Pune, Jan. 04, 2023 (GLOBE NEWSWIRE) -- The Global Womens Health Diagnostics Market is estimated to reach USD 52.1 Billion by 2029, up from USD 27.1 Billion in 2021, at a CAGR of 8.5 %, says Maximize Market Research.
Women’s Health Diagnostics Market Scope and Research Methodology:
The Women's Health Diagnostics Market report covers the major drivers, challenges, restraints, and lucrative opportunities in the market. The report analysis provides an analytical representation of the market as well as current trends and forecasts future to identify potential investment opportunities. Maximize Market Research has segmented the global women’s health diagnostics market report based on application, end-user, and region. Porter's five forces study shows how buyers and suppliers can develop supplier-buyer networks and make profit-driven decisions.
The report uses a bottom-up approach to validate market estimations by segments and region. Thus the tailor-made report acts as a complete guide to clients to formulate growth developing growth prospects and business and marketing plans. Primary research has been carried out through emails, telephonic conversations, referrals, professional networks, and formal interactions to develop a market understanding and expertise Our analyst has also given profiling of some of the leading key players in the women's Health Diagnostics Market.
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Global Womens Health Diagnostics Market Overview
A lot of tests can be used to detect problems affecting women's health. The use of medical diagnostic equipment such as mammography, imaging and monitoring systems, biopsy instruments, and others helps doctors in screening and diagnosing illnesses by identifying cancer, clearing blockages, and imaging inside organs. Breast cancer, ovarian cancer, cervical cancer, menopause, and pregnancy are just a few of the numerous women's health issues found by screening, testing, or diagnosis. Increased usage of point-of-care diagnostic testing, as well as an increase in the number of diagnostic and imaging facilities, are likely to drive market growth during the forecast period.
Global Womens Health Diagnostics Market Dynamics
Early diagnosis of any health issue is critical using digital and mobile mammography, such as breast MRI, ultrasound, and bone density tests. Medical science advancements provide lucrative opportunities to tackle women-centric problems such as infectious infections, osteoporosis, and breast cancer. This is expected to benefit the market. Breast cancer is the most common cancer in women and the second most common cancer in the world. A large increase in the number of women with breast cancer is expected to increase the need for breast cancer diagnostics. Organic growth strategies such as product launches, advanced product development, and product approvals are being followed by key players in the women's health diagnostics market. To gain a competitive advantage in the market, they have used various inorganic techniques such as mergers & acquisitions, and partnerships.
However, the high cost of imaging technology and a lack of skilled professionals restrict the market growth. On the other hand, increased demand for advanced technologies increased availability of diagnostic centers, and growth in the number of advances and strategic collaborations by diagnostic device key players provide new opportunities in the coming years.
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Global Womens Health Diagnostics Market Regional Insights
North America is expected to have a considerable market share because of the large prevalence of cancer among women, higher incidence of lifestyle-related diseases, high adoption of technologically advanced products, new launches, and government efforts. Furthermore, the growth can be attributed to an increase in the prevalence of tumors in women, such as breast and ovarian cancer, as well as other chronic diseases in the region. Women in the United States are expected to be diagnosed with 287,850 new cases of invasive breast cancer and 51,400 new cases of non-invasive (in situ) breast cancer in 2022, according to the Breast Cancer Facts and Statistics report from July 2022. As a result, the rising prevalence of breast cancer is expected to increase demand for women's health diagnoses, driving market growth.
Global Womens Health Diagnostics Market Segmentation
By Application:
- Cancer
- Breast Cancer Testing
- Cervical Cancer Testing
- Ovarian Cancer Testing
- Infectious Disease Testing
- Osteoporosis Testing
- Pregnancy and Fertility Testing
- Prenatal Testing
By End Use:
- Hospital and Diagnostics Centers
- Diagnostic and Imaging Centers
- Home Care Settings
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Global Womens Health Diagnostics Market Key Competitors:
- Quest Diagnostics Incorporated
- Hologic, Inc.
- Siemens AG
- PerkinElmer, Inc.
- F. Hoffmann-La Roche Ltd.
- Cardinal Health,Inc.
- General Electric Company
- Becton
- Dickinson and Company
- Abbott Laboratories
- bioMérieux SA
- Koninklijke Philips N.V.
- Guided Therapeutics, Inc.
- SuperSonic Imagine
- FUJIFILM Holdings Corporation
- DIALAB GmbH
- Carestream Health, Inc.
- MedGyn Products, Inc.
- Cook Medical, Inc.
- Osteometer MediTech, Inc
- NeuroLogica Corporation
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Key questions answered in the Global Womens Health Diagnostics Market are:
- What is the growth rate of the Global Womens Health Diagnostics Market over the forecast period?
- What is the study period of Womens Health Diagnostics market?
- What is the nature of competition in the Global Womens Health Diagnostics industry in developed economies and developing economies?
- Which are the top five key players in the Womens Health Diagnostics Market?
- What will be the future innovation in the Womens Health Diagnostics market in the upcoming six years?
- Which Application will lead the largest share of the Market?
- What are the growth drivers, restraints, and challenges of the Womens Health Diagnostics industry?
- What will be the CAGR and size of the Womens Health Diagnostics Market for the base year and forecast period?
Key Offerings:
- Market Share, market size, its growth rates & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by application, End User, and Region.
- Competitive Landscape – Top Key players and Other Prominent Vendors
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