Segments - Women’s Health Therapeutics Market by Types (Infection, Pregnancy, and Oncology [Cervical Cancer, Vaginal & Vulvar Cancer, Uterine Cancer, and Ovarian Cancer]), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global women’s health therapeutics market size was valued at USD 179.14 Billion in 2022 and is projected to reach USD 382.69 Billion by 2031, expanding at a substantial CAGR of 8.8.% during the forecast period, 2023–2031. The growth of the market is attributed to the growing prevalence of chronic disease, increasing expenditure on healthcare, lifestyle-associated disorders, launch of novel and effective drugs, and complications related to pregnancy.
In healthcare sector, women health therapeutics market is leading because every woman deals with some type of gynecological disorder at some point in her entire life. Women’s health therapeutics comprises of extensive range of treatment by using several devices and drugs for different health disorders in women.
Various advanced technologies are present for the treatment of women’s health disorders includes ovarian-related problems, cancer, and urological disorders. Many gynecological diseases are cured with proper treatment but in some cases, they can be fatal if diagnosed at right time. Currently, there is pipeline of molecules such as AZD4901, romosozumab (AMG785), abaloparatide, elagolix, ASP1707, vaginorm and teriparatide.
The increasing cases of infertility is projected to push the market. Based on World Health Organization (WHO), infertility in women is serious disability with 5th highest rank across globe, because of this requirement of infertility therapeutics is increasing. According to Centers for Disease Control and Prevention (CDC), around 12% of women have taken any kind of infertility services in their life.
Increasing awareness about cancer, infections, menopause, and osteoporosis is projected to aid the market of women’s health. Furthermore, launch of novel drug therapies by key market players helps for the expansion of the market. In March 2017, TESARO, Inc. received approval for Zejula from the U.S. Food and Drug Administration (FDA). This drug is used for advanced ovarian cancer treatment.
In South Africa, the WHO released guidelines for people living with HIV, to get diagnosis immediately using Antiretroviral Therapy (ART). This recommendation is called as Test and Treat Policy for HIV. Private companies and governments are rising their expenditure on improvement of women’s healthcare particularly for ovarian, cervical, uterine, and breast cancers. Mergers and acquisitions, product approvals, collaborations, and funding are serving the market.
The report on the global women’s health therapeutics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Women’s Health Therapeutics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Types (Infection, Pregnancy, and Oncology [Cervical Cancer, Vaginal & Vulvar Cancer, Uterine Cancer, and Ovarian Cancer]), |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Bayer AG; Pfizer, Inc.; Teva Pharmaceutical; F. Hoffmann-La Roche Ltd.; Johnson & Johnson Services Inc.; Novartis International AG; Abbott Laboratories; Eli Lilly and Company; Merck & Co., Inc.; Novo Nordisk A/S; Lupin Pharmaceuticals Inc.; Blairex Laboratories Inc.; and Amgen Inc. |
Based on types, the women’s health therapeutics market is divided into infection, pregnancy, and oncology. The oncology segment is further sub-divided into cervical cancer, vaginal & vulvar cancer, uterine cancer, and ovarian cancer. The oncology segment is expected to hold a key share of the market during the forecast period.
The cervical cancer is most common type of oncology which held a majority of the revenue share. Novel launch of products, ease reimbursement for better and effective treatment, several product approvals, and rising clinical trials are major factor responsible for propelling the segment growth. In June 2018, the FDA approved Merck and Co. for its KEYTRUDA drug. This drug is used for treating cervical cancer
However, the infection segment is anticipated to expand at a rapid pace during the forecast period due to growing prevalence of tuberculosis (TB), toxoplasmosis, bacterial vaginosis (BV), cytomegalovirus, herpes simplex virus, urinary tract infection (UTI), and hepatitis A, B, C, D, and E. As per Centers for Disease Control and Prevention (CDC), in the U.S., BV is the most dominant infection in women. Also, every year around 21 million women between ages 14 to 49 get affected by BV.
On the basis of regions, the women’s health therapeutics market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to increased funding, growing cases of chronic diseases, and rising mergers and acquisitions.
Based on the Connecticut Small Business Development Center, in 2015, GestVision, Inc., was funded of USD 2 million for diagnostic test of preeclampsia of women who were pregnant. Quest Therapeutics acquired two hospitals, namely, the Hospital of Central Connecticut and the William W. Backus Hospital, of Hartford HealthCare (HHC) in September 2017. This acquisition helped physicians and patients for timely treatment and care by accessing testing services.
On the other hand, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years owing to rising per capita revenue, increasing aging population, growing prevalence of chronic diseases, and increasing product approvals. The China Food and Drug Administration approves Triumeq in January 2018. Triumeq is manufactured by GlaxoSmithKline (GSK). It is single pill and low cost treatment for Human Immunodeficiency Virus (HIV).
The global women’s health therapeutics market has been segmented on the basis of
Key players competing in the women’s health therapeutics market include Bayer AG; Pfizer, Inc.; Teva Pharmaceutical; F. Hoffmann-La Roche Ltd.; Johnson & Johnson Services Inc.; Novartis International AG; Abbott Laboratories; Eli Lilly and Company; Merck & Co., Inc.; Novo Nordisk A/S; Lupin Pharmaceuticals Inc.; Blairex Laboratories Inc.; and Amgen Inc.
Major market players are adopting several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.