LOS ANGELES, Feb. 24, 2019 (GLOBE NEWSWIRE) -- The global women’s health diagnostics market size is anticipated to around USD 77.2 billion by 2026, this market is anticipated to grow with 7.3% CAGR during the forecast time period.
Rising adoption of point of-care diagnostics and developing occurrence of different chronic and lifestyle diseases are among the key components invigorating the development of the market. Other than this, presenting different mindfulness programs is likewise foreseen to work in support the market amid the conjecture time frame. For example, in 2014, the European Commission propelled joint activity for European Guide on Quality Improvement in Comprehensive Cancer Control.
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Ladies' wellbeing diagnostics is seeing high development because of expanded subsidizing from different associations. For example, in May 2015, Abcodia got subsidizing of USD 8.0 million from Cambridge Innovative Capital, Scottish Equity Partners, Albion Ventures, and UCLB to dispatch Risk of Ovarian Cancer Algorithm (ROCA) test in the U.K. for early recognition of ovarian malignant growth.
Based on end use, the market has been bifurcated into hospital & diagnostics centres and home. Hospitals and diagnostic centres captures the largest market share due to high number of visits to hospitals and more reliable detection.
The market in Asia Pacific is probably going to observe noteworthy development over the coming years. The development of the market can be credited to expanding interests in social insurance, developing focal point of universal gadget makers on fortifying their appropriation arranges inside the area, and epidemiological move from irresistible ailments to constant sicknesses inside provincial limits.
The global women’s health diagnostics market is segmented into end-user, application, and region. On the basis of end-user, the global women’s health diagnostics market is segmented into Hospital & Diagnostics Centres and Home. On the basis of application, the global women’s health diagnostics market is segmented into Cancer, Infectious Disease Testing, Osteoporosis Testing, Pregnancy and Fertility Testing, and Prenatal Testing. The cancer segment is further bifurcated into breast cancer testing, cervical cancer testing and ovarian cancer testing. On the basis of region the global Women’s health diagnostics market is bifurcated into Europe, Latin America, North America, Middle East & Africa, and Asia Pacific.
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North America was at the cutting edge of the worldwide market, with an offer of somewhat over 40.0% in 2017. This can be ascribed to high selection of mechanically propelled products, product dispatches, and government activities. For instance, in September 2017, Philips propelled new ultrasound imaginative products, Philips EPIQ 7, EPIQ 5, and Affiniti 70 ultrasound frameworks, to guarantee simpler, prior, and progressively solid conclusion. This dispatch is probably going to help extend its a dependable balance in this locale. In the U.S., Home Access Health presented a home testing unit, which can be utilized to acquire an example and send it to a research facility for testing for quick and powerful determination.
Asia Pacific is anticipated to be the quickest developing district amid the estimate time frame. Healthcare infrastructure, rising mindfulness about ladies' health disorders, government activities, and expanded investment of ladies in workforce are a portion of the elements ready to decidedly impact the development of the provincial market.
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In November 2016, the Indian government propelled Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA) plan to give free wellbeing checkups to pregnant ladies. Under this plan, ladies would be tried for iron deficiency, high glucose (gestational diabetes), pulse, hormonal clutters, and approach free ultrasounds to follow wellbeing and advancement of child in the womb.
Brazil and Mexico are critical markets in Latin America, with the previous being the main income patron in the locale. Declining maternal death rate, expanding future, maturing ladies populace, and developing predominance of irresistible and endless illnesses are essential development stimulants for the provincial market. In 2015, Brazil began circulating self-testing packs to overall public. These packs were gotten complimentary from drug dissemination focuses, drug stores, government wellbeing programs, health services, and through sends.
The key players catering to the global Women’s health diagnostics market are Abbott, and BD, Siemens Healthcare Private Limited, Koninklijke Philips N.V., GE Healthcare, Hologic, Inc., F. Hoffmann-La Roche Ltd. and bioMérieux SA.
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