Read On To Know Why IVF Is A Trendy And Profitable Business Option In Today’s Time
The ever-transforming health and wellness industry has given rise to several new segments that were earlier an untapped market. One such sector is IVF that has been in existence for a long time but has started to gain momentum and popularity recently.
The rapidly transforming lifestyle of people is resulting in the rise of various IVF chains in modern time.
Wellness franchisors/entrepreneurs are stepping into this segment, realizing the fact that being a parent is one of the most beautiful feelings in the world. But, unfortunately, not everyone is able to become parents naturally, and this can be due to a variety of reasons like stress, lifestyle, etc. This is when these healthcare franchisors/entrepreneurs utilize the method of IVF or adopting the in-vitro fertilization.
IVF: A Ray of Hope
Through IVF, healthcare people are providing a ray of hope for everyone that goes through a tough time in conceiving due to numerous different reasons. Moreover, the gradually increasing infertility rate in India is causing this segment to boom, flourishing the business with different methods and practices.
“Medical tourism is the travel undertaken in the pursuit of health. Patients, usually from developed nations, travel to other countries e.g. India, which offer cheaper healthcare facilities. As for other branches, the IVF industry of India caters to patients from varied nationalities that come to our shores seeking the gift of a baby,” shares Anagha Karkhanis - Senior Gynaecologist and Infertility Specialist and Director of Cocoon Fertility.
Why IVF is a Profitable Option?
IVF business has started being considered as a profitable business option because of the rising youth that are career conscious. Sometimes, in pursuit of their careers make them overlook the concept of family planning during their principal years of lives.
Overblown by the work culture and long and hectic hours, planning for children gets delayed, increasing stress levels and decreasing fertility levels.
Further, the stationary lifestyle followed by the smoking and drinking culture of the Indian population is gradually contributing towards the worsening of the situation. These things cause hormonal changes in the body that directly affects the fertility levels of an individual.
Thus, as this lifestyle continues to dominate, IVF is becoming a profitable business option for those who are seeking success in the Indian healthcare industry.