Transformative Growth: Maternal Health Market Predicted to Reach 14.50% CAGR by 2030

The Maternal Health Market is a crucial and dynamic sector within the global healthcare industry that is primarily focused on addressing the well-being and healthcare needs of expectant mothers and their newborns. With an increasing emphasis on women's health and the recognition of the significant impact maternal health has on the overall population, this market has garnered significant attention from governments, healthcare organizations, and private companies alike. The key objectives of the Maternal Health Market are to improve access to high-quality prenatal care, reduce maternal and infant mortality rates, and enhance the overall health outcomes for mothers and their babies. As the world continues to witness technological advancements, changing demographics, and evolving healthcare policies, the Maternal Health Market remains at the forefront of efforts to ensure healthier and safer pregnancies for women across the globe.

The global Maternal Health Market size was estimated at USD 23.76 billion in 2023 and is projected to reach USD 61.30 billion in 2030 at a CAGR of 14.50% during the forecast period 2023-2030.

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The market is segmented on the basis of type, type of pregnancy, complications, delivery type, application and region. Based on type, the market is divided into Hormones, Nutritives, Analgesics, Anti-Infectives, Others. By type of pregnancy, the market is segmented into Intrauterine, Ectopic, Tubal, Others. Based on complication the market is divided into Miscarriage, Premature Labor and Birth, Others. Based on delivery the market is bifurcated into Vaginal Delivery, Cesarian Section, Others. On the basis of application, the market is bifurcated into Hospitals, Clinics, Household, Others. Lastly, on the basis of region the market is segmented into, North America, Europe, Asia-Pacific, Middle East and Africa and South America.

Maternal Health refers to the health of women during pregnancy, childbirth, and the postpartum period. It encompasses the physical, mental and social wellbeing of women during these times. Maternal health is important because it affects the health of both the mother and the baby.

There are several factors that can affect maternal health such as age of the mother, socioeconomic status, location, access to healthcare, lifestyle choices. Maternal Health is a global issue in which, every year, millions of women die from preventable causes related to pregnancy and childbirth. However, there has been progress in recent years. The Maternal Mortality Ratio (MMR) has fallen by 45% since 1990.

The maternal health market is a growing market, driven by the rise in pregnancies, rising awareness of maternal health benefits, and rapid advancements in healthcare sector. The market is also expected to benefit from the rising birth rates and disposable income in developing countries.

The prominent players in the Global Maternal Health market are

Johnson & Johnson Private Limited
Jiovio Healthcare
McKesson Corporation
MedTech Boston
Merck & Co., Inc.
RAND Corporation
SYNAPSE Product Development
International Federation of Pharmaceutical Manufacturers & Associations
Siemens
Agile Therapeutics
Fuji Latex Co
Okamoto Industries Inc.
Reckitt Benckiser Group Plc
Sanofi
Arrowhead Regional Medical Center
Cloudnine Group of Hospitals
Carle Foundation Hospital
Ann & Robert H. Lurie Children's Hospital of Chicago
King Faisal Specialist Hospital and Research Centre
Apollo Hospitals Enterprise Ltd

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Maternal Health Market Key Findings:

The global maternal health market, based on type of pregnancy, is segmented into Intrauterine, Ectopic, Tubal, Others. Intrauterine segment dominated the market is 2022. This can be attributed to the rising preference for and understanding of maternal health.

Based on complication, the market is bifurcated into Miscarriage, Premature Labour and Birth, Preeclampsia, Gestational Diabetes, Placenta Previa and Others. Miscarriage segment dominated the market in 2022 due to increased need for maternal health care caused by the rise in miscarriages globally.

Based on application, the market can be segmented into hospital-based services, clinics-based services, household-based services and others. Hospital based services led the market due to the fact that hospitals are the most common location for maternal health care, and they offer a wide range of services, including, pre-natal care, birthing care, post-natal care, and fertility care.

Based on type, the market can be bifurcated into Hormones, Nutritives, Analgesics, Anti-Infectives, Others. Hormones led the market in the type segment due to the fact that hormones are used to treat a variety of conditions during pregnancy, such as gestational diabetes, preeclampsia, and preterm labour. Hormones are also used to help prevent miscarriage to promote foetal growth.

Based on risk of pregnancy, the market is segmented into high and molar. High risk pregnancy led the market in this segment due to the fact that they are more likely to have complications, and they require specialized care.

Based on delivery type, the market is divided into vaginal delivery, caesarean section and others. Vaginal delivery led the market in this segment due to the fact that vaginal delivery is the most common type of delivery and is considered to be the safest option for most women.

The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia Pacific is estimated to account for the largest market share during the forecast period. This is due to a number of factors such as parents' increased willingness to consult super specialists, the expansion of region's developed healthcare infrastructure, and ongoing research efforts for the development of cutting-edge technology and services.

Regional Analysis

Asia Pacific to Dominate the Market

Asia Pacific is estimated to account for the largest market share during the forecast period. This is due to a number of factors such as parents' increased willingness to consult super specialists, the expansion of region's developed healthcare infrastructure, and ongoing research efforts for the development of cutting-edge technology and services.

China's maternal health market heled the largest share within the region in 2022, whereas India's maternal health market is expected to rapidly grow during the forecast period.

Recent Developments

In May 2022, Mirvie raised a total of USD 90 million following the closing of its series B funding. The funding encouraged Mirvie's continued clinical and commercial development of the proprietary Mirvie RNA platform, which is the first to predict preeclampsia and preterm birth months before they happen by revealing the underlying biology of each pregnancy.

In April 2022, A new prenatal test, called STORK (Short-read Transpore Rapid Karyotyping), was developed by researchers at Columbia University Fertility Center that can determine if a fetus or embryo has the right number of chromosomes at a fraction of the time and cost of currently available clinical genetic tests. The test can be used in the doctor's office at the point of care, delivers results in under two hours, and is about 10 times less expensive to process per sample than current tests.

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This release was published on openPR.