Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
IVF 2019-04-18

This is Why the IVF Services Market is Booming in India

Fertility specialists and researchers have analyzed the market for these services and have understood the factors that are acting as catalysts for the growth of the industry. Here we present some factors that tell us why IVF services market is booming in India.

By Features Writer
This is Why the IVF Services Market is Booming in India

A procedure that gives infertile couples the joy of becoming parents of their own children, In-Vitro Fertilization (IVF) has proved to be a boon given by humans to humanity. In India, the IVF services have gained loads of popularity among the millennial. The Indian IVF services market is projected to reach $775.9 million by 2022 at a CAGRof 16.6 percent from 2016 to 2022.

With an increasing demand for IVF services, fertility specialists are also in heavy demand, which has led to the expansion of the services even more. Fertility specialists and researchers have analyzed the market for these services and have understood the factors that are acting as catalysts for the growth of the industry. Here we present some factors that tell us why IVF services market is booming in India.

Rising Number of Infertile Married Couples

The first and foremost reason for the boom in the industry is the rise in infertility among married couples. According to statistics, about 10-14 percent of the Indian population is suffering from infertility. Nearly 27.5 million couples are fighting with infertility in the hope of conceiving a child.

There are various health issues that have led to the rise in infertility among couples. For them, IVF has made a whole lot of difference, hence giving the industry an instant boom.

Changing Lifestyle Patterns

Women are considered to be the most fertile in their 20s. But, with changing lifestyle patterns, the age of marriage is getting postponed and girls are thinking of starting their families later in life. Fertility gradually starts to decline after the age of 32 and after the age of 35, the decline speeds up. This is another reason that people are turning towards IVF services more often.

Cheaper Healthcare Giving Rise to Medical Tourism

India has become a hub for medical tourism because of its cost-efficiency of hospitals and healthcare treatments. This works as a catalyst for the IVF services industry as India attracts a lot of patients suffering from infertility from outside borders. The IVF services are much cheaper in price but highly effective in India. Therefore, investors are more forthcoming towards investing their money on the IVF industry, which seems to earn a big profit through medical tourism.

Rise in Single Super-Speciality Hospitals

A single super speciality hospital is one that is primarily and exclusively engaged in the care and treatment of the patients suffering from a specific illness. The rise in single super speciality hospitals has given rise to IVF-centric clinics and hospitals. This rise has led to the IVF service market bloom instantly in the economy. With single super speciality hospitals and clinics getting prevalent in every nook and corner, married couples that suffer from infertility are becoming more open towards taking the IVF services.

 

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Bakery & Confectionary
    About Us: The Churro Co. is quintessential cafe chain for Mumbai..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Established in 2012, Hot Fut Sports, a venture of..
    Locations looking for expansion Maharashtra
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 6000 - 50000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Quick Service Restaurants
    About Us: While Wada Pavs have been on a high, Samosas..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Robotics & Technical Training
    IndiaFIRST® ROBOTICS - a name known for India’s First ever Modular robots..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2013
    Investment size Rs. 50 K - 2lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
ads ads ads ads