Women’s Health Market Size to Reach USD 27.54 Billion in 2028 | Industry Trend - Rising Prevalence of Chronic Health Disorders Such as Postmenopausal Osteoporosis, Endometriosis and PCOS Among Women
Emergen Research has published its latest report titled “Women’s Health Market, By Product Type (Devices, Drugs), By Application (Contraceptives, Postmenopausal Osteoporosis, Hormonal Infertility, Menopause, Endometriosis, Polycystic Ovary Syndrome, Others), By End-use (Hospitals & Clinics, Obstetrics & Gynecology Centers, Ambulatory Surgical Centers, Research Institutes, Others), and By Region Forecast to 2028”
According to Emergen Research, the global women’s health market size was USD 10.69 billion in 2020 and is expected to reach USD 27.54 billion in 2028 and register a revenue CAGR of 12.5% during the forecast period, 2021-2028.
Market Dynamics:
The global women’s health market revenue growth is primarily attributed to factors such as rising prevalence of chronic health conditions such as obesity, endometriosis, postmenopausal osteoporosis, and polycystic ovary syndrome (PCOS) among women, growing concerns of women’s health worldwide, increasing government initiatives such as awareness programs to curb population growth, and rising demand for contraceptives such as oral contraceptive pills, intrauterine devices (IUDs), and contraceptive implants and injections to avoid unwanted pregnancies. As per a recent study by the National Association of Chronic Disease, several government initiatives are under way to address women’s reproductive health problems and raise awareness about contraception, especially among women living in low-income regions with a lower literacy rate.
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Increasing research & development activities for advanced women’s health products, rising number of gynecology and maternity care centers, rising cases of infertility among women, and higher susceptibility of pregnant women to life-threatening conditions such as diabetes, heart disease, hypertension, and HIV are among the other major factors supporting the global women’s health market revenue growth.
Moreover, increasing R&D activities and innovations in the femtech (female technology) sector, such as development of mobile apps for fertility and menstrual cycle tracking, and increasing regulatory approvals for new and more advanced women’s health & nutrition products are factors that are further driving market revenue growth.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Drugs Segment Accounted for Largest Revenue Share in 2020:
Based on product type, the global women’s health market is segmented into drugs and devices. The drugs segment dominated other segments in terms of revenue share in the global market in 2020. Rising concerns of women’s health across the globe, increasing prevalence of conditions such as obesity, osteoporosis, endometriosis, PCOS, and infertility among women, and growing use of medications particularly indicated for women’s health, including Prolia, Zometa, Evista, Xgeva, Mirena, Actonel, Nuvaring, and Premarin, are key factors driving this segment’s revenue growth.
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Postmenopausal Osteoporosis Segment to Account for Fastest Revenue CAGR:
Based on application, the global women’s health market is segmented into contraceptives, postmenopausal osteoporosis, endometriosis, hormonal infertility, menopause, polycystic ovary syndrome (PCOS), and others. The postmenopausal osteoporosis segment is expected to register the fastest revenue CAGR in the global market over the forecast period. Postmenopausal osteoporosis is among the most prevalent health conditions in women and is associated with high risks of bone fractures. Increasing risks of postmenopausal osteoporosis in older women, especially those who are obese, and growing demand for postmenopausal osteoporosis medications such as bisphosphonates risedronate, and ibandronate are major factors boosting revenue growth of this segment.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America women’s health market accounted for the largest revenue share in the global market in 2020. Increasing cases of women’s health disorders such as postmenopausal osteoporosis, PCOS, menopause, and endometriosis, rising health awareness among women, increased spending on women’s healthcare products, rapid adoption of advanced femtech products & solutions, and rising income levels of people in this region are some of the key factors contributing to the North America market revenue growth.
Major Companies in the Global Women’s Health Market Include:
- Merck & Co.
- Allergan Plc
- Bayer AG
- Novartis AG
- Pfizer Inc.
- Amgen
- Lupin Limited
- Johnson & Johnson Services Inc.
- Agile Therapeutics
- Apothecus Pharmaceutical Corporation
- Ferring Pharmaceuticals
- Mylan N.V.
- Blairex Laboratories
- Eli Lilly and Company
For the purpose of this report, Emergen Research has segmented the global women’s health market on the basis of product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Devices
- Drugs
Application Outlook (Revenue, USD Billion; 2018-2028)
- Contraceptives
- Postmenopausal Osteoporosis
- Hormonal Infertility
- Menopause
- Endometriosis
- Polycystic Ovary Syndrome (PCOS)
- Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals & Clinics
- Obstetrics & Gynecology Centers
- Ambulatory Surgical Centers
- Research Institutes
- Others
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Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Women’s Health Market Segmentation & Impact Analysis
4.1. Women’s Health Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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