Global women's health devices market

Global Women's Health Devices Market Size, Share, Growth Analysis, By Application(General Health & Wellness, Cancers & Other Chronic Diseases), By End-User(Hospitals & Clinics, Home Healthcare) - Industry Forecast 2024-2031


Report ID: SQSG35A2019 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 66 | Figures: 75

Global Women's Health Devices Market Insights

Global Women's Health Devices Market size was valued at USD 38.43 billion in 2019 and is poised to grow from USD 40.29 billion in 2023 to USD 468.18 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).

In light of the current global situation, spending on women's health has significantly increased. The increased awareness of women's health issues and the steady rise in women's disposable incomes around the world are the main causes of this increase in spending. The market is also anticipated to be heavily driven by the rising occurrence of female cancers like breast and ovarian cancer as well as other conditions like uterine fibroids. The women’s health devices market is anticipated to grow significantly over the projected period as a result of all these reasons combined.

A wide group of businesses with a range of application areas have been inspired to engage in the R&D of new products by the positive advancements in the field of women's health. As a result, there were many new products introduced throughout the predicted period, including both medicinal and diagnostic equipment. The younger generation of women is anticipated to strongly adopt these products as the demographics of women change in the worldwide context. This upward trend is anticipated to continue significantly.

US Women's Health Devices Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Women's Health Devices Market size was valued at USD 38.43 billion in 2019 and is poised to grow from USD 40.29 billion in 2023 to USD 468.18 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).

Regarding the women's health devices market's competitive environment, there are numerous businesses of varying sizes present, each with a varied product portfolio and a broad range of potential applications. F. Hoffmann-La Roche Ltd. currently holds a dominant position in the market, mostly as a result of the company's diagnostics portfolio, which includes several products that address female health issues. Numerous female cancers, as well as pregnancy and fertility, are some of the application areas of women's health that F. Hoffmann-La Roche Ltd. handles. Boston Scientific Corporation is another significant competitor with a big array of medical devices for pelvic health. 'CooperSurgical Inc.', 'GE Healthcare', 'Koninklijke Philips N.V.', 'Siemens AG', 'Medtronic plc', 'Boston Scientific Corporation', 'Hologic Inc.', 'Johnson & Johnson', 'Abbott Laboratories', 'F. Hoffmann-La Roche AG', 'Merck & Co., Inc.', 'Pfizer Inc.', 'Bayer AG', 'Becton, Dickinson and Company', 'Cardinal Health, Inc.', 'Thermo Fisher Scientific Inc.', 'Olympus Corporation', 'Fujifilm Holdings Corporation', 'Danaher Corporation', 'Smith & Nephew plc'

Due to the significant increase in the number of female patients over the past several years, there has been a significant rise in the need for medical equipment for the diagnosis and treatment of diseases affecting women's health, such as a variety of female cancers. Numerous studies have shown that during the past few decades, there has been a marked rise in the prevalence of disorders affecting women's health. Several governments have launched projects to increase knowledge of female ailments to lower the mortality rate among female patients with serious illnesses.

Numerous investment initiatives are being made, which is one of the most common trends in the women's health devices market and is expected to significantly boost market growth throughout the projected period. There are a lot of benefits of aggressive investment programs. Several of the benefits of these initiatives increase the number of more practical and cheap solutions available, which encourages the widespread use of these medical devices. Additionally, these investment opportunities are anticipated to lead to the introduction of cutting-edge products.

North America dominated the global women's health devices market, with a market value of US$ 15.40 billion in 2021 and is likely to continue to do so during the forecast period. A few of the factors that contribute to this region's dominance include the substantial healthcare spending on women's health in the area and the comparably larger demand for technologically advanced devices.

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Global women's health devices market

Product ID: SQSG35A2019

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