Overview and Scope
The femtech are technology to support women’s health which uses software, diagnostics, products, and services to cater to female biological needs.
Sizing and Forecast
The femtech market size has grown rapidly in recent years. It will grow from $36.52 billion in 2023 to $41.97 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to increasing women’s health awareness, changing societal attitudes and taboos, demand for personalized women’s healthcare, shift in women’s health conversations, empowerment and informed decision-making.
The femtech market size is expected to see rapid growth in the next few years. It will grow to $81.24 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. The growth in the forecast period can be attributed to evolving demographics and aging population, integration of digital health platforms, rise of remote and telehealth services, focus on fertility and reproductive health, preventive and wellness-oriented solutions. Major trends in the forecast period include AI-powered women’s health apps, wearable health devices for women, mental health and wellness apps, digital pelvic floor training, investment in femtech startups.
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Segmentation & Regional Insights
The femtech market covered in this report is segmented –
1) By Type: Devices, Software, Services, Other Types
2) By End Use: Direct-To-Consumer, Hospitals, Fertility Clinics, Surgical Centers, Diagnostic Centers
3) By Application: Reproductive Health, Pregnancy and Nursing Care, Pelvic and Uterine Healthcare, General Healthcare and Wellness, Other Applications
North America was the largest region in the femtech market in 2023. The regions covered in the femtech market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise of digital healthcare is expected to propel the growth of the femtech market. Digital health care technologies use connectivity, software, and sensors for health care and related uses. For instance, in October 2022, according to a report published by the Centers for Disease Control and Prevention, a US-based government agency, 37.0% of adults reported having utilized telemedicine services within the previous 12 months in 2021. Notably, women (42.0%) exhibited a higher likelihood of using telemedicine compared to men (31.7%). Moreover, there was a positive correlation between age and telemedicine usage, with the percentage of adults who engaged in telemedicine rising with age. Specifically, usage rates increased from 29.4% among adults aged 18–29 to 43.3% among adults aged 65 and above. Therefore, the favorable consumer perception and tangible investments in digital health are expected to propel the femtech market growth.
Key Industry Players
Major companies operating in the femtech market report are Totohealth Inc., LifeSense Group, Lumenis Ltd., Maven Clinic, Kindbody Fertility & Women’s Health, Flo Health Inc., Minvera Health Inc., Natural Cycles, NURX Inc., BioWink GmbH, Elvie Inc., Nuvo Group LLC, Lia Diagnostics Inc., Bloomlife Inc., Kasha Global Inc., Proov, Athena Feminine Technologies, Ava Science Inc., Joylux Inc., MedAnswers, OCON Healthcare LLC, Flyte by Pelvital, Inne Inc., Tia Health, Gennev, iSono Health Inc., OOVA Inc., Sera Prognostics Inc., Cora Health Inc., HeraMED Inc., Sustain Natural, LactApp Women’s Health, Trak Fertility, Willow Pump Company, Yono Labs, Zava
The femtech market report table of contents includes:
1. Executive Summary
2. Femtech Market Characteristics
3. Femtech Market Trends And Strategies
4. Femtech Market – Macro Economic Scenario
5. Global Femtech Market Size and Growth
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32. Global Femtech Market Competitive Benchmarking
33. Global Femtech Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Femtech Market
35. Femtech Market Future Outlook and Potential Analysis
36. Appendix
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