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 - Starting a New Business Chapter
Entry barriers to the industry are high due to the wide range of services provided by the industry; the high costs associated with fertility treatment; high wage costs for medical specialists; the need to have convenient and comfortable medical facilities for clients; the reputation of existing firms; and difficulties in attracting new clients. Each of these requirements is generally costly to establish and maintain, which creates considerable barriers to entry for new firms. Strict regulatory controls also act as an entry barrier.
Industry firms need to provide a wide range of medical services that covers the many fertility problems and issues that clients encounter when undertaking IVF and other treatments... purchase to read more