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Global Femtech Market to Reach $3.04 Billion by 2025

09-07-2020 11:57 AM CET | Health & Medicine

Press release from: BIS Research

According to the new market intelligence report by BIS Research, "Global Femtech Market - Analysis and Forecast, 2019-2030", the global Femtech market generated a revenue of $820.6 million in 2019 and is estimated to grow over $3.04 billion by the end of 2030. The market is projected to grow at a CAGR of 12.65%, during the forecast period from 2020 to 2030. There are multiple factors that drive the market such as increasing representation of women in the technological community, rising awareness of women’s health, growing prevalence of infectious diseases among females in low to middle-income countries, and surge in funding activities, among others.

Browse 22 Market Data Tables and 88 Figures spread through 203 Pages and in-depth TOC

Despite having huge potential, the Femtech industry is still immensely underfunded accounting for only 1.4% aggregated capital that flows into healthcare. Also, a large number of healthcare venture capitalists are yet to invest in this sector. Indeed, the amount of investment received by the Femtech industry is on a rise but at a surprisingly slow pace considering the potential of the market.
However, the signs of future growth are also quite evident. Five years ago, the amount of funding received by this sector had barely reached about $100 million. The Femtech industry witnessed more than $500 million funding (till 2019). The number of women centric startups have significantly multiplied in the recent years. This surge is also primarily attributed to the launch of fertility tracking app by PayPal co-founder Max Levchin in 2013. The app also witnessed high profile VC funding from agencies such as Andreessen Horowitz and Founders Fund.

Today, a large number of start-ups could be seen in the market offering fertility tracking apps, as well as those focused on egg freezing and fertility treatments, women-centric clinical care and even subscription-based tampons. Some of the top-tier VCs have also entered this field. For example, Kleiner Perkins, has backed a fertility platform called Progyny with a funding of $49 million, while NEA has backed a sexual wellness start-up called Nuelle offering a financial support of $23 million.

Currently, the Femtech industry comprises over 200 start-ups globally, and a significant number of such companies are being led by women. Some of the major areas of women’s health which are being catered to with the help of technology are menstruation care, sexual health, fertility, and pregnancy care. Within these areas, companies are either developing new solutions such as Flex Disc, Thinx absorbent period underwear, or the Glow fertility and ovulation tracker or focusing on technology-based platforms using subscription-based model to democratize existing products such as birth control products and period products.

According to Swarup Chakrabarty, an analyst with BIS Research, “The connected devices are also very popular among women. This space is diverse in terms of application areas and caters to common health issues from fertility (wearable fertility trackers and breast pumps), to internet connected diagnostic or monitoring devices. The segment currently holds 29.62% of the overall market, right after women’s health apps. Although there is a shortage of major mainstream products in this space, device such as Elvie, Ava’s fertility tracking bracelet and OhMiBod’s Lovelife are growing by leaps and bounds with these having 10,000+ downloads each from Android phones from the Google Play store. Also, there is a significant interest from fitness and health companies such as Fitbit to explore the untapped opportunities offered by the femtech industry. For example, it wasn’t until 2018 that Fitbit introduced a period tracking function.”

Research Highlights:

• The services segment is expected to grow at the highest CAGR of 15.58 percent during the forecast period. The growth in this segment is primarily due to emergence of a plethora of start-ups catering to fertility management and support services, egg retrieval and egg freezing services, among many associated services. Some of the companies include Kindbody, Modern Fertility, and Prelude Fertility.

• Apps such as pregnancy and fertility tracking apps form the major component of the femtech market currently accounting for an estimated 62.28% of the entire femtech market. The apps segment is expected to reach a value of $1.78 billion by the end of 2030, growing at a CAGR of 12.05%, during the forecast period.

• As of 2019, reproductve health is the largest area of application for the femtech market. The segment accounts for an estimated 56.13% of the overall market. There is a plethora of apps for tracking periods and the menstrual cycle, such as Clue and Flo.

• From an end user perspective, individuals women account for an estimated 66.09% of the overall market. However, during the forecast period, fertility clinics followed by hospitals are expected to grow at the highest CAGRs of 13.38% and 13.31%, respectively. The growth from the fertility clinics is anticipated considering the huge funding of start-ups providing fertility-related services such as IVF and IUI to get pregnant, or for egg preservation.

Request for Sample Report:

This market intelligence report provides a multidimensional view of the global Femtech market in terms of market size and growth potential. This research report aims at answering various aspects of the global Femtech market with the help of key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The study considers the growth-share matrix model for a comprehensive study of the global Femtech market and assesses the factors governing the same.
Furthermore, the competitive landscape chapter in the report explicates the competitive nature of the global market and enables the reader to get acquainted with recent market activities such as product launches, partnerships, collaborations, funding as well as mergers and acquisitions etc. The research report provides a comprehensive analysis of product providers and platform providers, trend analysis by segments, and demand by geographical regions.
This report is a meticulous compilation of research on more than 100 players in the market ecosystem and draws upon insights from in-depth interviews with key opinion leaders of more than 20 leading companies, market participants, end users and vendors. The report also profiles 16 leading companies and six company snapshots including several key players such as ALYK, Inc., Aytu BioScience, Inc., Biowink GmbH, CORA, Flo Health, Inc., Bloomlife, Glow, Inc., Inne, Kasha, NaturalCycles Nordic AB, Plackal Tech, Ovia Health, Sustain Natural, The Flex Company, and Thinx, among others.

Key questions answered in the report:
• How Femtech products are positioned to save billions of dollars of women’s healthcare expenditure annually?
• What are the leading end user groups of Femtech products and services?
• How funding dynamics in the global Femtech market will change during the forecast period?
• What are the major developments such as product launches, mergers and acquisitions, collaborations, and partnerships taking place in the market and how are they changing the overall dynamics of the Femtech market?
• What are the major areas of Women’s health, the key market participants are catering to?
• What are the major pricing/business model strategies employed by the market players that can significantly put a pricing pressure on other competitors?
• What is the installed base or adoption rate for Femtech solutions in the market?
• What are the technological and regional trends pertaining to the global Femtech market?
• What is the growth potential of the global Femtech market in North America, Europe, Asia-Pacific, Latin America and Rest-of-the-World?

Bhavya Banga
BIS Research Inc.
FREMONT CA 94538-1686
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
What distinguishes BIS Research from the rest of the players is that we don’t simply provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

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