Femtech Market is projected to reach USD 16.31 Billion by 2030, growing at a CAGR of 15.6% during the forecast period of 2023-2030 - published by MarketDigits

Femtech Market Scope:
Market size value in 2023 - USD 5.1 Billion
Market size value in 2030 - USD 16.31 Billion
CAGR (2023-2030) - 15.6%
Forecast Period - 2023-2030
Segments Covered - Type, Application, Products, Service, End User & Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Thinx, Flo Health, Modern Fertility, Ovia Health, Natural Cycles, Withings, Fitbit Inc.

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Browse in-depth TOC on "Femtech Market"
178-Tables
95-Figures
332-Pages

North America dominates the market for Femtech.
Technologies like smart wearable devices and mobile health applications for tracking health awareness got rapid popularity in North Ameica. Increasing adoption of smart wearable devices and mobile health application for health tracking coupled with awareness and health consciousness toward preventive care is expected to drive the growth of North American femtech market. Increasing healthcare IT spendings, advancing digital health infrastructure and government initiatives are the factors which are driving the market growth.
Asia-Pacific is expected is register the fastest growth rate over the forecasting years. The Asia-Pacific femtech market is driven by increased demand for effective health technologies which are coupled with increasing smartphone and wearable devices penetration, improving internet coverage, growing digital infrastructure and growing health consciousness. Some government agencies are making efforts to promotes advancements in mobile health technologies by providing digital health technology roadmaps, providing improved 3G and 4G network infrastructures and formulating policies that would attract investments in the region.

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Top Key Players Covered in the Report-
HeraMED, Sera Prognostics, iSono Health, Flo, Health, Inc., Elvie, Gennev, Ava, Thinx, Flo Health, Modern Fertility, Ovia Health, Natural Cycles, Withings, Fitbit Inc.,Others.

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Recent Developments-
• November 2023, Bayer and CrossBay Medical announced a partnership to develop a new intrauterine system inserter. The new inserter will have the aim of reducing the pain experienced by women during IUS insertion.
• November 2023, GE launched the MyBreastAi platform. The platform offers AI capabilities in mammography.

https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-femtech-market-projected-to-reach-usd-1631-billion-by-2030

MarketDigits
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MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that a market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

This release was published on openPR.