Three-Child Policy into Law——A Powerful Impetus to Assisted Reproduction Industry
Draft amendment to Law on Population and Family Planning was submitted to the 30th Session of the Standing Committee of the 13th National People’s Congress for deliberation on August 17. This was another major revision to the law since the last change of universal two-child policy. The draft amendment mainly embraced the implementation of three-child policy and the abolition of social maintenance fees and other restrictive measures combined with supportive measures of active fertility. Besides, it strengthened the guarantee of the rights and interests of eligible families that comply with family planning regulations before two-child policy.
The most significant highlight of this draft amendment was the three-child policy up to the legal level, that is to say, three-child policy will become a statutory content of the Law on Population and Family Planning. This transformation implicated a higher level of implementation with further stability, promotion and persistence, endowing the national population and family planning work with more reasonable maneuverability and predictability that is conducive to the advancement of comprehensive work and in-depth coordination of the early layout.
In addition, “abolition of social maintenance fees” was an extremely important burden reduction measure for both rural and urban areas. Objectively said, people with a considerable aspiration to procreate will undertake an increase of fixed expenditures, which suggests a reduction in other necessities for an ordinary family. The possible declining or shrinking quality of life due to fertility doesn’t conform to the value orientation of the policy, therefore, the inclusion of this regulation in the law can solve the economic burden of childbirth to a large extent.
Facing the three-child policy, some are unwilling but some are unable
Attached to the three-child policy written in the law, measures on supporting policies and support for active fertility were also added. It shows that the policy is not just a sentence, but a regulation with the backing of complete related measures to reinforce and proceed mutually. For the practical level, the positive willingness is coupled with more targeted solutions, so that families that don’t want to have more babies will reduce worries.
The legislation of the policy will be bound to boost some people’s fertility demand, and assisted reproductive technology (ART) becomes an option for advanced or infertile women.
Assisted reproduction industry serves as a cardiac stimulant for the fertility rate
With further enforcement of the policy, ART will play an increasingly important role in helping people realize their wish of third child, which is a major opportunity and a severe challenge for the entire industry.
The market space of ART is expected to expand, but with which relevant national agencies will carry out more strict supervision to industry technology safety and standard use of medical devices. The assisted reproduction industry is about to face unprecedented challenges, and compliance will accelerate the reshuffle of the entire industry.
It’s a great benefit to assisted reproduction market that the three-child policy will gradually spread across the nation with related supporting policies put into action. Suzhou Basecare Medical Corporation Limited is China’s first listed company in the field of gene sequencing in the assisted reproduction industry, with commitment to the R&D and clinical application of high throughput sequencing technology in reproductive health. Our mission is to help infertile patients have their own babies and patients with genes of genetic diseases have healthy babies so that more families have healthy babies. We will actively respond to national policies and regulations, with compliant products for the three-child policy escort, making contributions to the national eugenics.