The India IVF services market size was valued at $793.27 Million in 2020 and is projected to reach $3,721.99 Million by 2030 registering a CAGR of 16.45% from 2021 to 2030.
The India IVF services market size was valued at $793.27 Million in 2020 and is projected to reach $3,721.99 Million by 2030 registering a CAGR of 16.45% from 2021 to 2030.
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. It is the process of fertilization, which includes extraction of eggs, retrieval of sperm cells, and then manually combining them in laboratory settings to form an embryo. The embryo(s) is then transferred to uterus for further gestation.
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The India IVF services market is anticipated to exhibit significant growth during the forecast period, owing to rise in infertility rate, increase in trend of late pregnancies, surge in IVF success rate, and rise in disposable income in the region. IVF is one of the widely used treatments that assists people with infertility problems, including couples, single mothers, and the LGBT community. Moreover, rise in fertility tourism provides steady prospects for growth of the IVF services market in India. In addition, increase in number of fertility clinics and growth opportunities in emerging markets are expected to boost the market growth in the future.
Scope of the Report
| Report Coverage | Details |
| Market Size in 2020 | $793.27 Million |
| Revenue Forecast by 2030 | $3,721.99 Million |
| CAGR | 16.45% from 2021 to 2030 |
| Base Year | 2021 |
| Forecast Data | 2022 to 2030 |
What is the Impact of COVID-19 Pandemic on the India In Vitro Fertilization Services Market?
The outbreak of COVID-19 has disrupted workflows in the healthcare sector around the world. The COVID-19 outbreak that started from Wuhan city of China has now spread globally. Almost every nation is dealing with the outbreak. Most markets are experiencing a decline, owing to the outbreak. This also includes the in vitro fertilization services market. The IVF 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.
In addition, non-urgent visits of people are discouraged in fertility clinics and elective fertility treatments are being postponed. Fertility services such as fresh IVF cycles, thawed IVF cycles, and donor egg IVF cycles are being postponed, owing to direct contact of physicians with people who want to get IVF treatment. Moreover, decrease in number of fertility treatments may create financial problems for fertility clinics and IVF centers.
Therefore, the COVID-19 outbreak impacted the IVF segment in a negative manner. The onset of unprecedented COVID-19 pandemic crisis followed by the lockdown has posed an even greater challenge for infertile couples seeking fertility treatment.
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India In Vitro Fertilization Services market Segmentation
The India in vitro fertilization services market is segmented on the basis of gender, procedure, cycle type, end user, and offering. Based on gender, it is divided into female infertility, male infertility, and other infertility. By procedure, it is classified into intracytoplasmic sperm injection (ICSI-IVF), non-ICSI-IVF, and intrauterine insemination (IUI). Based on cycle type, the market is categorized into fresh cycle (non-donor), thawed cycle (non-donor), and donor egg IVF cycle. Based on end user, it is segmented into fertility clinics, hospitals, surgical centers, and clinical research institutes. Based on offering, it is divided into IVF drugs, IVF media & reagents and IVF and IUI services.
Segment Review
By gender, the market is segmented into female infertility, male infertility, and other infertility. In terms of value & volume, the female infertility was the major shareholder in 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, the market is segregated into intracytoplasmic sperm injection (ICSI-IVF), non-ICSI-IVF, and intrauterine insemination (IUI). In terms of value, ICSI-IVF segment dominated the India in vitro fertilization services 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, the 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.
By cycle type, the market is classified 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 in 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, the market is classified 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 categorized 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.
The key market players profiled in the report include includes ART Fertility Clinics, Bavishi Fertility Institute, Craft Hospital & Research Centre, Dr. Thomas Fertility Center/Chennai Fertility Centers, Gunasheela Hospital, Iswarya fertility Center, Kamala Polyclinic & Nursing Home/Mumbai Fertility Clinic & IVF Center, Lifeline Hospitals, Nova IVI Fertility, Oasis Centre (Unit of The Entity Sadguru Healthcare Services Pvt. Ltd.), Medicover, Prashanth Fertility Research Centre, Reviva Infertility & IVF Clinic, Sabine Hospital & Research Centre Pvt. Ltd., and Sudha Hospitals.
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the India in vitro fertilization services market along with the current trends and future estimations to explain the imminent investment pockets.
- A comprehensive analysis of the factors that drive and restrict the India in vitro fertilization services market growth is provided in the report.
- Comprehensive quantitative analysis of the industry from 2020 to 2030 is provided to enable the stakeholders to capitalize on the prevailing India IVF services market opportunities.
- Extensive analysis of the key segments of the industry helps to understand the application and services of in vitro fertilization (IVF) used across India.
- Key market players and their strategies have been analyzed to understand the competitive outlook of the India in vitro fertilization services market.
Key Market Segments
- By Gender
- Male Infertility
- Female Infertility
- Others
- By Procedure
- ICSI IVF
- Non-ICSI IVF
- IUI
- By Cycle Type
- Fresh IVF Cycles
- Thawed IVF Cycles
- Donor Egg IVF Cycles
- By End User
- Fertility Clinics
- Hospitals
- Surgical Centers
- Clinical Research Institutes
- By Offering
- IVF Drugs
- IVF Media and Reagents
- IVF and IUI Services
- By Key Market Players
- ART Fertility Clinics
- Bavishi Fertility Institute
- Craft Hospital & Research Centre
- Dr. Thomas Fertility Center/Chennai Fertility Centers
- Gunasheela Hospital
- Iswarya fertility Center
- Lifeline Hospitals
- Nova IVI Fertility
- Oasis Centre
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