The global medical devices market is poised for significant growth in the coming years, with the sexual and reproductive health segment expected to experience robust expansion through 2030,  driven by increasing demand for healthcare services and technological advancements that promote the development of safe and effective products, says GlobalData, a leading data and analytics company.

According to GlobalData Market Size and Growth Analytics tool, the reproductive health devices market is forecast to grow at a compound annual growth rate (CAGR) of 0.5% between 2015 and 2030. 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.

Cynthia Stinchcombe, Medical Devices Analyst at GlobalData, comments: “Factors driving the growth include increasing awareness and adoption of contraceptive methods, a rise in sexually transmitted infections, and a growing demand for innovative and effective reproductive health products. Additionally, the COVID-19 pandemic has further highlighted the need for accessible and effective reproductive healthcare, leading to increased investment in research and development for new products in this market.”

The Sexual and Reproductive Health Awareness Week, February 13 to 17, provides an opportunity to raise awareness about the importance of sexual and reproductive health issues as well as the need for greater access to healthcare services.

Stinchcombe concludes: “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. Collaboration between healthcare providers, researchers, and industry stakeholders is also crucial to ensuring that new products meet patients’ specific healthcare needs and are accessible to everyone.”