Portland, OR, June 22, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the India in vitro fertilization market stood at a revenue of $793.27 million in 2020, and is predicted to amass $3.72 billion by 2030, witnessing a CAGR of 16.45% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Growing incidence of male and female infertility, emerging trend of late pregnancies, technological advancements in ART procedures, surge in IVF success rates, and rise in disposable income in India drive the growth of the India in vitro fertilization market. However, significant cost associated with IVF treatment impede the market growth. Moreover, growing number of fertility clinics and growth opportunities in emerging markets are expected to boost the market growth in future.
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Covid-19 Impact Analysis-
- The Covid-19 pandemic severely affected the India IVF market, the reason being, shutdown of fertility centers and hospitals in various COVID-19 affected countries and more number of healthcare workers falling ill.
- Moreover, there was a decrease in number of fertility treatments and services such as fresh IVF cycles, thawed IVF cycles, and donor egg IVF cycles owing to direct contact of physicians with people seeking IVF…
