PUBLISHER: Grand View Research | PRODUCT CODE: 1511953
PUBLISHER: Grand View Research | PRODUCT CODE: 1511953
The India In vitro fertilization market size is anticipated to reach USD 1.82 billion by 2030, and is expected to grow at a CAGR of 7.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is witnessing growth due to multifaceted driving factors such as rising infertility rates and increasing awareness and acceptance of IVF.
The growth of India's in vitro fertilization market is fueled by rising technological advancements. Innovations such as preimplantation genetic testing, and time-lapse imaging have enhanced the efficiency and outcomes of IVF treatments, making them more appealing to prospective parents. Furthermore, India has become a favored destination for medical tourism, particularly for fertility treatments such as IVF. The country offers top-notch healthcare services at competitive prices, attracting overseas patients for affordable and trustworthy IVF procedures.
Additionally, the government of India has taken steps to support the growth of the market by implementing policies that promote accessibility to fertility treatments and regulate assisted reproductive technologies. This supportive regulatory environment has encouraged investment in the sector and expanded access to IVF services. For instance, in February 2024, the government of Telangana launched the state's first high-end In Vitro Fertilisation (IVF) to assist infertility couples at Gandhi Hospital.