The in vitro fertilisation (IVF) services market in India is projected to reach $ 775.9 million by 2022, registering a CAGR of 16.6 percent from 2016 to 2022, according to a new report of Allied Market Research (AMR).
The market for IVF services in India is growing, due to rise in the number of married couples suffering from infertility, owing to urbanisation, pollution, stress, and lifestyle patterns. According to the Indian Society of Assisted Reproduction estimates, the infertility cases have increased to about 30 million couples in India.
In addition, India is becoming a preferred destination for medical tourism owing to low