USD 5.1 billion
Global Femtech Market Size, Share, Growth Analysis, By Product Type(Wearables and mobile apps), By End-user(Hospitals, fertility clinics) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2191 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Global Femtech Market Insights
Global Femtech Market size was valued at USD 5.1 billion in 2021 and is poised to grow from USD 5.67 billion in 2022 to USD 13.15 billion by 2030, at a CAGR of 11.1% during the forecast period (2023-2030).
The global Femtech market, which refers to technology-driven products and services focused on women's health, is experiencing significant growth and revolutionizing the healthcare industry. The market is being driven by various factors, including increasing awareness and acceptance of women's health issues, advancements in digital healthcare technologies, and a growing emphasis on personalized and proactive healthcare for women. Femtech encompasses a wide range of applications, including fertility tracking, pregnancy and postnatal care, menstrual health management, reproductive healthcare, sexual wellness, and menopause management. These solutions provide women with convenient and accessible tools to monitor and manage their health, empowering them to make informed decisions about their well-being. The market has witnessed substantial growth due to the rising demand for innovative healthcare solutions tailored specifically to women's needs. Femtech companies are leveraging digital technologies such as mobile apps, wearable devices, telehealth platforms, and artificial intelligence to deliver personalized and user-friendly experiences. This has led to improved healthcare outcomes, enhanced patient engagement, and increased access to healthcare services for women globally. However, the Femtech market also faces several challenges. One major hurdle is the lack of awareness and education among women about available Femtech solutions. Many potential users may not be aware of the benefits or may hesitate to adopt these technologies due to privacy concerns or cultural barriers. Moreover, regulatory challenges and the need for proper validation and evidence-based research to ensure the safety and efficacy of Femtech products and services pose additional hurdles for market growth. Despite these challenges, the global market is projected to witness substantial growth in the coming years. The increasing focus on women's health, advancements in digital health technologies, and the growing acceptance of Femtech solutions by healthcare providers and policymakers indicate a positive market outlook. As Femtech continues to evolve and address the unique healthcare needs of women, it holds the potential to empower women worldwide and reshape the landscape of women's healthcare.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Wearables
Fastest Growth
Wearables
Growth Rate
11.1% CAGR
Global Femtech Market ($ Bn)
Country Share for North America Region (%)
Global Femtech Market By Product Type ($ Bn)
Global Femtech Market By Product Type (%)
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Global Femtech Market Segmental Analysis
Global Femtech Market is segmented on the basis of product type, end-user, and region. By product type, the market is segmented into wearables and mobile apps. By end user, the market is segmented into hospitals, fertility clinics, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Product Type
The wearables segment, comprising devices such as fitness trackers, smartwatches, and wearable patches, dominates the Femtech market with a significant market share of 79.5%. The increasing awareness and focus on women's health issues, coupled with a rising trend of health consciousness among female users, are driving the demand for wearables in the market. Women are seeking convenient and accessible tools to monitor and manage their health, and wearable devices provide them with real-time health data, activity tracking, and personalized insights. The shift towards value-based care and a consumer-led model in healthcare further fuels the growth of wearables in Femtech.
Meanwhile, mobile apps segment is expected to witness the fastest growth rate in the Femtech market. Precautionary healthcare and the growing penetration of smartphones, along with improved internet connectivity, are driving the adoption of smartphone health applications. Women are increasingly using mobile apps for various purposes such as menstrual tracking, fertility tracking, pregnancy monitoring, and general health management. Mobile network operators recognize the potential of health apps and consider them as valuable investment opportunities. The growing adoption of smartphones, the need to address unmet healthcare needs specific to women, increasing health consciousness, and rising awareness about health and well-being among women contribute to the growing demand for women's health mobile applications.
Analysis By End User
In the global Femtech market, the end-user segment can be categorized into hospitals, fertility clinics, and others. Hospitals are the dominant end users in the Femtech market, accounting for a significant share. Hospitals play a crucial role in women's healthcare, providing a wide range of services, including reproductive health, maternal care, and gynecological treatments. The adoption of Femtech solutions in hospitals allows for better patient monitoring, personalized care, and improved treatment outcomes.
Among the end-user segments, fertility clinics are witnessing the fastest growth in the Femtech market. Fertility clinics specialize in assisting individuals and couples with reproductive challenges, offering services such as fertility assessments, assisted reproductive technologies, and fertility treatments. With the increasing prevalence of fertility issues and the growing demand for reproductive healthcare, fertility clinics are leveraging Femtech solutions to enhance patient care, optimize treatment protocols, and improve success rates.
Global Femtech Market By Product Type, 2023 (%)
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Global Femtech Market Regional Insights
North America has emerged as the dominant region in the Femtech market, capturing the largest market share of 38.3%. The region has experienced rapid digitalization of healthcare, driven by factors such as high smartphone penetration and the increasing demand for health-related smart solutions. With the number of mobile internet users projected to reach 323 million. North America presents a favorable environment for the adoption of smart wearable devices and mobile health applications. The growing awareness and consciousness about health, coupled with a shift towards preventive care, contribute to the market's growth in the region. Furthermore, favorable government initiatives, increased healthcare IT spending, and the advancement of digital health infrastructure play significant roles in driving the Femtech market in North America.
On the other hand, the Asia Pacific region is expected to witness the fastest growth rate in the Femtech market. The demand for effective health technology is on the rise in this region, supported by an expanding digital infrastructure, increasing penetration of smartphones and wearable devices, improving internet coverage, and growing health consciousness among the population. The Asia Pacific region is projected to reach 3.0 billion unique mobile subscriptions, with the number of mobile internet users estimated to reach 2.7 billion. Government agencies in the region are actively promoting advancements in mobile health technology by improving network infrastructure, developing digital health technology roadmaps, and formulating policies to attract investments. These efforts contribute to the growth of the Femtech market in the Asia Pacific region, providing opportunities for innovation and market expansion.
Global Femtech Market By Region, 2024-2031
- Largest
- Fastest
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Global Femtech Market Dynamics
Drivers
Rising Focus on Women's Health
- There is a shift towards prioritizing women's health in healthcare systems globally. Governments, healthcare providers, and policymakers are recognizing the unique healthcare needs of women and are actively promoting initiatives to address these needs. This focus on women's health drives the demand for Femtech solutions.
Increasing Health Consciousness
- Women are becoming increasingly conscious about their health and wellness. They are seeking solutions that empower them to take control of their health, track their menstrual cycles, monitor fertility, manage pregnancies, and address specific health concerns. This rising health consciousness fuels the adoption of Femtech products and services.
Restraints
Privacy and Security Concerns
- As Femtech involves collecting and storing sensitive health data, so privacy and security concerns can deter women from adopting these technologies. There is a need for robust data protection measures and transparent privacy policies to address these concerns and build trust among users.
Regulatory Challenges
- Regulatory frameworks for Femtech products and services are still evolving. The need for proper validation, evidence-based research, and compliance with regulatory standards presents challenges for market players. Streamlined regulations and guidelines specific to Femtech can facilitate market growth.
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Global Femtech Market Competitive Landscape
The global Femtech market is highly competitive, driven by the increasing demand for technology-driven solutions focused on women's health. The market is characterized by the presence of numerous players offering a wide range of products and services. These players strive to gain a competitive edge by focusing on innovation, product differentiation, strategic partnerships, and market expansion. Innovation plays a crucial role in the competitive landscape of the Femtech market. Companies invest in research and development to introduce advanced technologies, enhance user experience, and develop new solutions to address specific women's health needs. This drive for innovation fosters intense competition among market players, leading to the development of diverse and specialized Femtech offerings. Strategic partnerships and collaborations are also prominent in the Femtech market. Companies often form alliances with healthcare providers, technology companies, and other industry stakeholders to leverage their expertise, expand their reach, and enhance the value proposition of their offerings. Such partnerships enable companies to access new markets, develop integrated solutions, and drive mutual growth. Market expansion is another key aspect of the competitive landscape. Companies strive to expand their presence across different regions, tapping into diverse customer segments and healthcare systems. By establishing a global footprint, companies can cater to the unique healthcare needs of women in various markets and gain a competitive advantage. Additionally, marketing and branding efforts are essential for companies in the Femtech market to differentiate themselves and build strong brand recognition. Effective marketing strategies, targeted messaging, and awareness campaigns help companies to engage with their target audience and establish trust and credibility.
Top Player’s Company Profiles
- Elvie (UK)
- Femisphere (US)
- Flo Health (US)
- Grace Health (US)
- HeraMED (Israel)
- Inne (France)
- Joylux (US)
- LactApp (Spain)
- Natural Cycles (Sweden)
- Niramai Health Analytix (India)
- Nuvo Group (Israel)
- OCON Healthcare (Israel)
- Pexxi (Sweden)
- Tempdrop (Israel)
- Thinx (US)
- Willow (US)
- Yono Labs (US)
Recent Developments
- In January 2023, The Femtech Collective, a global community of femtech founders and investors, launched its new website. The website provides resources and support for femtech entrepreneurs.
- In February 2023, The Female Health Company, a leading femtech company, announced that it had raised $100 million in Series D funding. The funding will be used to expand the company's product offerings and reach new markets.
- In March 2023, The FDA approved the first over-the-counter (OTC) birth control pill in the United States. The pill, called Phexxi, is a hormone-free method of birth control that works by preventing sperm from fertilizing an egg.
Global Femtech Key Market Trends
- Increasing Adoption of Wearable Devices: The use of wearable devices, such as smartwatches, fitness trackers, and fertility trackers, is gaining momentum in the Femtech market. These devices offer real-time monitoring and tracking of various health parameters, empowering women to actively manage their health and well-being.
- Growing Demand for Mobile Health Applications: Mobile health applications tailored specifically for women's health are witnessing significant growth. These apps provide features such as menstrual cycle tracking, fertility monitoring, pregnancy care, and personalized health recommendations, catering to the specific needs of women and promoting proactive health management.
Global Femtech Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Femtech market analysis, the market is experiencing significant growth and is revolutionizing the healthcare industry by providing technology-driven solutions tailored to women's health needs. The market is driven by various factors, including increasing awareness and acceptance of women's health issues, advancements in digital healthcare technologies, and a growing emphasis on personalized and proactive healthcare for women. The wearables segment, including devices like smartwatches and fitness trackers, holds the largest market share, fuelled by the rising health consciousness among female users and the demand for convenient health monitoring tools. Mobile health applications are also witnessing fast growth, driven by the trend of precautionary healthcare and increasing smartphone penetration. Despite challenges such as the lack of awareness and education among women and regulatory hurdles, the market is projected to grow substantially in the coming years. The focus on women's health, advancements in digital health technologies, and increasing acceptance of Femtech solutions indicate a positive market outlook. As Femtech continues to evolve and address the unique healthcare needs of women, it has the potential to empower women worldwide and reshape the landscape of women's healthcare.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.1 billion |
| Market size value in 2031 | USD 13.15 billion |
| Growth Rate | 11.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Femtech Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Femtech Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Femtech Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Femtech Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Femtech Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Femtech Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Femtech Market Report Snapshots
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