Industry Analysis & Industry Trends
Although the industry weathered the recession well, the decline in per capita disposable income and fall in the number of people with private health insurance slowed the industry's growth in 2009. In the coming years, the industry will benefit from improving per capita disposable income and a greater number of people with private health insurance. And as couples date and live together longer before marriage, the average age at which couples marry and have children is projected to rise. This trend will ultimately contribute to the industry's growth because older women have a harder time conceiving than younger women do.... purchase to read more
Industry Report - Starting a New Business Chapter
In addition to strict reporting requirements due to regulation, the industry's barriers to entry are high as a result of the skilled workforce and high-tech equipment needed to operate a fertility clinic. Although up-front costs of entering the industry can be minimized through equipment leasing and financing, finding skilled staff is increasingly difficult and the average wage is rising to reflect this.
Furthermore, it is difficult for consumers to switch to a new fertility clinic and transfer medical records, as well as eggs or sperm. Likewise, clinics are often judged by the published outcomes of prior treatment cycles and a new entrant will have no data available for prospective clients... purchase to read more