In-vitro Fertilization Devices Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

 

In-vitro Fertilization Devices Market
In-vitro Fertilization Devices Market

The country’s in-vitro fertilization market is driven by improving healthcare infrastructure and rising availability of modern healthcare facilities at affordable prices. This fact is also giving rise to medical tourism thereby propelling the in-vitro fertilization market in the country. Additionally, changing lifestyle patterns are leading to various diseases such as PCOS and other kinds of reproductive diseases. Furthermore, increasing number of single super specialty hospitals is projected to fuel the market over the next few years. Besides, growing awareness towards male infertility in the country is expected to positively influence the market over the next few years.

The India in-vitro fertilization devices market is segmented based on technique, product, donor, infertility, embryo, end user, and region . Based on technique, the market can be split into ICSI IVF and Non-ICSI/Traditional IVF. The ICSI IVF segment is expected to dominate the market during the forecast period. This can be ascribed to the benefits associated with this technique such as better fertilization and minimization of multi-nucleation since only one sperm and one egg is involved in this technique. Additionally, there is no acrosome reaction taking place in this technique. Based on end user, the market can be categorized into fertility clinics, hospitals and others. The fertility clinics segment is expected to dominate the market owing to the growing consumer preference for availing treatment at these facilities. Additionally, growing penetration of fertility clinics & centers chains is further expected to fuel the market growth through FY2026.

 

Covid-19 Impact on the In-Vitro Fertilization Devices Market

The news of the outbreak of the Covid-19 virus adversely impacted the IVF market in terms of the number of treatments and fertility services as IVF clinics had to shut down their businesses to reduce the spread of the virus. The virus also halted IVF tourism in several cost-effective destinations. However, the global IVF market is now in a recovery phase due to the efforts of IVF clinics to meet the pent-up need that was caused by the canceled treatments.

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