Global Women’s Health Market is projected to grow at a CAGR of over 4.5% to reach $47 billion by 2026
Women’s
Health is a branch of medicine that focuses on the prevention and diagnosis of
diseases that affect a woman’s physical and emotional well-being. It encompasses
a broad variety of treatments, drugs, and surgical products for diseases
related to women.
Emerging
Opportunities in Women’s Health Market
The rising prevalence of
infectious and chronic diseases amongst a large group of the female population is
a key factor driving the women’s health market. Recent advances in genomics, tissue
engineering, artificial intelligence, and cell and gene therapy have synergized
a new wave of healthcare innovations that can be applied to create products and
solutions specific to women's conditions.
For example, researchers
are studying transcriptomics (the study of RNA molecules in a cell) for
treating elusive conditions such as preeclampsia or preterm birth. Genomics is another
research area that can help researchers in realizing the potential of
personalized medicine. There has been
extraordinary growth in terms of technology from predictive AI solutions
to modeling unique DNA profiles. A favorable environment for research
activities is expected to further drive growth opportunities in this market.
Key Challenges in Women’s Health Market
The high cost associated with
clinical care in some countries and side effects associated with the usage of few
women's health drugs (such as night sweats, headache, nausea, and difficulty
sleeping) is likely to restrain the growth of the women’s health market.
North America: The Largest Women’s Health Market
North America has the largest women’s health market,
followed by Europe and APAC. The large share of North America can be attributed
to the strong economies of the US and Canada, established reimbursement
policies, early approval & commercialization of products, and the presence
of key market players in this region. APAC holds a minor share in the global
market.
Competitive
Landscape Analysis: Women’s Health Market
Some of the key players operating in the women's health market are AbbVie Inc, Eli Lilly, Pfizer Inc., Merck & Co., Ferring Pharmaceuticals, LUPIN, Bayer AG, AstraZeneca, Novartis AG, Mithra Pharmaceuticals, Allergan, among others.
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