According to the National Family Health Survey data for 2019-21, the country’s population is set to fall as its Total Fertility Rate – which is the average number of children born to a woman over her lifetime has dropped to 2 for the first time. In the 2015-16 survey, the national TFR was 2.2, and before that in the 2005-06 survey it was 2.7. Now it has dropped down to 2 – which is below replacement level. The replacement level TFR, at which a population exactly replaces itself from one generation to the next one, is estimated to be 2.1. The findings suggest the TFR has declined to 2.1 in rural areas and 1.6 in urban areas.
“The India IVF services market size was valued at $793.27 Million in 2020 and is projected to reach $3,721.99 Million by 2030 registering a CAGR of 16.45% from 2021 to 2030” – India In-Vitro Fertilization (IVF) Services Market By Allied Market Research (Forecast period – 2021 – 2030). The India IVF services market is anticipated to exhibit significant growth during the forecast period, owing to rise in infertility rate, increase in trend of late pregnancies, surge in IVF success rate, and rise in disposable income in the region.
Segment Highlight:
1. In terms of value & volume, the female infertility was the major shareholder in 2020, owing to increase in prevalence of female infertility due to different reasons such as age, fibroid development, endometriosis, polycystic ovarian syndrome, ovulation disorders, damage associated with fallopian tubes, uterus, and problems associated with the cervix.
2. Male infertility segment is expected to witness highest CAGR during the forecast period
3. In terms of value, ICSI-IVF segment dominated the India in vitro fertilization services market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to benefits associated with ICSI-IVF technique such as better fertilization and minimization of multi-nucleation since only one sperm and one egg is involved in this technique as well as there is no acrosome reaction taking place in this technique.
4. The non-ICSI-IVF segment is expected to witness highest CAGR during the forecast period.
5. In terms of volume, the IUI segment acquired the largest share and the non-ICSI-IVF segment is expected to witness highest CAGR of 17.3% during the forecast period.