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What Is the Forecast for the Women’s Health Market Growth in 2025?
Over the recent years, the market size for women’s health has consistently increased. The market worth, which is predicted to be $43.53 billion in 2024, is expected to rise to $45.5 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. Factors contributing to the growth during the historical period include improvements in reproductive medicine, initiatives for awareness and education, movements for empowerment and advocacy, advancements in prenatal and postnatal care, as well as the development of hormone replacement therapies.
What Is the Forecast for the Women’s Health Market Size Through 2029?
Anticipated robust growth in the women’s health market will likely elevate its valuation to $58.07 billion by 2029, marking an impressive compound annual growth rate (CAGR) of 6.3%. This projected increase during the forecast period is attributable to factors such as the application of precision medicine in gynecology, an uptick in clinical trials predominantly centered around women, greater utilization of non-invasive prenatal testing, improved access to fertility therapies, and a sharpened emphasis on mental health. The period is also expected to witness significant trends including the adoption of digital health solutions, advancements in fertility and reproductive health tracking, the introduction of non-hormonal contraception options, enhanced maternal health and pregnancy monitoring capabilities, progress in women’s health diagnostics, and the incorporation of artificial intelligence (AI).
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What are the Key Market Players in Women’s Health Market and How They’re Evolving?
Major companies operating in the women’s health market are AbbVie Inc., Bayer AG, Merck & Co Inc., Pfizer Inc., Agile Therapeutics, Apothecus Pharmaceutical Corporation, Blairex Laboratories Inc., Novartis AG, AstraZeneca PLC, F. Hoffmann-La Roche Ltd., Ferring Pharmaceuticals, Lupin Pharmaceuticals Inc., Johnson & Johnson Services Inc., Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Hologic Inc., Celmatix Inc., HERA Biotech Inc., Juno Bio Inc., Maven Clinic Inc., MobileODT Ltd., Mylan N.V., ObsEva SA, Scailyte AG, Syrona Health AG
What Are the Primary Growth Drivers in the Women’s Health Market?
The escalating occurrence of diseases primarily impacting women is anticipated to boost the growth of the women’s health market in the future. Conditions such as anemia, osteoporosis, breast cancer, menopause, among others, frequently occur due to numerous risk factors such as familial history, advancing age, early start of menstrual cycles or menopause after the age of 55, obesity, and more. Consequently, this surge in diseases primarily affecting women is fueling the demand for health products and services specifically designed to treat these conditions and maintain women’s health and wellness. For example, the American Cancer Society, a non-profit US organization committed to cancer eradication, released an article in January 2023 stating that cervical cancer used to be one of the leading causes of cancer death among American women. Approximately 13,960 new invasive cervical cancer cases are projected to be diagnosed in the USA in 2023, of which about 4,310 are anticipated to result in death. Thus, the escalating incidence of women-centric diseases is contributing to the growth of the women’s health market.
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What Are the Leading Segments in the Global Women’s Health Industry?
The women’s health market covered in this report is segmented –
1) By Product Type: Devices, Drugs, Pharmaceutical Pipeline
2) By Age: 50 Years & above , Other Ages
3) By Treatment Type: Hormonal Treatment, Non-Hormonal Treatment, Surgeries
4) By Application: Postmenopausal Osteoporosis, Hormonal Infertility, Endometriosis & Uterine Fibroids, Contraceptives, Menopause, Polycystic Ovary Syndrome (PCOS)
5) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Devices: Diagnostic Devices, Contraceptive Devices, Fertility Monitoring Devices, Gynecological Surgical Devices, Breast Pumps
2) By Drugs: Hormonal Therapies, Fertility Drugs, Osteoporosis Drugs, Menopause Treatment Drugs, Endometriosis Drugs, Contraceptives
3) By Pharmaceutical Pipeline: Emerging Drugs for Menopause, New Fertility Treatments, Novel Contraceptives, Drugs for Gynecological Conditions, Hormone Replacement Therapy Developments
What Are the Key Market Trends in the Women’s Health Industry?
Advancements in the field of women’s health is a significant trend in that market. Leading businesses in the industry are introducing innovative products to consolidate their standing. For example, in July 2022, GE Healthcare, a medical technology firm based in the USA, unveiled the Voluson Expert 22. This recent addition to their women’s health range uses graphics-based beam former technology to provide excellent image quality and improved adaptability in imaging tasks. The system, armed with state-of-the-art AI-driven tools, offers more consistency in evaluations and cuts down the number of necessary tasks.
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What Is the Regional Outlook for the Women’s Health Market?
North America was the largest region in the women’s health market in 2024. Asia-Pacific is expected to be the fastest-growing region in the women’s health market report during the forecast period. The regions covered in the women’s health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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This Report Delivers Insight On:
1. How big is the women’s health market, and how is it changing globally?
2. Who are the major companies in the women’s health market, and how are they performing?
3. What are the key opportunities and risks in the women’s health market right now?
4. Which products or customer segments are growing the most in the women’s health market?
5. What factors are helping or slowing down the growth of the women’s health market?
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