India in-Vitro Fertilization (IVF) Services Market Size Likely to Grow at a CAGR of 16.23% By 2033

India in-Vitro Fertilization (IVF) Services Market size 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.

India in-Vitro Fertilization (IVF) Services Market: Overview

The India in-Vitro Fertilization (IVF) Services Market has shown significant growth and potential in recent years, reflecting a landscape shaped by various factors such as increasing infertility rates, improvements in healthcare infrastructure, high treatment costs, and cultural and social stigmas surrounding infertility and ART.

In Vitro Fertilization (IVF) stands as a beacon of hope for couples facing infertility issues, offering a chance at conception through assisted reproductive technologies (ART). The procedure involves the combination of eggs and sperm in a laboratory setting, with the resulting embryo implanted in the uterus. IVF services encompass a range of procedures including egg and sperm donation, cryopreservation, surgical interventions like egg retrieval, and embryo testing.

The market is primarily driven by rising infertility rates in India, influenced by factors like delayed pregnancies, lifestyle changes, environmental factors, and medical conditions. According to the Indian Council of Medical Research (ICMR), approximately 10-15% of Indian couples of reproductive age face infertility issues, spurring the demand for IVF services across the country.

Furthermore, improvements in healthcare infrastructure, particularly in metropolitan and tier-2 cities, have facilitated the expansion of specialized fertility clinics and IVF centers equipped with advanced technology and skilled professionals. Government initiatives like the National Health Mission (NHM) and Ayushman Bharat aim to strengthen healthcare infrastructure, including reproductive healthcare services, further supporting market growth.

However, the high cost associated with IVF treatments remains a significant challenge, restricting access to a large portion of the population, particularly middle and lower-income groups. Additionally, cultural and social stigmas surrounding infertility and ART pose barriers to the widespread acceptance and adoption of IVF services. Many couples hesitate to seek IVF treatments due to fear of societal judgment, particularly in rural areas and conservative communities.

Nevertheless, there are ample opportunities for growth in the India in-Vitro Fertilization (IVF) Services market, driven by technological advancements in assisted reproductive technologies. Innovations such as time-lapse imaging, preimplantation genetic testing, and embryo freezing techniques enhance success rates and expand treatment options for patients. Investments in research and development to improve the efficacy and affordability of IVF technologies present lucrative opportunities for market players.

Moreover, India has emerged as a popular destination for medical tourism, including fertility treatments, owing to its high-quality IVF services at comparatively lower costs than developed countries. Leveraging India’s position as a leading destination for medical tourism, IVF clinics and hospitals can capitalize on the growing demand from international patients, stimulating market growth and revenue generation.

The market segmentation reveals insights into the dynamics of the India in-Vitro Fertilization (IVF) Services market, including gender, procedure, cycle type, offering type, and end user. Female infertility dominates the market, reflecting the complexity and prevalence of female infertility compared to male infertility. Procedures like Intracytoplasmic Sperm Injection (ICSI) IVF hold a significant market share, especially in cases of male infertility or failed IVF attempts.

Fresh IVF cycles are the preferred choice for treatment, although advancements in cryopreservation techniques have made thawed IVF cycles increasingly popular due to their convenience and success rates. IVF and IUI services are the primary offerings, with a parallel demand for high-quality IVF drugs, media, and reagents.

Fertility clinics constitute the primary end user segment, dedicated to providing comprehensive fertility treatments and services. However, as research in reproductive medicine advances, clinical research institutes focusing on fertility treatments may witness rapid growth due to their contribution to innovation and development in the field.

The regional landscape of the India in-Vitro Fertilization (IVF) Services market reflects a dynamic interplay of factors, with metropolitan areas boasting advanced fertility clinics attracting patients from within India and neighboring countries. Rural areas face challenges in accessing IVF services due to limited infrastructure and awareness, although government initiatives aim to improve accessibility.

Report Scope

CMI has comprehensively analyzed India IVF Services market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this India IVF Services industry.

The competitive landscape includes key innovators, after market service providers, market giants as well and niche players which were studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, the Report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, and emerging business models.

List of the prominent players in the India in-Vitro Fertilization (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 M&A, joint ventures, collaborations, strategic alliances, expansion, and new product launches among others to increase their revenues and business operations.

The India in-Vitro Fertilization (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