The birth rate segment in the country has grown by 20 percent over the past five years, emphasizes the call to action, Ernst and Young report
According to a study by AIIMS, about 10-15 percent of couples in India have fertility problems. In addition, Ernst and Young in their 2015 call for action estimated that 27.5 million couples in India want to have children but cannot do so naturally. The increase in the prevalence of late parenthood has increased the incidence of infertility due to reduced egg quality among women, making it difficult to conceive. In addition, sedentary lifestyles have increased the number of cases of infertility. This forces people to look for advanced treatment options, which creates huge opportunities in the market.
The birth rate segment in the country has grown by 20 percent over the past five years, underlines the call to action, Ernst and Young report. The future looks extremely promising, as India’s birth rate industry was estimated at $ 746 million in 2021 and is expected to reach $ 1,453 million by 2027. It is expected that the market for IVF services will receive market growth in the forecast period from 2021 to 2028.
Giving an insight into the fertility sector in India, Crysta IVF founder Jiraj Jain said: “Although India is the second most populous country, it is ironic that infertility problems among couples are a growing concern. Also, looking at population demographics, even though 65 percent of people are under the age of 35, infertility is a much bigger problem than what we imagine at the moment. With such alarming statistics, it all comes down to making ART and IVF more affordable and affordable, while informing everyone about reproductive health. ”
The market for IVF services in India is expected to show significant growth due to rising infertility rates, rising trends in late pregnancies, increasing IVF success rates and increasing cash income in the region.