Noida, UP -- (SBWire) -- 05/07/2015 --With a steep rise in infertility numbers in India, India's IVF market is expected to reach INR 38.2 Billion by 2020 end, registering a compound annual growth rate of 15%. Factors like burgeoned infertility numbers due to a major shift in lifestyle, delayed pregnancies and India emerging as a popular destination for medical tourism especially for IVF and surrogacy will allow the IVF market to grow substantially. Furthermore, India's IVF market being an unregulated industry has allowed many domestic and international players to join the race. In addition, mushrooming redirection IVF centers and procedure clinics with world-class facilities across India has led to greater visibility for IVF procedures, thus allowing greater footfall in IVF clinics/centers.
Research Analysis & Highlights
Our research study "Indian IVF Market Outlook 2020", report encompasses the IVF general procedure; the penetration of IVF clinics and redirection centers in India in terms of region i.e. East, West, North, South, by structure i.e. Clinic Chains, Multi-specialty Hospitals and independent clinics, IVF cycles performed and PGD facility; the future outlook of IVF in India in terms of value; IVF patients flow process; the laws and bylaws associated with the industry; industry trends and technological advancements; and a detailed competitive landscape covering the profiles of key service providers in India.
In recent times, a substantial growth in collaboration between chain, multi-specialty and independent clinics has been witnessed, leading to best in class services at affordable prices. Also, factors like very few legal procedures/paper work for surrogacy, that too at 1/10th the cost in developed countries, to allow the India's IVF market to expand in near future.
Some of the key findings of the report are:
- Southern India has a very high percentage of infertile population
- Eastern region has lowest penetration of IVF clinics
- A large room for Chain-based IVF clinics to expand
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About RNCOS
RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.
India: Most Affordable Destination for World-Class IVF and Surrogacy
“India’s IVF market is expected to register growth at a CAGR of 15% in the near future” says RNCOS.