IVF provider launches its first clinics in Southeast Asia

The IVF provider Generation Prime has announced the launch of its first clinics in Bangkok and Kuala Lumpur, as the Asia-Pacific IVF market is expected to reach US$46b by 2031.

The clinics are the first in a series of 15 roll-ups across Thailand, Malaysia, and Singapore, providing access to fertility services for Southeast Asia’s 600 million residents.

Investment in Generation Prime was led by Recharge Capital, with additional investment from Thiel Capital, and Shamrock Holdings, Inc, an investment vehicle for the Disney Family, Blue Lion Global.

Junyi Hou, head of investment operations at Generation Prime, said: “We are thrilled to open our first health services clinics serving individuals across Southeast Asia.

“Our state of the art clinics are designed to assist people wherever they are on their fertility journeys, and we look forward to expanding our clinic network in the region.”

According to studies, 50 per cent of couples are expected to rely on IVF for conception by 2045.

Demand for IVF and related fertility services is rapidly growing around the world, particularly in Southeast Asia, which has seen a notable population decline in recent years.

China alone accounts for one million IVF cycles annually, equivalent to ~40 per cent of the global market, and exports an additional ~500,000 cycles each year due to a mix of regulatory and demand constraints.

By traveling to its clinics in Thailand, Malaysia, and Singapore as medical tourists, Generation Prime hopes its patients could receive access to fertility care at a fraction of the cost compared to countries like China.

“Generation Prime is well-positioned to emerge as a leading IVF and fertility service provider in Southeast Asia due to a combination of their brand new facilities, top-notch team, and emphasis on accessibility,” said Lorin Gu, founding partner of Recharge Capital.

“At Recharge Capital, we have identified women’s healthcare as a thematic sector primed for long-term growth, and companies like Generation Prime are leading the way to make key services like IVF more accessible and cost-effective for women around the world.”

Singapore-based Generation Prime offers services, including assisted conception, fertility preservation, advanced fertility tests, third party reproduction, and pre-implantation genetic testing.