“The presence by structure analysis of IVF clinics revealed that currently India’s IVF Market is ruled by independent clinics but now the situations favoring chain-based IVF clinics”, says RNCOS.
Noida, UP -- (SBWIRE) -- 05/13/2015 -- India's IVF market is expected to touch INR 38.2 Billion by 2020 end, growing at a CAGR of 15% over the five years time spanning from 2014-2020. In existing scenario, the maximum numbers of clinics in India are independent, and comprise 50% of the total IVF clinics/centers, followed by the hospital based clinics (runs as a division of hospital). However, chain-based clinics constitute only 18% of the total IVF clinics. With increased awareness amongst people, hospital sparsely populated and lacking high end technological devices/equipments in most of independent clinics, allowing the chain-based clinics to expand their presence across the country.
With many chain-based IVF clinics gaining grounds in terms of popularity has allowed many domestic and international players to be a part of India's IVF Market. Much appreciated facilities, high-end technology, and quality of service at chain-based clinics are the major driving factors for chain-based clinics. Southern India has the maximum penetration, followed by Northern India when it comes to chain-based clinics. In South-India 52% of the total chain-based clinics are present; however, East-India has only 10% of the total chain-based clinics, thus a bigger room for the new chain-based clinics.
Our research study "Indian IVF Market Outlook 2020", report encompasses the IVF general procedure; the penetration of IVF clinics and redirection centers in India in terms of region i.e. East, West, North, South, by structure i.e. Clinic Chains, Multi-specialty Hospitals and independent clinics, IVF cycles performed and PGD facility; the future outlook of IVF in India in terms of value; IVF patients flow process; the laws and bylaws associated with the industry; industry trends and technological advancements; and a detailed competitive landscape covering the profiles of key service providers in India.
In recent times, a substantial growth in collaboration between chain, multi-specialty and independent clinics has been witnessed, leading to best in class services at affordable prices. Also, factors like very few legal procedures/paper work for surrogacy, that too at 1/10th the cost in developed countries, to allow the India's IVF market to expand in near future.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.