Market Size of Fertility Tourism Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 30.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fertility Tourism Market Analysis
The fertility tourism market is expected to witness significant growth at a CAGR of 30.1% over the forecast period.
The COVID-19 pandemic had a significant impact on the medical tourism sector, including fertility tourism. Fertility tourism in popular destinations such as India, China, Malaysia, Brazil, Mexico, and other emerging countries was hampered during the initial phases of the pandemic due to restrictions in movement, and supply chain disruption, etc. Travel restrictions in the first two years of the pandemic, such as during 2020 and 2021, had an adverse impact on fertility tourism. For instance, as per a study published in the Reproductive Biomedicine & Society Online journal in March 2022, COVID-19 hampered healthcare services, and the widespread use of assisted reproductive technology came to an end as clinics closed in Europe and during the pandemic phase, thousands of people's fertility treatments were disrupted, especially in the United Kingdom. Thus, these delays in treatments and travel restrictions during the pandemic had an adverse impact on the market studied.
However, currently, as COVID-19 infections and risks have been controlled, and everything has been back to the pre-pandemic level, fertility treatments have been normalized. Additionally, during the analysis period, it is anticipated that the target nations for fertility treatments and tourism will experience a significant increase in the number of tourists seeking treatment and drive the overall market growth.
The studied market growth is largely attributed to the factors such as the increasing rate of infertility among the target population, improved accessibility and proximity to fertility services, and high cost of treatment in developed and emerging countries and are expected to drive the studied market growth during the analysis period.
The increasing rate of stress among the target population is driving the burden of various conditions such as obesity, risk of drug abuse, and increasing alcohol use which further leads to infertility among the end users. in this context, the CDC published a report in April 2021, and it stated that globally, the annual infertility rate among couples trying to conceive is 35%, where a male factor is identified as a cause of infertility along with a female factor. Likewise in about 8% of couples with infertility, a malefactor is the only identifiable cause, as per the source above. Additionally, as per data updated by CCRM Infertility Center in July 2022, infertility is a global health issue and approximately 60 to 80 million globally. Hence, the burden of infertility is driving the demand for fertility treatments worldwide. As the cost of treatments is high in most developed countries, people prefer to travel to destinations that offer better services at affordable costs. Therefore, it is expected to drive market growth in the forecast period.
However, disparities in access to effective treatment for infertility in developing countries are one of the major factors that are predicted to hamper the market's growth.
