The
global Femtech Market size is expected to reach USD 13.1
billion by 2030 and is expected to expand at a CAGR of 11.1% during the
forecast period, according to a new report by Grand View Research, Inc. Rising
number of women’s health issues and growing health consciousness indicates the
growth potential of the market.
The
industry is not only limited to reproductive health and diversifies to include
other healthcare problems such as pregnancy monitoring, pelvic care, cervical
cancer, mental health, general health & wellness, and breast cancer. Key
participants are capitalizing on the opportunities and are developing solutions
to cater to the growing needs of women’s healthcare.
The
increasing adoption of smartphones by consumers is driving the growth of
various women’s health applications in the market. Furthermore, continuous
improvement in network infrastructure and growing network coverage are boosting
the demand for femtech services. Mobile network operators view women’s health
technology space as an opportunity for investment owing to the growing adoption
of smartphones by users and raising awareness about women’s health
issues.
Furthermore,
a favorable regulatory environment and increase in regulatory approvals of
various digital applications addressing conventional women’s health issues,
such as menstruation tracking, pregnancy management, & fertility
management, are expected to contribute directly to growth. The wearables
segment dominated in 2021 owing to the growing health consciousness and
awareness amongst female users, increasing prevalence of women’s health issues,
growing adoption of value-based care services, and integration of advanced
features such as predictive analytics, gamification, cloud synchronization, and
longer battery life. Data generated from wearable devices can be used to under
female health parameters more closely and provide female users with data-driven
insights about their health & wellbeing.
On
the other hand, mobile apps are expected to grow lucratively in
upcoming years owing to the growing trend of precautionary healthcare and
rapidly growing smartphone penetration supported by improving internet
connectivity. With advanced technological integration, such as AI and data
science, these healthcare applications provide actionable insights based on the
data entered, enabling women to make informed decisions regarding their health
& wellness.
Furthermore,
the physicians and doctors can also refer to the data, consequently bridging
the gap between the healthcare providers and the patients, further enabling
access to care virtually, timely, & in remote areas.
Related Press
Release@ Femtech Market Report
Femtech Market Report Highlights
- The market
size is anticipated to be valued at USD 13.1 billion by 2030, owing to the
increasing digital literacy amongst female users, increasing smartphone penetration
& improving internet connectivity. Growing health consciousness
amongst female users and normalizing women’s health issues
- Wearables
accounted for the largest revenue market share of 79.5% owing to seamless
smartphone integration and improving wireless connectivity
- North
America dominated the market and accounted for the largest revenue share
of 38.3% owing to improving digital health infrastructure, rising
healthcare IT expenditure, growing smartphone integration, and the
emergence of startups
List of Key Players in the Femtech Market
- Natural
Cycles USA Corp
- Flo Health,
Inc
- Clue by
Biowink GmbH
- Glow, Inc
- Google, Inc.
- Apple, Inc.
- Withings
- Fitbit, Inc.
Femtech Market Report Scope
|
Report Attribute |
Details |
|
The market size value in 2022 |
USD 5.6 billion |
|
The revenue forecast in 2030 |
USD 13.1 billion |
|
Growth Rate |
CAGR of 11.1% from 2022 to 2030 |
|
The base year for estimation |
2021 |
|
Historical data |
2016 - 2020 |
|
Forecast period |
2022 - 2030 |
Related Reports@
Women's Health Rehabilitation Products Market
Women's Health Diagnostics Market
Femtech Market Segmentation
Grand
View Research, Inc. has segmented the global femtech market report based on the
product type, and region:
Product Type Outlook (Revenue, USD Million, 2017 - 2030)
- Wearables
- Mobile Apps
- Fitness
& Nutrition
- Menstrual
Health
- Fertility
Management/ Assisted Reproductive Technology Apps
- Pregnancy
Tracking & Postpartum Care
- Menopause
- Disease
Management
- Others
Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Spain
- Italy
- France
- Russia
- Denmark
- Iceland
- Finland
- Norway
- Sweden
- Asia Pacific
- Japan
- China
- India
- Singapore
- Australia
- South Korea
- Latin
America
- Brazil
- Mexico
- Argentina
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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