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With more than 17 million women estimated to suffer with infertility, India’s fertility market would be worth about Rs 5,000 crore in the next five years, an expert body said here.
The Indian Society for Assisted Reproduction (ISAR) - 2014 conference, which concluded on Monday, said the country is set to become the international hub for in-vitro fertilisation (IVF) and surrogacy.
India, with around 180 million women in the reproductive age group, also has the world’s largest young population, a positively skewed demographic profile towards youth and IVF target market.
Today, at one lakh IVF-ICSI cycles performed globally every year, India performs only 80 cycles per million population compared with 3,000 per million population in Israel, 1,500 in Australia, 500 in the US and 220 in Egypt.
The Assisted Reproductive Technology (ART) market in India is estimated to be worth $1 billion (Rs 5,000 crore) in the next three to five years and cross the Rs 10,000 crore mark by 2018, said Manish Banker, President of ISAR.
The 19th annual conference of ISAR 2014 was attended by more than 2,000 delegates from India and neighbouring countries. The three-day conference was inaugurated by Amrita Patel, Chairman, National Dairy Development Board (NDDB), along with actor Diana Hayden, former Miss World.
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