Femtech Market Size Worth USD 60.01 Billion By 2027 | Emergen Research
There are many different applications for femtech, including contraception, fertility, pregnancy, menopause, and sexual health. Femtech products can be broadly divided into two categories: medical and wellness. Medical femtech products are designed to diagnose, treat, or manage a wide variety of conditions that affect women's health. This includes everything from fertility treatments to cancer screenings. Wellness femtech products, on the other hand, are focused on improving overall wellness and quality of life. This can include everything from fitness tracking devices to skincare products.
The femtech market is still in its early stages of development, but it is expected to grow rapidly in the coming years. This growth is being driven by a number of factors, including the increasing prevalence of chronic diseases, the growing demand for women's health products, and the advancement of digital health technologies.
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Femtech is short for female technology, and it refers to any type of technology that is designed to improve the health and wellbeing of women. This can include everything from fertility tracking apps to period tracking apps and even breast pumps. The female technology industry has seen a lot of growth in recent years, thanks in part to the rise of digital health and the increasing focus on women's health. And it's not just startups that are getting involved; big tech companies like Apple and Google are also making moves into the femtech space.
An increase in the number of health problems has been seen in recent years. This has led to an increase in the demand for femtech products. The female technology market comprises of products that are designed specifically for women's health. These products make use of technology to provide better diagnosis and treatment for various health problems faced by women.
Some Key Highlights from the Report
• The devices segment is expected to register the fastest revenue CAGR during the forecast period due to the growing adoption of fitness trackers, smartwatches, and other wearable devices among women.The increase in the number of health concerns among women globally is one of the key factors driving the growth of this segment.
• The pregnancy and nursing care application segment is expected to register the fastest revenue CAGR during the forecast period due to the growing demand for mobile applications to keep a track of pregnancy cycles and other health metrics related to pregnancy. The number of femtech startups is constantly increasing, globally. According to the European Commission, in 2018, there were more than 500 femtech startups across the globe. These startups are venturing into various segments such as sexual and reproductive health, fertility and pregnancy, and menopause.
• The hospitals segment is expected to register the fastest revenue CAGR during the forecast period due to the rising incidence of chronic diseases and the growing demand for early diagnosis and treatment.
• North America is projected to see the largest growth in the female technology market due to the increasing prevalence of chronic diseases, rising awareness about women's health, and the availability of advanced healthcare infrastructure in the region.
• The Asia Pacific region is expected to be the fastest-growing market for femtech due to the growing economic development and rising healthcare expenditure in the region. Also, the increasing awareness about women's health and the availability of advanced healthcare infrastructure are some of the key factors driving the growth of the femtech market in this region.
• Key participants include Athena Feminine Technologies, Sustain Natural, Sera Prognostics, HeraMED, iSono Health, Totohealth, Minerva, Nuvo, Elvie, and BioWink, among others.
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For the purpose of this report, Emergen Research has segmented into the global Femtech Market on the basis of technology, material, application, and region:
Type Outlook (Revenue: USD Billion; 2017-2027)
End Use Outlook (Revenue: USD Billion; 2017-2027)
o Fertility Clinics
o Surgical Centers
o Diagnostic Centers
Application Outlook (Revenue: USD Billion; 2017-2027)
o Reproductive Health
o Pregnancy & Nursing Care
o Pelvic & Uterine Healthcare
o General Healthcare & Wellness
Regional Outlook (Revenue, USD Billion; 2017-2027)
o North America
5. Rest of Europe
o Asia Pacific
3. South Korea
4. Rest of APAC
o Latin America
2. Rest of LATAM
1. Saudi Arabia
3. Rest of MEA
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