Women’s Health Devices Global Market Rising Trends, Industry Size, Share Report, Growing Demand and Business Opportunities And Forecast 2024-2033 | Medtronic PLC, Hologic Inc., Illumina Inc., PerkinElmer Inc., Abcam PLC

Overview and Scope
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.

Sizing and Forecast
The women’s health devices market size has grown rapidly in recent years. It will grow from $37.68 billion in 2023 to $41.64 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to increase in awareness about women’s health and well-being, rise in prevalence of women-specific health issues, expansion of healthcare infrastructure, rise in disposable income, rise in healthcare spending.

The women’s health devices market size is expected to see rapid growth in the next few years. It will grow to $63.07 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to supportive government initiatives, changing lifestyles and dietary habits, expanding geriatric female population, ongoing research and development, increasing focus on personalized medicine. Major trends in the forecast period include wearable women’s health devices, telemedicine and remote monitoring, ai and machine learning integration, non-invasive and minimally invasive procedures, menopause management solutions.

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Segmentation & Regional Insights
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 Gynaecology Clinics, Diagnostic Laboratories, Ambulatory Surgical Centres, Other End Users

North America was the largest region in the women’s health devices market in 2023. 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.

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Major Driver Impacting Market Growth
An increase in government programs aimed at raising awareness about women’s health is contributing to the growth of the women’s health devices market going forward. Government programs aimed at raising awareness about women’s health refer to initiatives and awareness events organized by the government to make the population aware of some societal boosting the public healthcare system’s efficiency and effectiveness. These government programs help create awareness, which in turn increases the need for women’s health devices for easy diagnosis. For instance, in March 2022, according to the Department of Health, Victoria, the Victorian government released its first-ever women’s sexual and reproductive health strategy and priority action plan for women’s sexual and reproductive health. The plan is supported by a $6.6 million investment for action and education to reduce stigma and improve knowledge of sexual and reproductive health and other such issues. Therefore, an increase in government programs aimed at raising awareness about women’s health is expected to boost demand for women’s health devices during the forecast period.

Key Industry Players
Major companies operating in the women’s health devices market include Abbott Laboratories, Koninklijke Philips N.V., CooperSurgical Inc., F. Hoffmann-La Roche Ltd., Caldera Medical Inc., Medtronic plc, Johnson & Johnson, GE HealthCare Technologies Inc., Siemens Healthineers AG, Hologic Inc., Boston Scientific Corporation, Cardinal Health Inc., Becton, Dickinson and Company, Olympus Corporation, Fujifilm Holdings Corporation, Stryker Corporation, Zimmer Biomet Holdings Inc., Smith & Nephew plc, Intuitive Surgical Inc., Merck & Co. Inc., Roche Diagnostics Corporation, Thermo Fisher Scientific Inc., Illumina Inc., Agilent Technologies Inc., Bio-Rad Laboratories Inc., PerkinElmer Inc., Abcam plc, Active Motif Inc., Diagenode Inc.

The women’s health devices market report table of contents includes:
1. Executive Summary