How big is the in vitro fertilization market ?

The global in vitro fertilization (IVF) market is substantial and growing rapidly.Here's a summary of its size based on recent reports:

• Market Size in 2023 : Approximately ₹1,660 billion to ₹2,158 billion (based on USD 20-26 billion).

• Projected Market Size by 2030-2032 : Approximately ₹2,720 billion to ₹4,253 billion (based on USD 32.9 billion to USD 51.24 billion).

Key Factors Contributing to Market Growth

• Rising Infertility Rates : Globally, infertility rates are increasing due to various factors like lifestyle changes, delayed pregnancies, and medical conditions.

• Technological Advancements : Continuous advancements in IVF techniques, such as improved culture media, genetic testing, and embryo selection methods, are improving success rates and driving demand.

• Increasing Awareness and Acceptance : Growing awareness about IVF as a viable option for infertility treatment and increasing social acceptance are contributing to market growth.

• Rising Healthcare Expenditure : Increasing healthcare expenditure and disposable incomes in many countries are making IVF treatments more accessible.

• Fertility Tourism : The rise of fertility tourism, where people travel to other countries for more affordable or specialized IVF treatments, is also contributing to the market's expansion.

The IVF market is a dynamic and evolving market with significant growth potential.