PUBLISHER: Orion Market Research | PRODUCT CODE: 1159300
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159300
Global Women's Health Diagnostics Market Size, Share & Trends Analysis Report by Diagnostic Devices(Biopsy Devices, and Tests) by Application (Breast Cancer Testing, PAP Smear (PAP) and HPV Test, Infectious Disease Testing, Osteoporosis Testing, Pregnancy, and Fertility Testing, Sexually Transmitted Disease Testing, and Others) and by End User (Home Care, Hospitals & Clinics, and Diagnostic and Imaging Centers) Forecast Period (2022-2028)
The global women's health diagnostics market is anticipated to grow at a substantial CAGR of 7.5% during the forecast period. An increasing investments initiatives by key players are accepted to contribute to the growth of the market. Moreover, such initiatives are greater in the availability of more comfortable and convenient option that leads to great adoption of medical devices. For instance, in March 2022, Willow launched a new cord-free smart breast pump. It is priced at $329 and will be available with insurance plans that offer breast pumps for free or at a reduced cost, many will only cover the cost of a manual breast pump.
The global women's health diagnostics market is segmented based on diagnostic devices, application, and end-user. Based on diagnostic devices, the market is segmented into biopsy devices and tests. Based on the application, the market is sub-classified into cancer testing, PAP smear (PAP) and HPV test, infectious disease testing, osteoporosis testing, pregnancy, and fertility testing, sexually transmitted disease testing, and others. Based on the end-user, the market is sub-divided into home care, hospitals & clinics, and diagnostic and imaging centers. Among the end-user segment, the hospitals & clinics segment is dominating owing to the high number of patients visits and rising diagnostic procedures related to women health.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is likely to dominate the market during the forecast period. The regional growth is attributed to the presence of better healthcare infrastructure, and increased women's major health issues which is positively influencing the region's markets growth. Moreover, regulatory approval from the government authority is also propelling the growth of the market in North America. For instance, in January 2021, the Center for Devices and Radiological Health (CDRH) of the US Food & Drug Administration (FDA) has approved Seno Medical Instruments Inc., for its Imagio Breast Imaging System. This system is groundbreaking diagnostic breast cancer imaging technology, and it will help physicians better differentiate between benign and malignant breast lesions.
The major companies serving the global women's health diagnostics market include F. Hoffmann-La Roche Lt, General Electric Co., Hologic Inc., Myriad Genetics, Inc., MedGyn Products Inc., and PerkinElmer Inc., Siemens Medical Solutions USA, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2022, Abbott has acquired Walk Vascular, to expand its peripheral vascular offerings. The peripheral thrombectomy systems of Walk Vascular will be integrated into the endovascular products portfolio. Moreover, Walk Vascular JETi Peripheral Thrombectomy System and JETi AIO (All In One) Peripheral Thrombectomy System are systems that are used to remove intravascular clots known as thrombus.
Research Methodology
The market study of the global women's health diagnostics market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: