By 2030, the global medical devices market is poised for a key growth, with the sexual and reproductive health sector believed to encounter robust expansion, revealed report.
The sexual and reproductive health market encompasses a broad range of products, including contraceptives, fertility monitors, pregnancy tests, and devices utilized in gynecological and urological procedures.
Sexual and Reproductive Health Market: Global Report
“Factors driving the growth include increasing awareness and adoption of contraceptive methods, a rise in sexually transmitted infections, and growing demand for innovative and effective reproductive health products,” said Cynthia Stinchcombe, Medical Devices Analyst at GlobalData, in a statement.
In addition, the COVID-19 pandemic also highlighted the need for accessible and effective reproductive healthcare, leading to increased investment in research and development for new products in this market.
“The medical devices market is faced with several challenges, such as ensuring product safety, efficacy, and accessibility. To overcome these challenges, the market should prioritize innovation, research and development, and regulatory oversight,” Stinchcombe said.
She also suggested collaboration between healthcare providers, researchers, and industry stakeholders to ensure that new products meet patients’ specific healthcare needs and are accessible to everyone.
Source: IANS
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