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 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 2018-19, industry value added is estimated to increase by an annualised 6.2%, compared with GDP growth of 2.6% per annum over the same period. This suggests that the industry's contribution to the economy is growing much faster than the economy itself, 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