USD 12.98 billion
Report ID:
SQMIG35D2168 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
94
|Figures:
75
Global Women's Health Therapeutics Market size was valued at USD 12.98 billion in 2022 and is poised to grow from USD 13.70 billion in 2023 to USD 21.05 billion by 2031, growing at a CAGR of 5.52% in the forecast period (2024-2031).
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Global Market Size
USD 12.98 billion
Largest Segment
Contraception
Fastest Growth
Reproductive Disorders
Growth Rate
5.52% CAGR
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The global women's health therapeutics market is segmented into four major segments i.e. by therapeutic area, indication, distribution channel, and region. Based on type, it is divided into hormone therapies, contraceptives, reproductive health drugs, and others. Based on Indication, it is bifurcated as menopause, contraception, hormone-related cancers, reproductive disorders, and others. Based on distribution channel it is segregated into, hospital pharmacies, retail pharmacies, online pharmacies, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Analysis by Therapeutic Area
Hormone therapies are expected to dominate the market due to their wide-ranging applications in addressing menopausal symptoms, hormonal imbalances, and hormone-related cancers. The prevalence of conditions such as menopause and hormonal disorders, coupled with the increasing aging population, drives the demand for effective hormone therapies.
Reproductive health drugs are anticipated to be the fastest-growing therapeutic area. The growing focus on women's reproductive well-being, advancements in fertility treatments, and increasing awareness about reproductive health contribute to the expansion of this segment. Additionally, factors such as delayed pregnancies and rising infertility rates contribute to the heightened demand for innovative reproductive health drugs.
Analysis by Indication
Contraception is expected to dominate the market, driven by a global emphasis on family planning and reproductive health. The widespread awareness of contraceptive methods and the increasing adoption of birth control measures contribute to the dominance of this indication type.
Reproductive disorders are anticipated to be the fastest-growing indication type. Factors such as rising infertility rates, delayed pregnancies, and an increasing focus on assisted reproductive technologies contribute to the heightened demand for therapeutic interventions addressing reproductive health issues. The evolving landscape of reproductive medicine and the growing prevalence of reproductive disorders position this segment for rapid growth.
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North America is expected to dominate the market due to the role as primary healthcare providers and the availability of a wide range of women's health therapeutics within hospital settings. The established infrastructure, healthcare professional guidance, and immediate access to medications contribute to the dominance of the region.
Asia Pacific is anticipated to be the fastest-growing region due to the increasing trend of digital healthcare and the convenience of online platforms for purchasing medications, coupled with the growing prevalence of e-commerce, contribute to the rapid growth of online pharmacies. The ease of access, availability of a diverse range of products, and the emphasis on telemedicine further propel the expansion of this region.
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Drivers
Increasing Awareness and Advocacy for Women's Health Issues
Restraints
High Regulatory Complexities and Stringent Approval Processes
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The competitive environment of the Women's Health Therapeutics market is dynamic and marked by a diverse array of pharmaceutical and biotechnology companies striving to address the unique healthcare needs of women. The industry leaders often engage in strategic collaborations, acquisitions, and product innovations to maintain their market dominance. Simultaneously, smaller, specialized companies contribute to market dynamics, focusing on niche therapeutic areas within women's health.
Top Player’s Company Profiles
Recent Developments
In November 2023 the FDA granted approval for AstraZeneca’s Truqap for breast cancer treatment in tandem with Faslodex. By its claim, it is intended, firstly, to count the risk of disease progagation and secondly, to lower the mortality rate by 50%.
In June 2023, Nykode introduced its clinical trial in collaboration with F. Hoffmann-La Roche Ltd, which aimed at the examination of a combination treatment of patients with advanced cervical cancer. This therapy will be provided through a combination synergistic with Nykode VB10.16 and Tecentriq of Roche.
In March 2022 Cipla Inc. had expanded is women’s feminine hygiene products line, with the introduction of the Evexpert Intimate wash. In this regard, movement served to provide answers specifically to the rising demands from women for the intimate care products.
Rising Emphasis on Personalized Medicine
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global women's health therapeutics market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market is propelled by increasing awareness and technological advancements, driving demand for targeted solutions in areas like menopause and reproductive health. However, stringent regulatory processes and safety concerns present restraints. Hormone therapies and contraceptives dominate product types. North America leads due to heightened healthcare awareness, while Asia-Pacific exhibits significant growth potential. Key trends include a focus on personalized medicine and innovative contraception methods. The market's trajectory reflects a blend of innovation, regulatory scrutiny, and regional healthcare dynamics, emphasizing the industry's commitment to advancing women's healthcare solutions.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 12.98 billion |
Market size value in 2031 | USD 21.05 billion |
Growth Rate | 5.52% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Women's Health Therapeutics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Women's Health Therapeutics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Women's Health Therapeutics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Women's Health Therapeutics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Women's Health Therapeutics Market size was valued at USD 12.30 billion in 2021 and is poised to grow from USD 13.45 billion in 2022 to USD 29.30 billion by 2030, growing at a CAGR of 5.52% in the forecast period (2023-2030).
The competitive environment of the Women's Health Therapeutics market is dynamic and marked by a diverse array of pharmaceutical and biotechnology companies striving to address the unique healthcare needs of women. The industry leaders often engage in strategic collaborations, acquisitions, and product innovations to maintain their market dominance. Simultaneously, smaller, specialized companies contribute to market dynamics, focusing on niche therapeutic areas within women's health. 'Pfizer Inc. (United States)', 'Bayer AG (Germany)', 'Novartis AG (Switzerland)', 'GlaxoSmithKline plc (United Kingdom)', 'Merck & Co., Inc. (United States)', 'AbbVie Inc. (United States)', 'Eli Lilly and Company (United States)', 'AstraZeneca plc (United Kingdom)', 'Johnson & Johnson (United States)', 'Teva Pharmaceutical Industries Ltd. (Israel)', 'Eisai Co., Ltd. (Japan)', 'Otsuka Pharmaceutical Co., Ltd. (Japan)', 'Shionogi & Co., Ltd. (Japan)', 'Mitsubishi Tanabe Pharma Corporation (Japan)', 'Daiichi Sankyo Company, Limited (Japan)', 'Astellas Pharma Inc. (Japan)', 'Sanofi (France)', 'Bristol Myers Squibb Company (United States) 19.æ¦ç°è¬åå·¥æ¥æ ªå¼ä¼ç¤¾ (Japan)', 'Allergan plc (Ireland)'
The increasing awareness and advocacy for women's health issues have spurred demand for advanced therapeutic solutions, addressing conditions such as menopause, reproductive disorders, and hormonal imbalances. Technological advancements in healthcare, including precision medicine and innovative drug formulations, propel therapeutic innovation.
The increasing emphasis on personalized medicine, tailoring therapeutic interventions to individual women's needs based on genetic, hormonal, and lifestyle factors. Additionally, there is a growing focus on innovation in contraception methods, including long-acting reversible contraceptives (LARCs) and non-hormonal alternatives. The development of novel therapies addressing specific women's health concerns, such as endometriosis and polycystic ovary syndrome (PCOS), are gaining traction.
North America is expected to dominate the market due to the role as primary healthcare providers and the availability of a wide range of women's health therapeutics within hospital settings. The established infrastructure, healthcare professional guidance, and immediate access to medications contribute to the dominance of the region.
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Report ID: SQMIG35D2168
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