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Declining unemployment and increasing corporate profit will ultimately boost per capita disposable income and the number of people with private health insurance, allowing more individuals to afford industry services. For these reasons, industry research firm IBISWorld has updated a report on the Fertility Clinics industry in its growing industry report collection.
New York, NY (PRWEB) August 29, 2014
In the five years to 2014, revenue for the Fertility Clinics industry is expected to increase. Although the industry weathered the recession fairly well, the decline in per capita disposable income and drop in the number of people with private health insurance slowed the industry's growth and caused revenue and growth to remain constrained early in the five-year period. In 2014, continued improvement in the labor market is expected to boost per capita disposable income and increase the number of people with private health insurance, increasing demand for fertility clinics; consequently, revenue is anticipated to increase in 2014.
According to IBISWorld Industry Analyst Lucas Isakowitz, over the past decade, infertility treatments have become more advanced and less risky, resulting in an increasing number of women, especially over the age of 40, seeking industry services. In the five years to 2012 (latest data available), the number of in vitro fertilization (IVF) procedures has increased by an annualized 2.2%, to nearly 180,000 treatment cycles. According to the Center for Disease Control's Assisted Reproductive Technology (ART) Report, the percentage of pregnancy success rates is greater when using frozen embryos than the success rates of using fresh embryos in women older than 35. Consequently, in 2012 (latest data available) the number of frozen embryo transfers made up 28.2% of all treatments, significantly higher than their portion in 2009 (19.0% of all treatments). This trend is anticipated to continue, with infertility treatments continuing to evolve, encouraging more individuals and couples to seek industry services, says Isakowitz.
Industry revenue is anticipated to continue grow in the five years to 2019. Declining unemployment and increasing corporate profit will ultimately boost per capita disposable income and the number of people with private health insurance, allowing more individuals to afford industry services. Additionally, the 2010 healthcare reform will increase access to public health insurance, which often covers some degree of infertility treatment, further raising demand for industry services.
For more information, visit IBISWorlds Fertility Clinics in the US industry report page.
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IBISWorld industry Report Key Topics
The Fertility Clinics industry includes medical facilities that offer treatments to aid individuals in conceiving children. These facilities offer diagnosis, medications, intrauterine insemination, in vitro fertilization and other assisted reproductive technology methods.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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