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Worldwide Femtech Market Expected To Reach Highest CAGR by 2027 | Alyk, Inc., Aytu BioPharma, Inc., BioWink GmbH, Sustain Natural, Bloomlife, Glow, Inc., etc.

08-07-2021 10:59 PM CET | Health & Medicine

Press release from: VynZ Research

Femtech Market

Femtech Market

The global femtech market is anticipated to witness a CAGR of 11.5% during the forecast period. The prevalence of infectious diseases among women in low- and middle-income countries will drive business growth due to unhygienic environments. Increasing investment in femtech will provide industry participants with various growth opportunities, thus accelerating the expansion of the market during the forecast period.

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The COVID-19 outburst has raised awareness about women’s health needs. The pandemic has also highlighted the scarcity of solutions available to specific women's health problems, such as fibroids, polycystic cervix syndrome, thyroid problems, endometriosis, pelvic health, premenopausal and menopausal care. Although digital health solutions were used in terms of virtual care and were promoted during the pandemic, these areas of women’s health have not yet received the attention they deserve.

In January 2021, Ovia Health, a virtual family health platform, partnered with hospitality and entertainment company MGM Resorts International to provide employee benefits specifically designed for high-risk pregnancies. This benefit provides free WiFi-enabled blood pressure cuffs or hypertension plans for pregnant employees participating in Ovia Health pre-eclampsia and entering their details in the Ovia Pregnancy app. The app will then alert employees to any relevant data trends.

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On the basis of application, pregnancy and nursing care will dominate the market during the forecast period owing to favorable government policies for improving women’s health, creating awareness, rise in demand for advanced devices, and consumables used during pregnancy and nursing care will drive the femtech industry worldwide.

The Asia Pacific is anticipated to have a higher share due to the large patient pool having chronic and infectious diseases in emerging economies such as India, China, Japan. Also, initiatives are taken by the government to support and elevate awareness regarding women’s health in these economies.

Some of the key players operating in the global femtech market: Alyk, Inc., Aytu BioPharma, Inc., BioWink GmbH, Sustain Natural, Bloomlife, Glow, Inc., NaturalCycles Nordic AB, Ovia Health, Flo Health, Inc., HeraMed Ltd.

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About VynZ Research

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across a wide range of industries.

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