India: Cocoon Fertility Pvt Ltd, which is one of the leading IVF chains in India, has already expanded its footprints in Kerala by opening their franchise centre in Kochi, Ernakulam. This will evidently have a positive impact on the fertility sector of healthcare and escalate its growth.
According to Dr. Anagha Karkhanis, Director of Cocoon Fertility Pvt Ltd, “The journey of Cocoon Fertility has been wonderful till now. We believe that the good work that we do in Maharashtra should also be available to the people of Kerala. We look forward to spread awareness about the IVF treatment which is unfortunately still as a taboo in our country. We believe in reaching out to couples facing their silent struggle with infertility. Cocoon chooses FOCO model for pan India expansion, with both parties shouldering the investments. Our model allows for faster growth with an ideal business mixture of Cocoon technical expertise and local market insight of the franchise. We chose to start in the South as it is definitely a market with growth potential.” Dr.Rajalaxmi Walavalkar, Consultant IVF, Cocoon Fertility, said “The Indian IVF market is showing growing steadily and has a high potential attracting private equity and venture capital investments e.g. AHH, TPG etc. Standalone IVF centres make demographic, financial and operational sense making the business scalable and replicable. Affordable treatments will increase the penetration of services in the market.”
According to BlueWeave Consulting, Cocoon Fertility Pvt Ltd have doctors who combine 50 years of expertise in the IVF field along with proper European training. Their franchise team has experience of over 25 years which will bring forth complete professionalism to their expansion ventures. Cocoon Fertility is offering people affordable treatments with a humane touch but without having to compromise on the quality and ethical working. The fertility centre believes that through their model of the franchise they will be able to offer excellent services all across India. At present, the fertility centre has centres at Versova, Santacruz, Thane, Cochin, Dadar, and Pune. They are also coming up with centres at Vashi, Nashik, and Pune. Reports suggest that the Indian market for IVF will grow significantly. Researches show that there are around 27.5 million couples in India who are infertile and only 10% of them seek for medical help. The expansion of Cocoon Fertility will grow the company and also the fertility market in the country due to their affordable yet quality treatment structure.
According to the report by BlueWeave Consulting on “In-Vitro Fertilization (IVF) Market Size, Share & Trends Analysis Report by Instruments (Culture Media, Capital Equipment, IVF Disposable Devices), by End-Use (Hospitals, Clinics), by Type, And Segment, by Region- Industry Analysis, Size, Share, Growth, Trends & forecast by 2018-2025”, the market is growing significantly with an escalating CAGR. The growing prevalence of infertility is caused due to the increasing age of marriage for women since more women are working nowadays, rising consumption of alcohol and tobacco which are mainly driving the market. The government has also taken various initiatives for the couples who face infertility so that they can receive proper treatment and medication at affordable prices.