Chinese Women Are Driving a Global Fertility Industry Boom
China ended its one-child policy two years ago. Additionally, the government has been encouraging women to have more children to avert the kind of demographic crisis affecting Japan, where a shrinking population has been a drag on economic growth. All of these factors have encouraged women to seek out fertility services more than ever before.
Interestingly, companies outside of China have an edge because the country has a shortage of fertility centers and embryologists. Furthermore, the government restricts many fertility services to married heterosexual couples or women with ovarian cancer, forcing single women and unmarried couples to look abroad.
If Chinese fertility companies want to be competitive, they must improves their services and expertise. However, Dr. Alan Copperman, co-director of Reproductive Medicine Associates of New York, is counting on demand in the U.S. to remain strong. “There will always be people willing to travel around the world if there’s something innovative they can’t get locally.”
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