Women’s Health Diagnostics Market Is Witnessing High Growth By 2025 On Account Of Rising Point-Of-Care Diagnostics And Growing Incidence Of Various Chronic And Lifestyle Diseases | Grand View Research

Women’s Health Diagnostics Market Is Witnessing High Growth By 2025 On Account Of Rising Point-Of-Care Diagnostics And Growing Incidence Of Various Chronic And Lifestyle Diseases | Grand View Research

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The continued growth in the female population around the globe, along with increased instances of chronic diseases among this demographic, has helped in expanding the scope of the women’s health diagnostics market, as per a study by Grand View Research. The COVID-19 pandemic has also impacted the market growth and development.

The global women’s health diagnostics market size is expected to reach USD 30.8 billion by 2025, according to a report by Grand View Research, Inc. The industry is projected to advance at 6.9% CAGR over the forecast period. The rising prevalence of infectious diseases, such as hepatitis and urinary tract infection, among women across the globe, is projected as the major factor driving market growth. Early detection of any health issue with help of digital and mobile mammography, such as breast MRI, ultrasound, and bone density testing, goes a long way in avoiding further complications. The rising adoption of point-of-care diagnostics, coupled with the introduction of various awareness programs is also anticipated to aid market advancement in the coming years. Additionally, the area of health diagnostics has witnessed a sharp increase in funding from various organizations across the globe, which bodes well for the industry growth.

According to UN reports, women dominate the aging population globally, with 54% of the population above 60 years of age in 2017 being women, while the number increased to 61% for people aged 80 and above. As such, there is a heavy focus on the optimum health of this population, which has positively impacted industry growth. The continued increase in the working women population globally has coincided with an increase in the incidence of lifestyle diseases, which has aided in the progress of the women’s health diagnostics market. The rising instances of breast cancer, cervical cancer, and ovarian cancer among the demographic is also expected to drive the industry over the coming years. According to data published by National Center for Biotechnology Information (NCBI), women are 30.0% more prone to be infected with HIV compared to men, which is another driver of the overall market. Manufacturers are constantly involved in the development of innovative products, with aid from research institutes and government organizations, thus providing another facet to the industry advancement. 

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Women’s Health Diagnostics Market Report Highlights

 According to the National Institutes of Health (NIH), 40.0% of women contract at least one UTI in their lifetime, with the chances of occurrence in women being 30 times higher than in men under 50 years of age; this calls for the presence of proper diagnostic tools for women at healthcare institutions

Based on application, cancer is projected to show sustained growth in the women’s health diagnostics market over the forecast period, owing to availability of early detection tests and government initiatives to tackle cancer in the female population

Prenatal testing is estimated to be the fastest growing segment through 2025, on account of the rising prevalence of prenatal diseases, increasing maternal age, surging healthcare expenditure, and development of advanced diagnostic tests

North America is expected to maintain its regional dominance in the women’s health diagnostics market through 2025, thanks to widening base of diagnostic & imaging centers, mounting cases of cancer, growing awareness about fertility testing, and a drastic increase in adoption of point-of-care testing devices

Some of the key players in the women’s health diagnostics market include Siemens Healthcare, Hologic, GE Healthcare, F. Hoffmann-La Roche, bioMérieux, BD, Koninklijke Philips, Abbott, Quest Diagnostics, and PerkinElmer

In March 2021, Hologic completed the acquisition of Diagenode, a European developer and manufacturer of molecular diagnostic assays and epigenetics products. The development would help Hologic to expand its geographical reach, as well as improving its regional time-to-market

The continued prevalence of the COVID-19 pandemic since early 2020 has had a significant impact on the female population globally, with the NCBI stating that between January and April 2020, breast and cervical cancer screenings each dropped by 94%; removal of lockdown restrictions across the globe has helped in enabling patient access to major healthcare services

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Women’s Health Diagnostics Market Segmentation

Grand View Research has segmented the global women’s health diagnostics market based on application, end use, and region:

Women’s Health Diagnostics Application Outlook (Revenue, USD Million, 2014 – 2025)

        • Breast Cancer Testing
        • Cervical Cancer Testing
        • Ovarian Cancer Testing
     Infectious Disease Testing
     Osteoporosis Testing
     Pregnancy and Fertility Testing
     Prenatal Testing

Women’s Health Diagnostics End Use Outlook (Revenue, USD Million, 2014 – 2025)

     Hospital and Diagnostics Centers

Women’s Health Diagnostics Regional Outlook (Revenue, USD Million, 2014 – 2025)

     North America
        • The U.S.
        • Canada
        • Germany
        • The U.K.
     Asia Pacific
        • China
        • Japan
     Latin America
        • Brazil
        • Mexico
     Middle East & Africa
        • South Africa

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About Grand View Research

Grand View Research, Inc. is a market research and consulting company based in India and the US, and headquartered in San Francisco. The organization offers syndicated and customized research reports in 46 industries across key regional markets, such as the US, Canada, Latin America, Europe, and Asia Pacific, among others.

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