India Women's Health Market Analysis

India Women's Health Market Analysis


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India's women’s health market is projected to grow from $0.726 Bn in 2022 to $1.325 Bn by 2030, registering a CAGR of 7.80% during the forecast period of 2022-2030. The increasing number of working women in India is driving the women's health market as they have more disposable income and need health care services. Some key players in the India Women's Health market include Apollo Hospitals, Manipal, and Medanta.

ID: IN10INPH026 CATEGORY: Pharmaceuticals GEOGRAPHY: India AUTHOR: Shivam Zalke

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India Women’s Health Market Executive Summary

India's women’s health market is projected to grow from $0.726 Bn in 2022 to $1.325 Bn by 2030, registering a CAGR of 7.80% during the forecast period of 2022-30.

The year 2022 estimates that India's overall GDP would be $3.2 Tn, which is a staggering amount that makes India a major global economy. It is the world's sixth-largest economy, and it has undergone significant economic development in recent decades. Some of the key characteristics of the Indian economy include:

  1. High growth rate: India has one of the highest economic growth rates in the world, driven by factors such as a large population, a growing middle class, and a focus on service-oriented industries.
  2. Mixed economy: India has a mixed economy, which is a combination of public and private sectors, and it has been gradually moving towards a market-oriented economy.
  3. Export-oriented economy: India is a major exporter of goods and services, and exports play a significant role in driving economic growth.
  4. Rapid urbanization: India's population is becoming increasingly urbanized, with a large number of people moving from rural areas to cities in search of better economic opportunities.
  5. Rapid technological advancement: India has been investing heavily in technology and innovation, and it is becoming a major player in areas such as artificial intelligence, 5G, and renewable energy.
  6. Growing income inequality: Despite the overall economic growth, income inequality in India has been on the rise in recent years.

The Indian economy has been impacted by the COVID-19 pandemic, which caused a sharp contraction in economic activity in the first half of 2020. The country rebounded quickly and is expected to continue growing in the coming years, although some sectors may continue to face challenges.

The Indian women's health market is a rapidly growing industry, driven by factors such as increasing awareness of the importance of women's health, rising disposable income, and government initiatives to improve healthcare accessibility and quality for women. Products and services in this market include gynecological and obstetric care, maternal and child health, contraception, and menopause management. However, there are still significant challenges facing the Indian women's health market, including a lack of qualified healthcare professionals, inadequate healthcare infrastructure, and a lack of insurance coverage for certain treatments. Additionally, cultural barriers, a lack of education and information regarding women's health, and a lack of female healthcare professionals in rural areas are also hindering the growth of the market. The Indian women's health market is expected to continue to grow in the coming years, driven by increasing demand and government support.

india women's health market analysis

Market Dynamics

Market Growth Drivers

The key drivers of the India women's health market include:

  1. Aging population: As the population ages, there is an increasing demand for healthcare services and products that address the specific health concerns of women.
  2. Increasing disposable income: As incomes rise, more women are able to afford the cost of healthcare services and products, which is driving growth in the market.
  3. Growing awareness of the importance of women's health: There is an increasing awareness of the importance of women's health in India, which is driving demand for products and services that address women's health concerns.
  4. Government initiatives: The Chinese government has launched a number of initiatives to improve healthcare accessibility and quality for women, which is supporting growth in the market.
  5. Urbanization: Urbanization has increased the accessibility of healthcare services and products for women, which is driving growth in the market.
  6. Increasing numbers of working women: The increasing number of working women in India is also driving the women's health market as they have more disposable income and need health care services.

Overall, the India Women's Health market is expected to continue growing in the coming years, driven by increasing demand and government support.

Competitive Landscape

Key Players

There are several key players in the India women's health market, including:

  • Apollo Hospitals Enterprise Limited: One of the largest healthcare providers in India, Apollo Hospitals offers a wide range of women's health services including gynecology, obstetrics, and maternal and child health
  • Fortis Healthcare: Fortis Healthcare is one of the leading healthcare providers in India, with a strong focus on women's health services
  • Max Healthcare: Max Healthcare is a leading provider of women's health services in India, offering a range of services including gynecology, obstetrics, and maternal and child health
  • Wockhardt Hospitals: Wockhardt Hospitals is a leading provider of women's health services in India, with a focus on gynecology, obstetrics, and maternal and child health
  • Medanta: Medanta is one of the leading healthcare providers in India, with a strong focus on women's health services, and is known for its high-quality medical care
  • Manipal Hospitals: Manipal Hospitals is a leading provider of women's health services in India, with a focus on gynecology, obstetrics, and maternal and child health
  • Narayana Health: Narayana Health is one of the largest healthcare providers in India, with a strong focus on women's health services

These are some of the major players in the Indian women's health market, but there are many other private and public hospitals and clinics that are providing quality healthcare services to women.

Healthcare Policies and Regulatory Landscape

India has several healthcare policies and regulations in place that impact the women's health market. Some of the key policies and regulations include:

  1. National Health Policy 2017: This policy aims to provide universal health coverage and improve the overall quality of healthcare in India, with a focus on maternal and child health, as well as reproductive and sexual health.
  2. Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA): This is a government initiative that provides free ante-natal check-ups for pregnant women at government health facilities.
  3. Pradhan Mantri Jan Arogya Yojana (PMJAY): This is a government-funded health insurance scheme that provides coverage for a wide range of medical treatments, including those related to women's health.
  4. National Health Mission (NHM): This is a government initiative that aims to improve the overall health and well-being of the population, with a focus on maternal and child health.
  5. Medical Termination of Pregnancy Act, 1971: This act regulates the termination of pregnancy in India and aims to ensure that the process is safe and legal.
  6. The Pre-Conception and Pre-Natal Diagnostic Techniques (Prohibition of Sex Selection) Act, 1994: The act prohibits sex-selective abortion and regulates the use of prenatal diagnostic techniques to ensure that they are not used for sex-selective purposes.

These policies and regulations are aimed at improving the accessibility, affordability, and quality of healthcare for women in India. However, there are still several challenges, such as inadequate healthcare infrastructure, lack of qualified healthcare professionals, and cultural barriers that need to be addressed.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Women's Health Market Segmentation

By Product Type (Revenue, USD Billion):

  • Devices
  • Drugs

By Application (Revenue, USD Billion):

  • Contraceptives
  • Postmenopausal Osteoporosis
  • Hormonal Infertility
  • Menopause
  • Endometriosis
  • Polycystic Ovary Syndrome (PCOS)
  • Others

By End-Users (Revenue, USD Billion):

  • Hospitals & Clinics
  • Obstetrics & Gynaecology Centers
  • Ambulatory Surgical Centers
  • Research Institutes
  • Others

By Drug (Revenue, USD Billion):

  • EVISTA
  • XGEVA
  • Prolia
  • Mirena
  • Zometa
  • Reclast/Aclasta
  • Minastrin 24 Fe
  • NuvaRing
  • FORTEO
  • Premarin
  • ACTONEL
  • ORTHO TRI-CY LO (28)

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 30 May 2023
Updated by: Shivam Zalke

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