Rising concerns pertaining to women’s health is pushing growth of the market. Fortune Business Insights in a report, titled “Women’s Health Technology Market Size, Share and Global Trend By Technology Type (Surgical, Diagnostic, Contraceptive, Labor & Delivery, Critical Care), Indication (Cancer, Infertility, Menstruation, Pregnancy, Post-menopausal Syndrome, Pelvic Disorders, Infectious Diseases), End Users (Hospitals, Obstetrics & Gynaecology Clinics, Diagnostics Laboratory, Ambulatory Surgery Centers (ASC)) and Geography Forecast till 2026,” offers a detailed evaluation of drivers encouraging growth in the market. Some of the common health issues endured by women are related to pregnancy, post-menopausal syndrome, and infertility. Women’s health technology is emerging as the next disruptor in the healthcare sector, as this market is no more considered a niche market.
Company-backed Investments to help North America Dominate the Global Market
North America is expected to hold the highest share in the global women’s health technology market during the forecast years. This is mainly attributable to the increasing investments by the leading players. These players are continuously focusing on the development of new products to treat women’s health conditions. Furthermore, the rising incidence of ureteral cancer, breast cancer, and other diseases is expected to drive the market in this region.
The market in Asia Pacific is also anticipated to register a higher CAGR between 2018 and 2026. This is ascribable to the rising pregnancy cases and awareness about women’s health conditions.
By Technology Type
- Labor & Delivery
- Critical Care
- Post-menopausal Syndrome
- Pelvic Disorders
- Infectious Diseases
By End Users
- Obstetrics & Gynaecology Clinics
- Diagnostics Laboratory
- Ambulatory Surgery Centers (ASC)
- North America (the USA, and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
Recent Innovations in Healthcare Technology to Rapidly Transform the Women’s Healthcare Space
As per a study conducted by the National Center for Biotechnology Information (NCBI), around 30% of women are more prone to HIV infections than men. The rising number of women-centric health conditions is likely to drive the market by 2026. “Advanced technologies are likely to help women manage their health and keep a check on their health status,” said a lead analyst at Fortune Business Insights. “New women’s health technology platforms such as fertility apps or menstrual-related medications are expected to enable growth in the market,” he added. The report offers valuable insights into disruptive technologies in women’s healthcare space.
Rising disposable income and improvements in healthcare infrastructure especially in emerging countries are likely to see an upsurge in the market’s revenue. Digitization in healthcare acts as a potential growth trigger in the market. Tests such as ultrasound, breast MRI, and bone density testing MRI will help in the early detection of women’s health issues. Moreover, technological improvements in medical science are anticipated to offer impressive growth opportunities to the women’s health technology market. Rising investment from governments is expected to positively impact the market in the forecast years.