Portland, OR, Nov. 21, 2019 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the India IVF Services Market garnered $478.2 million in 2018 and is expected to reach $1.45 billion by 2026, portraying a CAGR of 14.7% from 2019 to 2026. The report offers an extensive analysis of changing market trends, major segments, key investment pockets, top winning strategies, and competitive landscape.
Rise in infertility rates due to changes in lifestyle, the surge in stress levels and an increase in incidence of fertility-related diseases drive the India IVF services market. However, less awareness regarding this technology in society restrains the market growth. On the other hand, an increase in obesity, the prevalence of polycystic ovarian syndrome (PCOS), sexually transmitted infections, and other medical conditions would create new opportunities.
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Based on gender, female infertility accounted for the largest market share in 2018, contributing to nearly two-thirds of the total share, and is expected to maintain its dominant position throughout the forecast period. On the other hand, the male infertility segment is expected to register the fastest CAGR of 15.4% from 2019 to 2026.
Based on cycle type, the fresh cycle (non-donor) segment held the largest share in 2018, accounting for nearly three-fourths of the market share in 2018, and will maintain its highest market contribution throughout the forecast period. However, the thawed cycle (non-donor) segment would register the highest CAGR of 16.0% during the forecast period. The study also analyzes the donor egg IVF cycle segment.
Based on end-user, the fertility clinics segment accounted for the highest share in 2018, contributing for nearly two-thirds of the total market share, and is projected to maintain its leadership status by 2026. However, the clinical research institutes segment is expected to grow at the highest CAGR of 15.4% from 2019 to 2026. The research also analyzes segments including hospitals and surgical centers.
Key market players analyzed in the report include Sun Pharmaceuticals Industries Ltd., LG Life Sciences, Lab IVF Asia Pte. Ltd., Bourn Hall Clinic, Cadila Pharmaceuticals Ltd., Southend Fertility and IVF Centre, Morpheus Life Sciences Pvt. Ltd., Bloom Fertility Center, Nova IVI Fertility, Cloudnine Hospitals, Manipalankur Andrology and Reproductive Medicine, and others.
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