Oval Advanced Fertility Care and Merck Specialities Private Limited, the Indian healthcare arm of Merck KGaA, Darmstadt, Germany and a global leader in fertility sciences with decades of scientific leadership in reproductive medicine, have signed a strategic Memorandum of Understanding (MOU).
India’s IVF market, valued at approximately USD 2.35 billion in 2024, is projected to reach USD 5.03 billion by 2034, growing at a compound annual growth rate of 7.9 per cent. However, market growth alone does not ensure better outcomes for patients, and the collaboration aims to address the disconnect between rapid market expansion and consistent treatment standards. This collaboration seeks to address the gap between growth and consistent standards of care by combining scientific expertise, digital innovation, patient support frameworks, and clinical capability building to improve both access and treatment outcomes.
Ms. Veena Reddy, Co-Founder & Director, Oval Fertility, said, “When we set out to build Oval, we were clear that we wanted to offer care that goes well beyond the procedure since India’s fertility landscape is at an important juncture. The gap between the number of couples who need care and those who actually receive quality treatment remains very wide. The partnership with Merck brings together shared values around transparency, clinical excellence, and putting the patient at the centre of every decision.”
Pratima Reddy, Managing Director, Merck Specialities Private Limited, said, “Fertility care in India is evolving rapidly, with patients seeking greater transparency, a more seamless experience, and stronger confidence in outcomes. Merck is well-positioned to partner with progressive care providers to address these expectations through an integrated approach, combining clinical expertise, advanced technologies, and data-driven insights. Through collaborations like this, we are committed to strengthening the fertility ecosystem and advancing more predictable, high-quality standards of care for patients across the country.”
With a longstanding legacy in reproductive healthcare, Merck brings deep expertise across fertility treatments, IVF technologies, and clinical education, supporting healthcare professionals in delivering evidence-based fertility care. Through its integrated approach to therapeutics and reproductive technologies, Merck continues to advance innovation aimed at improving fertility outcomes globally.
Oval Advanced Fertility Care is backed by GVK, one of India’s most established business conglomerates, and is led by an internationally acclaimed medical team guided by Dr. Brian Levine and Medical Director Dr. Sandeep Karunakaran, with over 30 years of experience, and Reproductive Endocrinologist Dr. Keerthana Vemula.
