The global women’s health market is expected to reach USD 24.48 Billion by 2027, according to a new report by Emergen Research. The market is anticipated to register a CAGR of 5.5% from 2020 to 2027.
The global women’s health market is expected to reach USD 24.48 Billion by 2027, according to a new report by Emergen Research. The market is anticipated to register a CAGR of 5.5% from 2020 to 2027. The rising prevalence of chronic diseases such as cancer, osteoporosis, and infertility is expected to drive the market growth over the forecast period.
The women’s healthcare market is experiencing a surge in demand due to the rising awareness about women’s health and the need for early detection and treatment of diseases. The market is also driven by the increasing incidence of chronic diseases such as cancer, osteoporosis, and infertility. In addition, the growing number of working women and their participation in decision-making is expected to fuel the market growth. However, the high cost of diagnostic tests and treatments is expected to restraint the market growth over the forecast period.
Use of female contraception is a vital aspect of women’s healthcare. Contraception helps in spacing the births, which is important for the health of both the mother and the child. It also reduces the risk of abortion and unwanted pregnancies. The use of contraception has increased over the years due to the growing awareness about its importance. This is expected to drive the market growth over the forecast period.
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Increasing investments in femtech startups is expected to provide growth opportunities for the market. Femtech is a rapidly growing industry that focuses on providing technology-based solutions for women’s health and wellbeing. Startups in this domain are developing products and services related to fertility, pregnancy, menopause, and sexual health. The increasing investments by venture capitalists in these startups is expected to drive the market growth over the forecast period.
Some Key Highlights from the Report
- By product type, devices held a substantial women’s health market share in 2019 due to the growing preference for minimally invasive procedures. Minimally invasive surgical procedures are associated with shorter hospital stays, less pain, and scarring. These procedures are also less costly than traditional open surgeries.
- The pharmaceuticals segment is expected to witness the fastest growth over the forecast period due to the increasing prevalence of chronic diseases such as cancer, osteoporosis, and infertility. The rising incidence of these diseases is expected to fuel the demand for pharmaceuticals over the forecast period.
- The hospitals & clinics segment accounted for the largest share of the global market in 2019 due to the growing preference for outpatient services. These services are convenient and offer a wide range of treatments and procedures. In addition, hospitals & clinics offer a wide range of diagnostic and therapeutic services.
- The home care segment is expected to witness the fastest growth over the forecast period due to the growing preference for self-care. Home care offers convenient and affordable services that can be customized according to the needs of the patient. In addition, home care services are associated with shorter hospital stays and fewer complications.
- North America dominated the global women’s health market in 2019, accounting for a share of 37.1%. The region is expected to retain its leading position over the forecast period. This can be attributed to the presence of major players in the region and the growing awareness about women’s health.
- Asia Pacific is expected to be the fastest-growing region over the forecast period. The market in the region is driven by the growing awareness about women’s health and the need for early detection and treatment of diseases. In addition, the increasing incidence of chronic diseases such as cancer, osteoporosis, and infertility is expected to fuel the market growth.
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Emergen Research has segmented the global women’s health market on the basis of product type, application, end-users, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Devices
- Drugs
Application Outlook (Revenue, USD Billion; 2017-2027)
- Contraceptives
- Postmenopausal Osteoporosis
- Hormonal Infertility
- Menopause
- Endometriosis
- Polycystic Ovary Syndrome (PCOS)
- Others
End Users Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals & Clinics
- Obstetrics & Gynecology Centers
- Ambulatory Surgical Centers
- Research Institutes
- Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
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