What is the in vitro fertilization market growth in India ?

The Indian IVF market is experiencing significant growth, driven by several factors:

• Rising Infertility Rates : Delayed marriages, changing lifestyles, and increasing prevalence of lifestyle-related diseases are contributing to a significant rise in infertility rates.

• Changing Lifestyles : Delayed marriages, increased career aspirations among women, and a rise in the average age of pregnancy are contributing to a significant rise in infertility rates.

• Economic Growth : The Indian economy has experienced significant growth, leading to increased disposable incomes and improved access to healthcare services, including IVF.

• Cost-Effectiveness : India offers a cost-effective alternative for IVF treatments compared to many developed countries. The average cost of IVF services in India ranges from ₹85,970 to ₹2,57,910, making it a significantly more affordable option for many couples.

• Growing Awareness : Increased awareness campaigns and improved healthcare infrastructure are contributing to increased access and utilization of IVF services.

Market Research Reports:

• SkyQuest Technology projects the Indian IVF market size to grow from ₹76,864.75 Crore in 2022 to surpass ₹40,605.55 Crore by 2032, exhibiting a CAGR of 18.08% from 2023-2032. This significant growth rate reflects the strong demand for IVF services within India

This significant growth rate reflects the strong demand for IVF services within India