Market Overview
The China fertility services market is eyeing for substantial growth during the forecast period (2019-2024).
Market Dynamics
The rise of China as a major economy has resulted in a fundamental shift in lifestyle, favoring sedentary behavior and altering dietary consumption patterns. Furthermore, many people are facing doom due to climate-related difficulties. The urban Chinese family's lifestyle has changed as a result of financial growth and globalization. Most women postpone marriage and have children, making it more difficult for couples to conceive naturally. Life's stresses, as well as an increase in alcohol intake, can be blamed for the hormonal havoc. China's one-child restriction has finally been repealed. However, the contradiction has emerged among Chinese women who are currently having difficulty conceiving. These have had a significant impact on the fertility rate. China's ambition to produce a baby boom has been thwarted. There is also a scarcity of sperm in sperm banks.
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Integration of modern technologies such as in vitro fertilization (IVF) treatments in the healthcare sector, as well as reimbursement schemes created by various organizations, are among the primary factors strengthening the China fertility services industry in the next years. The medical business is feeling the effects of the surge in medical tourism, as more Chinese single women and couples travel away from home to receive the care they require. The demand is rapidly growing, and overseas clinics are responding. Some are opening new facilities, hiring Mandarin-speaking personnel, and offering marketing and materials tailored exclusively for these patients on their websites.
The demand for Assisted Reproductive Techniques (ART) has increased dramatically in recent years. Infertility among patients is the primary cause of the rise in ARTS. Fast lifestyle changes, smoking, drinking, steroids, mental stress/trauma, and other medical issues such as diabetes, cystic fibrosis, trauma, testicular failure, Fallopian tube blockage, female ovarian malfunction, and other medical conditions can all precipitate ARTS. As a result, these factors are assisting the growth and development of the Chinese fertility services market.
The dearth of clinics and hospitals, as well as tight regulations for non-married women, are the main drawbacks of fertility treatment in China. If these processes are not available in China, they can be completed without difficulty in other countries for those who desire to have a child but are unable to do so in China. If they are not eligible for treatment in China, they may be able to travel abroad for fertility treatments. Furthermore, because China has restricted access to ART facilities, many couples who are unable to conceive children are turning to a variety of fertility treatments. Radiation, pesticides, and other environmental contaminants, as well as work-related stress and unhealthy lifestyles, are thought to play a role in China's rising rate of infertility. The goal of this initial report is to offer China with nationwide ART data as well as government policy in terms of compliance and non-compliance, with a focus on China's family plan policy. Despite the “late” introduction of ART treatments to Chinese patients, ART centres are committed to delivering all of the procedures that fall under the ART umbrella to their patients and are increasing infrastructure, creating a positive market potential.
Competitive Dynamics
Merck KGaA, Cooper Surgical, Ferring Pharmaceuticals, Irvine Scientific Sales Company, Inc., Cook Medical, and Vitrolife are among the leading industry players in China's reproductive services market.
Mergers, acquisitions, and the introduction of new products are all effective techniques for gaining a foothold in the market. Foreign healthcare corporations dominate the Chinese healthcare sector, particularly in terms of IVF treatments. The majority of them followed a "passive" business model, which entails forming partnerships with tour operators. To put it another way, Western healthcare businesses are leading the charge in delivering IVF services in China by utilizing a "passive" business model based on relationships with tour agents and referral offices. Although international hospitals and clinics now supply the finest quality IVF services, the fast-growing demand from Chinese singles and couples is the key to their success on the Mainland. Foreign clinics that provide IVF services in China have a competitive advantage in terms of both high-quality healthcare and the variety of techniques they offer.
Market Segmentation
The China Fertility Services Market can be divided into two categories based on the underlying cause: female fertility and male infertility.
The Chinese fertility services market can be divided into two types of treatments: assisted reproductive technology (ART) and infertility medications.
The China fertility market is made up of fertility clinics, clinical research institutes, hospitals, and other end-users.
Regional Overview
The China fertility services industry reports on the most recent trends and occurrences in East, West, Central, Southeast, and North China. China is quickly gaining popularity as a reproductive treatment destination. To become a fertility tourism destination, it is undergoing modifications in both government rules and healthcare structures. The preliminary results are extremely impressive. East China, in particular, is doing an outstanding job, as the region is seeing an influx of patients from all over the world, not just from China.
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