India IVF Services Market 2024–2033

Reports Description

India IVF Services Market was valued at USD 1,092.3 Million in 2024 and is expected to reach USD 5,051.3 Million by 2033, at a CAGR of 16.23% during the forecast period 2024 – 2033.

In Vitro Fertilization, or IVF, is a medical procedure that offers hope to couples struggling with infertility. In a laboratory setting, the egg and sperm are combined with the goal of fertilization. If successful, the fertilized egg, called an embryo, develops for a few days. Finally, one or more healthy embryos are implanted in the uterus, with the hope of a successful pregnancy.

There is a growing awareness around infertility and advancements in IVF. Open discussions about these challenges and the success rates of IVF are making it a more considered option for couples. Egg and sperm donation, including cryopreservation (freezing) for future use, are also offered.

Surgical procedures like egg retrieval are necessary steps. For some couples, embryo testing and genetic screening might be important. Ethical considerations surround surrogacy and egg/sperm donation, requiring careful discussion.

The emotional toll of the process can be substantial for couples undergoing IVF. Despite these hurdles, the IVF services market is expected to keep growing. This is driven by advancements in medical technology, the increasing demand for assisted reproductive technologies, and a focus on making IVF more accessible to those who need it.

India IVF Services Market: Growth Factors

Increasing Infertility Rates

One of the significant drivers for the India IVF services market is the rising infertility rates among couples. Factors such as delayed pregnancies, lifestyle changes, environmental factors, and medical conditions contribute to this trend.

According to the Indian Council of Medical Research (ICMR), infertility affects about 10-15% of Indian couples of reproductive ages. This growing infertility rate is propelling the demand for IVF services across the country, as more couples seek assisted reproductive technologies (ART) to conceive.

Improving Healthcare Infrastructure

India has been witnessing significant improvements in its healthcare infrastructure, particularly in metropolitan cities and tier-2 cities. The expansion of specialized fertility clinics and IVF centres equipped with advanced technology and skilled medical professionals is driving the growth of the IVF services market.

Government initiatives such as the National Health Mission (NHM) and Ayushman Bharat are aimed at strengthening healthcare infrastructure, including reproductive healthcare services, which further support the growth of the IVF services market in India.

India IVF Services Market: Restraints

High Treatment Costs

One of the major challenges hindering the growth of the Indian IVF services market is the high cost associated with IVF treatments. The expenses include consultation fees, diagnostic tests, medications, and the IVF procedure itself, making it unaffordable for a significant portion of the population.

The high cost of IVF treatments restricts access to these services, especially for middle and lower-income groups, thereby limiting market growth potential. Furthermore, the lack of Pan India directives about IVF services also restrains the market growth.

Every state has different directives about IVF Services, companies operating in the market find it very difficult to cope with such state wise directives, which in turn reduces the investment in the market, thereby restraining market growth.

Cultural and Social Stigma

Cultural and social stigmas surrounding infertility and ART pose significant barriers to the widespread acceptance and adoption of IVF services in India. Many couples hesitate to seek IVF treatments due to fear of societal judgment, particularly in rural areas and conservative communities.

Addressing cultural and social stigmas through awareness campaigns, education, and advocacy efforts is essential to overcome this restraint and expand the reach of IVF services to all segments of the population.

India IVF Services Market: Opportunities

Technological Advancements

Technological advancements in assisted reproductive technologies offer significant opportunities for innovation and growth in the Indian IVF services market. Advancements such as time-lapse imaging, preimplantation genetic testing, and embryo freezing techniques enhance the success rates of IVF procedures and expand treatment options for patients.

Continued investments in research and development to further improve the efficacy and affordability of IVF technologies present lucrative opportunities for market players to differentiate their offerings and capture a larger market share.

Medical Tourism

India has emerged as a popular destination for medical tourism, including fertility treatments. The country offers high-quality IVF services at comparatively lower costs than developed countries, attracting patients from around the world seeking affordable and accessible fertility solutions.

Leveraging India’s position as a leading destination for medical tourism, IVF clinics and hospitals can capitalize on the growing demand from international patients, thereby stimulating market growth and revenue generation.

India IVF Services Market: Segmentation Analysis

India’s IVF Services market is segmented by gender, procedure, Cycle type, offering type and end user.

Based on gender, India’s IVF market is segmented into Male Infertility, Female Infertility, and Others. Among all these segments Female Infertility held the highest market share in 2023. This is often the primary focus of IVF services as female infertility tends to be more prevalent and complex compared to male infertility.

Others emerge as the fastest growing in this market. This category might include non-binary individuals or cases where both partners face fertility issues, reflecting a growing recognition and inclusivity within IVF services.

Based on the Procedure, the Indian IVF market is segmented into ICSI IVF, Non-ICSI IVF, and IUI. Among all these segments ICSI IVF held the highest market share in 2023. Intracytoplasmic Sperm Injection (ICSI) is a common procedure used in cases of male infertility or when previous IVF attempts have failed.

As technology and techniques improve, there might be a growing preference for non-ICSI IVF procedures, especially in cases where male infertility factors are not significant.

Based on Cycle Type, the Indian IVF market is segmented into Fresh IVF Cycles, Thawed IVF Cycles, and Donor Egg IVF Cycles. Among all these segments Fresh IVF Cycles held the highest market share in 2023. These cycles involve using freshly retrieved eggs and sperm, typically the first choice for IVF treatment. With advancements in freezing techniques (cryopreservation), thawed IVF cycles are becoming more popular due to their convenience and comparable success rates.

Based on Offering, India’s IVF market is segmented into IVF Drugs, IVF Media and Reagents, and IVF and IUI Services. Among all these segments IVF and IUI Services held the highest market share in 2023. The core services offered are directly related to IVF procedures and Intrauterine Insemination (IUI).

With the increasing demand for IVF procedures, there is a parallel demand for high-quality media and reagents necessary for successful IVF treatments, leading to the growth of this subsegment.

Based on End User, India IVF market is segmented into Fertility Clinics, Hospitals, Surgical Centers, and Clinical Research Institutes. Among all these segments Fertility Clinics held the highest market share in 2023. These specialized clinics are dedicated to providing comprehensive fertility treatments and services.

As research in reproductive medicine advances, clinical research institutes focusing on fertility treatments may see rapid growth due to their contribution to innovation and development in the field.

Report Scope

India IVF Services Market: Regional Analysis

The India IVF (In Vitro Fertilization) Services market reflects a dynamic landscape influenced by various regional factors. In metropolitan areas such as Delhi-NCR, Mumbai, Kolkata and Bangalore, there’s a higher concentration of advanced fertility clinics equipped with cutting-edge technology and experienced specialists.

These cities attract patients from within India and neighbouring countries due to their reputation for quality healthcare services.

In contrast, rural areas often face challenges accessing IVF services due to limited infrastructure and awareness. However, government initiatives and the expansion of healthcare facilities into rural regions are gradually improving accessibility.

Cultural factors also play a significant role, with certain regions exhibiting a more conservative outlook towards fertility treatments, while others are more accepting. Religious beliefs and societal norms influence the demand and uptake of IVF services across different states.

Economic disparities contribute to varying levels of affordability and willingness to invest in IVF treatments. While affluent urban populations readily seek such services, cost-consciousness and financial constraints hinder adoption in less prosperous regions.

Overall, navigating the Indian IVF market requires a nuanced understanding of regional nuances encompassing infrastructure, cultural attitudes, and economic factors.

India IVF Services Market: Recent Developments

• In October 2023, Cloudnine and Indira IVF announced expansions by opening new centers in various cities across India. This indicates a focus on increasing accessibility of IVF services in Tier 2 and Tier 3 cities. Such expansion is expected to create lucrative opportunities for the market.

• In August 2023, Fortis Fertility and Janin Biosciences are actively integrating AI and machine learning into their IVF processes. This could involve tools for improved embryo selection, personalized treatment protocols, and remote patient monitoring.

List of the prominent players in the India IVF Services Market:

• ART Fertility Clinics
• Bavishi Fertility Institute
• Bloom Fertility Centre
• Craft Hospital & Research Centre
• Thomas Fertility Center/Chennai Fertility Centers
• Gunasheela Fertility Center
• Indira IVF Hospital Private Limited
• Iswarya Fertility Centers
• Lifeline Hospitals
• Morpheus Life Sciences Pvt. Ltd.
• Nova IVF Fertility
• Oasis Centre
• Others

These key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The India IVF Services Market is segmented as follows:

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 Offering

• IVF Drugs
• IVF Media and Reagents
• IVF and IUI Services

By End User

• Fertility Clinics
• Hospitals
• Surgical Centers
• Clinical Research Institutes