The family planning industry is booming in the U.S., surpassing $800 million in investment as more families look to it. Fertility Services for family building.
Assisted reproductive technology (ART), an umbrella term for fertility treatments such as IVFhas been helping women conceive for decades but has seen a surge in demand recently.
This has created a wave of investors eager to get involved in the growing family planning industry. In 2022 alone, the industry received $800 million in venture capital funding, more than double that of 2019.
These planning services are often used by families who hope to have children later in life – when they are less fertile. Many American families are pushing to have children later in life, focusing on travel and their careers during their 20s and early 30s.
But doctors are concerned about its growing popularity There will be lulls into a false sense of security that IVF treatment will work for them.
More than $800 million in venture capital funding is expected to be invested in fertility technology in 2022, five times the amount the industry received in 2015.
According to a KFF study, women who seek fertility treatment are more likely to be older, white, wealthier and have private health insurance.
There are different forms of assisted fertility. The most popular form, in vitro fertilization, or IVF, works by fertilizing a woman’s egg in a laboratory environment and then implanting it in her uterus (file photo).
Angela Rustiger, CEO of German venture capital firm Sunfish Partners; told Axios: ‘We believe that the ability to form a family is a fundamental human right.’
Other investors see Axios simply responding to growing demand for reproductive health care services.
The most common form of ART is in vitro fertilization, known as IVF, where an egg is fertilized in a laboratory environment and then implanted in a woman’s uterus.
Another popular form is gamete intrafallopian transfer, where the egg is implanted in the fallopian tube after lab fertilization.
Frozen embryo transfer is popular among older women, when a previously stored egg is thawed and implanted into the uterus.
The Centers for Disease Control and Prevention (CDC) reported 326,468 women who used any type of ART in 2020, the most recent data available, nearly identical to 2019. There are figures.
Of this group, 123,304 women chose to freeze eggs or embryos for future use.
In 2010, a decade ago, the CDC reported 147,260 women who used ART services – meaning that demand had doubled in ten years.
Report published by In 2020, the Kaiser Family Foundation found that 15 percent of women ages 35 to 49 talk to a doctor for fertility help.
This is due to an increasing trend in American fertility, with many choosing to have fewer children and to have children later in life.
A CDC report was published this month. It found that the average woman is now 23.7 years old when she has her first child.
This is up from 22.9 in 2002 – a significant increase.
Women are now having just 1.1 children in their lifetime, down from 1.3 in 2002.
The number of same-sex couples using surrogates and other fertility treatments to have children has also increased significantly over the past decade.
Some have linked the recent surge in demand for fertility services to the U.S. Supreme Court’s overturning of Roe v. Weed last summer.
Lori Evans-Bernstein, CEO of virtual-first women’s health startup Carraway, told Axios last fall: ‘Women want control because it’s being so restricted.’
The explosion in demand has caught the interest of investors hoping to develop new tools to make the process more accessible to the average woman.
Fertility-focused technology venture funding will exceed $854 million in 2022, up from about $200 million in 2015.
Heavy investment in the industry will likely increase the number of fertility clinics across the United States, broadening the pool of potential patients.
About 25 million American women of reproductive age live in places with little, if any, access to fertility treatment.
Most of the roughly 500 fertility clinics in the U.S. are in metropolitan areas, leaving many poor women and those living in more remote areas away.
One in eight American women suffer from infertility, and only one-third of them get help.
Dina Shaker, partner at Lux Capital, said: ‘Tackling infertility requires innovations that lead to more comprehensive – and ultimately more effective – family care.’
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