May 18, 2024

The Women’s Health App Market Is Driven By Rising Awareness About Women’s Health Issues

Women’s health apps provide various health and fitness tracking features tailored for women. They help track menstrual cycles, monitor symptoms of common conditions like PMS and menopause, log fertility details and provide contraceptive reminders. Some apps also offer professional consultations and health articles written by medical experts. With busy lifestyles and growing preference for telemedicine, these apps provide a convenient way for women to monitor their health from home. They help detect potential issues early and choose appropriate treatment options.

The global Women Health App Market is estimated to be valued at Us$ 3.62 Mn in 2024 and is expected to exhibit a CAGR Of 6.9% over the forecast period 2024 To 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the major trends in the women’s health app market is the growing focus on mental health monitoring features. In addition to physical health tracking, many apps now allow users to track mood, stress levels, sleep patterns and symptoms of anxiety or depression. This helps women better understand fluctuations in their mental well-being corresponding to hormone changes during their cycle. Advanced AI and personalized analytics are also being incorporated to provide more accurate personalized insights. Another key trend is the integration of these apps with wearable devices and health trackers. This allows automatic syncing of metrics like heart rate, steps and activity levels to gain a holistic view of one’s health. Growing privacy and security concerns are prompting app developers to focus more on encrypted data storage and ensure user privacy.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in the women health app market is moderate as developing new apps require significant investment and expertise. However, market growth potential attracts new startups.

Bargaining power of buyers: The bargaining power of buyers is high given the availability of many alternative women health apps. Buyers can switch between apps easily based on features and pricing.

Bargaining power of suppliers: App developers have moderate bargaining power over platform owners as developing quality apps require specialized skills and Switching costs are low for platform owners to find new developers.

Threat of new substitutes: Threat from substitutes is moderate as other mHealth and wellness apps provide some substitute functionality. However, women health needs specialized period, pregnancy and fertility tracking features.

Competitive rivalry: The competitive rivalry is high given many global and regional players. Players compete based on app customization, engagement, security, and pricing.

Key Takeaways

The Global Women Health App Market Demand  is expected to witness high growth at a CAGR of 6.9% during the forecast period due to increasing women health awareness and technological advancements.

North America dominated the market in 2024 with a share of over 35% due to the early adoption of digital health solutions. Europe is also a major region owing to supportive government initiatives for women wellness. Asia Pacific is expected to be the fastest growing region during the forecast period supported by rising healthcare expenditure, growing women population, and increasing penetration of smartphones. China, Japan and India will be key markets in the region.

Key players:

 

Key players operating in the Women Health App Market are Thermo Fisher Scientific Inc., Merck KGaA, Novozymes A/S, QIAGEN N.V., Promega Corporation, Agilent Technologies, Inc., New England Biolabs, Inc., Takara Bio Inc., Bio-Rad Laboratories, Inc., GenScript Biotech Corporation. Players are focused on new product launches and partnerships for gaining higher market shares.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it