Report ID: UCMIG35A2150 | Region: Global | Published Date: July, 2022 | Pages: 165 | Tables: Figures:Home Sleep Apnea Testing Devices Market
Report ID: SQSG35A2019 | Region: Global | Published Date: July, 2022 | Pages: 165 | Tables: 66 | Figures: 75
Global Women's Health Devices Market size was valued at USD 38.43 billion in 2021 and is poised to grow from USD 40.29 billion in 2022 to USD 468.18 billion by 2030, growing at a CAGR of 4.8% in the forecast period (2023-2030).
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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Women's Health Devices Market has been segmented based on end-user, application, and region. Based on application, the Women's Health Devices Market is segmented into general health & wellness, cancers & other chronic diseases, reproductive health, pregnancy & nursing care, pelvic & uterine healthcare, and others. Based on end user, the Women's Health Devices Market is segmented into hospitals & clinics, home healthcare, and others. Based on region, the women's health devices market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Women's Health Devices Market Analysis by Application
Due to the rising frequency of numerous female malignancies, the cancers & other chronic diseases segment held the largest market share for women's health devices in 2021. This sharp increase in female cancer occurrences is anticipated to result in a greater need for efficient health gadgets, which will likely further fuel the application segment growth throughout the projection period. For instance, in December 2021, F. Hoffmann-La Roche Ltd. declared the release of the cobas PIK3CA Mutation Test for patients with advanced or metastatic breast cancer in nations that recognize the CE mark.
These initiatives are anticipated to strengthen the momentum for growth in 2021, the pregnancy & nursing care section held the second-highest market share due to the inclusion of various essential women's health products, including breast pumps and pregnancy tests. In 2021, the reproductive health segment was the third-largest category in the global women’s health devices market. The rising demand for female contraceptive devices was one of the factors supporting the segment's strong market share. Due to the high demand for female urinary incontinence devices, the section of healthcare that focuses on the pelvis and uterus is also anticipated to experience great development possibilities. The general health and wellness segment is anticipated to be driven by rising demand for medical devices including breast implants.
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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.
Due to the substantial female healthcare spending in important European countries and the presence of a large female population, Europe generated the second-largest share of the market in 2021. The highest CAGR is anticipated to be seen in the Asia Pacific region from 2022 to 2028. The improvement of the healthcare system in Asian nations, the rise in the number of diseases affecting women, and the rising awareness of technologically advanced women's health equipment are driving the regional market expansion.
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Women's Health Devices Market Driver
Women's Health Devices Market Restraint
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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.
Due to their product offerings focused on female urinary incontinence and diagnostics, other businesses like Coloplast A/S and Hologic Inc. also hold a significant market share of the global market. Several rising businesses are anticipated to emerge as a result of increased investment activities in the women's health devices market, and these businesses may grow their market shares during the forecast period.
Top Players in the Global Women’s Health Devices Market
Women's Health Devices Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, by application, cancers & other chronic diseases dominated the global women's health devices market in 2021 and is anticipated to maintain their dominance throughout the forecast period. In 2021, North America dominated the global women's health devices market owing to the region's substantial healthcare spending on women's health and the comparably larger demand for technologically advanced devices.
|Market size value in 2021||USD 38.43 billion|
|Market size value in 2030||USD 40.29 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Women's Health Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Women's Health Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product ID: SQSG35A2019