The Business of Babies

In this series, Going Deep, we'll be doing bite-sized explorations into the most interesting industries, businesses and economic events… in Australia and around the world.

For today's episode, we’ll be diving into the business of IVF. Birth rates are hitting record lows, people are having kids later than ever and a $730 million Australian industry has built itself on that gap.

But at the same time, we've seen two of Australia's three biggest IVF providers hit by major scandals in the same year.

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Note: This recording took place in February 2026. All numbers noted were accurate as of this date.

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