Number of pages: 100 | Report Format: PDF | Published date: 28 September, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
The global women’s health devices market was pegged at ~US$ 36.23 billion in 2021 and is expected to witness a CAGR of ~9.2% during the forecast period.
Women’s health is a topic of major discussion worldwide. Many products focus on various sectors of women’s health such as reproductive health, sexually transmitted diseases, diagnostics of diseases such as cancer, osteoporosis, and pelvic and uterine health. It is important to diagnose and treat the conditions as these can directly impact the women’s physical and emotional well-being.
The burden of infectious and chronic disorders among females is rising, which is expected to fuel market growth. The risk of disease will increase with increased consumption of unhealthy foods and changes in lifestyle. Additionally, the absence of advanced healthcare facilities in poor nations and the lack of awareness regarding genital hygiene and sanitation will fuel market expansion during the projection period. Increasing rates of diseases like cervical cancer among women in high-income nations, an increase in the number of elderly women worldwide, and technological breakthroughs in the healthcare sector, are all contributing to the women’s health devices market growth.
However, a significant barrier to market expansion is the expensive cost of devices and procedures as well as women's lack of awareness, particularly in less developed economies.
The global women’s health devices market has been analyzed from five perspectives: product, type, application, end-user, and region.
Women’s Health Devices Market by Product
Based on product type, the global women’s health devices market has been subdivided into, diagnostics, contraceptives, critical care, and surgical. Due to the increased incidence of sexually transmitted infections in women, the contraceptive category holds a monopoly on the market. The population's increasing bent for planned pregnancies, which enhances the demand for contraceptive implants, intrauterine devices (IUD), and systems, further drives the segment's growth over the projection period.
Women’s Health Devices Market by Type
Based on type, the market is segmented into consumables and devices. The devices segment accounts for a sizable portion of the global women's health devices market since it comprises several beneficial tests. These diagnostic tests also include ovarian, breast, and uterine cancers as well as other conditions affecting women's health, apart from pregnancy and ovulation tests. A rise in the use of point-of-care diagnostics, an increase in the prevalence of disorders connected to women's health, and an increase in the number of diagnostic tests available are some of the factors driving the market for diagnostic testing.
Women’s Health Devices Market by Application
Based on application, the market is segmented into, pregnancy, female sterilization, post-menopausal syndrome, cancer, uterine fibroids, and osteoporosis. The cancer segment dominates the global women’s health devices market, because of the increasing prevalence of cervical cancer directly influencing the demand for healthcare devices.
Women’s Health Devices Market by End User
Based on end-user the global women’s health devices market is divided into hospitals, fertility clinics, and ambulatory surgical centers. The hospital segment holds most of the market share because of the flow of the bulk of patients for diagnosis and treatment purposes. The fertility clinic segment is expected to observe a high growth in the forecast period.
Women’s Health Devices by Region
Based on region, the global women’s health devices market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Due to widespread knowledge and adoption of women's health devices including implants and self-diagnostic testing, the North American women's health devices market accounted for most of the revenue share. The regional size will also increase due to the rising demand for technologically superior solutions. The government's emphasis on preserving women's health and well-being as well as the existence of powerful industry leaders in the region will also support the growth of the North American market in the years to come.
Some of the prominent players operating in the global women’s health devices market are: -