Global Fertility Tourism Market to be dominated by In-Vitro Fertilization Treatment through 2027
Increasing adoption of fertility
procedures is expected to drive the growth of global fertility tourism in the
forecast period, 2023-2027.
According to TechSci Research report, “Fertility Tourism Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2017-2027”, the global fertility
tourism market is anticipated to grow at an impressive rate in the forecast
period, 2023-2027. This can be ascribed to the increasing cases of
infertility, an increasing trend of delayed pregnancy, among others.
Additionally, rapid acceptance of medical tourism is expected to create
lucrative opportunities for the market growth in coming years. Besides, growing
awareness among population related to fertility tourism is further expected to support
the market growth.
However, the sudden outbreak and spread of pandemic COVID-19 negatively
impacted the fertility tourism market on account of fear of catching the virus
and restrictions of movement.
The global fertility tourism market can be segmented by service, by application and by region.
Based
on service, the global fertility tourism market can be segmented into in-vitro fertilization, artificial
insemination, others. The in-vitro fertilization is expected to dominate the market in 2021
and is expected to continue maintaining its dominance throughout the forecast
period. The increasing
the number of fertility clinics, increasing high success rate of fertility
treatment through in vitro fertilization, among others are some of the factors
supporting the segmental growth. According
to a survey conducted by Fertility Clinic Abroad in 2020, Spain emerged out as
the most preferred destination for getting in-vitro fertilization treatment
done followed by Cyprus, Greece, Czech Republic, United Kingdom, and United
States.
In
terms of application, the global fertility tourism market can be categorized
into infertility treatment, sex selection and others. The infertility treatment
segment dominated the market in 2021 on account of growing prevalence of
infertility among the population worldwide. In 2020, the fertility rate
reduced to 1.64 children per woman from 1.71 children per woman in 2019 in the
United States.
Major companies operating in global fertility tourism market are:
- Manchester Fertility Services Ltd
- San Diego Fertility Center
- Eva Fertility Clinics
- The Surrey Park Clinic
- Bumrungrad International Hospital
- Assisted Reproduction and Gynecology Centre
- Sincere IVF Center
- Alpha IVF & Women’s Specialists
- Genesis IVF
- Apollo Fertility
Customers can also request for 10% free customization on this report.
“The Asia Pacific is
expected to dominate and register the highest growth in the global fertility
tourism market on account due to the increasing prevalence of infertility in
the region. Furthermore, delayed pregnancies and increase in prevalence of
problems such as ejaculatory dysfunction, polycystic ovarian syndrome,
endometriosis, among others which are further contributing to infertility and
problems in conceiving are further expected to support the market growth.
Besides, Malaysia is emerging out as one of the most popular destination for
availing in-vitro fertilization market, thereby creating lucrative
opportunities for the market growth” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Global Fertility
Tourism Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2017-2027 Segmented By Service (In-Vitro Fertilization,
Artificial Insemination, Others), By Application
(infertility Treatment, Sex Selection, Others) and By Region”, has evaluated the future growth potential of global fertility tourism market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global fertility tourism market.
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