Women’s Health Market USD 9.51 Billion in 2019 and is forecasted to reach USD 24.48 Billion by 2027 at a CAGR of 12.5% by Emergen Research

The global women’s health market size was valued at USD 9.51 Billion in 2019 and is forecasted to reach USD 24.48 Billion by 2027 at a CAGR of 12.5%.The market is experiencing rapid growth attributed to growing incidences of organ failure, especially kidney, liver, heart, lungs, and pancreas, among others. The primary benefits of Women’s Health are that they provide an opportunity for mass production, along with reducing the chances of rejection by the human body.

The leading players in the market include Zimmer Biomet, Ekso Bionics, Boston Scientific Corporation, Abiomed Inc., Heartware International Inc., Cochlear Ltd., Berlin Heart GmbH, Medtronic, Nipro Corporation, and Baxter International, among others.

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A rapid growth in demand for organ transplantation across the globe is owing to the growing prevalence of the failure of vital organs, along with the increasing success rate and improvement in post-transplant health conditions. Nevertheless, the lack of donors for transplantation to cater to the rising demand has led to a shortage crisis in the market for body parts transplantation. Thus, a significant rise in the number of patients waiting for a transplant and a rise in the mortality rate of patients due to the unavailability of organs for transplantation is driving the growth of the market.

Organ Type Outlook (Revenue, USD Billion; 2017-2027)

1. Artificial Kidney
2. Artificial Liver
3. Artificial Heart
4. Artificial Lungs
5. Artificial Pancreas
6. Others

Usage Outlook (Revenue, USD Billion; 2017-2027)

1. Implantable
2. Extracorporeal

Material Type Outlook (Revenue, USD Billion; 2017-2027)

1. Silicon
2. Plastic
3. Steel
4. Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. MEA

North America is projected to command the market expansion over the projected timeline attributable to the soaring implementation of Ground-based Monitoring Systems and Sensing and Imagery Systems to enhance the productivity of the agricultural sector. The augmented adoption of smart and precision farming, coupled with the presence of significant market players, is contributing to the progress of the market in the region. The Asia Pacific region is forseen to be the fastest-growing market due to rising initiatives for water conservation in the region. 

To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/womens-health-market

Key Highlights from the Report

1. In November 2019, Mammoet, who is a global market leader for lifting and transporting heavy objects, entered into a partnership with the SGS group. SGS Group is helping the company with the construction of a large oil refinery in Nigeria.
2. The ground-based monitoring system segment held the largest market share of 55.2% in 2019. Growing adoption of the Ground-based Monitoring Systems among the skilled farmers in the developed economies to increase agricultural productivity and enhance crop quality is expected to drive the growth of the segment.
3. Services are forecasted to grow with the fastest CAGR of 13.8% over the forecast period. Increasing utilization of the Internet of things (IoT) enabled devices for agricultural and non-agricultural purposes, and the growing number of connected agriculture devices is expected to drive the growth of the services segment in the Women’s Health market.
4. The agricultural segment accounted for the largest market share in 2019. The rising global population, along with the rising demand for food, is expected to increase the adoption of smart agricultural practices.
5. The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The region is continuously striving to increase agricultural productivity by implementing technologically advanced agricultural practices.