Noida, UP -- (ReleaseWire) -- 03/14/2014 -- India is fast emerging as the hub for IVF and surrogacy as the country’s market value is estimated to reach INR 14.2 Billion and is anticipated to register a compounded annual growth rate of 14% approximately, over the next 5 year period. The key factors driving the market growth are likely to include the increasing infertility problem on account of changing lifestyle and delayed pregnancy terms; increasing number of IVF clinics and their collaboration with multispecialty hospitals; and the innovation and development of novel tools and technologies assisting the IVF process.
Research Analysis & Highlights
On the holistic basis, the “Booming IVF Market in India”, report thoroughly discusses the IVF procedure in general; the penetration of IVF clinics in India in terms of region, structure, IVF cycles and PGD facility; the future outlook of IVF in India in terms of value; the laws and bylaws associated with the industry; industry trends; and a detailed competitive scenario of the industry along with the profiles of key service providers.
With new service providers entering the market, increase in the number of collaborations between chains/independent clinics and renowned healthcare providers and hospital, and the rapid acceptance of IVF for dealing with reproduction problem, the Indian IVF market is bound to witness a gush in terms of growth in the years to come.
Some of the key findings of the report are:
- Indian IVF industry is unregulated; ART bill still pending at parliament
- Southern India has a very high percentage of infertile population
- Eastern region has lowest penetration of IVF clinics
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