Industry Analysis & Industry Trends
Despite struggling early in the five-year period, the Fertility Clinics industry has been fruitful over the past five years. Improving technology and new infertility procedures increased success rates while reducing costs, encouraging more couples to seek out industry services. Additionally, the improving economic condition slowly raised disposable income levels, increasing the number of Americans that could afford infertility treatment, therefore increasing demand for the industry. In the five years to 2019, the industry is expected to continue to grow, as increasing disposable income levels and a higher number of people with private health insurance make infertility treatments more affordable.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
During the 10 years to 2019, industry value added (IVA), a measure of the industry's contribution to the overall economy, is forecast to increase 2.1% per year on average. By comparison, IBISWorld projects US GDP will grow at an annualized 2.5% during the same period. Industries that are in the mature phase of the industry life cycle tend to grow at about the same rate as the overall economy. As such, the Fertility Clinics industry is best thought of as being in the mature phase of its life cycle.
In the 10 years to 2019, the number of firms operating in this industry is expected to remain relatively flat, forecast to increase just 0.5% per year on average to 430. Significant costs and a relatively limited target market limit the number of firms that can enter the industry... purchase to read more