Published: Mar, 2017
Transparency Market Research notes that the competitive landscape in the global women’s health rehabilitation products market to be highly fragmented due to the presence of several players. A strong foothold of local players in the global market is expected to intensify the competition in the coming years, note analysts. These players are expected to increase investments in research and development of novel products, emphasize on product innovation, and focus on mergers and acquisitions to stay ahead of the competition.
Transparency Market Research states that the global women’s health rehabilitation products market will surge at a CAGR of 5.0% between 2016 and 2024. By the end of 2024, the global market is expected to be worth US$4.2 bn by 2024 from US$2.6 bn in 2015. The growth of the global market is largely attributable to the persistent research and development in women’s health rehabilitation products.
Debilitating Lifestyle Changes Result in Need for Rehabilitation Products for Women
The gradual changes in lifestyles have had a debilitating impact on health over the past few years. These effects have been especially pronounced on women’s health, often resulting in chronic conditions and severe ailments. Thus, the rising incidence of diseases, disorders, and discomfort amongst women have led to a soaring demand for various women’s health rehabilitation products. The research report states that the growing pool of geriatric women population will also boost the demand for these products and services.
The global market is also benefitting from phenomenal changes in technologies, value additions in products and services, and the growing need for mitigating the possibilities of chronic ailments. The demand for women’s health rehabilitation products is especially high in developed countries due to a higher purchasing power when compared to developing nations. The demand for women’s rehabilitation products is expected to surge in the coming years as it is way more affordable when compared to medical rehabilitation, which requires constant monitoring and high assistance. Analysts predict that the high rate of road accidents, breast cancer, maternal deaths, and growing cases of cardiovascular diseases are going to fuel the global market.
North America Emerges as Leading Segment as Awareness amongst Patients Remains High
In terms of geography, the global women’s health rehabilitation products market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Of these, North America has been the largest contributor to the soaring revenue of the global market. The regional market is projected to rise at a CAGR of 4.9% during 2016 and 2024. Europe is expected to follow suit during the forecast period. The rise of both the regions will attributable to the growing number of road accidents and the growth of geriatric population. Asia Pacific has also been assessed as a key regional market due to a huge population base and a strong presence of untapped medical needs. The increasing investments in building and upgrading healthcare infrastructure across Asia Pacific are likely to bode well for the global market in the coming years.
Unaffordability of Rehabilitation Products to Restrain Global Market
The only drawback in the global women’s health rehabilitation products market is the perception towards rehabilitation products and awareness about them. The lack of awareness amongst patients about the wide range of rehabilitation products and their benefits is restraining the growth of the overall market. Furthermore, high pricing of women’s rehabilitation products is also dissuading patients.
This review is based on Transparency Market Research’s report, titled “Women’s Health Rehabilitation Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
The global women’s health rehabilitation products market has been segmented as follows:
- Global Women’s Health Rehabilitation Products Market, by Product
- Urinary Incontinence
- Pelvic Pain
- Pregnancy and Post-partum
- Breast Cancer
- Global Women’s Health Rehabilitation Products Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World
- Latin America
- Middle East & Africa
- North America
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