In the past decade, the demand for various health diagnostic tests has increased significantly across the globe. Currently, the market is mainly driven by growing awareness about various health-related disorders, rising incidence of chronic and lifestyle disorders, and the high prevalence of infectious diseases such as HIV and hepatitis in women across the globe.
[270 Pages Report] The women’s health diagnostics market is projected to reach USD 36.6 billion by 2025 from USD 25.0 billion in 2020, at a CAGR of 7.9% during the forecast period.
Market Dynamics
- High prevalence of infectious diseases in women
- Rising incidence of chronic and lifestyle-related disorders in women
- Increasing awareness about fertility testing in women and initiatives by government and health organizations
- Increased adoption of POC and rapid diagnostic tests
- Growth in the number of private diagnostic and imaging centers
- Public-private partnerships are expected to enhance infrastructure in diagnostic imaging centers
Based on application, the women’s health diagnostics market is divided into nine segments—osteoporosis testing, OVC testing, cervical cancer testing, breast cancer testing, pregnancy & fertility testing, prenatal genetic screening & carrier testing, infectious disease testing, STD testing, and ultrasound tests. The breast cancer testing segment accounted for the larger market share in 2019.
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COVID-19 Impact on Global Women’s Health Diagnostics Market
Since the beginning of 2020, more and more countries across the globe shut down their borders and limited transportation and travel to contain the coronavirus (COVID-19) outbreak, thus, creating impediments for international trade and transportation. This had disrupted the supply chains for the women’s health diagnostics market, temporarily leading to fall in demand due to uncertainty in the global economy and capital markets.
The geographical regions mapped in the report are:
1. North America2. Europe3. Asia-Pacific4. Rest of the World (RoW)5. Latin America6. Middle East & Africa
Lack of skilled IT professionals and data security concerns are expected to restrain the growth of the market to a certain extent. In addition, lack of data management and interoperability issues pose as major challenges for the market. On the basis of region, this market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
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