Women’s Health Devices Market Size was valued at USD 48.2 Billion in 2022. The Women’s Health Devices Market industry is projected to grow from USD 52.2 Billion in 2023 to USD 98.78 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.30% during the forecast period (2023 - 2032). The increased occurrence of chronic and lifestyle-related diseases, the proliferation of diagnostic and imaging facilities, the rising demand for contraceptives to prevent unplanned pregnancies, the preference for point-of-care diagnostic testing, and the widespread adoption of diagnostic imaging techniques. are expected to be a significant market driver for the Women’s Health Devices Market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Increased awareness of Women's health issues and Rise in prevalence of diseases about women's health is driving the market growth
Market CAGR for Women’s Health Devices is being driven by the Increased awareness of women's health issues and the rise in the prevalence of diseases in women's health. In the context of contemporary demographics, the global female population has witnessed a substantial increase in its proportion. Simultaneously, the healthcare infrastructure worldwide, particularly in emerging economies, is anticipated to undergo significant enhancements. These improvements in the overall healthcare landscape have also amplified awareness and sensitivity to women's health concerns. These favorable market dynamics are propelling the growth of the global women's health devices market in the projected period.
Multiple research studies have highlighted a notable rise in the prevalence of women's health conditions over recent decades. To mitigate mortality rates among female patients grappling with critical illnesses, several governments have initiated programs to promote and safeguard women's health. For instance, in January 2022, the U.S. Food and Drug Administration's Center for Devices and Radiological Health (CDRH) unveiled the Health of Women Program Strategic Plan, a strategic move to advocate for and safeguard women's health.
The overall surge in the prevalence of women's health conditions can be attributed to various factors, including advancements in diagnostic technologies and an increased emphasis on preventive care. Notably, certain female-specific cancers, such as cervical cancer, can be effectively treated when detected early. For instance, data from the World Health Organization (WHO) in 2022 revealed that cervical cancer ranks as the fourth most common cancer among women, with an estimated 604,000 new cases in 2020. This heightened prevalence of women's diseases has generated greater demand for a diverse array of women's health devices.
As a result, it is anticipated that throughout the projection period, demand for the Women’s Health Devices Market will increase due to the Increased awareness of Women's health issues and the Rise in the prevalence of diseases about women's health. Thus, driving the Women’s Health Devices Market revenue.
The Women’s Health Devices Market segmentation, based on Application includes General Health and wellness, Cancers and other Chronic Diseases, Reproductive Health, Pregnancy and nursing Care, Pelvic and uterine Healthcare, and Others. The cancers and other chronic diseases segment dominated the market, accounting for 58% of market revenue (27.9 Billion). The prevalence of chronic diseases, including cancer, cardiovascular ailments, and diabetes, is on the rise among women on a global scale.
According to the World Health Organization (WHO), cancer alone stands as a prominent cause of mortality, accounting for nearly 10 million deaths in 2020, equating to approximately one in six deaths. Approximately one-third of these cancer-related deaths can be attributed to modifiable risk factors, including tobacco use, high body mass index, alcohol consumption, inadequate fruit and vegetable intake, and lack of physical activity. These escalating health challenges are strongly linked to modern lifestyles characterized by physical inactivity, unhealthy dietary habits, and exposure to environmental factors. Consequently, the growing incidence of these chronic diseases necessitates the development and adoption of advanced diagnostic and treatment devices. This, in turn, drives the heightened demand for women's health devices designed to cater to the precise needs of detecting, managing, and treating chronic diseases.
The Women’s Health Devices Market segmentation, based on End-user includes Hospitals & Clinics, Home Healthcare, and Others. The hospitals & clinics segment dominated the market, accounting for 58% of market revenue (27.9 Billion). The robust expansion of healthcare infrastructure, marked by the establishment of new hospitals, clinics, and medical facilities, plays a pivotal role in driving growth within this segment. As indicated in the 2022 Economic Survey, India significantly bolstered its public healthcare expenditure, reaching 2.1% of GDP in the fiscal year 2021-22, up from 1.8% in 2020-21 and 1.3% in 2019-20.
The private hospital sector in India is a thriving market, with an estimated worth of INR 13.67 trillion in fiscal year 2023, projected to reach INR 26 trillion by fiscal year 2027, displaying an impressive compound annual growth rate (CAGR) of 18.6%. A significant aspect is the predominance of privately owned hospitals, constituting 58% of all healthcare institutions in the country, housing a substantial 81% of the medical practitioner workforce in India.
The reliance on private hospitals for healthcare services is notable, with 70% of urban households and 63% of rural households turning to these institutions for their family's healthcare needs. With the proliferation of healthcare establishments that cater to specialized women's health services, there is an increasing demand for advanced women's health devices to support these healthcare facilities and enhance the quality of women's healthcare services provided.
Figure 1: Women’s Health Devices Market, by End-user, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. According to the CDC, 6 IN 10 Adults in the US have a chronic disease. Cardiovascular disease is responsible for one in three deaths - 859,000 people - in the United States. Heart disease and stroke are responsible for $216 billion in healthcare system costs and $147 billion in lost job productivity.
The prevalence of chronic diseases affecting approximately 60% of the U.S. population has played a pivotal role in driving demand for women's health devices. Additionally, leading market players in the region have directed significant investments toward research and development, clinical trials, and the marketing of innovative healthcare devices. These strategic efforts are anticipated to create an additional surge in demand for women's health devices across the United States and Canada.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: WOMEN’S HEALTH DEVICES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Women’s Health Devices Market accounts for the second-largest market share as Europe boasts a well-established healthcare system with a strong emphasis on women's health. The region allocates significant financial resources to support women's healthcare, including investments in cutting-edge medical technologies, diagnostic apparatus, and specialized treatments for women-centric medical conditions.
According to Eurostat, the European Union's collective general government expenditure on healthcare in 2021 amounted to a substantial €1,179 billion, equivalent to 8.1% of the region's GDP. Notably, countries like Germany and France led the way by allocating more than 12% of their respective GDP to healthcare. Sweden, Austria, the Netherlands, and Belgium also committed more than 11% of their GDP to healthcare, reflecting the region's strong commitment to health-related expenditures. Further, the German Women’s Health Devices Market held the largest market share, and the UK Women’s Health Devices Market was the fastest-growing market in the European region
The Asia-Pacific Women’s Health Devices Market is expected to grow at the fastest CAGR from 2023 to 2032. The expansion of healthcare infrastructure in Asian nations, the rising incidence of women's health conditions, and the growing awareness of technologically advanced women's health devices are significant drivers propelling market growth in the region. A notable example of this trend is the Class III approval granted by China's National Medical Products Administration to Japanese diagnostics company Sysmex for its Lynoamp BC in vitro diagnostic reagent for breast cancer in January 2020. Such noteworthy product approvals within the region, combined with an uptick in healthcare investments, are anticipated to make a substantial contribution to robust regional market growth. Moreover, China’s Women’s Health Devices Market held the largest market share, and the Indian Women’s Health Devices Market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Women’s Health Devices market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Women’s Health Devices industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Women’s Health Devices industry to benefit clients and increase the market sector. In recent years, the Women’s Health Devices industry has offered some of the most significant advantages to the field of healthcare and the well-being of women. Major players in the Women’s Health Devices Market, including Coloplast A/S (Denmark), Hologic Inc. (U.S.), Boston Scientific Corporation (U.S.), ALLERGAN (AbbVie, Inc.) (U.S.), BD (Becton, Dickinson, and Company) (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), CooperSurgical Inc. (The Cooper Companies, Inc.) (U.S.), Caldera Medical (U.S.), Reckitt Benckiser Group PLC (U.K.) are attempting to increase market demand by investing in research and development operations.
Coloplast A/S is a leading manufacturer and provider of a wide range of healthcare products and services. Their product portfolio covers ostomy care, respiratory solutions, urology care, continence care, and skin and wound care. This encompasses various essential items such as urisheaths, ostomy bags, catheters, anal irrigation systems, sling products, advanced dressings for wound care and skin protection, cleansers, moisturizers, skin protectants, anti-fungal products, and hand cleansers. The company markets its products under multiple brand names, including SenSura, SpeediCath, Persiteen, Biatain, Conveen, InterDry, Brava, and Comfeel. Coloplast distributes its products through subsidiary companies and a network of distributors, reaching healthcare facilities, wholesalers, retailers, and institutions across Europe, Africa, South America, the UAE, Singapore, Asia, Russia, Australia, and North America. Coloplast's headquarters are situated in Humlebaek, Denmark.
Hoffmann-La Roche Ltd is a prominent biotechnology firm specializing in the development of drugs and diagnostic solutions for the treatment of major diseases. The company's extensive product portfolio includes medications for cancer treatment, various auto-immune conditions, central nervous system disorders, ophthalmological issues, infectious diseases, and respiratory ailments. Additionally, Roche offers in vitro diagnostics, tissue-based cancer diagnostics, and diabetes management solutions. Roche is dedicated to research aimed at discovering innovative approaches to disease prevention, diagnosis, and treatment. Its products and services are made available to a diverse clientele, including hospitals, healthcare professionals, commercial laboratories, researchers, and pharmacists. The company operates in numerous countries worldwide, in collaboration with its subsidiaries and partners. Roche is headquartered in Basel, Switzerland. In December 2021, the company introduced the PIK3CA Mutation Test, serving breast cancer patients in regions where the CE mark is recognized, thereby offering a valuable diagnostic option.
Key Companies in the Women’s Health Devices Market Include
Women’s Health Devices Industry Developments
January 2021: In January 2021, Reckitt Benckiser Group successfully concluded the acquisition of Queen V, a prominent U.S. brand specializing in female sexual wellness and women's vaginal health.
March 2021: In March 2021, Lia introduced a groundbreaking product, becoming the first company to offer flushable and biodegradable pregnancy tests. These innovative tests from Lia are crafted from plant fibers and are entirely free of plastic components. This design allows them to biodegrade within a mere ten-week timeframe.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 48.2 Billion |
| Market Size 2023 | USD 58.2 Billion |
| Market Size 2032 | USD 98.78 Billion |
| Compound Annual Growth Rate (CAGR) | 8.30% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, End-user, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Coloplast A/S (Denmark), Hologic Inc. (U.S.), Boston Scientific Corporation (U.S.), ALLERGAN (AbbVie, Inc.) (U.S.), BD (Becton, Dickinson, and Company) (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), CooperSurgical Inc. (The Cooper Companies, Inc.) (U.S.), Caldera Medical (U.S.), Reckitt Benckiser Group PLC (U.K.) |
| Key Market Opportunities | · Ongoing advancements in medical technology offer the potential for the development of more innovative and effective women's health devices, such as wearable health trackers, remote monitoring solutions, and minimally invasive treatment options. |
| Key Market Dynamics | · The rising prevalence of chronic diseases among the women population, rising awareness regarding the women's healthcare |
Frequently Asked Questions (FAQ) :
The Women’s Health Devices Market size was valued at USD 48.2 Billion in 2022.
The Women’s Health Devices Market is projected to grow at a CAGR of 8.30% during the forecast period, 2023-2032.
North America had the largest share of the global market
The key players in the market are Coloplast A/S (Denmark), Hologic Inc. (U.S.), Boston Scientific Corporation (U.S.), ALLERGAN (AbbVie, Inc.) (U.S.), BD (Becton, Dickinson, and Company) (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), CooperSurgical Inc. (The Cooper Companies, Inc.) (U.S.), Caldera Medical (U.S.), Reckitt Benckiser Group PLC (U.K.)
The Cancer and other Chronic Diseases dominated the market in 2022.
The Hospitals & Clinics segment had the largest share in the global market.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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