Femtech Market

Market Overview

Femtech industry is a segment of broader healthcare sector which deals specifically with female biological needs using smart devices and technologies. The main purpose of this market is to establish women’s health requirement and needs as it works toward developing targeted solutions round critical medical aspects such as pregnancy, fertility, and menstrual cycle. Relatively it is a new market and the term ‘Femtech’ was formulated in 2016. Main focus of the femtech companies is related to female specific issue, it also encompasses general health conditions that tend to affect women in a manner different from how they may impact men. For instance, conditions such as osteoporosis tend to affect men and women in different ways. Factors such as advancement in artificial intelligence virtual assistance, adoption of digital health solutions, and growth in investments and funding in in femtech industry are expected to contribute largely to the growth of studied market. The femtech market is expected to witness the growth in the forecasting period due to factors such as overall increasing demand for digital health solutions, product innovations and increased demand for reproductive health. One of the important factors in this market is smart wearable devices which have the growing ability which significantly contributes to the market development and growth.

Femtech Market Size

Report	Details
Market Size Value	USD 5.1 Billion in 2023
Market Size Value	USD 16.31 Billion by 2030
CAGR	15.6%
Forecast Period	2024-2032
Base Year	2023
Historic Data	2020

Major key players in the global femtech market are HeraMED, Sera Prognostics, iSono Health, Flo, Health, Inc., Elvie, Gennev, Ava, Thinx, Flo Health, Modern Fertility, Ovia Health, Natural Cycles, Withings, Fitbit Inc.,Others.

Increasing demand for personalised healthcare solutions

The global femtech market is increasing demand for personalised healthcare solutions. The arrival of femtech industry has been a game-changer in addressing women’s specific health needs with tailored technologies which is reshaping the entire landscape of healthcare for women. The increasing demand for personalised healthcare in femtech is a reflection of deep-seated shift in the healthcare industry which recognizes and addresses the unique needs of women. This driver has the ability to revolutionize women’s health which is focused on individualized care that is proactive as well as preventive. Technological advancements like AI are making it possible to develop femtech applications with improved diagnostic accuracy for women’s health conditions which leads to more women adopting these digital heath tools.

Market Dynamics

Drivers:

• Rising demand for quality medical care in women in female population
• Rising access to technology and smartphones which creates higher demand
• Increasing demand for personalised healthcare solutions

Opportunities

• Increasing research-oriented developments in the femtech industry
• Rising number of patients with postpartum depression
• Increased awareness regarding the health among the women across the globe.

Increasing research-oriented developments in the femtech industry

The global femtech market will benefit from research and development-oriented approaches adopted by service providers. Companies are increasingly spending on improving user experience and safeguarding sensitive information. Additionally, more players are entering the market thus allowing consumers access to a large pool of options meeting their specific medical needs. Researchers are utilizing artificial intelligence and big data analysis to create personalized femtech solutions. For instance, AI can analyze menstrual cycle data to identify potential health concerns. Research is ongoing to to integrate wearable tech with femtech solutions. Femtech research is exploring software-based programs used to manage or treat medical conditions which could involve apps for managing PCOS symptoms or monitoring pregnancy health.

The femtech market is dominated by North America

Technologies like smart wearable devices and mobile health applications for tracking health awareness got rapid popularity in North Ameica. Increasing adoption of smart wearable devices and mobile health application for health tracking coupled with awareness and health consciousness toward preventive care is expected to drive the growth of North American femtech market. Increasing healthcare IT spendings, advancing digital health infrastructure and government initiatives are the factors which are driving the market growth.

Asia-Pacific is expected is register the fastest growth rate over the forecasting years. The Asia-Pacific femtech market is driven by increased demand for effective health technologies which are coupled with increasing smartphone and wearable devices penetration, improving internet coverage, growing digital infrastructure and growing health consciousness. Some government agencies are making efforts to promotes advancements in mobile health technologies by providing digital health technology roadmaps, providing improved 3G and 4G network infrastructures and formulating policies that would attract investments in the region.

Reproductive health segment is anticipated to hold the largest market share during the forecast period

Current trend of becoming pregnant at later age among the women owing to an increased focus on careers and late marriage. Various factors such as older age of women and environmental and environmental factors which contribute to increase in the number of women experiencing trouble before, during or after pregnancy. Thus, demand for femtech solutions for reproductive health is expected to grow. Increase in investment toward reproductive health-related apps, devices and the initiatives taken by major governments worldwide is also expected to propel the segment growth. These initiatives are anticipated to drive the segmental growth. Thus, owing to the factors such as increasing infertility among women and product developments, the segment is predicted to witness growth during the forecasting period.

Major Segmentations Are Distributed as follows:

• By Type

• Devices
• Software
• Service
• Others

• By Applications

• Reproductive Health
• Pregnancy And Nursing Care
• Pelvic And Uterine healthcare
• General Healthcare And Wellness
• Menstruation Care
• Others

• By Products

• Wearable Devices
• Mobile Applications
• Others

• By Service

• Diagnostics, Monitoring
• Therapeutic
• Others

• By End Use

• Diagnostics Centers
• Surgical Centers
• Hospitals
• Fertility Clinic
• Direct To Consumers
• Others

• By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
    • Peru
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • BENELUX
    • CIS & Russia
    • Nordics
    • Austria
    • Poland
    • Rest of Europe
  • Asia Pacific

• • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Vietnam
  • Australia & New Zealand
  • Rest of Asia Pacific

• • Middle East & Africa

• • Saudi Arabia
  • UAE
  • South Africa
  • Nigeria
  • Egypt
  • Israel
  • Turkey
  • Rest of MEA

Recent Developments

• November 2023, Bayer and CrossBay Medical announced a partnership to develop a new intrauterine system inserter. The new inserter will have the aim of reducing the pain experienced by women during IUS insertion.
• November 2023, GE launched the MyBreastAi platform. The platform offers AI capabilities in mammography.
• October 2023, market player Femfeel was acquired by pharmaceutical giant MEDICE Health Family. By means of the acquisition, MEDICE Health Family entered the market.

Answers to Following Key Questions:

• What will be the femtech market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the femtech market?
• What are the main forces behind worldwide femtech market? Which companies dominate femtech market?
• Which companies dominate femtech market? Which business possibilities, dangers, and tactics did they embrace in the market?
• What are the global Insight Engines industry's suppliers' opportunities and dangers in femtech market?
• What is the Insight Engines industry's regional sales, income, and pricing analysis? In the femtech market, who are the distributors, traders, and resellers?
• What are the main geographic areas for various trades that are anticipated to have astounding expansion over the femtech market?
• What are the main geographical areas for various industries that are anticipated to observe astounding expansion for femtech market?
• What are the dominant revenue-generating regions for fetch market, as well as regional growth trends?
• By the end of the forecast period, what will the market size and growth rate be?
• What are the main femtech market trends that are influencing the market's expansion?
• Which key product categories dominate femtech market? What is femtech market’s main applications?
• In the coming years, which femtech market technology will dominate the market?