Fertility Clinics in the US - Industry Market Research Report

Fertility Clinics in the US - Industry Market Research Report
Fertility Clinics in the US

Economic and societal trends are driving spending on fertility treatments. Rising incomes allow more individuals to pay for the substantial cost of treatment. Fertility clinics have also seen an uptick in demand as more people decide to marry or start families later in life, and same-sex couples seek out clinics to have a child. According to the Pew Research Center, these trends have led fertility-assisted US births to jump to 2.0% by 2021. COVID-19 disruption created unprecedented operating challenges for clinics. Labor challenges across the health sector have pressured clinics to pay higher salaries for staff, limiting profit even as demand swelled. Still, sociodemographic trends are creating a growing need for fertility treatment, leading industry-wide revenue to expand at a CAGR of 2.1% over the past five years - including an expected drop of 1.4% in 2023 - when revenue is slated to total $7.9 billion.

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.