INDIA FERTILITY MONITOR MARKET ANALYSIS

India Fertility Monitor MarketSize and Trends

The India fertility monitor market is estimated to be valued at US$ 2.4 Million in 2023 and is expected to exhibit a CAGR of 8.3% during the forecast period (2023-2030).

Figure 1. India Fertility Monitor Market Share (%), By Modality, 2023

Market Size in 2023: US$ 2.4 Mn

Forecast Period: 2023 to 2030

Forecast Period 2023 to 2030 CAGR: 8.3%

Market Trends

The increasing technological advancements in the treatment of infertility are expected to drive market growth over the forecast period. For instance, on July 18, 2023, the Indian Council of Medical Research, a government authority in India, and the ICMR (National Institute for Research in Reproductive and Child Health) developed a kit and AI-based software to accurately diagnose the genetic cause of infertility. To address this concern, ICMR scientists developed an artificial intelligence-based algorithm. This algorithm predicts the rate of sperm retrieval, fertilization, clinical pregnancy, and live birth based on the identified microdeletion. It provides valuable information about the genetic basis of the microdeletion, helping doctors and patients understand the chance of assisted reproduction.

Market Trends:

An increasing awareness campaign by fertility clinics and key market players to raise awareness about infertility is expected to drive market growth over the forecast period in the North India region. For instance, in March 2020, Artemis Hospital, Gurugram, Delhi, launched an infertility program and awareness campaign to raise awareness about infertility.