Women's Health Diagnostics Market Size, Share & Trends Analysis Report By Type (Diagnostic Devices, Diagnostic Tests), By Application (Infectious Disease Testing, Sexually Transmitted Disease Testing, Osteoporosis Testing, Pregnancy and Fertility Testing, Breast Cancer, Other Applications), By End-User (Home Care, Hospital and Diagnostics Centres) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Market Overview

The global Women's health diagnostics market size was valued at USD 21.85 billion in 2021, and it is anticipated to reach USD 39.7 billion by 2030 at a CAGR of 6.86%.

The medical speciality, known as "Women's health", is primarily concerned with diagnosing and treating illnesses and ailments that harm a woman's health. Ovarian cancer, breast cancer, cervical cancer, menopause, and pregnancy are just some of the Women's health conditions that can be screened for, tested for, or diagnosed using the Women's health diagnostic technique, which also includes monitoring these conditions. A wide variety of testing is available for diagnosing disorders affecting Women's health.

Medical diagnostics equipment, such as biopsy devices, imaging and monitoring systems, mammography systems, and others, detect cancer, remove obstructions, and take images of internal organs, which help screen and diagnose disease. Other diagnostics devices include: The diagnostic procedure comprises testing for breast cancer, testing for cervical cancer, prenatal genetic screening and testing for carriers, testing for pregnancy and ovulation, and testing for ovarian cancer. It is vital to make use of tests for screening for and detecting a variety of illnesses to avoid complications and improve one's quality of life. Tests of one's health are necessary to enhance one's health and avoid and treat significant disorders.

The increasing prevalence of chronic and lifestyle-related ailments, the growing number of imaging and diagnostic facilities, and the increased adoption of point-of-care and rapid diagnostic tests all contribute to the rapid expansion of the market.

Market Dynamics

Global Women's Health Diagnostics Market Drivers

• High frequency of infectious illnesses among females

POC tests and other diagnostic procedures are frequently utilized during routine HIV testing on patients. With a quick point-of-care HIV test, medical professionals can offer patients results and an HIV status assessment within the same visit. Patients do not need to be counselled before and after the test like they often are during conventional laboratory analysis because it is not required. Women have a greater risk of developing HIV and other sexually transmitted illnesses (STDs) and the long-term problems associated with these infections. More than half of the cases of infertility that could have been prevented are attributable to sexually transmitted diseases (STDs) in the United States. The vast majority of sexually transmitted diseases are capable of being passed on to the developing foetus or newborn, which can sometimes have deadly results. Rapid point-of-care testing can enhance the management of infectious diseases such as HIV, urinary tract infections (UTIs), and tuberculosis, particularly in developing nations where obtaining prompt medical care can be difficult and where the healthcare infrastructure is ageing.

• Rising cases of breast cancer among women

Certain diseases, such as osteoporosis, menstrual disorders, cancer, and autoimmune diseases, are more common in women. Menopause, infertility, polycystic ovarian syndrome, and some malignancies, such as breast cancer and cervical cancer, as well as urological issues, are among the primary ailments. Physicians can now provide the proper treatment at the right time, thanks to the rise in innovative solutions for Women's health. Diagnostics are essential in the industry, from cervical cancer screening to infertility support, prenatal testing, pregnancy care, breast and ovarian cancer diagnosis, and bone health management.

The Women's health diagnostics market is expanding as the prevalence of osteoarthritis, ovarian, breast, and cervical cancer rises. Breast cancer is the most frequent disease in women and the second most common cancer in the world. Globocan 2020 estimates that 2,261,419 new breast cancer cases will be diagnosed in 2020. Increased sales of test kits for home use have resulted from the rising number of instances, likely to fuel the market's revenue growth over the forecast period. Increased use of point-of-care diagnostic testing and the wide availability of diagnostic imaging equipment is expected to drive market growth.

Global Women's Health Diagnostics Market Opportunities

• Increasing numbers of government approval for immunoassay diagnostic techniques

When it comes to detecting a variety of illnesses that affect women, immunoassays are a prevalent sort of technology and platform. Recently, numerous new immunoassays have been approved for use by the FDA or the CE Mark. The following is a list of several examples:

• The United States Food and Drug Administration (FDA) approved in September 2019 for Roche Diagnostics Ltd. (Switzerland) to utilize its Cobas 6800 and Cobas 8800 Systems to conduct the viral load tests for cobas HBV and cobas HCV.
• Alere, Inc. (the US) was awarded the IVD CE Mark for its Alere q HIV-1/2 Detect assay in March of 2018. This assay is part of a revolutionary molecular diagnostic platform that provides point-of-care access for the sensitive detection of HIV in mothers and infants.
• POC testing can identify the HIV p24 antigen and antibodies to HIV-1 and/or HIV-2 if Alere's Determine HIV-1/2 Ag/Ab Combo has been used. This approval came from the FDA in July 2018 and was given to Alere.

Global Women's Health Diagnostics Market Restraints

• Excessive costs associated with diagnostic imaging technologies and procedures

Most hospitals in developing nations do not have the financial means to purchase expensive diagnostic imaging technology. The price of an MRI machine can range anywhere from around 1.5 million to 2.0 million US dollars. In contrast, the price of a CT machine can range anywhere from approximately 1 million to 1.5 million US dollars. Healthcare facilities such as hospitals and diagnostic centres are hesitant to invest in sophisticated equipment due to the high cost of these systems and the limited financial resources of hospitals. Healthcare institutions that purchase these pricey systems frequently rely on reimbursements from third-party payers (such as Medicare, Medicaid, or commercial health insurance plans) to cover the expenses of diagnostic and screening operations that are carried out using these devices.

Regional Analysis

Based on regions, the market is classified into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. North America dominated the market.

Because of the increasing prevalence of cancer among women, increased incidence of lifestyle-related illnesses, high adoption of technologically sophisticated devices, new launches, and government initiatives, North America is likely to hold a significant market share. Key market players with technologically improved Women's health diagnostics products are expected to help drive regional expansion. Lia, for example, introduced the world's first flushable and biodegradable pregnancy test in March 2021. Lia's pregnancy tests are constructed entirely of plant fibres and contain no plastic, allowing them to biodegrade in just ten weeks.

Better healthcare infrastructure, increasing knowledge of Women's health conditions, and female engagement in the workforce are expected to boost the regional market's growth. The regulatory authority's clearance is also encouraging the market's expansion in the region. For example, Paragon Biosciences LLC formed Qlarity Imaging LLC in July 2019, intending to use artificial intelligence (AI) to improve medical results. Qlarity Imaging will create QuantX, one of the first FDA-approved computer-aided breast cancer diagnosis systems in radiography. The market is growing due to such approvals for technologically improved diagnostics products.

Segmental Analysis

The global Women's health diagnostics market is broken down into four parts based on types, applications, end-users and regions.

By Types Analysis

Further, the segments are divided into sub-segments. The market is broken down into diagnostic devices and diagnostic tests based on types. Diagnostic devices are further classified into Biopsy Devices and Imaging & Monitoring systems. Diagnostic tests are divided into Breast Cancer Testing, PAP Smear (PAP) and HPV Test, Pregnancy Testing and Ovulation Testing and Other Diagnostic Tests.

In 2020, the diagnostic testing segment contributed the most to the market. The Women's health diagnostics market for tests is driven by an increase in the prevalence of various health-related disorders among women, such as cancer and infertility, as well as increased awareness about Women's health-related tests, high demand for point-of-care diagnostic testing, and the development of numerous diagnostic & imaging centres.

By Applications Analysis

Based on applications, the market is split into Infectious Disease Testing, Sexually Transmitted Disease Testing, Osteoporosis Testing, Pregnancy and Fertility Testing, Breast Cancer and Other Applications.

By End-Users Analysis

According to end-users, the market is divided into Home Care and Hospital & Diagnostics Centres. The segment that contributes the most to the market is hospitals and diagnostic centres. The growth in breast and ovarian cancer incidence has resulted in a significant increase in hospitalizations.

Impact of covid-19

The automotive industry is critical to the economy's growth. However, during the second and third quarters of 2020, the COVID-19 outbreak impacted the whole automotive supply chain, affecting new car sales in FY 2020.

South America is most affected by COVID-19, with Brazil leading the way, followed by Ecuador, Chile, Peru, and Argentina. South America's government (SAM) has taken a number of steps to protect its citizens and stem the spread of COVID-19. South America is expected to have fewer export revenues as commodity prices fall and export volumes fall, particularly to China, Europe, and the United States, which are all significant trading partners. The manufacturing industry, especially automotive manufacturing, has been damaged by containment measures in various South American countries. Due to the pandemic, major automotive manufacturers have also temporarily halted manufacturing in the region as a cost-cutting move. Furthermore, the automobile disc brake industry has been significantly affected in 2020 due to a lack of raw materials and supply chain disruption.

The Automotive Brake System control module of a vehicle is meant to alert the driver with a warning light if the system fails. The module itself is rarely defective; instead, the sensors or the wiring to the sensors are frequently defective. The most typical cause of dysfunction is when the Automotive Brake System is contaminated with particles or metal shavings. There is no signal continuity when sensor wiring is destroyed. Brake fluid becomes contaminated in corrosive situations, and the hydraulic unit fails to function.

Recent Developments

• June 2022, the rate of hepatitis C (HCV) antibody screening increased 145 per cent in pregnant people during the decade-long study period ending June 2021, according to a new Quest Diagnostics Health Trends® study developed in collaboration with the Centres for Disease Control and Prevention (CDC). However, the rate is still low, with nearly 41 per cent of pregnant people receiving screening in early 2021.
• In June 2022, at Euroanaesthesia 2022, Mindray unveiled the TEX20 Series, a best-in-class Point of a Care ultrasound system that has redesigned the linked patient status assessment process in difficult conditions requiring critical care and emergency medicine.