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Femtech Market to Cross USD 13.36 Billion by 2030 owing to Increasing Female Workforce Participation and Supportive Regulatory Environment

Oct 18, 2023 1:00 PM ET

Femtech Market to Cross USD 13.36 Billion by 2030 owing to Increasing Female Workforce Participation and Supportive Regulatory Environment

Based on SNS Insider’s research, the femtech market rapid growth can be attributed to a confluence of factors, including increased awareness about women’s health, technological advancements, supportive regulatory frameworks, rising female workforce participation, and substantial investments.

The femtech market, as reported by SNS Insider, was valued at USD 5.67 billion in 2022. It is projected to reach USD 13.36 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.3% during the forecast period from 2023 to 2030.

Market Report Scope

Femtech represents a paradigm shift in healthcare, acknowledging and addressing the unique health concerns of women. Through innovative apps, wearables, and digital platforms, Femtech is empowering women to take charge of their health and well-being like never before. As the industry continues to evolve, we can anticipate even more major developments, further enhancing the quality of women’s lives across the globe. Embracing Femtech not only promotes individual health but also fosters a society where women’s well-being is at the forefront of technological innovation.

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Market Analysis

In recent years, the global femtech market has experienced an unprecedented surge, reshaping the landscape of women’s health and wellness. One of the primary drivers for the market’s growth is the increasing awareness and focus on women’s health. Society’s growing emphasis on women’s well-being, coupled with a proactive approach towards healthcare, has led to a surge in demand for Femtech solutions. Women are now more informed and inclined towards utilizing technology to monitor and manage their health, leading to a booming market for Femtech products and services. The rapid advancements in digital health technologies have significantly contributed to the expansion of the market. Innovations such as wearable devices, mobile applications, and smart sensors have empowered women to monitor their reproductive health, track menstrual cycles, manage pregnancy, and even address issues related to menopause. These technologies offer convenience, privacy, and accuracy, enhancing the overall user experience and fueling market growth.

Major Players Listed in the Report are as Follows:

Elvie, Sera Prognostics, HeraMED, Nuvo, Athena Feminine Technologies, iSono Health, Minerva, Sustain Natural Totohealth.

Femtech Market Segmentation as Follows:

By Product Type

  • Products
  • Software
  • Services

By Applications

  • Reproductive Health
  • Pregnancy and Nursing care           
  • Pelvic and Uterine Healthcare
  • General Healthcare and Wellness
  • Others

By End User

  • Direct to consumer
  • Hospitals
  • Fertility Clinics
  • Surgical Centers
  • Diagnostic Centers
  • Others

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Impact of Recession

While the ongoing recession poses challenges for the femtech market, strategic adaptation and innovation can lead to resilience and growth. By understanding the changing consumer landscape and embracing technological advancements, Femtech companies can not only weather the storm but also emerge stronger, catering to the evolving needs of women worldwide. As the market adjusts to the new normal, the Femtech industry stands at the crossroads of innovation and opportunity, ready to make a lasting impact on women’s health and wellness, even in the face of economic uncertainty.

Impact of Russia-Ukraine War

The Russia-Ukraine conflict has undeniably influenced the femtech market, reshaping its landscape and posing multifaceted challenges and opportunities. As the industry strives to adapt, a proactive approach to regulatory changes, innovative product development, and strategic investments will be pivotal. Stakeholders must remain agile, leveraging market insights and embracing technological advancements to navigate these turbulent times successfully.

Key Regional Development

In North America, particularly the United States and Canada, Femtech companies are pioneering innovations in menstrual health tracking, fertility solutions, and maternal care. The region boasts advanced healthcare infrastructure, encouraging seamless integration of Femtech solutions into mainstream medical practices. Europe demonstrates a holistic approach towards women’s health and wellness. Countries like Sweden, the United Kingdom, and Germany are leading the charge with Femtech applications focusing on mental health, fitness, and sexual wellness. The Asia-Pacific region, encompassing countries like China, India, and Japan, presents a unique set of challenges and opportunities for the femtech market. Femtech companies in this region are innovatively bridging the healthcare gap by providing accessible and affordable solutions.

Key Takeaway from Femtech Market Study

The Reproductive Health Segment stands poised to dominate the market, reshaping how women perceive and manage their reproductive well-being. This segment encapsulates a range of innovative technologies and services geared towards empowering women with knowledge, convenience, and control over their reproductive health.

Within the expansive realm of Femtech, the Fertility Clinics Segment emerges as a pivotal player, catering to couples and individuals navigating the intricate journey of fertility. This segment integrates cutting-edge technologies, medical expertise, and emotional support, thereby redefining fertility treatments and family planning strategies.

Recent Developments Related to Femtech Market

In a major development, the innovative femtech startup Gynoveda has successfully secured a staggering $10 million in funding, led by the prestigious India Alternative Fund. This significant investment is poised to propel Gynoveda to new heights in the rapidly evolving femtech industry.

Herself Health has emerged as a trailblazer, securing a significant funding milestone of $26 million. The recent funding injection into Herself Health has provided the company with the necessary resources to further revolutionize women’s healthcare. With the newly acquired funds, Herself Health is poised to expand its reach and enhance its offerings, thereby making significant strides in improving women’s health and well-being.

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Table of Content

Chapter 1 Introduction

Chapter 2 Research Methodology

Chapter 3 Femtech Market Dynamics

Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)

Chapter 5 Value Chain Analysis

Chapter 6 Porter’s 5 forces model

Chapter 7 PEST Analysis

Chapter 8 Femtech Market Segmentation, By Product Type

Chapter 9 Femtech Market Segmentation, By Applications

Chapter 10 Femtech Market Segmentation, By End User

Chapter 11 Regional Analysis

Chapter 12 Company profile

Chapter 13 Competitive Landscape

Chapter 14 Use Case and Best Practices

Chapter 15 Conclusion

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