Global Women's Health Devices Market Growth Prospects, Future Industry Landscape 2033 | Abbott Laboratories, Koninklijke Philips N.V., CooperSurgical Inc., F. Hoffmann-La Roche Ltd

"The women's health devices market size has grown rapidly in recent years. It will grow from $37.68 billion in 2023 to $41.64 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to increase in awareness about women's health and well-being, rise in prevalence of women-specific health issues, expansion of healthcare infrastructure, rise in disposable income, rise in healthcare spending.

The women's health devices market size is expected to see rapid growth in the next few years. It will grow to $63.07 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to supportive government initiatives, changing lifestyles and dietary habits, expanding geriatric female population, ongoing research and development, increasing focus on personalized medicine. Major trends in the forecast period include wearable women's health devices, telemedicine and remote monitoring, ai and machine learning integration, non-invasive and minimally invasive procedures, menopause management solutions.

Market Overview -
Women's health devices refer to devices that enable them to take control of their health and health-related data with at-home tests and other features. The women's health devices are used to enhance women's healthcare, including maternal and menstrual health, pelvic and sexual health, fertility, menopause, and contraception, as well as many general health disorders that affect women disproportionately or differently, such as osteoporosis or cardiovascular disease.

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Government Initiatives Bolstering Growth In The Women'S Health Devices Market
An increase in government programs aimed at raising awareness about women's health is contributing to the growth of the women's health devices market going forward. Government programs aimed at raising awareness about women's health refer to initiatives and awareness events organized by the government to make the population aware of some societal boosting the public healthcare system's efficiency and effectiveness. These government programs help create awareness, which in turn increases the need for women's health devices for easy diagnosis. For instance, in March 2022, according to the Department of Health, Victoria, the Victorian government released its first-ever women's sexual and reproductive health strategy and priority action plan for women's sexual and reproductive health. The plan is supported by a $6.6 million investment for action and education to reduce stigma and improve knowledge of sexual and reproductive health and other such issues. Therefore, an increase in government programs aimed at raising awareness about women's health is expected to boost demand for women's health devices during the forecast period.

Competitive Landscape -
Major companies operating in the women's health devices market include Abbott Laboratories, Koninklijke Philips N.V., CooperSurgical Inc., F. Hoffmann-La Roche Ltd., Caldera Medical Inc., Medtronic plc, Johnson & Johnson, GE HealthCare Technologies Inc., Siemens Healthineers AG, Hologic Inc., Boston Scientific Corporation, Cardinal Health Inc., Becton, Dickinson and Company, Olympus Corporation, Fujifilm Holdings Corporation, Stryker Corporation, Zimmer Biomet Holdings Inc., Smith & Nephew plc, Intuitive Surgical Inc., Merck & Co. Inc., Roche Diagnostics Corporation, Thermo Fisher Scientific Inc., Illumina Inc., Agilent Technologies Inc., Bio-Rad Laboratories Inc., PerkinElmer Inc., Abcam plc, Active Motif Inc., Diagenode Inc.

Innovations In Technology Paving The Way For Advanced Women'S Health Devices
Technological advancement is a key trend gaining popularity in the women's health devices market. Many companies operating in the women's health devices sector are looking for new technologies to strengthen their position in the women's health devices market. For instance, in May 2022, iSono Health, a US-based medical equipment manufacturing company, launched ATUSA, which is the world's first portable and automated 3D breast ultrasound scanner. This combines a unique 3D ultrasound scanner with artificial intelligence to perform full breast scans and accurately locate breast tumors. It automatically captures the entire breast volume, allowing for unremarkable breast ultrasound imaging at the point of care without the need for a trained ultrasound driver. This launch represents another step forward for the company and the female population.

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Key Segments -
The women's health devices market covered in this report is segmented -
1) By Product: Surgical, Diagnostics, Contraceptives, Labor and Delivery, Critical Care
2) By Type: Devices, Consumables
3) By Application: Cancer, Osteoporosis, Infectious Disease, Uterine Fibroids, Post-menopausal Syndrome, Pregnancy, Female Sterilization, Other Applications
4) By End-user: Hospitals, Obstetrics and Gynaecology Clinics, Diagnostic Laboratories, Ambulatory Surgical Centres, Other End Users

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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