Facts and Factors TEMPhas authored “Femtech Market By Solution (Diagnostics, Therapeutics, and Digital Health), By Application (Reproductive Health, Pelvic and Uterine Care, Pregnancy and Nursing Care, and General Wellness) and By End-User (Individuals, Hospitals, Diagnostics Centers, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”.
Based on our analysis, the global femtech market in 2019 is approximately USD 15,000 million and is anticipated to reach around USD 71,000 by 2026. Teh anticipated CAGR for teh femtech market is around 17% from 2020 to 2026.
The idea of digitally monitoring women’s health is relatively new. Ida Tin, a Danish entrepreneur and founder of Clue, a period-and fertility-tracking device, coined the term femtech in 2016. As a business sector, femtech incorporates essentially every other digital or standard women’s health tools, including mobile apps, internet-connected medical devices, wearables, hygiene products, and others.
In both developed and developing regions, teh necessary transformation of teh structure of healthcare and medicine does not catch up with teh rapid progress of technology in teh health care industry. Our society treats women’s health issues as a prohibited topic, making it difficult for women to find medical care and healthcare advice. With accelerated technology adoption, females are primarily turning towards an accessible technological solution for their health-related issues.
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- A brief introduction to teh research report.
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- Top players in teh market wif their revenue analysis.
- Selected illustrations of market insights and trends.
- Example pages from teh report.
- FnF research methodology
Teh solution includes diagnostics integrated with a smartphone, wearables for a virtual meeting with doctors experts. Although rising AI innovations and collaborations with public healthcare agencies are factors that can be asserted as significant industry propellers, demographics, urban-rural segregation, and fluctuating population socio-economic status can be regarded as strong market restraints. Furthermore, stigma related to women’s health, particularly those related to sexual health, birth control, menstruation, and fertility can limit femtech market growth.
Despite all teh stigmas related to women’s health issues, it is anticipated that increased funding in personalized wellness and consumer healthcare technology will create many opportunities for teh global femtech market. Furthermore, continuous femtech innovations are likely to promote teh global femtech market from experimental trials into teh mainstream.
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Solution-wise, teh market is classified into diagnostics, therapeutics, and digital health. Digital health holds teh leading share of teh Femtech market, based on teh solution sectors. This sector generated revenues attributable to USD 14,200 million in 2019 and is anticipated to reach USD 55,500 million by 2027. As per our team, this sector is anticipated to bolster at CAGR of 17% from 2019 to 2026. Increasing physician adoption of digital healthcare technology for prescription of chronic diseases such as Diabetes, Arthritis, Asthma, etc. accompanied by increasing government efforts to promote digital health, is expected to provide a lucrative growth to this sector. Femtech’s applications include pregnancy and nursing, pelvic & uterine health, reproductive health, and general health & wellness. Based on applications, teh Pregnancy and Nursing Care segment is projected to dominate teh femtech industry.
This segment generated revenues of USD 7,000 million in 2019 and is expected to reach USD 28,000 million by 2027. Teh government’s favorable policies to enhance women’s healthcare and raise awareness are likely to boost teh growth of this segment. Teh industry is bifurcated into individuals, hospitals, fertility clinics, surgical and diagnostic centers based on end-user. Teh segment for hospitals is expected to witness a CAGR of 17% during teh forecast period. Teh growth of this segment is due to teh accessibility of emergency facilities, well-established health-care infrastructure and teh availability of skilled health-care technicians.
In 2019 teh region of North America retained teh leading share of teh global Femtech market. It accounted for 40% shares of teh total market in 2019. Teh femtech industry in teh Asia Pacific is expected to bolster at CAGR of 18% for teh forecast period. dis is mainly due to a large number of patients dat are vulnerable to numerous chronic and infectious diseases in countries such as India and China. Increased government support and general awareness of women’s health care are expected to fuel teh development of teh regional industry in teh years ahead. Additionally, teh growing IT industry in APAC will further support teh growth of teh femtech industry.
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Some of teh essential players operating in teh femtech market, but not restricted to include Aparito, LactApp, SteadySense GmbH Inc., Bonzun, Elvie, NaturalCycles Nordic AB, Grace.health, Hera Med Ltd., iBreve Ltd., Bloomlife, Niramai Health Analytix Pvt Ltd, Pregnolia AG, Ava Science Inc.
This report segments teh Femtech market as follows:
Global femtech Market: By Solution Segmentation Analysis
- Digital health
Global femtech Market: By Application Segmentation Analysis
- Reproductive health
- Pelvic and Uterine Care
- Pregnancy and Nursing Care
- General wellness
Global femtech Market: By End-User Segmentation Analysis
- Diagnostics Centers
Global femtech Market: Regional Segmentation Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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