Safe Fertility Group Public Company LimitedRiding on surrogacy law and surging global demand, expects revenue acceleration from rising patient numbers.

Safe Fertility Group, or SAFE, is laying out strategies to capture the IVF market, riding on Thailand's revised surrogacy law and surging global demand. The company expects second-half 2026 revenue to grow faster than the first quarter, driven by rising patient numbers both domestically and internationally, along with full-quarter revenue recognition from its laboratory business. Krungsri Securities estimates the global IVF market will grow at an average of 6 to 9 percent per year between 2024 and 2030. SAFE has a strong customer base of both Thai and foreign patients and is expanding partnerships with leading hospitals, including the launch of joint laboratory services with Chiangrai Prachanukroh Hospital from the second quarter of this year. The average monthly number of egg retrieval and embryo transfer cycles in the first quarter of 2026 stood at 83 cycles, with an improving trend, especially from Indian clients increasingly opting for services in Thailand. Management noted that profit margins are set to improve as patient volumes rise, allowing the company to benefit from operating leverage and supporting profit growth at a faster pace than revenue.
Safe Fertility Group Public Company LimitedRiding on surrogacy law and surging global demand, expects revenue acceleration from rising patient numbers.