“Among the structurally different IVF clinics, independent ones enjoy the highest penetration in India”, says RNCOS.
Noida, UP -- (SBWIRE) -- 06/13/2014 -- India is rapidly evolving as the hub for IVF and surrogacy as the country’s IVF industry’s revenues are estimated to have reached INR 14.2 Billion by the end of 2013. The key factors driving the market growth are likely to include the increasing infertility problem on account of changing lifestyle and delayed pregnancy terms; increasing number of IVF clinics and their collaboration with multispecialty hospitals; and the innovation and development of novel tools and technologies assisting the IVF process.
In terms of structure, the IVF clinics in India are of three types: Clinics that run in chains; Clinics that work as a division of hospital; and clinics which run independently. In India, maximum number of IVF clinics is independent and they comprise over half of the total number of IVF clinics operating across the country. The percentage of independent IVF clinics is high, backed by the fact that establishment of IVF clinics in India is unregulated, and anyone with basically required level of capital, knowledge and resources can establish one. On the other hand, in case of incorporating an IVF clinic as a division of hospital comes with certain pre-associated benefits like availability of infrastructure, low initial capital investment and routing of referrals from the hospital itself among others. In case of chains, brand name and the provision and quality of services and facilities is what matters the most.
On the holistic basis, the “Booming IVF Market in India”, report thoroughly discusses the IVF procedure in general; the penetration of IVF clinics in India in terms of region, structure, IVF cycles and PGD facility; the future outlook of IVF in India in terms of value and volume; the laws and bylaws associated with the industry; industry trends; and a detailed competitive scenario of the industry along with the profiles of key service providers.
With new service providers entering the market, increase in the number of collaborations between chains/independent clinics and renowned healthcare providers and hospital, and the rapid acceptance of IVF for dealing with reproduction problem, the Indian IVF market is bound to witness a gush in terms of growth in the years to come.
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