India In Vitro Fertilization Microscopes Market Size & Outlook
India in vitro fertilization microscopes market, 2018-2030 (US$M)
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India in vitro fertilization microscopes market highlights
- The India in vitro fertilization microscopes market generated a revenue of USD 5.6 million in 2023 and is expected to reach USD 11.4 million by 2030.
- The India market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- Outpatient Facilities is the most lucrative end use segment registering the fastest growth during the forecast period.
In vitro fertilization microscopes market data book summary
| Market revenue in 2023 | USD 5.6 million |
| Market revenue in 2030 | USD 11.4 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | Outpatient Facilities |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Research And Manufacturing |
Other key industry trends
- In terms of revenue, India accounted for 5.1% of the global in vitro fertilization microscopes market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China in vitro fertilization microscopes market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 11.4 million by 2030.
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In Vitro Fertilization Microscopes Market Scope
In Vitro Fertilization Microscopes Market Companies
| Name | Profile | # Employees | HQ | Website |
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India in vitro fertilization microscopes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to in vitro fertilization microscopes market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 83.93% in 2023. Horizon Databook has segmented the India in vitro fertilization microscopes market based on hospitals, outpatient facilities, research and manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
Various initiatives are being undertaken by key players to reduce the cost of products and focus on indigenous product manufacturing, which is expected to contribute to market growth. In March 2019, Shivani Scientific Industries (P) Ltd.—a manufacturer of biomedical equipment—won litigation that allowed the classification of ICSI machines as medical equipment.
Initially, ICSI machines (a microscope with a micromanipulator) when imported incurred a higher duty than medical devices and an 18% GST as compared to 12% on other medical devices. Thus, the verdict has resulted in a significant reduction in the cost of the product, which may help in reducing the cost for patients.
India witnessed a remarkable increase in the demand for IVF services. This surge can be attributed to several factors, including delayed marriages, a rise in the average age of pregnancy, an increase in infertility rates, higher disposable income, and rise in awareness about the availability of infertility treatments.
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Our clientele includes a mix of in vitro fertilization microscopes market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India in vitro fertilization microscopes market , including forecasts for subscribers. This country databook contains high-level insights into India in vitro fertilization microscopes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India in vitro fertilization microscopes market size, by end use, 2018-2030 (US$M)
India In Vitro Fertilization Microscopes Market Outlook Share, 2023 & 2030 (US$M)
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