Empowering Women's Health: Unveiling the Growth Trajectory of the Femtech Market || Athena Feminine Technologies, Sustain Natural, Sera Prognostics

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Femtech Global Market Report 2023 identifies the rise of digital healthcare is the major driver for the femtech market's growth in the forecast period. Digital health care technologies use connectivity, software, and sensors for health care and related uses. For instance, in October 2020, according to the Center for Disease Control and Prevention's (CDC) data from four of the largest U.S. telehealth providers, during the first quarter of the year 2020, the number of telehealth visits increased by 50%, compared with the same period in the year 2019, with a 154% increase in visits noted in surveillance week 13 in 2020, compared with the same period in 2019. Therefore, the favourable consumer perception and tangible investments in digital health are expected to propel the femtech market growth.

The global femtech market size will grow from $32.44 billion in 2022 to $37.39 billion in 2023 at a compound annual growth rate (CAGR) of 15.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the femtech is expected to grow to $68.9 billion in 2027 at a CAGR of 16.5%.

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Major competitors in the femtech market are Athena Feminine Technologies, Sustain Natural, Sera Prognostics, HeraMED, iSona Health, Totohealth, Minvera, Nuvo, Elvie, Biowink, and Lia.

A key trend in the femtech market includes advanced technology products. Companies are focusing on developing products that generate accurate results and also reduce the handling time of products. For instance, in 2021, Lia, a US-based company, launched the world's first flushable and biodegradable pregnancy test device made from plant fibres and is 100% plastic-free, which can biodegrade in just ten weeks.

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The femtech market is segmented -

1) By Type: Devices, Software, Services, Other Types

2) By End Use: Direct-To-Consumer, Hospitals, Fertility Clinics, Surgical Centers, Diagnostic Centers

3) By Application: Reproductive Health, Pregnancy and Nursing Care, Pelvic and Uterine Healthcare, General Healthcare and Wellness, Other Applications

4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the femtech

The Business Research Company's "Global Femtech Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Femtech Market Include:
1. Executive Summary
2. Femtech Market Characteristic
3. Femtech Market Trends And Strategies
4. Femtech Market - Macro Economic Scenario
5. Femtech Market Size And Growth
……………
27. Femtech Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Femtech Market
29. Femtech Market Future Outlook And Potential Analysis
30. Appendix

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