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How Will the CAGR of the Women’s Health Devices Market Influence Its Overall Growth by 2034?

In recent times, there has been noticeable growth in the market size for women’s health devices. It is forecasted to enhance from $40.58 billion in 2024 to $44.54 billion in 2025, with a compound annual growth rate (CAGR) of 9.8%. The past growth is attributable to a greater consciousness around women’s health and wellness, an upsurge in women-oriented health conditions, enlargement of healthcare infrastructure, elevation in disposable income, and increased spending in healthcare.

The market size for women’s health devices is projected to experience rapid expansion in the coming years, growing to a value of $70.14 billion in 2029 with a compound annual growth rate (CAGR) of 12.0%. This growth throughout the forecasted period can be ascribed to various factors including government supports, lifestyle and dietary changes, the increase in elderly women population, continued research and development, and a heightened focus on individualized medicine. The future trend forecast includes wearable health devices for women, remote monitoring and telemedicine, integration of artificial intelligence and machine learning, non-invasive and minimally invasive processes, and solutions for menopause management.

What Key Drivers Are Accelerating the Growth of the women’s health devices Market During the Forecast Period?

The growth of the market for women’s health devices is being bolstered by the rise in government-initiated programs focusing on improving women’s health awareness. Such government programs constitute various initiatives and events designed to enlighten society about the significance of women’s health, thus enhancing the public healthcare system’s competence and productivity. By promoting awareness, these programs trigger an increased demand for women’s health devices for straightforward diagnosis. To illustrate, in March 2022, the Victorian government, according to the Department of Health, Victoria, sanctioned its initial strategy and priority action plan for women’s sexual and reproductive health. This plan reaps the benefit of a $6.6 million investment into action and education aiming to curb stigma while enriching knowledge about sexual and reproductive health as well as other pertaining issues. Consequently, a surge in government programs aimed at enhancing awareness about women’s health is anticipated to stimulate the demand for women’s health devices in the projected period.

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Who Are the Top Companies Contributing to the Growth of the Women’s Health Devices Market?

Major companies operating in the women’s health devices market include:

• Abbott Laboratories_x000D_

• Koninklijke Philips N.V._x000D_

• CooperSurgical Inc._x000D_

• F. Hoffmann-La Roche Ltd._x000D_

• Caldera Medical Inc._x000D_

How Are Technological Trends Affecting the Growth and Development of the Women’s Health Devices Market?

The surge of technology is an emerging trend in the women’s health devices market. Numerous businesses in this sector are hunting for novel technologies to consolidate their foothold. A case in point is iSono Health, a medical equipment manufacturing firm located in the US. In May 2022, they unveiled ATUSA, the first-of-its-kind portable and automated 3D breast ultrasound scanner on a global scale. It integrates a distinctive 3D ultrasound scanner with artificial intelligence to execute comprehensive breast scans and precisely identify breast tumors. It captures the entire breast volume automatically, facilitating unparalleled breast ultrasound imaging at point of care that doesn’t require a trained ultrasound operator. This product release signifies a significant advancement for both the company and the women’s community.

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How Are Key Segments Defining the Competitive Landscape of the Women’s Health Devices Market?

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 Gynecology Clinics, Diagnostic Laboratories, Ambulatory Surgical Centers, Other End Users

Subsegments:

1) By Surgical: Hysteroscopes, Laparoscopes, Endometrial Ablation Devices

2) By Diagnostics: Ultrasound Devices, Pap Smear Devices, Hormone Testing Kits

3) By Contraceptives: Intrauterine Devices (IUDs), Implantable Contraceptives, Condoms

4) By Labor and Delivery: Fetal Monitors, Obstetric Ultrasound Machines, Labor Induction Devices

5) By Critical Care: Infusion Pumps, Patient Monitors, Ventilators

What Are the Key Regions Powering Growth in the Women’s Health Devices Market?

North America was the largest region in the women’s health devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the women’s health devices market report during the forecast period. The regions covered in the women’s health devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Defines the Scope of the Women’s Health Devices Market?

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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