The government authorities of many countries across the globe are growing initiatives to boost different projects related to women health. This factor is estimated to generate prominent growth opportunities in the global women’s health market during the forecast period of 2017 to 2025, states a report by Transparency Market Research (TMR).
The research report states that the global women’s health market is anticipated to expand at a CAGR of 5.7% during the forecast period (2017–2025). The study by TMR presents a panoramic view of the global women’s health market. This aside, it gives access to huge data and in-depth analysis of many crucial facets including drivers, growth opportunities, challenges, and threats in the market for women’s health. Moreover, the research report discusses a wide range of present and historical trends in the market.
In past few years, there is significant growth in awareness about women’s health across major parts of the globe. Furthermore, the government bodies of many countries across the globe are growing focus toward offering superior health services to this population base. These factors are anticipated to result into promising sales opportunities for players in the global women’s health market in the years to come.
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Growing Prevalence of Several Health Conditions among Women Boosts Market Sales
A notable increase in the number of female population is observed across the globe. Similarly, there is surge in number of women facing different cancer types including ovaries, breast, and cervical cancer. At the same time, there is significant growth in prevalence of many other health issues such as post-menopausal syndrome, UTI, contraceptive, osteoporosis, and hypothyroidism. All these factors have emphasized the increased need for better and superior healthcare facilities for women population, which in turn, is creating prodigious expansion avenues for players in the global women’s health market.
Players Execute Different Strategies to Expand Their Businesses
Novartis AG, Eli Lilly and Company, Merck & Co., Inc., Pfizer, Inc., Amgen Inc., Lupin Pharmaceuticals, Inc., Novo Nordisk A/S, Sanofi, AstraZeneca, F. Hoffmann-La Roche Ltd., Bayer AG, Allergan Plc, Johnson & Johnson, and GlaxoSmithKline plc are some of the key players working in the global women’s health market. The presence of considerable number of players indicates that the competition levels in the market are quite fierce.
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To sustain in highly competitive landscape of women’s health market, major players are executing organic as well as inorganic strategies. R & D activities, new product launches, merger and acquisitions, and regional expansion are some of the prominent growth strategies utilized by leading market players.
Why is North America Prominent Market Region for Market Players?
Asia Pacific, North America, Europe, Middle East and Africa, and Latin America are key regions for the global women’s health market. Among all, North America is one of the leading regions of the market.
The growth of North America women’s health market can be attributed to many factors including increased accessibility to women’s health therapeutics due to surge in investment by private as well as government agencies for drug research activities. This aside, growth in awareness about women health and presence of sturdy healthcare infrastructure in the region is anticipated to create lucrative avenues in the market in the years to come.
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Global Women’s Health Market Segmentation
The segmentation of the global women’s health market is performed on the basis of many vital aspects such as treatment type, disease indication, and region. In terms of treatment type, the market is bifurcated into non-hormonal treatment and hormonal treatment. Based on disease indication, the market is classified into many parts such as hypothyroidism, cancer, osteoporosis, post-menopausal syndrome, uterine fibroid, urinary tract infection, contraceptive, and others.
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