WILMINGTON, Delaware, Nov. 05, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report titled, “In vitro fertilization (IVF) services market in India By gender (female infertility, male infertility, etc.), procedure (intracytoplasmic sperm injection (ICSI-IVF), non-ICSI-IVF, intrauterine insemination (IUI), cycle type, (new (non-donor) cycle), dissolved Cycle (non-donor, donor egg IVF cycle) End-user (fertility clinics, hospitals, surgical centers, clinical research institutes) and supply (IVF drugs, IVF media and reagents, IVF and IVF services): Opportunity Analysis and Industry Forecast 2023-2032According to the report, the in vitro fertilization (IVF) services market in India was valued at $0.8 billion in 2022, and is expected to reach $4.6 billion by 2032, registering a CAGR of 18.08% from 2023 to 2032. .
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Primary determinants to growth
The growth of the in vitro fertilization (IVF) services market in India is driven by several factors such as the increase in the number of infertility cases, which leads to increasing demand for effective treatments. In addition, the rise in technological advancement and rise in adoption of IVF procedures is driving the growth of the market.
Report coverage and details:
| Report coverage | details |
| Forecast period | 2023-2032 |
| Base year | 2022 |
| Market size in 2022 | $0.8 billion |
| Market size in 2032 | $4.6 billion |
| Compound annual growth rate | 18.08% |
| Number of pages in the report | 139 |
| Covered sectors | By gender, procedure, cycle type, end user and presentation. |
| Drivers | Increased infertility rates Technological advances in artificial insemination Increase in gamete donations |
| Opportunities | Fertility tourism on the rise |
| Restrictions | Complications associated with IVF treatment Ethical and legal issues |
Covid-19 scenario
- The COVID-19 pandemic has significantly impacted the in vitro fertilization services market in India due to lockdowns in several countries affected by COVID-19 and a rise in the number of healthcare workers falling ill due to the pandemic.
- However, the market is growing in the post-pandemic period due to increasing cases of infertility and furthermore, the increasing number of fertility clinics is expected to drive the market growth during the forecast period.
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Female infertility segment Maintains Its leadership position throughout the forecast period
Based on gender, the female infertility segment accounted for the largest share in 2022, accounting for more than half of the revenue of the in vitro fertilization (IVF) services market in India and estimated to be the fastest growing segment during the forecast period. This growth is due to the increasing prevalence of infertility in women due to multiple medical conditions such as age, development of fibroids, endometriosis, polycystic ovary syndrome, ovulatory disorders, damage related to the fallopian tubes, uterus, and problems associated with the cervix.
IVF segment to Maintains Its leading position during the forecast period
Based on the procedure, the IVF segment accounted for the largest share in 2022, accounting for half of the revenue of the in vitro fertilization (IVF) services market in India and estimated to be the fastest growing segment during the forecast period. This growth is attributed to benefits associated with the ICSI-IVF technique such as better fertilization and reduced polymorphism as only one sperm and one egg are used in this technique in addition to the absence of a terminal reaction in this technique.
Divide new IVF cycles into Maintains Its leading position during the forecast period
Based on cycle type, the new IVF cycles segment accounted for the largest share in 2022, accounting for nearly two-thirds of the revenue of the in vitro fertilization (IVF) services market in India. This growth is due to improved success rates of IVF treatments in the new cycle. Furthermore, new cycle IVF treatments offer greater flexibility, as they allow multiple attempts if the first cycle is not successful, without the need for additional costly freezing and storage procedures.
However, the thawed IVF cycles segment is expected to show the highest CAGR of 20% from 2023 to 2032, due to the increasing use of cryopreservation techniques, along with the advantages of flexibility, similar success rates, cost-effectiveness, and fertility preservation. .
Fertility clinics sector Maintains Its leading position during the forecast period
Based on end user, the fertility clinics segment accounted for the largest share in 2022, accounting for nearly three-fifths of the revenue of the in vitro fertilization (IVF) services market in India and is estimated to be the fastest growing segment during the forecast period. This growth is due 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. Moreover, the success rates of fertility clinics have also improved over the years due to advances in technology and treatment protocols, enhancing their reputation and attracting more patients.
Artificial insemination and artificial insemination services sector Maintains Its leading position during the forecast period
Based on supply, the IVF and IUI services segment accounted for the largest share in 2022, accounting for nearly three-quarters of the revenue of the India in vitro fertilization (IVF) services market and is estimated to be the fastest growing segment during the forecast period. This growth is due to the 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 sector. As more people become aware of these advanced fertility treatment methods and their high success rates, the demand for IVF and IUI services is rising.
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The most prominent competitors in the market: –
- Art Fertility Clinics
- Morpheus Life Sciences Pvt. Ltd.
- Bloom Fertility Center
- Indira IVF Hospital Private Limited
- Fertility Centers in Iswaria
- Nova IVF Fertility
- Gunashila Fertility Centre
- Chennai Fertility Centre
- Kraft Hospital and Research Center
- Bavichi Fertility Institute
The report provides a detailed analysis of these key players in the In Vitro Fertilization (IVF) Services market in India. These players have adopted strategies such as business expansion to increase their markets. The report is useful in highlighting the business performance, operating segments, product range and strategic moves of market players to showcase the competitive scenario.
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