Report Overview

Increasing awareness & acceptance of in-vitro fertilization (IVF) services and growing supportive government initiatives & funding are projected to propel the expansion of the India in-vitro fertilization (IVF) services market during the forecast period between 2023 and 2029.

India In-Vitro Fertilization (IVF) Services Market - Industry Trends & Forecast Report, 2029

India in-vitro fertilization (IVF) services market size was estimated at USD 915.83 million in 2022. During the forecast period between 2023 and 2029, the size of India in-vitro fertilization services market is projected to grow at a CAGR of 16.53% reaching a value of USD 2,652.9 million by 2029. Major growth drivers for the India in-vitro fertilization (IVF) services market include an increasing prevalence of delayed pregnancies, growing infertility cases, rising advancements in assisted reproductive technology (ART), surging IVF success rates, and high disposable income. Also, growing awareness about IVF treatments, coupled with changing societal attitudes towards infertility, has reduced the stigma associated with seeking assistance. This has led to a greater acceptance of IVF services and an increase in the number of individuals and couples opting for such treatments. Government initiatives, such as the provision of financial support and the implementation of regulations to ensure the safety and quality of IVF services, also play a significant role in driving the market forward. Notably, the prevalence of infertility rises due to an increase in various risk factors. These risk factors include obesity, stress, polycystic ovarian syndrome (PCOS), sexually transmitted diseases (STDs), endometrial tuberculosis, and other medical conditions. The expanding occurrence of these factors contributes to the growing demand for infertility treatments, creating a favorable market landscape during the forecast period.

India In-Vitro Fertilization (IVF) Services Market – Overview

In vitro fertilization (IVF) is a widely practiced laboratory-based treatment for infertility. This assisted reproductive technology involves the extraction of one or more eggs from the ovaries, which are then fertilized by sperm in a controlled environment outside the body. It is a prominent fertility treatment within the clinical field. The IVF process encompasses several stages, including ovarian stimulation, egg retrieval, fertilization through insemination, embryo culture, and ultimately, the transfer of the developed embryo into the uterus. The duration of the treatment spans several months. In cases where natural methods have been unsuccessful, IVF offers an alternative approach to achieving conception.

India In-Vitro Fertilization (IVF) Services Market

Growth Drivers

Growing Awareness and Acceptance of IVF Services

There is a growing understanding among individuals and couples about the availability and effectiveness of IVF as a treatment option for infertility. With advancements in medical technology and widespread information sharing, more people are becoming aware of IVF services and the potential benefits they offer. This awareness extends to understanding the underlying causes of infertility and the role that IVF can play in helping individuals and couples achieve their desire for parenthood. Societal attitudes towards infertility have also evolved, leading to greater acceptance and support for individuals seeking IVF services. The reduction of social stigma surrounding infertility has contributed to an environment where individuals feel more comfortable seeking help and exploring available treatment options. Increased awareness and acceptance of IVF services have also been facilitated by patient testimonials and success stories, which highlight the positive outcomes and experiences of those who have undergone the treatment. These narratives have played a significant role in dispelling myths and misconceptions surrounding IVF, further fostering acceptance and encouraging individuals to consider the option.

Restraints

High Cost associated with IVF Treatments

The high cost of in-vitro fertilization (IVF) treatments remains a significant challenge for many individuals and couples. The expenses associated with IVF, including consultations, medications, laboratory procedures, and multiple treatment cycles, can be substantial. The financial burden often limits access to IVF services, especially for those with limited resources or without adequate insurance coverage. The high cost underscores the need for affordable options and financial support programs to ensure that more individuals have access to this important reproductive healthcare solution.

Impact of COVID-19 on India In-Vitro Fertilization (IVF) Services Market

COVID-19 pandemic adversely affected India in-vitro fertilization (IVF) services market. Lockdown measures and disruptions in healthcare services had a temporary impact on the accessibility and availability of IVF treatments in India. Many clinics suspended or limited their operations, resulting in a decline in the number of treatment cycles. Travel restrictions and financial uncertainties also led some individuals and couples to postpone their fertility plans. However, as restrictions eased and safety protocols were implemented, the market began showing signs of recovery. The pandemic underscored the significance of maintaining strong healthcare systems and ensuring the uninterrupted provision of reproductive healthcare services during challenging times.

India In-Vitro Fertilization (IVF) Services Market

Segmental Coverage

India In-Vitro Fertilization (IVF) Services Market – By Procedure

By procedure, the India in-vitro fertilization (IVF) services market is divided into ICFI IVF, Non-ICSI IVF, and IUI segments. The ICFI (Intra-cytoplasmic Sperm Injection) IVF segment holds the highest share in the India in-vitro fertilization (IVF) services market. ICFI IVF involves the direct injection of a single sperm into the egg, increasing the chances of successful fertilization, especially in cases of male infertility. This technique is highly effective in overcoming issues such as low sperm count, poor sperm motility, and abnormal sperm morphology. Moreover, advancements in laboratory techniques and equipment have made ICFI IVF more accessible and reliable. The growing prevalence of male infertility and the increasing success rates of ICFI IVF procedures have contributed to its dominant position in the India IVF services market.

India In-Vitro Fertilization (IVF) Services Market – By Cycle Type

Based on cycle type, the India in-vitro fertilization (IVF) services market is divided into Fresh IVF Cycles, Thawed IVF Cycles, and Donor Egg IVF Cycles segments. The fresh IVF cycles segment holds the highest share in the India in-vitro fertilization (IVF) services market. The fresh IVF cycles offer higher success rates compared to frozen cycles, as fresh embryos have better implantation potential. The fresh cycles allow for a more personalized approach, as the treatment plan can be tailored according to the patient's specific needs and response to stimulation. Also, fresh cycles provide a higher chance of obtaining multiple embryos, which increases the possibility of having surplus embryos for future use. Meanwhile, the thawed IVF cycles segment is expected to witness fastest growth rate during the forecast period due to advancements in cryopreservation techniques, improved success rates of frozen embryo transfers, and the convenience it offers in terms of scheduling and treatment planning for patients.

India In-Vitro Fertilization (IVF) Services Market – By Offerings

Based on offerings, the India in-vitro fertilization (IVF) services market is segmented into IVF Drugs, IVF Media & Reagents, and IVF & IUI Services segments. IVF (In-Vitro Fertilization) and IUI (Intrauterine Insemination) services held the highest share in the India in-vitro fertilization services market and is expected to maintain its dominance over the forecast period. The IVF and IUI are well-established and widely accepted assisted reproductive techniques in India. They offer effective solutions for various causes of infertility, providing hope for couples struggling to conceive. These services are versatile and can cater to a wide range of infertility cases, including male factor infertility, tubal issues, endometriosis, and unexplained infertility. Also, the success rates of IVF and IUI treatments have significantly improved over the years, boosting their popularity and making them the preferred choices for many individuals and couples seeking fertility treatments.

India In-Vitro Fertilization (IVF) Services Market – By Gender

Based on gender, the India in-vitro fertilization services market is split into Male Infertility and Female Infertility segments. The female infertility segment holds a higher share in the India in-vitro fertilization (IVF) services market, and it continues to maintain its dominance during the forecast period. The female infertility factors, such as blocked fallopian tubes, polycystic ovarian syndrome (PCOS), and age-related decline in ovarian function, are prevalent among women seeking fertility treatments. These conditions require assisted reproductive techniques like IVF to overcome the challenges in achieving pregnancy. The advancements in IVF technology and techniques have improved success rates for female infertility cases, making it a preferred choice for treatment. Also, the increasing awareness and acceptance of IVF services have encouraged more women to seek assistance for their infertility issues, contributing to the dominance of the female infertility segment in the market.

India In-Vitro Fertilization (IVF) Services Market – By End User

Based on end user, the India in-vitro fertilization services market is divided into Fertility Clinics, Hospitals, Surgical Centers, and Clinical Research Institutes segments. The fertility clinics segment holds the highest share in the India in-vitro fertilization (IVF) services market due to various reasons. The fertility clinics specialize in providing comprehensive infertility treatments and have dedicated expertise in reproductive medicine. Their focus on offering a range of assisted reproductive techniques, including IVF, IUI, and fertility diagnostics, positions them as the primary providers of these services. Notably, fertility clinics often have state-of-the-art facilities, advanced laboratory infrastructure, and experienced medical professionals, attracting patients seeking high-quality care. Also, fertility clinics provide personalized treatment plans, counselling, and support services, addressing the emotional and psychological aspects of infertility. The trust, credibility, and convenience offered by fertility clinics contribute to their dominant position in the India IVF services market.

Competitive Landscape

Major players operating in the India in-vitro fertilization (IVF) services market include 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, and Oasis Centre. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Procedure

• ICSI IVF

• Non-ICSI IVF

• IUI

By Cycle Type

• Fresh IVF Cycles

• Thawed IVF Cycles

• Donor Egg IVF Cycles

By Offerings

• IVF Drugs

• IVF Media & Reagents

• IVF & IUI Services

By Gender

• Male Infertility

• Female Infertility

By End User

• Fertility Clinics

• Hospitals

• Surgical Centers

• Clinical Research Institutes