Noida, UP -- (SBWire) -- 05/13/2015 --India's IVF market is expected to touch INR 38.2 Billion by 2020 end, growing at a CAGR of 15% over the five years time spanning from 2014-2020. In existing scenario, the maximum numbers of clinics in India are independent, and comprise 50% of the total IVF clinics/centers, followed by the hospital based clinics (runs as a division of hospital). However, chain-based clinics constitute only 18% of the total IVF clinics. With increased awareness amongst people, hospital sparsely populated and lacking high end technological devices/equipments in most of independent clinics, allowing the chain-based clinics to expand their presence across the country.
With many chain-based IVF clinics gaining grounds in terms of popularity has allowed many domestic and international players to be a part of India's IVF Market. Much appreciated facilities, high-end technology, and quality of service at chain-based clinics are the major driving factors for chain-based clinics. Southern India has the maximum penetration, followed by Northern India when it comes to chain-based clinics. In South-India 52% of the total chain-based clinics are present; however, East-India has only 10% of the total chain-based clinics, thus a bigger room for the new chain-based clinics.
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.
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Indian IVF Market: Bigger Room for Chain Clinics
“The presence by structure analysis of IVF clinics revealed that currently India’s IVF Market is ruled by independent clinics but now the situations favoring chain-based IVF clinics”, says RNCOS.