According to a new research report titled "Women’s health diagnostics Market (By Application: Cancer [Breast Cancer Testing, Cervical Cancer Testing, Ovarian Cancer Testing], Infectious Disease Testing, Osteoporosis Testing, Pregnancy and Fertility Testing, Prenatal Testing; By End-user: Hospital and Diagnostics Centers, Home) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026" by Acumen Research and Consulting. The global women’s health diagnostics market to touch valuation around USD 77.2 billion by 2026, this market is anticipated to grow with 7.3% CAGR during the forecast time period. Increasing occurrence of infectious diseases, for instance, urinary tract infection and hepatitis, among women is expected to boost the women’s health diagnostics market during the forecast period.
Early diagnosis of any medical problem with help of advanced and versatile mammography, for example, bosom MRI, ultrasound, and bone thickness testing, is basic. Advancements in therapeutic science offer rewarding chances to keep beware of ladies driven conditions that incorporate irresistible illnesses, osteoporosis, and bosom disease. This is evaluated to work for the market. As indicated by information distributed by National Center for Biotechnology Information (NCBI), ladies are 30.0% progressively inclined to be contaminated with HIV contrasted with men.
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As indicated by National Institutes of Health (NIH), 40.0% of ladies contract somewhere around one UTI in their lifetime. It likewise expresses that ladies matured under 50 years are multiple times likelier than men to build up an UTI. In the U.S., ladies experiencing UTIs enlist 8.1 million visits to social insurance suppliers every year.
Besides, product launches, development, mergers and acquisitions, and certain administration activities are anticipated to help the development of the market amid the estimate time frame. For example, in February 2014, Roche launched a completely computerized CINtec PLUS cytology test, another test for screening of cervical malignant growth that enhances identification and early intercession of precancerous cervical infection.
The global women’s health diagnostics market is segmented into end-user, application, and region.On the basis of end-user, the global women’s health diagnostics market is segmented into Hospital & Diagnostics Centers and Home. On the basis of application, the global women’s health diagnostics market is segmented into Cancer, Infectious Disease Testing, Osteoporosis Testing, Pregnancy and Fertility Testing, and Prenatal Testing. The cancer segment is further bifurcated into breast cancer testing, cervical cancer testing and ovarian cancer testing. On the basis of region the global Women’s health diagnostics market is bifurcated into Europe, Latin America, North America, Middle East & Africa, and Asia Pacific.
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North America was at the cutting edge of the worldwide market, with an offer of somewhat over 40.0% in 2017. This can be ascribed to high selection of mechanically propelled products, product dispatches, and government activities. For instance, in September 2017, Philips propelled new ultrasound imaginative products, Philips EPIQ 7, EPIQ 5, and Affiniti 70 ultrasound frameworks, to guarantee simpler, prior, and progressively solid conclusion. This dispatch is probably going to help extend its a dependable balance in this locale. In the U.S., Home Access Health presented a home testing unit, which can be utilized to acquire an example and send it to a research facility for testing for quick and powerful determination.
Asia Pacific is anticipated to be the quickest developing district amid the estimate time frame. Healthcare infrastructure, rising mindfulness about ladies' health disorders, government activities, and expanded investment of ladies in workforce are a portion of the elements ready to decidedly impact the development of the provincial market.
In November 2016, the Indian government propelled Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA) plan to give free well being checkups to pregnant ladies. Under this plan, ladies would be tried for iron deficiency, high glucose (gestational diabetes), pulse, hormonal clutters, and approach free ultrasounds to follow well being and advancement of child in the womb.
Brazil and Mexico are critical markets in Latin America, with the previous being the main income patron in the locale. Declining maternal death rate, expanding future, maturing ladies populace, and developing predominance of irresistible and endless illnesses are essential development stimulants for the provincial market. In 2015, Brazil began circulating self-testing packs to overall public. These packs were gotten complimentary from drug dissemination focuses, drug stores, government well being programs, health services, and through sends.
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. And also, growing R&D investments paired with technical advancements to commercialize highly efficient products are expected to offer huge growth opportunities for industry participants. Some of the main businesses present in the Women’s health diagnostics market are Abbott, and BD, Siemens Healthcare Private Limited, Koninklijke Philips N.V., GE Healthcare, Hologic, Inc., F. Hoffmann-La Roche Ltd. and bioMérieux SA. Significant strategic initiatives undertaken by global businesses include partnerships, new product launch, acquisitions.
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