The women’s healthcare market is predicted to witness steady market growth across the globe, during the review period. This growth is mainly attributed to the growing prevalence of breast cancer among women, prevention of unwanted pregnancies, and rising incidences of chronic health diseases which mainly includes menstrual health disorders and osteoporosis that necessitate medical attention, these are some of the foremost factors that are propelling the growth of the women healthcare market. These factors have led to a boost in the healthcare sector.
In addition, the augment in ovulation problems, stress, and an increase in erratic dietary habits, as well as the introduction of alcohol consumption, would aid in the growth of the market value for the women’s healthcare sector. For instance, according to the report published by the World Health Organization, nearly 2.4 million people are hospitalized worldwide each year as a result of surging incidences of breast cancer, with nearly 17% dying from the disease.
According to the SPER market research, ‘Women’s Healthcare Market by Drugs (Prolia, Xgeva, Evista, Mirena, Zometa, Reclast, Nuvaring, Premarin, Actonel), Application (Female Infertility, Postmenopausal Osteoporosis, Endometriosis, Contraception,) – Global Forecast to 2027, states that the Women Healthcare Market is projected to reach 19.8 billion with a growing CAGR of 9.78%.
The global women’s healthcare market is expanding precisely owing to the governments that are actively working towards the improvisation of family planning services and access to modern contraceptives, as well as, the upsurge in sleep disturbances, fatigue which inevitably increase dependence on medications, hence harming the quality of life, is expected to underwrite the progress of the market in the upcoming years.
Furthermore, throughout the projected period, the market for women’s healthcare sector is anticipated to benefit from the ongoing technological innovations, as manufacturers are always instigating new processing approaches with infrastructural upgrades and improved product designs, that have provided lucrative revenue potential in the developed markets, are predicted to propel the women healthcare market forward in the forthcoming years. The enlargement of the global women’s healthcare market is facilitated by the presence of foremost key players that are underwriting progressively in the advancement of new machinery and the development of existing ones, thereby propelling the complete growth of the market.
Nonetheless, the increasing consumption of contraceptive pills for unwanted pregnancies coupled with various types of drugs for the treatment of menstrual disorders have resulted in numerous side effects such as nausea, spotting, headaches, and sore breast, which are some variables that limit the growth of the women’s healthcare market.
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North America holds the largest market share across the globe, being the quickest technology-adopting region. Throughout the forecast period, it should experience modest growth with the lowest addressable requirements. Moreover, the surging incidences of breast cancer, augment in the prevention of unwanted pregnancies, ease of drug availability, growing prevalence of several key players, well-established healthcare infrastructure, the introduction of lifestyle modifications, higher adoption of contraceptive pills, upsurge in government funding and regular advancement of research and technology, are some of the aspects that are expected to impel the growth of the market in the forthcoming years.
Sara Lopes, Business Consultant – U.S.A.
SPER Market Research