India In-vitro Fertilization Market to Cross $ 1 Billion Mark by 2026
Growing number of infertility cases among married population
to drive growth of India in-vitro fertilization market
According to
TechSci Research report, “India In-vitro Fertilization Market By Technique, By
Product, By Donor, By Infertility, By Embryo, By End User, By Region,
Competition, Forecast & Opportunities, FY 2026”, India in-vitro fertilization market is forecast to grow at a CAGR of
around 13% and cross $ 1 billion by FY 2026. Market is anticipated to grow owing
to increasing awareness pertaining to infertility and available treatment
options across a broader section of society. Additionally, declining potency,
especially among the male population, is further projected to propel the market
over the next few years. Furthermore, increasing age of first-time motherhood due
to late marriages, among others, is expected to spur the market growth in the
coming years. However, high cost and low success rate of IVF can hamper the
growth of market during forecast period. Additionally, reducing efficacy of
infertility treatments with advancing age can further restrict the market over
the next few years. Also, poor reimbursement scenario and social barriers pose
a challenge, which can restrict the market growth over the next few years.
Browse over 14 market data Tables and Figures spread through 70 Pages and an in-depth TOC on "India In-vitro Fertilization Market"
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India in-vitro
fertilization market is segmented based on technique, product, donor,
infertility, embryo, end user, and region. Based on infertility, the market can
be split into male and female. The female infertility segment is expected to
dominate the market during forecast period on account of the growing prevalence
of female fertility related diseases such as PCOS, endometriosis, ovulation
disorders, damaged fallopian tubes, problems related to uterus and cervix,
among others. Nevertheless, the male infertility segment is also expected to
grow during the forecast period on account of the increasing awareness among
the population with respect to male infertility. Based on product segmentation,
the market can be categorized into IVF culture media, ICSI machine, IVF
incubators, Cryosystem and others. The ICSI machine is expected to grow
significantly during the forecast period owing to the rising use of ICSI
machine in different procedures irrespective of male fertility issues.
Based on embryo,
the market can be bifurcated into fresh embryo and frozen-thawed embryo. The frozen
thawed embryo segment is expected to dominate the market since in most of the
cases the implantation is not done on the same day of fertilization. Also,
during an IVF procedure, it is not only one egg and sperm that get fertilized
and form an embryo, but multiple embryos are formed and the best ones are preserved,
and rest are discarded. These frozen embryos can be thawed and used again in
future pregnancies. Based on end user, the market can be categorized into
fertility clinics, hospitals and others. Though fertility clinics segment is
expected to dominate the market, the hospitals segment is anticipated to
witness significant growth during the forecast period owing to the rising
penetration of single-specialty and multi-specialty hospital chains in the
country.
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Merck
India (Merck KGaA), Origio India Pvt. Ltd. (Cooper Surgical), IMV India Pvt.
Ltd (Hamilton Thorne, Ltd.), Thermo Fisher Scientific India Pvt. Ltd.,
Travancore Trade Links (Vitrolife AB), Cook Medical India, Morpheus Life
Sciences Pvt. Ltd., Max Healthcare Pvt. Ltd., Olympus Medical Systems India
Pvt. Ltd., and Fujifilm India Private Limited are some of the leading players
operating in India in-vitro fertilization market. “India in-vitro fertilization
market will witness robust growth over the next five years owing to the
emerging trend of delayed pregnancies among women. Additionally, increase in
infertility rates caused due to rise in stress levels, changes in lifestyle,
and surge in incidence of fertility-related diseases is further expected to
propel the market all through 2026.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India In-vitro Fertilization Market By
Technique, By Product, By Donor, By Infertility, By Embryo, By End User, By
Region, Competition, Forecast & Opportunities, FY 2026” has evaluated the future growth potential of India in-vitro
fertilization market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India in-vitro fertilization
market.
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