HealthcareAugust 5, 2023

Global Women’s Digital Health Market

As stated in our extensive report, the Global Women’s Digital Health Market accounted for USD 1.8 Billion in 2022 and is projected to reach a value of USD 6.4 Billion by 2030.

Various reasons have contributed to the consistent expansion of the worldwide Women’s Digital Health Market in recent years. First off, it is now simpler for women to get information and resources on health issues that are unique to them, thanks to the rise in the number of women-friendly health apps. Women can now monitor their health and well-being and make wise lifestyle decisions thanks to the emergence of wearable technology, such as smartwatches and activity trackers. The need for preventative care and routine health checks is becoming increasingly recognized by women, which has helped the industry expand. In addition, the growth of female-led companies and businesses offering digital health solutions has fostered innovation and a growing market. These characteristics suggest that the Women’s Digital Health market has a promising future.

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Key factors influencing Women’s Digital Health Market Growth

The growth of the global Women’s Digital Health market can be attributable to the following:

  1. Chronic diseases are becoming more common, fueling the demand for digital health solutions. Examples of chronic diseases among women include diabetes, heart disease, and cancer. The market for Women’s Digital Health is anticipated to expand in response to the demand for these diseases’ management, monitoring, and self-care promotion.
  2. Because of the ongoing development of technology, sophisticated, user-friendly, and affordable digital health solutions specially tailored for women are now possible. These options include wearables, telemedicine services, personalized wellness programs, and smartphone apps, all of which are assisting in the expansion of the market for Women’s Digital Health.
  3. Increased patient participation is fueling the expansion of the digital health business as people become more aware of the value of women’s health and wellness. In order to track their health, obtain medical services, and stay up to date on their health situation in real time, women are more inclined to adopt digital health solutions.
  4. Digital health technologies that track fertility and pregnancy are in high demand. The market for Women’s Digital Health is expanding due to the increasing demand from women for digital health solutions that can track menstrual cycles, predict ovulation, and monitor maternal health during pregnancy.
  5. Rising healthcare expenditures are also impacting the expansion of the Women’s Digital Health business. Digital health solutions offer economical alternatives to traditional healthcare and give patients an easy, accessible, and convenient way to get medical care. As more women look for affordable healthcare options, the market for Women’s Digital Health is anticipated to expand.

North America Region to Lead the Market

North America Women’s Digital Health market is getting more notable, with the highest market sales during the projected period. The area is proud of its sophisticated technology, superior infrastructure, and adoption of electronic health records, all of which have fueled the market for Women’s Digital Health. The rise of women’s health startups, the rising frequency of chronic diseases among women, and measures by federal organizations to raise awareness about digital health have all contributed to the market’s expansion. Additionally, compared to other regions, North America has a greater rate of technology adoption, making it a prime market for businesses wishing to enter the Women’s Digital Health industry. Additionally, the area is known for its highly qualified medical experts who are open to using digital health applications.

Conclusion

The overall Women’s Digital Health market sales have been favorably impacted by the increasing prevalence of chronic diseases, technological advancements, increased patient engagement, rising demand for pregnancy and fertility monitoring, and growing healthcare costs.

The well-known players of the Global Women’s Digital Health Market include General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), Analogic Corp. (U.S.), FUJIFILM Sonosite Inc. (U.S.), Siemens Healthcare GmbH (Germany), Medtronic PLC (Ireland), Getinge AB (Sweden), Neoventa Medical AB (Sweden), Natus Medical Inc. (U.S.), OSI Systems Inc. (U.S.), EDAN Instruments Inc. (China), The Cooper Companies Inc. (U.S.), MEDGYN Products Inc. (U.S.), Dixion Technologies Pvt. Ltd. (India), Lutech (Italy) and others.