Femtech Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Totohealth Inc., LifeSense Group, Lumenis Ltd., Maven Clinic, Kindbody Fertility & Women's Health, Flo Health Inc

"The femtech market size has grown rapidly in recent years. It will grow from $36.52 billion in 2023 to $41.97 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to increasing women's health awareness, changing societal attitudes and taboos, demand for personalized women's healthcare, shift in women's health conversations, empowerment and informed decision-making.

The femtech market size is expected to see rapid growth in the next few years. It will grow to $81.24 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. The growth in the forecast period can be attributed to evolving demographics and aging population, integration of digital health platforms, rise of remote and telehealth services, focus on fertility and reproductive health, preventive and wellness-oriented solutions. Major trends in the forecast period include AI-powered women's health apps, wearable health devices for women, mental health and wellness apps, digital pelvic floor training, investment in femtech startups.

Market Overview -
The femtech are technology to support women's health which uses software, diagnostics, products, and services to cater to female biological needs.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=5890&type=smp

Digital Healthcare's Impact On Femtech Market
The rise of digital healthcare is expected to propel the growth of the femtech market. Digital health care technologies use connectivity, software, and sensors for health care and related uses. For instance, in October 2022, according to a report published by the Centers for Disease Control and Prevention, a US-based government agency, 37.0% of adults reported having utilized telemedicine services within the previous 12 months in 2021. Notably, women (42.0%) exhibited a higher likelihood of using telemedicine compared to men (31.7%). Moreover, there was a positive correlation between age and telemedicine usage, with the percentage of adults who engaged in telemedicine rising with age. Specifically, usage rates increased from 29.4% among adults aged 18-29 to 43.3% among adults aged 65 and above. Therefore, the favorable consumer perception and tangible investments in digital health are expected to propel the femtech market growth.

Competitive Landscape -
Major companies operating in the femtech market report are Totohealth Inc., LifeSense Group, Lumenis Ltd., Maven Clinic, Kindbody Fertility & Women's Health, Flo Health Inc., Minvera Health Inc., Natural Cycles, NURX Inc., BioWink GmbH, Elvie Inc., Nuvo Group LLC, Lia Diagnostics Inc., Bloomlife Inc., Kasha Global Inc., Proov, Athena Feminine Technologies, Ava Science Inc., Joylux Inc., MedAnswers, OCON Healthcare LLC, Flyte by Pelvital, Inne Inc., Tia Health, Gennev, iSono Health Inc., OOVA Inc., Sera Prognostics Inc., Cora Health Inc., HeraMED Inc., Sustain Natural, LactApp Women's Health, Trak Fertility, Willow Pump Company, Yono Labs, Zava

Advanced Technology Products For Accurate Results And Reduced Environmental Impact
Advanced technology products are a key trend gaining popularity in the femtech industry. Companies are focusing on developing products that generate accurate results and 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 fibers and is 100% plastic-free, which can biodegrade in just ten weeks.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/femtech-global-market-report

Key Segments -
The femtech market covered in this report 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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.