Women's Health Diagnostics Market to Reach $36.3 Bn, Globally, by 2030 at 6.9% CAGR: Allied Market Research

News provided by

May 23, 2022, 09:20 ET

Rise in incidence of chronic and lifestyle disorders and increase in demand for point of care diagnostic testing drive the growth of the global women's health diagnostics market.

PORTLAND, Ore., May 23, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Women's Health Diagnostics Market By Type (Diagnostic Devices, Diagnostic Tests, Accessories and Consumables), By End User (Hospitals and Clinics, Diagnostic and Imaging Centers, Homecare, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global women's health diagnostics industry generated $19.2 billion in 2020, and is expected to reach $36.3 billion by 2030, witnessing a CAGR of 6.9% from 2021 to 2030.

Download Sample PDF at: https://www.alliedmarketresearch.com/request-sample/4521

Drivers, Restraints, and Opportunities

Rise in incidence of chronic and lifestyle disorders, increase in demand for point of care diagnostic testing, and supportive government initiatives to promote women health awareness drive the growth of the global women's health diagnostics market. However, expensive nature of imaging procedures and lack of skilled professionals restrain the market growth. On the other hand, rise in demand for advanced technologies, availability of diagnostic centers, and increase in number of developments and strategic partnerships by diagnostic device key players present new opportunities in the coming years.

Covid-19 Scenario

During the Covid-19 pandemic, hospitals shifted their resources to take care of massive number of patients infected with coronavirus. Non-elective procedures were postponed due to lack of staff availability and measures taken to prevent cross-contamination. This affected the global women's health diagnostics market.
There was a decline in number of patient visits in clinics and imaging centers for diagnosis to reduce the possibility of infection. However, the number of diagnostic procedures will grow steadily post-pandemic.

The diagnostic tests segment to continue its leadership status throughout the forecast period

Based on type, the diagnostic tests segment accounted for the highest market share in 2020, contributing to nearly three-fifths of the global women's health diagnostics market, and is expected to continue its leadership status throughout the forecast period. This is due to increase in prevalence of various health-related disorders among women, rise in awareness about women's health-related tests, and high demand for point-of-care and development of numerous diagnostic & imaging centers. However, the accessories and consumables segment is projected to witness the largest CAGR of 9.0% from 2021 to 2030, owing to increase in usage of reagents, self-testing kits, and other required consumables during diagnostic procedures and cost effectiveness of these products.

Specific Requirement on COVID-19? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/4521

The hospitals and clinics segment to maintain its lead position during the forecast period

Based on end user, the hospitals and clinics segment held the highest market share in terms of revenue in 2020, contributing to around half of the global women's health diagnostics market, and is projected to maintain its lead position during the forecast period. This is due to increase in breast and ovarian cancer, which led to a significant rise in the number of patient visits to hospitals and clinics. However, the homecare segment is expected to register the fastest CAGR of 8.6% from 2021 to 2030. This is attributed to gradual shift of patient population toward homecare and rise in novel product launches of point-of-care and self-testing diagnostics by market players.

North America to maintain its dominance by 2030

Based on region, North America contributed to the highest market share in terms of revenue in 2020, accounting for more than two-fifths of the global women's health diagnostics market, and is expected to maintain its dominance by 2030. This is owing to strong presence of major companies, increase in investments in R&D to launch new advanced products for women's health diagnosis, and high awareness among general people regarding early diagnosis of a disease. However, Asia-Pacific is estimated to manifest the largest CAGR of 9.6% during the forecast period. This is attributed to numerous technological developments related to diagnosis of women and imaging techniques in the region.

Leading Market Players

Abbott
BD
Cardinal Health, Inc.
F.Hoffmann-La Roche Ltd.
General Electric Company
Hologic, Inc.
Koninklijke Philips N.V.
Quest Diagnostics Incorporated
Siemens Medical Solutions USA, Inc.
bioMérieux SA

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Request for 14 days free trial: https://www.alliedmarketresearch.com/avenue/trial/starter

"We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market."

Trending Reports in Healthcare Industry (Book Now with 10% Discount):

mHealth Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Oncology/Cancer Drugs Market - Global Opportunity Analysis and Industry Forecast, 2020-2028

Healthcare IT Market - Global Opportunity Analysis and Industry Forecast, 2020-2028

Digital Radiology/Radiography Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

PET-CT Scanner Device Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Surgical Equipment Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Continuous Glucose Monitoring Systems Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Sleep Aids Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Surgical Robotics Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Medical Spa Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/showcase/life-sciences-industry-research/