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 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 although in some instances equipment may be leased to reduce capital expenditure outlays or reduce the risk of obsolescence. In 2014-15, IBISWorld estimates that industry players require $7.60 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 2014-15, wages are expected to account for just under 33.0% of revenue, with the average wage exceeding $100,000 per annum... purchase to read more