Press release
Global Womens Health Diagnostics Market to Reach $54.04 Billion by 2029, Growing at 10% CAGR
Womens Health Diagnostics Market Size
The growing instances of chronic illnesses are predicted to boost the expansion of the women's health diagnostics market in the future. Chronic illnesses are typically slow-progressing, long-term conditions that necessitate regular supervision and treatment. The escalating prevalence of such ailments paves the way for a heightened demand for women's health diagnostics that assist in recognizing and monitoring conditions like breast cancer, cervical cancer, and reproductive disorders. For example, in January 2023, as per the records of the National Library of Medicine, a US-based institution, it was predicted that the population in the US aged 50 and above with at least one chronic condition would surge to 142.66 million by 2050. Therefore, the escalating prevalence of chronic diseases in women propels the growth of the women's health diagnostics market.
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What Is the projected market size and growth rate for the womens health diagnostics market?
In recent times, the market size of women's health diagnostics has significantly expanded. The market, which was valued at $34.63 billion in 2024, is projected to increase to $37.16 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.3%. The growth during the historical period has been driven by higher awareness and education, an increase in the female population over the age of 40, governmental efforts aimed at women's health, trends in preventive healthcare, shifts in lifestyles, and health concerns.
In the coming years, the market size for women's health diagnostics is expected to undergo significant expansion, climbing to $54.04 billion in 2029 with a compound annual growth rate (CAGR) of 9.8%. Factors contributing to the growth during the forecast period include an increase in reproductive health issues, an aging female population, advancements in personalized medicine, the widening scope of genetic testing, and heightened emphasis on non-communicable diseases. The forecast period is also expected to see key trends such as management of menopause, early detection and prevention, inclusivity and diversity, digitalization spurred by the pandemic, and considerations of environmental and lifestyle factors.
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What new trends are reshaping the womens health diagnostics market and its opportunities?
The latest trend witnessing traction in women's health diagnostics is the development and advancement of tailor-made health solutions for women through technology. Leading companies in the women's health diagnostics industry are prioritizing innovation and technological improvements to strengthen their monitoring capabilities and maintain their market dominance. For instance, FemTec Health, Inc., a company specializing in women's health based in the US, introduced a direct-to-consumer (D2C) brand, Awesome Woman, in February 2022. This brand offers health and wellness products that are personalized for women throughout various life stages, utilizing artificial intelligence, machine learning, and customer data related to genetics, genomics, and health records to create bespoke offerings. Items in their personalized subscription box might include vitamins, self-testing kits, and probiotics designed specifically for individual requirements. Customers are given the liberty to choose health areas they wish to focus on, such as reproductive health, vaginal and urinary health, hormone balance, beauty, and more. Moreover, to enhance customer experience and accessibility to healthcare professionals, the service includes telehealth support.
What major market segments define the scope and growth of the womens health diagnostics market?
The womens health diagnostics market covered in this report is segmented -
1) By Type: Accessories And Consumables, Diagnostic Tests, Diagnostic Devices
2) By Application: Osteoporosis Testing, Ovarian Cancer Testing (OVC), Cervical Cancer Testing, Breast Cancer Testing, Pregnancy And Fertility Testing, Prenatal Genetic Screening And Carrier Testing, Infectious Disease Testing, Sexually Transmitted Diseases (STD) Testing, Ultrasound Tests
3) By End User: Hospitals And Clinics, Diagnostic And Imaging Centers, Homecare, Other End Users
Subsegments:
1) By Accessories And Consumables: Test Kits, Sample Collection Devices, Reagents, Control Materials
2) By Diagnostic Tests: Blood Tests, Imaging Tests, Genetic Tests, Hormonal Tests
3) By Diagnostic Devices: Imaging Devices, Invasive Diagnostic Devices, Non-Invasive Diagnostic Devices, Monitoring Devices
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Which region dominates the womens health diagnostics market?
North America was the largest region in the women's health diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global women's health diagnostics market report during the forecast period. The regions covered in the womens health diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the womens health diagnostics industry growth?
Major companies operating in the womens health diagnostics market include Becton Dickinson And Company, F. Hoffmann-La Roche AG, General Electric Company, Koninklijke Philips N.V., Quest Diagnostics Incorporated, Siemens Healthineers, Abbott Laboratories, BioMérieux SA, Hologic Inc., PerkinElmer Inc., Cardinal Health Inc., Alere Inc., Carestream Health Inc., Mankind Pharma Limited, Procter & Gamble Co., Trinity Biotech plc, Medgyn Products Inc., URIT Medical Electronic Co. Ltd, Sonic Healthcare Limited, Fujifilm Holdings Corporation, Thermo Fisher Scientific Inc., Illumina Inc., Myriad Genetics Inc., Agilent Technologies Inc., Bio-Rad Laboratories Inc., Danaher Corporation, Genomic Health Inc., Invitae Corporation, Natera Inc., QIAGEN N.V., Opko Health Inc., Sysmex Corporation, Exact Sciences Corporation, Foundation Medicine Inc., Laboratory Corporation of America Holdings, NeoGenomics Laboratories Inc.
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What Is Covered In The Womens Health Diagnostics Global Market Report?
• Market Size Forecast: Examine the womens health diagnostics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the womens health diagnostics market for a structured understanding.
• Key Players Overview: Analyze major players in the womens health diagnostics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the womens health diagnostics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the womens health diagnostics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the womens health diagnostics market.
• Industry Challenges: Identify potential risks and obstacles affecting the womens health diagnostics market.
• Competitive Landscape: Review strategic developments in the womens health diagnostics market, including expansions, agreements, and new product launches.
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