Women's Health Market Size, Top Trends, Outlook Report To 2024 To 2033

The Business Research Company recently released a comprehensive report on the Global Women's Health Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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).

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Market Drivers and Trends:

An increase in the aging population is expected to propel the growth of the women's health market going forward. The aging population refers to a demographic shift characterized by an increasing proportion of elderly individuals within a population. It is typically measured by the percentage or number of people who are aged 65 and older in comparison to the total population. As the global population continues to age, the importance of women's health becomes increasingly significant in addressing the unique healthcare needs of aging women. The aging population, particularly women aged 65 and older, experiences a higher prevalence of women-centric diseases such as osteoporosis, breast cancer, and menopause-related issues. The demand for specialized women's health services and products grows, emphasizing preventive measures, screenings, and tailored healthcare interventions to ensure the well-being and quality of life for older women. For instance, in October 2022, the World Health Organization, a Switzerland-based specialized agency of the United Nations responsible for international public health published an article according to which, by 2030, 1 in 6 people in the world is expected to be aged 60 years or over and by 2050, the world's population of people aged 60 years and older is expected to double and reach 2.1 billion. Therefore, an increase in aging population is driving the women's health market.

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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Major Key Players of the Market:

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

Women's Health Market 2024 Key Insights:

• 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%.
• Surge In Women-Centric Diseases To Propel The Women's Health Market
• Innovations In Women's Health Redefine Personalized Care
• North America was the largest region in the women's health market in 2023

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