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Fertility Clinics in Australia Industry Market Research Report Now Available from IBISWorld
Date:5/21/2013

Melbourne, Australia (PRWEB) May 22, 2013

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. According to IBISWorld industry analyst Naren Sivasailam, “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. Australia is also one of the few developed countries in the world that has substantial government funding for fertility treatments, thereby making seeking treatment economically feasible. In the five years through 2012-13, industry revenue is estimated to increase at a compound annual rate of 11.1%.

The industry is dominated by three major players: Virtus Health Limited, Healthbridge Enterprises Pty Ltd and Genea Limited. “There has been a trend towards increasing market concentration due to the amount of consolidation occurring as a result of mergers and acquisitions”, says Sivasailam. However, establishment numbers are increasing as companies continue expanding. The industry is in a growth life cycle phase because it is relatively young. Participation in industry services is increasing as people become more aware of the benefits of IVF.

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