Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 76.28 Billion | USD 130.55 Billion | 5.5% | 2023 |
Zion Market Research has published a report on the global Women Health Therapeutics Market, estimating its value at USD 76.28 Billion in 2023, with projections indicating that it will reach USD 130.55 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.5% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Women Health Therapeutics Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Women health therapeutics has been gaining significance since last three decades. In 1991, NHLBI (National Heart, Lung, and Blood Institute) of the U.S. NIH (National Institutes of Health) sponsored the Women’s Health Initiative (WHI). As per this initiative, it focusses on various strategies including prevention of heart disorders, colorectal cancer, osteoporosis, and breast cancer in postmenopausal women over the long term. The key WHI study were divided into three parts, namely, clinical study, observational research, and community prevention study. The data collection for the WHI study was completed in 2005 by NIH. Furthermore, WHI contributes majorly towards women’s health & therapeutics through ancillary studies. All these aforementioned factors are anticipated to spearhead the growth of women health therapeutics industry.
Favorable initiatives carried out by NIH that include WHISH (Women’s Health Initiative Strong and Healthy Study), WHISPER (Women’s Health Initiative Sleep Hypoxia Effects on Resilience), and OPACH (Objective Physical Activity and Cardiovascular Health Study) will shape the market growth dimensions over the forecast period. Apart from this, constant surge in occurrence of chronic & lifestyle related diseases in women will embellish women health therapeutics market trends. Furthermore, rise in the funding of healthcare research events along with growing research in the field of oncology & breast cancer will form a strong foundation for women health therapeutics market. With rise in complications pertaining to pregnancy and launching of novel therapeutic drugs for treating the pregnancy related problems, women health therapeutics industry is slated to witness extensive surge within the next couple of years.
Moreover, increment in awareness associated with cancer, infections, menopause, and osteoporosis will proliferate the market size. New drug treatments introduced by giant players of pharma industry will chart a profitable roadmap for women health therapeutics market in the upcoming years. Rise in the infertility rates in women coupled with surge in the gynecological disorders will proliferate the industry size during the years ahead. Favorable government schemes supported by strong healthcare amenities in developed countries as well as emerging nations will kindle the emergence of the market over 2020-2026.
Report Attributes | Report Details |
---|---|
Report Name | Women Health Therapeutics Market |
Market Size in 2023 | USD 76.28 Billion |
Market Forecast in 2032 | USD 130.55 Billion |
Growth Rate | CAGR of 5.5% |
Number of Pages | 125 |
Key Companies Covered | Novartis International AG, Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Merck & Co., Inc., Pfizer, Inc., Bayer AG, and Novo Nordisk A/S. |
Segments Covered | ByType, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The business growth in North America over 2024-2032 can be attributed to large-scale approval of generic medicines by U.S. FDA and occurrence of chronic disorders in women population base. Apart from this, rise in geriatric female population prone to chronic disorders and introduction of new drug therapies to treat such severe ailments will augment market value and add to industry ascension during the assessment period. Moreover, U.S. and Canada are likely to be the key regional growth drivers within the span of next couple of years.
The major players that dominate the global women health therapeutics market include:
By Type
By Region
FrequentlyAsked Questions
Women's health therapeutics are medical treatments and therapies meant especially to treat health issues affecting women. Emphasizing diseases particular to or more common in women, these therapies treat a wide spectrum of disorders, from reproductive and hormonal health to general health issues including osteoporosis, heart disease, and cancer.
Demand for specialist treatments is being driven by rising awareness campaigns and educational efforts surrounding women's health issues including reproductive health, osteoporosis, and cardiovascular risks.
Zion Market Research has published a report on the global Women Health Therapeutics Market, estimating its value at USD 76.28 Billion in 2023, with projections indicating that it will reach USD 130.55 Billion by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 5.5% over the forecast period 2024-2032.
The business growth in North America over 2020-2026 can be attributed to large-scale approval of generic medicines by U.S. FDA and occurrence of chronic disorders in women population base.
Key players profiled in the study are Novartis International AG, Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Merck & Co., Inc., Pfizer, Inc., Bayer AG, and Novo Nordisk A/S.
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