What is the Fertility Clinics industry?
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 2020-21, industry value added is estimated to increase by an annualised 3.2%, 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 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