Women’s Health Diagnostics Market to Reach $36.3 Billion Globally by 2030 at a CAGR of 6.9%: Allied Market Research

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Rising incidence of chronic and lifestyle disorders and increasing demand for point-of-care diagnostic tests are driving the growth of the global women’s health diagnostics market.

PORTLAND, Oregon., May 23, 2022 /PRNewswire/ — Allied Market Research has released 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, home care, others): analysis of global opportunities and industry forecasts, 2020-2030. » According to the report, the global women’s health diagnostics industry generated $19.2 billion in 2020, and should reach $36.3 billion by 2030, with a CAGR of 6.9% from 2021 to 2030.

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Drivers, constraints and opportunities

Rising incidence of chronic and lifestyle disorders, rising demand for point-of-care diagnostic testing, and supportive government initiatives to promote women’s health awareness are driving the growth of the global women’s health diagnostics market. However, the costly nature of imaging procedures and the lack of skilled professionals are restraining the growth of the market. On the other hand, increasing demand for advanced technologies, availability of diagnostic centers and increasing number of strategic developments and partnerships by key diagnostic device players present new opportunities in the coming years. .

Covid-19 scenario

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

The diagnostic testing segment will continue its leading status throughout the forecast period

Based on type, the diagnostic testing segment accounted for the highest market share in 2020, contributing almost three-fifths of the global women’s health diagnostics market, and is expected to maintain its leading status throughout. of the forecast period. This is due to the increase in the prevalence of various health-related disorders among women, the increased awareness of women’s health-related tests, and the high demand for point-of-care and the development of numerous diagnostic centers. and imagery. However, the accessories and consumables segment should experience the Highest CAGR of 9.0% from 2021 to 2030, due to the increase in the use of reagents, self-test kits and other consumables needed during diagnostic procedures and the cost effectiveness of these products.

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The hospital and clinic segment will maintain its leading position during the forecast period

On the basis of end-user, the hospital and clinic segment held the highest market share by revenue in 2020, contributing approximately half of the global women’s health diagnostics market, and is expected to retain its leading position during the forecast period. This is due to the increase in breast and ovarian cancers, which has led to a significant increase in the number of patient visits to hospitals and clinics. However, the home care segment is expected to register the fastest CAGR of 8.6% from 2021 to 2030. This is attributed to the gradual shift of the patient population towards home care and increasing new launches. point-of-care diagnostics and self-testing products by market. players.

North America maintain dominance by 2030

Based on the region, North America contributed the highest market share by 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 due to the strong presence large corporations, increased R&D investment to launch new advanced products for women’s health diagnosis, and strong public awareness of early disease diagnosis. However, Asia Pacific is estimated to manifest the highest CAGR of 9.6% during the forecast period. This is attributed to the many technological developments related to women’s diagnosis and imaging techniques in the region.

Main market players

  • Abbott
  • comics
  • Cardinal Health, Inc.
  • F.Hoffmann-La Roche Ltd.
  • General electricity company
  • Hologic, Inc.
  • Koninklijke Philips NV
  • Quest Diagnostics Incorporated
  • Siemens Medical Solutions UNITED STATESInc.
  • bioMérieux SA

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“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your referenceconsidering the impact of Covid-19 on this market which will help you to assess the aftereffects of the pandemic on the short and long term growth trends of this market.”

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Pawan KumarCEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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