Product ID: SQSG35A2019
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 Segmental Analysis
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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Global Women's Health Devices Market Regional Insights
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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Global Women's Health Devices Market Dynamics
Women's Health Devices Market Driver
- 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.
- Over the past few decades, the total prevalence of disorders affecting women's health has substantially decreased due to several causes, including technological advancements in diagnostic tools and increasing knowledge encouraging the use of preventative treatment.
Women's Health Devices Market Restraint
- Contrary to industrialized nations, the general people in emerging regions are less aware of various women's ailments, despite a crucial and growing demand for women's health products. Many signs of disorders affecting women's health that can be treated or rectified quickly with the right diagnostic and treatment tools are still poorly understood. In many developing nations, people rarely seek medical attention unless they have a serious or serious symptomatic ailment. Female malignancies are one example of a condition where the majority of the time the symptoms are absent and the diagnosis is inaccurate, which significantly lowers the number of patients who can be treated.
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Global Women's Health Devices Market Competitive Landscape
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
- 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
Women's Health Devices Market Recent Development
- February 2021 – CooperSurgical announced the acquisition of U.S.-based AEGEA Medical and its FDA-approved Mara Water Vapor Ablation System, which is an endometrial ablation treatment.
- January 2021 – Reckitt Benckiser Group PLC announced the acquisition of Queen V, a female sexual wellness brand established in the US, focused on vaginal health.
Global Women's Health Devices Key Market Trends
- 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.
- In the previous 12 months, according to a Forbes story from 2021, female the money obtained for the technology market segment was close to USD 800.0 million. For instance, Willow, a startup business developing a novel wearable technology breast pump for women, has announced further funding of $55.0 million as it intends to enlarge the product selection for new mums. As a result, these new tendencies are anticipated to provide the businesses operating in the market with a fresh female population base predicted to have a substantial impact on the market growth during the prediction period.
Global Women's Health Devices Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 38.43 billion |
| Market size value in 2031 | USD 468.18 billion |
| Growth Rate | 4.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Women's Health Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Women's Health Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Women's Health Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Women's Health Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Women's Health Devices Market Report Snapshots
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