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: Opportunity Analysis and Industry Forecast, 2021–2030," the India in vitro fertilization services market size was valued at $0.79 billion in 2020 and is projected to reach $3.72 billion by 2030 registering a CAGR of 16.45% from 2021 to 2030.
Fertility services include numerous procedures that are chosen to treat fertility issues and assist patients with conception. These services include the use of assisted reproductive technology (ART) methods to help single parents and couples in bearing children. A delay in pregnancy in several women suffering from fertility disorders and gynecological conditions drives the growth of the fertility services industry.
In addition, the availability and acceptance of in vitro fertilization (IVF) technologies and procedures in India are expected to fuel fertility services market growth. Novel technologies are now being used in different fertility services that have high success rates. For instance, players in the fertility services market now offer services of egg freezing and embryo banking for women. With this, women can choose the right time to have children.
The India in vitro fertilization services market is driven by decline in fertility rate, rise in fertility disorders like polycystic ovarian disorder (PCOD) and polycystic ovarian syndrome (PCOS) in women, and growth in disposable income of Indian citizens. Furthermore, the rise in infertility cases in India is also noticed due to increase in risk factors, such as cigarette smoking and obesity.
COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. The in vitro fertilization services market is negatively impacted by the pandemic. It affected hospitals, fertility clinics, and others, owing to shutdowns in various COVID-19 affected countries and rise in number of healthcare workers falling ill in the pandemic. In addition, decrease in number of fertility treatments was observed, owing to the pandemic.
The India in vitro fertilization services market is segmented on the basis of gender, procedure, cycle type, end user, and offering.
By gender, it is classified into female infertility, male infertility, and other infertility. In terms of value & volume, female segment was the major shareholder 2020, owing to increase in prevalence of female infertility due to different reasons such as age, fibroid development, endometriosis, polycystic ovarian syndrome, ovulation disorders, damage associated with fallopian tubes, uterus, and problems associated with the cervix. However, the male infertility segment is expected to witness highest CAGR during the forecast period.
By procedure, it is segmented into intracytoplasmic sperm injection (ICSI-IVF), non-ICSI-IVF, and intrauterine insemination (IUI). In terms of value, ICSI-IVF segment dominated the market in 2020, and is anticipated to continue this trend 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. However, non-ICSI-IVF segment is expected to witness highest CAGR during the forecast period. In addition, in terms of volume, the IUI segment acquired the largest share and the non-ICSI-IVF segment is expected to witness highest CAGR of 17.3% during the forecast period.
Based on cycle type, it is segmented into, fresh cycle (non-donor), thawed cycle (non-donor), and donor egg IVF cycle. In terms of value & volume, the fresh cycle segment was the major shareholder 2020, due to preferable use of this technique. However, the thawed cycle segment is expected to witness highest CAGR during the forecast period.
By end user, it is segmented into fertility clinics, hospitals, surgical centers, and clinical research institutes. In terms of value & volume, fertility clinics acquired the largest share in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to rise in number of fertility clinics.
By offering, it is segmented into IVF drugs, IVF media & reagents and IVF and IUI services. The IVF and IUI services segment dominated the market in 2020, and is anticipated to continue this trend 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.
Key Findings of the Study
- Based on gender, the female segment held the largest share in the Indian market in 2020.
- Based on procedure, the ICSI segment held the largest market share in 2020 and is expected to remain dominant throughout the forecast period.
- By cycle type, the fresh cycle dominated the market in 2020 and is anticipated to continue this trend during the forecast period.
- By end user, the fertility clinics segment held the largest market share in 2020 and is anticipated to continue this trend during the forecast period.
- Based on offering, IVF & IUI services is expected to dominate the market, registering a CAGR of 16.4% during the forecast period.