4.6 billion by 2032

 
2022
India In-Vitro Fertilization Services Market

Report Code : A01842

quote Growth of the India in-vitro fertilization (IVF) services market is attributed an increase in the prevalence of infertility cases, surge in technological advancements and rise in adoption of IVF as a remedy for parenthood is driving the market growth quote

Onkar Sumant
Manager, Healthcare at Allied Market Research

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According to a new report published by Allied Market Research, titled, " India In-Vitro Fertilization (IVF) Services Market by gender, procedure, cycle type, end user and offering: Global Opportunity Analysis and Industry Forecast, 2023–2032," The India in-vitro fertilization services market size was valued at $0.8 billion in 2022 and is estimated to surpass $4.6 billion by 2032, exhibiting a CAGR of 18.08% from 2023-2032.

Fertility services involve a range of procedures aimed at assisting individuals and couples with fertility challenges in achieving successful conception. These services utilize assisted reproductive technology (ART) methods to support both, single parents, and couples on their path to parenthood. The growth of the fertility services industry is driven by the rising occurrence of fertility disorders and gynecological conditions, which often lead to delayed pregnancies. As more individuals seek assistance in overcoming these challenges, the demand for fertility services continues to increase, providing hope and solutions for those aspiring to start or expand their families.

The India in-vitro fertilization (IVF) services market is driven by decline in fertility rate, owing to rise in fertility disorders such as polycystic ovarian disorder (PCOD) and polycystic ovarian syndrome (PCOS) in women. For instance, according to a UNICEF India report in 2022, a study conducted in Southern India and Maharashtra, stated that about 9.13% of menstruating women in those regions suffer from PCOS, while 22.5% have PCOD. In addition, both these hormonal disorders have infertility as a shared side effect.

Furthermore, changing lifestyle factors, such as smoking, unhealthy diets, and alcohol consumption, are also contributing to prevailing infertility cases. Modern lifestyles with stress, sedentary habits, and poor dietary choices can impact reproductive health, leading to a decline in fertility rates. Thus, such factors are contributing to decrease in fertility rate, thereby driving the market growth.

However, factors that restrain the market growth include limited insurance coverage for fertility treatments, which creates financial barriers for patients and reduces their access to services. In addition, complications associated with IVF, such as ovarian hyperstimulation syndrome and multiple pregnancies, may discourage some individuals from seeking treatment, thus having a negative impact on market growth.

On the basis of gender, the female infertility segment held the largest market share in terms of revenue in 2022 and is expected to witness fastest CAGRs during the forecast period, owing to increase in prevalence of female infertility due to multiple medical conditions such as age, fibroid development, endometriosis, polycystic ovarian syndrome, ovulation disorders, damage associated with fallopian tubes, uterus, and problems associated with the cervix.

The female infertility segment accounted for the largest market share in terms of volume in 2022, and is also anticipated to grow at a fastest rate in terms of volume during the forecast period.

Depending on procedure, the ICSI-IVF segment held the largest market share in terms of revenue in 2022 and is expected to witness fastest CAGRs during the forecast period. 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.

The IUI segment accounted for the largest market share in terms of volume in 2022; however, the ICSI-IVF segment is anticipated to grow at a fastest rate in terms of volume during the forecast period.

By cycle, the fresh cycle segment held the largest market share in terms of revenue in 2022 and is expected to maintain its dominance during the forecast period, owing to improved success rates of fresh cycle IVF treatments. Moreover, fresh cycle IVF treatments offer greater flexibility, as they allow for multiple attempts if the first cycle is not successful, without the need for additional costly freezing and storage procedures. However, the thawed cycle segment is expected to witness highest CAGRs during the forecast period, owing to increasing use of cryopreservation techniques, combined with the advantages of flexibility, comparable success rates, cost-effectiveness, and fertility preservation.

The fresh IVF cycle segment accounted for the largest market share in terms of volume in 2022, whereas, thawed segment is anticipated to grow at a fastest rate in terms of volume during the forecast period.

On the basis of end user, the fertility clinics segment held the highest market share in terms of revenue in 2022 and is expected to witness fastest CAGRs 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.

The fertility clinics segment accounted for the highest market share in terms of volume in 2022, and is also anticipated to grow at a fastest rate in terms of volume during the forecast period.

 On the basis of offering, the IVF and IUI services segment held the largest market share in terms of revenue in 2022 and is expected to witness fastest CAGRs during the forecast period. This is attributed to increase in adoption of IVF and IUI services, owing to rise in infertility cases among men and women. In addition, the growing awareness and acceptance of assisted reproductive technologies (ART) also contributes to the dominance of this segment. As more people become aware of these advanced fertility treatments and their high success rates, the demand for IVF and IUI services rises.

KEY FINDINGS OF THE STUDY

  • On the basis of gender, the female infertility segment accounted for largest share in terms of revenue in 2022 and is expected to register highest CAGR during forecast period.
  • On the basis of procedure, ICSI IVF segment accounted for largest share in terms of revenue in 2022 and is expected to register highest CAGR during forecast period.
  • On the basis of cycle, fresh IVF cycle segment dominated the market in terms of revenue in 2022. However, the thawed IVF cycle segment is anticipated to register fastest CAGR during the forecast period.
  • On the basis of end user, the fertility clinic segment accounted for largest share in terms of revenue in 2022 and is expected to register highest CAGR during forecast period.
  • On the basis of offering, the IVF and IUI services segment accounted for largest share in terms of revenue in 2022 and is expected to register fastest CAGR during forecast period.

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quote India In-vitro Fertilization Services Market by Gender (Female Infertility, Male Infertility, and Others), Procedure (Intracytoplasmic Sperm Injection (ICSI-IVF), Non-ICSI-IVF, and Intrauterine Insemination (IUI), Cycle Type, (Fresh Cycle (Non-Donor), Thawed Cycle (Non-Donor), and Donor Egg IVF Cycle), End User (Fertility Clinics, Hospitals, Surgical Centers, and Clinical Research Institutes), and Offering (IVF Drugs, IVF Media & Reagents, and IVF and IUI Services): Global Opportunity Analysis and Industry Forecast, 2023–2032 quote

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