Women's Health Market Growth, Key Drivers, Segmentation, And Forecast To 2033

The women's health market size has grown steadily in recent years. It will grow from $41.22 billion in 2023 to $43.24 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to advancements in reproductive medicine, awareness and education initiatives, empowerment and advocacy movements, prenatal and postnatal care advances, development of hormone replacement therapies.

The women's health market size is expected to see strong growth in the next few years. It will grow to $53.69 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to precision medicine in gynecology, rise in female-focused clinical trials, expanded use of non-invasive prenatal testing, expanded access to fertility treatments, increasing focus on mental health. Major trends in the forecast period include digital health solutions, fertility tracking and reproductive health, non-hormonal contraceptive options, maternal health and pregnancy monitoring, innovations in women's health diagnostics, integration of artificial intelligence (ai).

Market Overview -
Women's health is the area of medicine that focuses on the identification and management of ailments and illnesses that have an impact on a woman's physical and psychological health.

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Surge In Women-Centric Diseases To Propel The Women's Health Market
The rising prevalence of women-centric diseases is expected to propel the growth of the women's health market going forward. The women-centric diseases such as anemia, osteoporosis, breast cancer, menopause, and others are highly occurring due to various risk factors such as family history, increasing age, early onset of periods or menopause after 55 years, obesity, and others. This rising prevalence of women-centric diseases drives demand for women's health products and services that are required to treat these diseases and ensure the health and wellness of women. For instance, American Cancer Society, a US-based non-profit organization dedicated to eliminating cancer published an article in January 2023, according to which, cervical cancer was once one of the most common causes of cancer death for American women. About 13,960 new cases of invasive cervical cancer will be diagnosed in the USA in 2023 and from that around 4,310 women is expected to die from cervical cancer. Therefore, the rising prevalence of women-centric diseases is driving the growth of the women's health market.

Competitive Landscape -
Major companies operating in the women's health market report are AbbVie Inc., Bayer AG, Merck & Co Inc., Pfizer Inc., Agile Therapeutics, Amgen Inc., Apothecus Pharmaceutical Corporation, Blairex Laboratories Inc., Novartis AG, AstraZeneca plc, F. Hoffmann-La Roche Ltd., Ferring Pharmaceuticals, Lupin Pharmaceuticals Inc., Johnson & Johnson Services Inc., Allergan Plc, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Siemens AG, Hologic Inc., Celmatix Inc., HERA Biotech Inc., Juno Bio Inc., Maven Clinic Inc., MobileODT Ltd., Mylan N.V., ObsEva SA, Oviva Therapeutics Inc., Samphire Neuro Inc., Scailyte AG, Syrona Health AG

Innovations In Women's Health Redefine Personalized Care
Developments in women's health are a key trend in the women's health market. Major companies operating in the women's health market are developing new products to strengthen their position. For instance, in November 2021, FemTec Health, a US-based startup that focuses on women's health and beauty using technology and data to personalize care, developed a data analytics platform and infrastructure called BiomeAI to customize care by using genetic, consumer, microbiome, and biometric data. The BiomeAI engine uses deep machine learning and AI to translate this data into the delivery of holistic healthcare personalized for every woman.

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Key Segments -
The women's health market covered in this report is segmented -
1) By Product Type: Devices, Drugs, Pharmaceutical Pipeline
2) By Age: 50 Years & above , Other Ages
3) By Treatment Type: Hormonal Treatment, Non-Hormonal Treatment, Surgeries
4) By Application: Postmenopausal Osteoporosis, Hormonal Infertility, Endometriosis & Uterine Fibroids, Contraceptives, Menopause, Polycystic Ovar*y Syndrome (PCOS)
5) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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