India In Vitro Fertilization Market (By Instrument: Equipment, Culture Media; By Procedure Type: Fresh Nondonor; By Providers) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2024-2033

India In Vitro Fertilization Market Size and Growth 2024 to 2033

The India In vitro fertilization market size was estimated at around USD 1.08 billion in 2023 and it is projected to hit around USD 2.3 billion by 2033, growing at a CAGR of 7.9% from 2024 to 2033. The India In vitro fertilization (IVF) market has witnessed significant growth in recent years, driven by a combination of factors such as rising infertility rates, technological advancements in reproductive healthcare, increasing awareness, and a shift towards delayed parenthood. With a growing number of fertility clinics across the country and improved accessibility to advanced fertility treatments, India has become a key player in the global IVF industry.

Key Pointers

• By Instrument, the culture media segment generated the maximum market share of 41% in 2023.
• By Instrument, the disposable devices segment is estimated to expand the fastest CAGR from 2024 to 2033.
• By Procedure Type, the frozen non-donor segment registered the maximum market share in 2023.
• By Provider, the fertility clinics segment anticipated to grow at the noteworthy CAGR from 2024 to 2033.

What are the Growth Factors of India In Vitro Fertilization Market?

The growth of the India In Vitro Fertilization (IVF) market is driven by the rising infertility rates across the country, attributed to lifestyle changes, increasing stress levels, and late marriages. Additionally, advancements in reproductive technology, such as embryo cryopreservation and pre-implantation genetic diagnosis (PGD), have enhanced IVF success rates, encouraging more couples to seek fertility treatments. Growing awareness and social acceptance of IVF procedures, coupled with the increasing number of fertility clinics offering affordable treatment options, have further propelled market growth. Additionally, government initiatives and policies aimed at improving healthcare infrastructure and accessibility have played a significant role in expanding the IVF market in India.

What are the Trends in India In Vitro Fertilization Market?

• Rising Demand for Fertility Preservation: Increasing numbers of individuals, especially women, are opting for fertility preservation techniques such as egg freezing due to career planning and delayed parenthood, boosting demand for IVF services in the future.
• Technological Advancements: Cutting-edge technologies like time-lapse embryo imaging, improved genetic screening techniques, and artificial intelligence (AI) are improving the success rates of IVF treatments, enhancing patient outcomes and market growth.
• Increased Access to IVF Clinics: The proliferation of specialized fertility clinics, especially in tier 1 and tier 2 cities, has significantly improved access to IVF treatments, making fertility care more readily available and affordable for a wider population.
• Medical Tourism Growth: India is becoming a popular destination for IVF treatments among international patients due to the availability of high-quality fertility treatments at relatively lower costs, contributing to the growth of medical tourism in the IVF sector.

What are the Key Challenges Faced by India In Vitro Fertilization Market?

• High Treatment Costs: Despite being more affordable compared to other countries, IVF treatments in India are still expensive for many individuals, especially in rural areas. The cost of multiple cycles can be financially burdensome for middle and lower-income families.
• Limited Insurance Coverage: IVF treatments are not widely covered by health insurance policies in India, making it difficult for many couples to afford the procedure. This lack of financial support limits access to advanced fertility treatments.
• Low Success Rates in Some Cases: While technological advancements have improved IVF success rates, the overall success can still be inconsistent, depending on factors such as age and underlying health conditions. This uncertainty may deter some patients from opting for treatment.
• Shortage of Skilled Professionals: There is a shortage of specialized fertility experts and embryologists in India, particularly in smaller towns and rural regions. This limits the quality and availability of IVF treatments outside metropolitan areas.

Instrument Insights

In 2023, the culture media segment led the market, accounting for around 41% of the total share. This growth is driven by increased research and development efforts to enhance culture media, coupled with the availability of funding. For example, in June 2023, Gold Standard Diagnostics introduced the BACGro Culture Media for detecting pathogenic microorganisms across the food, environmental, and pharmaceutical sectors. The BACGro product line offers both dehydrated and liquid media that adhere to global standards and reference methods.

The disposable devices segment is projected to experience the fastest compound annual growth rate (CAGR) during the forecast period. This rise is attributed to the introduction of disposable devices such as slides, needles, and chambers by industry players to meet sterility and regulatory standards. These innovations are expected to drive greater adoption of disposable IVF devices. Recent advancements include disposable slides for sperm counting, imaging-based tracking systems to identify optimal motile sperm, and disposable microchips. For instance, in May 2022, DPU IVF and Endoscopy Center in Pune introduced the Time-Lapse Imaging Embryoscope, an advanced technology that enhances live birth rates while significantly reducing early pregnancy losses.

Procedure Type Insights

The frozen non-donor segment held the largest market share in 2023, driven by factors such as cost-effectiveness compared to fresh embryo transfers or donor eggs, increased IVF success rates, and the availability of genetic testing. Advances in genetic testing now allow embryos to be screened for genetic disorders before implantation, leading more couples to opt for frozen embryos for testing, ensuring the healthiest embryo is selected for implantation. In December 2023, Progenesis, a prominent genetic testing company, expanded its presence in India by opening its first genetic laboratory in New Delhi.

The fresh donor segment is expected to grow at the fastest CAGR during the forecast period. The rising demand for donor eggs and sperm, fueled by increasing infertility rates, is a major factor contributing to the growth of this segment in India’s IVF market. India's large population and socio-cultural factors provide a vast pool of potential egg donors, offering clinics a wide variety of options for couples seeking fresh donors. Additionally, many clinics offer anonymous donation services, further expanding the donor pool. In June 2023, LifeCell International Pvt. Ltd. launched home-based self-collection and preservation kits, including OvaScore, SpermScore, and InferGenes, allowing convenient and private sample collection for sexual, reproductive, women's, and baby health services.

Provider Insights

In 2023, the fertility clinics segment dominated the market and is expected to grow at the highest CAGR during the forecast period. The increasing demand for assisted reproductive technology (ART) treatments, coupled with a rise in the number of ART centers and fertility clinics, has propelled the growth of this segment. Moreover, the availability of fertility specialists, cost-effective treatment options, and lower risks of hospital-acquired infections (HAIs) are anticipated to further boost this growth. For instance, in January 2024, CK Birla Healthcare Pvt. Ltd. opened a new fertility clinic in Meerut, Uttar Pradesh, expanding access to specialized fertility care.

Who are the Top Manufactures in India In Vitro Fertilization Market?

• CK Birla Healthcare Pvt. Ltd.
• Nova IVF
• Indira IVF Hospital Private Limited.
• Apollo Fertility (Apollo Specialty Hospitals Pvt. Ltd.)
• Max Healthcare
• MANIPAL HEALTH ENTERPRISES PVT LTD
• Bloom Fertility Centre
• BACC Healthcare Private Limited
• Cloudnine Hospitals
• Morpheus IVF
• Babies and Us Fertility and IVF Centre (Ind) Pvt Ltd

India In Vitro Fertilization Market Segmentation:

By Instrument

• Disposable Devices
• Culture Media
  • Cryopreservation Media
  • Embryo Culture Media
  • Ovum Processing Media
  • Sperm Processing Media
• Equipment
  • Sperm Analyzer Systems
  • Imaging Systems
  • Ovum Aspiration Pumps
  • Micromanipulator Systems
  • Incubators
  • Gas Analyzers
  • Laser Systems
  • Cryosystems
  • Sperm Separation Devices
  • IVF Cabinet
  • Anti-vibration Tables
  • Witness Systems
  • Other

By Procedure Type

• Fresh Donor
• Frozen Donor
• Fresh Non-donor
• Frozen Non-donor

By Providers

• Fertility Clinics
• Hospitals & Others Setting