IVF chains in India aren’t deterred by paltry things like probabilities. They’ve made IVF the new C-section—essentially, a revenue-generating procedure pushed before natural alternatives are even considered. All at 4X the cost of a C-section, or around Rs 2 lakh for a single cycle.
The result is a $1.4 billion IVF market in India—10 times the market for cataract surgery, the most common procedure worldwide.
Unsurprisingly, venture-capital and private-equity firms have swooped in for the kill.
That this growth is coming at the cost of quality care is the real problem.
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