Press release
Women's Health Market Projected to Hit USD 56.12 Billion at a CAGR of 4.7% CAGR by 2030
Women's Health Market Analysis Overview Insights:In a recent research report by Market Research Community, the Women's Health market is expected to surpass USD 56.12 Billion by the year 2030, from USD 37.12 Billion in 2021.
Women's health is characterized as a physical state of well-being that goes beyond basic wellness or the absence of disease or disability. The market is growing as a result of the increase in older women as well as the introduction of new medications for women's health, like Relugoliz and Orilissa. Additionally, effective government activities to improve women's health and raise awareness are projected to grow the market.
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Top Key Players of the Women's Health Market:
The report includes a regional analysis and country analysis with the latest trends, along with the major key players including AbbVie, Inc.; Bayer AG; Merck & Co., Inc.; Pfizer, Inc; Teva Pharmaceutical Industries Ltd.; Agile Therapeutics; Amgen, Inc; Apothecus Pharmaceutical Corp.; Blairex Laboratories, Inc.; Ferring B.V.
On the Basis of Application:
Postmenopausal Osteoporosis
Hormonal Infertility
Endometriosis & Uterine Fibroids
Contraceptives, Menopause
PCOS
Regional Analysis:
North America- (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
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The others segment had the greatest market share in 2021 and is anticipated to hold onto the top spot throughout the projected period. Women under 50 are of reproductive age, and conditions including hormonal infertility, endometriosis, and polycystic ovarian syndrome that are common in this age group are more likely to affect fertility. Approximately 1.9 billion women out of a total of 3.8 billion women worldwide were between the ages of 15 and 49 in 2020, according to the World Bank. All of the aforementioned elements contribute to the market's expansion.
Asia Pacific is anticipated to see the quickest CAGR during the forecast period due to factors like rising geriatric populations, increased awareness of women's health and wellbeing, and different government health awareness initiatives. For instance, the Government of India boosted its family planning spending from US$ 2 billion to US$ 3 billion by 2020 in July 2017. The Australian government will also spend USD 353.9 million over the following four years to boost women's health, according to the 2021-22 budget.
The Women's Health market is projected to grow at a significant pace reaching a CAGR of approximately 4.7%, over the forecast period of 2022-2030, despite a considerable fall in Application sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
The study is consolidated into major segments and further into sub-segments, such as by Application (Postmenopausal Osteoporosis, Hormonal Infertility, Endometriosis & Uterine Fibroids, Contraceptives, Menopause, PCOS) by Age (50 Years & above, Others) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 - 2021, considering 2021 as the base year.
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The research is answerable to the following key questions:
Where can business owners locate more potential customers during the forecast period, 2022 - 2030?
How are the major vendors operating in the Women's Health market planning to reach a potential audience in the emerging economies? Why are sales soaring in certain parts, but dismal in other regions of the world?
How much are the customers willing to pay for the products and services?
How much is the dimension of the Women's Health market catered by the major vendors?
How often will the customers buy a product or service during the forecast period, 2022 - 2030?
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