Women Health Devices Market Size

Women Health Devices Market Size

Women Health Devices Market size valued at over USD 26 billion in 2020 and is projected to grow at a CAGR of more than 6.9% between 2021 and 2027. The market growth is attributed to the increasing awareness regarding women wellness along with improving women care in remote areas. Women health has been a growing area of concern and the government is taking up various initiatives to increase awareness regarding women hygiene and wellness in rural areas.

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Increasing burden of chronic and infectious diseases in females is poised to boost the market expansion. Increased consumption of unhealthy food and change in lifestyle will raise the risk of disease. Moreover, lack of awareness regarding genital health and sanitation along with unavailability of well-developed healthcare facilities in underdeveloped countries will drive the industry growth during the forecast period.
 

The global pandemic has affected millions of people worldwide, resulting into high mortality. The pandemic has negatively impacted the market due to limited visits to the healthcare settings. Furthermore, owing to strict regulations related to non-emergency medical procedures and high infection rate, there was decline in hospital visits and scheduled procedures globally during COVID-19 pandemic. However, with growing disease burden and resuming of healthcare services with decline in COVID-19 cases, the market will witness substantial growth in the coming years.