Demand for fertility clinics services has grown thanks to improving economic conditions, which have raised disposable income levels and the personal savings rate. These factors have increased the number of Americans who can afford infertility treatment. Moreover, the expansion of the insured population has extended coverage to millions of Americans, stimulating demand for reproductive care services. Over the past decade, infertility treatments have become more advanced and less risky, leading an increasing number of women, especially over the age of 40, to seek industry services. Industry revenue is anticipated to continue to grow steadily over the five years to 2023. Declining unemployment and favorable macroeconomic conditions will boost per capita disposable income as well as the personal savings rate, enabling more individuals to afford industry services. Additionally, the expanding population with private health insurance and growing number of employers that include infertility coverage in their health plans are both projected to provide a boon to this already lucrative industry.
This 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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