WILMINGTON, Del., Nov. 5, 2023 (Globe Newswire) — Allied Market Research has published a report titled “.Indian in vitro fertilization (IVF) services market Gender (female infertility, male infertility, other), procedure (microinsemination (ICSI-IVF), non-ICSI-IVF, intrauterine insemination (IUI)), cycle type, (fresh cycle (non-donor), thawed) Cycles (non-donor), IVF cycles with donor eggs) End users (fertility clinics, hospitals, surgery centers, clinical research institutes) and Offerings (IVF medicines, IVF media and reagents, IVF and IUI services): Opportunity analysis and industry Forecast, 2023-2032”. According to the report, the in vitro fertilization (IVF) services market in India was valued at $800 million in 2022 and is projected to reach $4.6 billion by 2032, increasing by 18.08% from 2023 to 2032. It is said that the company will record a CAGR of
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Main determining factors of growth
The growth of the in vitro fertilization (IVF) services market in India is driven by several factors such as rising infertility cases, leading to increasing demand for effective treatments. Additionally, technological advancements and increasing adoption of IVF procedures are driving the market growth.
Report scope and details:
| Report scope | detail |
| Forecast period | 2023-2032 |
| base year | 2022 |
| Market size in 2022 | 800 million dollars |
| Market size in 2032 | $4.6 billion |
| CAGR | 18.08% |
| Number of pages in the report | 139 |
| Target segment | By gender, procedure, cycle type, end user, and product. |
| driver | Increased infertility rate Technological advances in IVF Increased gamete donation |
| opportunity | Increase in fertility tourism |
| restraints | Complications associated with IVF treatment ethical and legal issues |
New coronavirus infection scenario
- The coronavirus disease (COVID-19) pandemic has caused in vitro fertilization (IVF) to decline in India due to shutdowns in various countries affected by the coronavirus and an increase in healthcare workers falling ill due to the pandemic. ) had a major impact on the service market.
- However, the market is growing in the post-pandemic period due to increase in infertility cases and further increase in the number of infertility clinics is expected to drive the market growth during the forecast period.
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female infertility segment maintain Leadership position over the forecast period
Based on gender, the female infertility segment will hold the largest share in 2022, accounting for more than half of the Indian in vitro fertilization (IVF) services market revenue, and is expected to be the fastest growing segment during the forecast period. Estimated. This increase is due to female infertility due to multiple medical conditions such as aging, development of uterine fibroids, endometriosis, polycystic ovary syndrome, ovulatory disorders, damage related to the fallopian tubes and uterus, and problems related to the cervix. This is thought to be due to an increase in the prevalence of the disease.
ICSI IVF segment maintain Leading position during the forecast period
Based on the procedure, the ICSI IVF segment is estimated to hold the largest share in 2022, accounting for half of the India In Vitro Fertilization (IVF) Services Market revenue and being the fastest growing segment during the forecast period. Masu. This growth is due to the advantages associated with ICSI-IVF technology, such as better fertilization and minimization of multinucleation, since no acrosome reaction occurs in ICSI-IVF technology and only one sperm and one egg are involved. It is considered a thing.
New IVF cycles are segmented as follows: maintain Leading position during the forecast period
Based on cycle type, the fresh IVF cycle segment accounted for the largest share in 2022, accounting for nearly two-thirds of the Indian in vitro fertilization (IVF) services market revenue. This growth can be attributed to the improved success rate of fresh-cycle IVF treatments. Additionally, Fresh Cycle’s IVF treatment offers greater flexibility as it allows for multiple attempts without the need for additional costly freezing or storage steps if the first cycle is not successful. It can be obtained.
However, the thawing IVF cycle segment will see the highest growth rate of 20% from 2023 to 2032 due to the increased use of cryopreservation techniques, combined with the advantages of flexibility, comparable success rate, cost-effectiveness, and fertility preservation. It is predicted to show a CAGR.
Fertility Clinic Segment maintain Leading position during the forecast period
Based on end-users, the fertility clinics segment accounted for the largest share in 2022, accounting for nearly three-fifths of the India in vitro fertilization (IVF) services market revenue, and is the fastest growing segment during the forecast period. It is estimated that there is. This growth is due to the availability of multiple fertility clinics. In addition, the Fertility Clinic is a specialized center with advanced technology and skilled medical professionals, offering comprehensive fertility treatment services such as in vitro fertilization (IVF), intrauterine insemination (IUI), egg freezing, and gamete donation. We offer Additionally, advances in technology and treatment protocols have also improved the success rates of fertility clinics over the years, increasing their reputation and attracting more patients.
The IVF and IUI services segment is maintain Leading position during the forecast period
Based on offerings, the in vitro fertilization and IUI services segment will hold the largest share in 2022, accounting for nearly three-quarters of the India in vitro fertilization (IVF) services market revenue and growing fastest during the forecast period It is estimated that this segment This increase can be attributed to an increase in male and female infertility. Additionally, the growing awareness and acceptance of assisted reproductive technologies (ART) also contributes to the segment’s dominance. The demand for IVF and IVF services is increasing as more people become aware of these advanced fertility treatments and their high success rates.
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Key market players: –
- ART Fertility Clinic
- Morpheus Life Sciences Co., Ltd.
- Bloom Fertility Center
- Indira IVF Hospital Private Limited
- Iswarya Fertility Center
- Nova IVF Fertility
- Gunashila Fertility Center
- chennai infertility center
- Craft Hospital & Research Center
- Babishi Infertility Institute
This report provides a detailed analysis of these key players in the Indian In Vitro Fertilization (IVF) Services market. These players are adopting strategies such as business expansion to expand their market. The report helps to introduce the competitive scenario by highlighting business performance, business segments, product portfolio, and strategic moves of market players.
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