Global Women Healthcare Market – Overview
Women healthcare which was previously not given appropriate attention, has developed in a major way by increased investments from reputed firms in this industry. Market focused reports related to the healthcare sector among others recently have been made available by Market Research Future which publishes reports on this market. The market for women healthcare is anticipated to expand at a steady CAGR of 5.04 percent in the duration of the forecast period.
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Women healthcare issues such as pregnancy, menopause, menstruation, cancer related to the anatomy of women lacked products and devices to treat or counteract the symptoms of these ailments. Lack of awareness of the issues faced by women had restricted the growth potential of the market to a great extent. As the hold of women decision makers has increased in the healthcare domain, the market outlook continues to appear positive for the forthcoming years. The development of the market has also opened new avenues for growth that have attracted new and established firms in the past few years. Government reforms and initiatives for backing up women healthcare initiatives will fuel further expansion of the market in the forthcoming years.
In MRFR’s report, the women healthcare market has been segmented on the basis of indications, diagnosis, treatment and end-users.
Based on indications, it is segmented into gynecologic cancer, polycystic ovary syndrome, reproductive health management, infertility and postmenopausal osteoporosis. Gynecologic cancer is further segmented into ovarian and breast cancer. Of these, postmenopausal osteoporosis holds the maximum market share on account of increase in female population aged above 40 years along with launch of new drugs for treating menopausal osteoporosis. The presence of a good number of leading players coupled with ongoing Research and Development (R&D) is predicted to boost the growth of this segment over the forecast period.
Based on diagnosis, the women healthcare market is segmented into ovulation testing, biopsies, diagnostic imaging tests and bone densitometry.
Based on treatment, it is segmented into surgeries and therapeutics.
Based on end-users, the women healthcare market is segmented into research institutes, gynecology centers, hospitals and clinics. Of these, the hospitals and clinics hold the maximum market share due to higher proportion of women patients visiting hospitals for diagnosis as well as treatment of health issues.
Women Healthcare Market – Regional Analysis
North America leads the global women healthcare market, due to the increasing initiatives promoting women’s health and wellness. Additionally, the presence of well-developed healthcare infrastructure and leading players is supporting the regional market growth. Also, increasing emphasis on diagnosis and continuous monitoring of diseases associated with women, especially propel the growth of the regional market.
Furthermore, the high prevalence of various chronic diseases among women and the funding support from the companies, private organization, and government associations to improve women healthcare in the region drive the growth of the regional market.
The women healthcare market in the European region takes the second leading position. The resurging economy plays an important role in supporting the growth of the regional market, availing the best possible healthcare and increasing the per capita healthcare expenditures specially designed for women. Besides, government support that encourages the players to develop high-quality technologies for women’s health and wellness and favorable reimbursement policies are fostering the growth in the regional market.
The Asia Pacific women healthcare market is rapidly emerging as a profitable market globally. The prevalence of chronic diseases among women populaces is a key driving force behind the regional market growth. Moreover, factors such as the proliferating healthcare sector and spreading awareness among individuals towards women’s health and wellness and the availability of various care units drive the growth of the market in the region.
Women Healthcare Market Key Players
Key players profiled in the global women healthcare market report include Teva Pharmaceuticals (Israel), Pfizer Inc., (US), Merck & Co., Inc., (US), Eli Lilly Company (US), Becton Dickinson and Company (US), Bayer AG (Germany), Amgen (California), and Allergan plc. (Ireland).
Global Competitive Analysis
The market value of the industry has been enhanced by the constantly delivery of customer value. The market contenders are devising their blueprints for corporate strategy in a way can bring about the best outcomes for development in the current scenario, while also concurrently enhancing their product’s value. The opportunity for development in the industry appears to be promising through the forecast period. The capability to fuel competitive capabilities is one of the chief causes powering their efforts in this period. The escalating levels of diversification in the industry, have allowed the companies to utilize many opportunities available in the industry. The firms in this market are adapting to the state of events by implementing portfolio upgrades and maintaining financial liquidity. Moreover, the contenders are handling the competitive environment by driving the market growth factors to their advantage.
The industry for women healthcare globally includes important contenders such as Becton Dickinson and Company (U.S.), Eli Lilly Company (U.S.), Allergan plc. (Ireland), Bayer A G (Germany), Amgen (California), Pfizer Inc., (U.S.), Teva Pharmaceuticals (Israel) and Merck & Co., Inc., (U.S.).
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