Industry Analysis & Industry Trends
One in six Australian couples suffers from infertility. The Fertility Clinics industry assists 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 1.2% annualised to a forecast 40,800 cycles in 2014-15. 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. Australia is also one of the few developed countries in the world that has substantial government funding for fertility treatments, which has made fertility treatment in Australia more economically feasible... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Fertility Clinics industry is in the growth phase of its life cycle, characterised by growing participation, demand and technology. In the 10 years through 2019-20, industry value added is estimated to increase by an annualised 3.5%, compared with GDP growth of 2.7% per annum over the same period. This suggests that the industry's contribution to the economy is growing faster than the economy itself as it outperforms the economy, a trademark for an industry in the growth life cycle stage.
Demand for fertility and assisted reproductive services has grown dramatically over the past decade, driven by a combination of social, demographic and economic factors that have made diagnosis and treatment much more affordable and socially acceptable than in the past... purchase to read more