Asia-Pacific is expected to grow at the highest CAGR of 8.1% from 2017 to 2023

PORTLAND, OREGON, UNITED STATE, March 9, 2022 /EINPresswire.com/ -- The estimates of Census 2011 in South Africa reveal that around 2.5 million females in South Africa belonged to the age group of 60 years and above in 2011. Hence, these people are prone to encounter various chronic and lifestyle disorders. According to a new report published by Allied Market Research, titled, Women's Health Diagnostics Market, by Type and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global women's health diagnostics market was valued at $13,133 million in 2016, and is projected to reach $21,501 million in 2023 at a CAGR of 7.0% from 2017 to 2023.

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Factors such as rise in prevalence of various chronic lifestyle disorders in women, rise in female geriatric population who are more prone to several disorders, increase in adoption of point of care diagnosis, high demand for imaging and diagnosing centers, and support from government in promoting awareness about women related disorders. However, factors such as expensive imaging procedures and lack of skilled professionals restrains the market growth. Conversely, huge untapped market potential in the emerging countries, such as South Africa and India, and development of novel and advanced imaging procedures such as miniature devices are expected to provide lucrative opportunities to the market players.

Key findings of the Women's Health Diagnostics Market:

Diagnostic tests segment accounted for around 55.1% share of the global women's health diagnostics market in 2016
Diagnostic devices segment is expected to grow at a CAGR of 6.5% from 2017 to 2023.
Hospitals and clinics segment accounted for around 49.8% share of the global women's health diagnostics market in 2016
North America accounted for around 33.7% share of the global women's health diagnostics market in 2016

Key Market Players

ABBOTT LABORATORIES
BECTON, DICKINSON AND COMPANY
CARDINAL HEALTH, INC.
CARESTREAM HEALTH INC.
COOK MEDICAL
C. R. BARD INC.
F. HOFFMANN-LA ROCHE LTD.
GE HEALTHCARE (A HEALTHCARE DIVISION OF GE COMPANY)
HOLOGIC, INC.
KONINKLIJKE PHILIPS N.V. (PHILIPS HEALTHCARE)
MEDGYN PRODUCTS, INC.
QUEST DIAGNOSTICS INCORPORATED.
SIEMENS AKTIENGESELLSCHAFT
THERMO FISHER SCIENTIFIC, INC.

North America was the leading revenue contributor to the global women's health diagnostics market, accounting for nearly one-third of the global market. This is attributed to the presence of numerous screening tests for cancer detection and other diseases. Moreover, presence of key players and advanced diagnostics procedures such as 3D mammography. However, Asia-Pacific is expected to grow at the highest CAGR of 8.1% during the study period, due to increase in affordability, surge in healthcare expenditure, and rise in awareness towards various women related disorders.

Key Market Segments

By Type

Diagnostic Devices
Diagnostic Tests
Cervical Cancer Testing
Prenatal Genetic Screening and Carrier Testing
Pregnancy & ovulation testing

By End User

Hospitals and Clinics
Home Care Settings
Diagnostic and Imaging Centers
Others

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry

David Correa
Allied Analytics LLP
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