The fertility tourism is referred as the practice of traveling or moving to another country for the treatment of fertility disorder. Fertility tourism is also acknowledged as reproductive tourism or medical tourism and there can be different reasons for the fertility tourism. Artificial insemination and In-vitro fertilization are two main treatment procedures, which are specially done by fertility tourism. Artificial insemination is a common type of infertility-treatment procedure that to the growth of fertility tourism market. In artificial insemination procedure, sperms are introduced into a woman’s reproductive tract by means of other ways, excepting sexual intercourse. Additionally, In-vitro fertilization is a specific type of procedure used to treat the infertility. In vitro fertilization is the process of collecting mature eggs from the ovaries.
Increasing the health awareness, which leads to increase the diagnosis of fertility disorders, promotes the fertility tourism market. A high intake of certain drugs like anabolic steroids, sulfasalazine can increase the incidence of fertility diseases and thus boost the fertility tourism market.
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Referring to the study, Global Fertility Tourism Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027. Some of the key companies operating in the global fertility tourism market include Smart Choice Medical Travel, Med Journeys, Visit and Care, Smart Choice Medical Travel, Renew FertilityCare, Global Egg Donors and among others. The key players in the fertility tourism industry are seeking strategic mergers, acquisitions and collaborations to improve the consumer access, as well as strategic international promotion initiatives.
Based on types, Global fertility tourism market can be segmented as artificial insemination, In-vitro Fertilization and others. In-vitro fertilization segment dominates the global market owing to superior efficacy and relatively affordable costs. In addition, based on application, market can be segmented as sex selection and infertility.
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Increase in awareness about fertility disorders in developing countries, followed by relaxation of regulations regarding single mothers & transgender/same-sex parents, increase in research & developmental activities & technological advancement, and growth in investments by governments towards medical tourism is some major factors, which are responsible for growth of the fertility tourism market. Apart from this, shortage of adequately trained professionals in the industry and Unfavorable reimbursement scenarios may impact the market. Moreover, rise in concern associated with cancer treatments & associated effects on fertility is a leading opportunities for global market.
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Based on regional analysis, the North-America region holds major share in global fertility tourism market owing to increase in government efforts to boost medical tourism, availability of lower cost treatments in the destination country, growth in healthcare expenditure coupled with increase in incidence of fertility disorders for instance ejaculative disorders and hormonal imbalance across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to high disposable income and increase in ovulation disorders over the forecast period. It is projected that future of the global fertility tourism market will be optimistic on account of increase in health awareness along with improvements to accuracy for diagnosis of fertility disorders during the forecast period.
Ankur Gupta, Head Marketing & Communications
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