Women could freeze their eggs for as little as $5 a day

AN ASIAN fertility franchise setting up shop in Melbourne says it will “transform” the fertility management industry by providing “pay as you go” egg freezing to millennial women.

AN ASIAN fertility franchise setting up shop in Melbourne says it will “transform” the fertility management industry by providing “pay as you go” egg freezing to millennial women.

XY. Life clinics, owned by Borderless Healthcare Group, says women will be able to freeze their eggs for as little as $5 a day.

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Australian women could be able to freeze their eggs for as little as $5 a day. Picture: Supplied

The practice is called “social egg freezing”, allowing women to retain the possibility of trying to have a child with her own eggs later in life, even after she has become infertile.

Founder of the company, Singaporean Dr Wei Siang Yu, also known as “Dr Love” said “paying as you go” is “attractive to Millennials who are not happy to pay a big lump sum”.

“Social egg freezing is expected to become a global trend that will be popular for single women, young couples and those in the LGBT community, with Australian laws allowing donor sperm to fertilise eggs of single women,” the Borderless Heathcare Group founder said.

XY. Life clinics want to empower women and girls to understand reproductive prospects by informing them about the amount of eggs they have, how they diminish in number and quality with age, and risk factors including smoking, excessive drinking, poor diet and sleep.

Dr Yu told 3AW the company’s Australian operation expected about 50 per cent of clients to be from overseas, particularly Asian countries which don’t allow women to freeze their eggs.

“We’re talking about a new group of fertility consumers that are the Millennials and they will be in the 20-30-years-old (group) looking at different options to preserve their fertility,” he told the radio station.

After an upfront fee, Dr Yu said the cost could be as little as $5 a day.

A clinic is expected to open in Melbourne by mid-2019.

Dr Yu went to Monash Medical School and previously featured in reality TV series including Dr Love’s Super Baby Making Show.