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(May 18, 2017)
The research study covers the present scenario and growth prospects of the global womens health diagnostics market for 2017-2021. The report further segments the market based on application (cancer, UTIs, gynecology and fertility, and osteoporosis), end-user (clinical diagnostics laboratories, hospitals, home-care settings, and ASCs) and geography (the Americas, APAC, EMEA, and ROW).
Advancement in technology, increasing awareness of the advantages of POCT, and greater reimbursement policies will drive the women's health diagnostics market. The rising incidence of cancer cases owing to smoking and lifestyle is increasing the adoption of women's health diagnostics in regions such as the Americas and EMEA. APAC is also expected to show considerable growth due to the increased use of home-care setting for HPV and pre-natal testing and rise in breast cancer cases.
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Technavio analysts highlight the following three factors that are contributing to the growth of the global womens health diagnostics market:
- Reimbursements for human papillomavirus (HPV) tests
- Rise in breast cancer screening
- Increasing gynecological diseases in older women
Reimbursements for human papillomavirus (HPV) tests
Coverage for HIV testing is provided by most insurance companies in the US and Europe. In the US, Medicaid and private healthcare in Maryland, Texas, New Mexico, West Virginia, North Carolina, and California cover HPV testing as recommended by medical regulatory authorities. The test is routinely used by women aged 30 years and above and as a follow-up to an inconclusive Pap test result for women of all ages.
Barath Palada a lead in-vitro diagnostics research analyst at Technavio, says, ?Growing reimbursements in the Americas and EMEA will help increase the market adoption of diagnostic products. Though APAC is a potential region in this market owing to the growing prevalence of cervical cancer, due to lack of reimbursements, the adoption of HPV testing is low in the market. However, by developing low-cost products and conducting cervical cancer screening programs, manufacturers can increase their market share, which can impact the market growth positively.
Rise in breast cancer screening
Lifestyle changes and rise in smoking rate has increased the incidence of breast cancer among women across the world. According to OECD (2015), one in 9 women acquires breast cancer in their lifetime. Most OECD countries such as Czech Republic, India, and China have adopted breast cancer screening programs, which help in the detection of cancer cases with the use of mammography units.
?In most of the countries in the Americas and EMEA, reimbursements are provided for mammograms and diagnostic ultrasound imaging. Invenia ABUS is widely used for breast imaging in women for the detection of cancer, says Barath.
Increasing gynecological diseases in older women
Higher prevalence of developing cyst or mass formation in the uterus is found among women who are undergoing menopause. It is also common in middle-aged women (40-50 years old). Formation of cysts in the uterus and ovarian cancer are linked to each other. Post-menopausal cysts can increase the risk of ovarian cancer. The increasing number of cancer cases contribute to the increased use of gynecological surgical devices for the treatment of cancer and gynecological problems.
- Abbott Laboratories
- F. Hoffmann-La Roche
- Siemens Healthineers
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