Fertility Tourism Market Scope
Fertility tourism refers to the practise of travelling from one country to another in search of fertility treatment in order to overcome fertility issues. It is a type of medical tourism that is growing in popularity around the world, particularly among patients from countries where regulations are too stringent. The laws that govern the use of fertility treatments to treat infertility are not uniform across the globe. As a result, many potential patients are forced to travel abroad to a country where the treatment they require is legal and accessible to non-citizens. Surrogacy and egg donation are two examples of fertility options that are frequently prohibited or severely restricted in most countries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Fortis Healthcare (India), Aditya Birla Health Services Limited (India), KPJ Healthcare Berhad (Malaysia), Dusit Medical Services (Thailand), Apollo Hospitals (India), Anavara (United Arab Emirates), UZ Leuven (Belgium), Medipass (Australia), Johns Hopkins Medical Centre (United States), BB Healthcare Solutions Ltd (United Kingdom) and AriaMedTour (Iran) |
CAGR | 30.2% |
The demand for Fertility Tourism is increasing. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Players are expected to focus on the creation of new compounds, which would likely drive the worldwide market forward over the forecast period. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Fertility Tourism market throughout the predicted period.
Fortis Healthcare (India), Aditya Birla Health Services Limited (India), KPJ Healthcare Berhad (Malaysia), Dusit Medical Services (Thailand), Apollo Hospitals (India), Anavara (United Arab Emirates), UZ Leuven (Belgium), Medipass (Australia), Johns Hopkins Medical Centre (United States), BB Healthcare Solutions Ltd (United Kingdom) and AriaMedTour (Iran) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Remed Health (India), Samitivej Hospital Group (Thailand) and Alphine Life Solutions (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Fertility Tourism market by Type , by Application (Infertility, Sex Selection and Others) and Region with country level break-up.
On the basis of geography, the market of Fertility Tourism has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2022 Birla Fertility and IVF Center launched its state-of-the-art IVF centre in Dwarka, India. Birla Fertility and IVF offer the full range of fertility diagnosing, assessment, and treatment to both men and women.
In January 2024, Ferns N Petals announced the launch of MediJourney, a medical tourism vertical. The company said MediJourney is committed to prioritizing personalized well-being for individuals worldwide.
Influencing Trend:
Rising Prevalence of Surrogacy and Rapid Development in Preimplantation Genetic Diagnosis (PGD)
Market Growth Drivers:
Increasing Incidence of Fertility Disorders such as Ejaculative Disorders and Hormonal Imbalance and Availability of Low-Cost and Offshore Treatment Options
Challenges:
Complications Associated with Fertility Tourism can Hinder the Growth of Fertility Tourism Market
Restraints:
The Occurrence of Ectopic Pregnancy and the Occurrence of Possible Birth Defects
Opportunities:
Increasing Research & Developmental Activities and Technological Advancement and Growing Investment in Medical Tourism
Key Target Audience
Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners and End-use industries