The global women’s health market size is expected to reach USD 47.8 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 4.9% over the forecast period. Governments and various private organizations focused on women health across the globe, which is likely to drive the market in the coming years. Coverage plans provided to women is one of the key factors expected to drive the market in developed countries.
In
U.S., coverage plans provide preventive services for women without any
copayment charges. This includes anemia screening on a routine basis, folic
acid supplements for women who may become pregnant, hepatitis B screening, breast
cancer screening, and contraception. Healthy People 2020 was established by the
Department of Health and Human Services which has a 10-year agenda for
improving the health of all Americans.
Initiatives
undertaken by countries such as India, Japan, China, Singapore, and Australia
are expected to drive the market over the forecast period. For example, in
September 2016, Australia’s Ministry of Health provided a grant of USD 3.8
million till 2019 to Jean Hailes, a women’s health group, to help develop its
education and outreach.
Owing
to aging and rising incidences of obesity, an increase in prevalence of
osteoarthritis (OA) has been witnessed. According to the United Nations, about
10%-15% of all adults aged over 60 have some degree of OA, and the condition is
more prevalent in women. According to the CDC, in 2013, back problems were more
common in women (30.2%). According to the International Osteoporosis Foundation
(IOF), the worldwide prevalence of osteoporosis among women was over 200.0
million in 1990, which is anticipated to reach 680.0 million by 2050.
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Further key
findings from the study suggest:
- On the basis of
application, the women’s health market is segmented into
postmenopausal osteoporosis, endometriosis, hormonal infertility,
contraceptives, and polycystic ovary syndrome (PCOS) and menopause.
Contraceptives held a majority of the market share in terms of revenue in
2019
- Availability of a wide range
of drugs for the treatment of postmenopausal osteoporosis is projected to
boost the market. These include Fosamax, Actonel, Boniva, Reclast, Evista,
and Prolia. In April 2017, the U.S. FDA approved a new drug, Tymlos, to
treat postmenopausal osteoporosis. The approval was based on data of an
18-month trial that demonstrated a substantial reduction in the risk of
vertebral and non-vertebral fractures
- North America held the
largest market share in 2019 owing to technological advancements and
presence of major market players in the region. Asia Pacific, on the other
hand, is expected to witness the highest growth rate over the forecast
period
- Some of the key players in
the women’s health market are Bayer AG; Allergan; Merck & Co., Inc.;
Teva Pharmaceuticals; Pfizer; Agile Therapeutics; Amgen, Inc.;
AstraZeneca, Bristol-Myers Squibb, and Ferring B.V.
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Grand View Research has segmented
the global women’s health market on the basis of application and region:
Women’s Health
Application Outlook (Revenue, USD Million, 2016 - 2027)
- Postmenopausal Osteoporosis
- Hormonal Infertility
- Endometriosis
- Contraceptives
- Menopause
- Polycystic Ovary Syndrome
Women’s Health
Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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