IVF market potential in India

The in vitro fertilization (IVF) market in India is growing rapidly and is expected to continue to expand in the coming years. According to a report published by Allied Market Research, the IVF market in India is projected to reach $2.2 billion by 2023, growing at a compound annual growth rate of 15.8% from 2018 to 2023.

There are several factors driving the growth of the IVF market in India, including:

1. Increasing infertility rates: The infertility rate in India is increasing, with an estimated 20-25% of couples experiencing infertility. This is leading to a higher demand for assisted reproductive technologies such as IVF.
2. Rising awareness: There is increasing awareness about fertility treatments and IVF in India, which is driving demand for these services.
3. Improved access: The availability of IVF treatment has increased in India, with more fertility clinics and hospitals offering these services.
4. Affordable cost: The cost of IVF treatment in India is generally lower compared to other countries, making it more accessible to a wider range of people.
5. Government support: The Indian government has taken steps to support the growth of the IVF market, including providing financial assistance to couples seeking fertility treatment.

Overall, the IVF market in India has significant potential for growth in the coming years due to increasing infertility rates, rising awareness, improved access, affordable cost, and government support