Industry Analysis & Industry Trends
About one in six Australian couples suffer infertility, which has made the Fertility Clinics industry one of the fastest growing industries in the health sector. Fertility clinics assist patients who are unable to conceive naturally through a variety of treatment options, the most common and popular of which is in-vitro fertilisation (IVF) cycles. Over the past five years, the number of completed IVF cycles in Australia has increased by 2.7% annualised to a forecast 41,000 cycles in 2013-14. A number of factors have led to growth in demand for infertility treatments and procedures, particularly from women who are choosing to have children later in life. Further, growth in the infertility rate has contributed to increased incidences of infertile women seeking treatment... purchase to read more
Industry Report - Industry Investment Chapter
The Fertility Clinics industry has a medium level of capital intensity, which is typical for a medical service industry that uses extensive medical equipment. In 2013-14, IBISWorld estimates that industry players require $7.94 worth of labour for every dollar of capital invested.
The industry's largest costs are related to labour, given a clinic's reliance on its doctors, nurses and specialist medical staff to differentiate itself from other players in the industry. In 2013-14, wages are expected to account for just over 35% of revenue, with the average wage exceeding $118,500 per annum. The highly specialised nature of fertility and reproductive medicine means that clinics either employ or contract highly trained gynaecologists, obstetricians, endocrinologists and geneticists... purchase to read more