Dublin, June 23, 2023 (GLOBE NEWSWIRE) -- The "Fertility Tourism Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The global fertility tourism market is anticipated to witness impressive growth during the forecast period.
This can be ascribed to the growing prevalence of infertility and couples going for different kinds of fertility treatments. The changing lifestyle patterns and prevalence of obesity, and different reproductive disorders, among others, have significantly increased the infertile population requiring treatment.
Studies suggest that Taiwan, South Korea, Singapore, Macau, and Hong Kong are the top five countries with the lowest fertility as of 2021. The lack of effective fertility treatments in these countries makes people travel to other parts of the world to get treatment. For instance, Malaysia is a hotspot in the Asia Pacific region for getting in-vitro fertilization treatments done on account of its high success rate.
All these countries are located in the Asia Pacific region, and people from these countries go to Malaysia and other parts of the world to get their in-vitro fertilization treatments done. The world's average success rate is 50 percent, but Malaysia's success rate is about 65 percent on average. Besides, increasing the insurance coverage for in-vitro fertilization procedures due to male infertility and ovarian failures will further boost the fertility tourism market in the forecast period.
Growing Prevalence of Obesity
The increasing prevalence of obesity is a major factor contributing to the growth of fertility tourism. According to Global Obesity Observatory, the prevalence of obesity among males in the United States was about 36.47%, while that in females was about 38.16%. In terms of obesity in males, the United States ranked 14th, while in females, the United States stood at 30th position. Obesity reduces sperm count in males and is responsible for causing infertility among women.
This, in turn, has increased the pool of people availing services like in-vitro fertilization. The success rate of these treatments and affordability is not the same in all the countries. This makes people travel to countries where the success rates are higher and, at the same time, affordable. This, in turn, is expected to support the growth of the global fertility tourism market.
Sex Selection
One of the major factors that have increased fertility tourism is the availability of sex selection options. Many countries, such as the United States, UAE, Thailand, Italy, and Mexico, are a few such countries that provide the option for gender selection in in-vitro fertilization treatments.
This in turn has increased fertility tourism in these countries. In 2020, the number of international medical tourists in the UAE in thousands accounted to be around 500. Similarly, UAE also witnesses a lot of expats every year to get fertility treatments done, thereby driving the growth of the fertility tourism market.
Companies Mentioned
- 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
Market Segmentation
by Service:
- In-Vitro Fertilization
- Artificial Insemination
- Others
by Application:
- Infertility Treatment
- Sex Selection
- Others
by Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Finland
- Russia
- Poland
- Bulgaria
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Malaysia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Egypt
For more information about this report visit https://www.researchandmarkets.com/r/k26il1
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