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. The 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 4.4% per annum to a forecast 40,000 cycles in 2012-13. A number of factors have led to the strong growth in demand for infertility treatments and procedures, particularly growth in 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 - 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.
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. Therefore staff are required to have a wide range of knowledge and experience in providing fertility and IVF treatments... purchase to read more