Global Femtech Market Growth Sustained by Increased Need for Female-Specific Healthcare Solutions

Inkwood Research estimates that the Global Femtech Market is evaluated to register a CAGR of 12.15% in terms of revenue during the forecasting years of 2021-2028.

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Femtech encompasses the category of software, diagnostics, products, and services that use technology to primarily focus on the health of women. The sector entails period-tracking apps, women's sexual wellness, fertility solutions, pregnancy, and nursing care, as well as reproductive health care.

Increased Demand for Female-Specific Healthcare Solutions to Propel Market Growth

Only 4% of the global healthcare expenditure is spent on women's health, indicating an annual economic burden of $500 billion. Presently, international investments of only 10% are used for female-led start-ups. Moreover, an amalgamation of the increasing incidence of infectious and chronic conditions among females, as well as the growing women's health awareness, augments the need for personalized solutions and services. In terms of the healthcare sector, leading areas of concern for women include maternal and child care, management of chronic diseases, access to affordable healthcare, family planning, and fertility. Hence, the increased need for female-specific healthcare solutions is set to play a pivotal role in augmenting the global femtech market growth.

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Fertility is the Fastest-Growing Indication

Infertility impacts millions of women within the reproductive age bracket globally. In addition, mortality in women is also linked to infertility. As per researchers, females with fertility issues have a 10% increased risk of death, and women with a history of infertility also have a high fatality risk. There is also a 20%, 40%, and 70% increased risk of cancer, breast cancer, and diabetes, respectively. In this regard, femtech solutions help reduce mortalities and help women manage their fertility conditions. Fertility care solutions comprise the diagnosis, prevention, and treatment of infertility problems in women. Furthermore, femtech also offers fertility care for women via fertility solutions, at-home fertility monitoring, as well as period and fertility tracking.

Asia-Pacific to Lead the Global Market Growth by 2028

The market in the Asia-Pacific is set to record significant growth owing to key factors such as the increasing prevalence of chronic conditions, the presence of local players in the region, as well as the introduction of government initiatives to improve public health. However, the market is likely to be hampered by the lack of knowledge and social, ethical, and legal problems associated with protecting the patients' clinical information

The global femtech market is moderately consolidated, harboring a substantial number of vendors. Subsequently, this augments the competition among existing players distributing femtech solutions. Furthermore, with the surging adoption of femtech products across various regions, firms offering femtech solutions are set to increasingly contribute to the market's competitiveness. Hence, the industrial rivalry is expected to be intense.

Prominent firms operating in the market are Biowink GmbH, Natural Cycles Nordic AB, Aytu Bioscience Inc, Flo Health, etc.

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