The global mother and child healthcare market is projected to grow significantly in the coming years, owing to the increasing awareness among women regarding the importance of prenatal, birthing, and postnatal services. The market is segmented based on services, maternal age, location, and region.
In 2021, the market for mother and child healthcare was expected to be worth USD 575 billion. By 2030, it is anticipated to reach USD 1,795.9 billion, expanding at a CAGR of 13.7%. (2022–2030).
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Segmental Analysis Of Mother and Child Healthcare Market
By services, the market is segmented into prenatal services, birthing services, postnatal services, and fertility services. The prenatal services segment is expected to dominate the market in the coming years, due to the increasing number of prenatal check-ups and growing awareness about the importance of prenatal care.
Based on maternal age, the market is segmented into under 20, 21 to 30, 31 to 38, and 39 and above. The 21 to 30 segment is expected to grow significantly, owing to the increasing number of women in this age group opting for mother and child healthcare services.
By location, the market is segmented into hospitals, nursing homes & clinics, in-home services, and online. The hospitals segment is expected to dominate the market in the coming years, due to the increasing number of deliveries taking place in hospitals.
By regions, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the market in the coming years, owing to the increasing number of prenatal and postnatal care facilities in the region.
Market drivers:
Increasing awareness about the importance of prenatal, birthing, and postnatal services
Growing number of deliveries taking place in hospitals
Increase in the number of prenatal check-ups
Market opportunities:
Increasing number of women opting for mother and child healthcare services
Growing demand for in-home services
Growing number of online mother and child healthcare services
Market restraints:
High cost of mother and child healthcare services
Lack of awareness about the importance of prenatal, birthing, and postnatal services in some regions
In conclusion, the global mother and child healthcare market is expected to grow significantly in the coming years, owing to the increasing awareness about the importance of prenatal, birthing, and postnatal services, as well as the growing demand for in-home and online services.
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