Femtech Market 2020 by industry trends, statistics, key companies growth and regional forecast
Category: #business  By Ronak Bora  Date: 2021-03-24
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Femtech Market 2020 by industry trends, statistics, key companies growth and regional forecast

Femtech Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Femtech, or female technology, has been one of the fastest growing trends in the healthcare sector. Over the past few years, there has been a significant uptick in the occurrence of chronic and infectious diseases among the global female population. This can be largely associated with unhealthy and sedentary lifestyles coupled with lack of adequate nutrition. Femtech companies are focusing on developing effective treatments, diagnostics, products, software and services for women.

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Meanwhile, government organizations are taking necessary steps to raise awareness regarding women’s health. Future femtech trends are anticipated to be driven by ongoing technological developments and the introduction of novel minimally-invasive technologies. Estimates suggest that global femtech market size will be worth more than US$48 billion by 2025, owing to higher prevalence of chronic health conditions in developing regions.

Femtech products are generally available as software, devices, and services. Femtech devices market size was valued at approximately US$8.5 billion in 2018. Women can use different femtech devices to seek digital assistance regarding reproductive health, pregnancy, period tracking, sexual health, and fertility.

Earlier, there were no tech devices in the market specifically tailored for women. Also, companies that developed female technology products had failed earlier. However, this trend has changed over the past few years. Many femtech companies and startups are now aiming to design digitally-advanced products to suit women’s needs.

Femtech products find extensive application in general healthcare & wellness, pregnancy & nursing care, reproductive health, and pelvic & uterine health. Reproductive health application segment was anticipated to record a CAGR of around 15% between 2019-2025. Even today, there is a lot of stigma surrounding menstruation and women’s reproductive health.

Women, particularly in rural and underdeveloped regions, are still unaware of sanitary options such as menstrual cups and tampons. Several femtech companies have developed smart devices that can help women alleviate menstrual pain. Citing an instance, iPulse Medical Ltd. had launched Livia, a smart wearable device, that stimulates nerves to offer relief from menstrual cramps.

Hospitals, surgical centers, fertility clinics, and diagnostic centers are among the major end-users of femtech products. Hospitals segment in femtech industry is poised to record a CAGR of 16% through 2025. Majority of this growth can be linked with robust developments in healthcare infrastructure and emergency facilities along with the availability of skilled technicians.

Most surgical operations are performed in hospitals as they are equipped with suitable technology and highly-advanced equipment required for these procedures. Undoubtedly, hospitals are among the leading consumers of femtech products and devices.

The incidence of chronic and infectious diseases among women has been considerably higher in low and middle-income regions. This can be attributed with an unhygienic living environment in these countries. Citing statistical data from the World Bank, in South Africa, the occurrence of HIV among girls aged between 15 and 24 was estimated to be nearly 10.2% during 2017.

In the Asia Pacific region, a massive population with infectious diseases and chronic health conditions is driving the regional femtech market trends. APAC femtech industry had captured around 22% revenue share in 2018. 

Browse full table of contents (TOC) of this report @  https://www.decresearch.com/toc/detail/femtech-market

Partial Chapter of the Table of Content 

Chapter 4. Femtech Market, By Type

4.1. Key segment trends

4.2. Devices

4.2.1.  Market size, by region, 2014 – 2025 (USD Million)

4.3. Software

4.3.1.  Market size, by region, 2014-2025 (USD Million)

4.4. Services

4.4.1.  Market size, by region, 2014-2025 (USD Million)

Chapter 5. Femtech Market, By Application

5.1. Key segment trends

5.2. Reproductive health

5.2.1.  Market size, by region, 2014-2025 (USD Million)

5.3. Pregnancy & nursing care

5.3.1.  Market size, by region, 2014-2025 (USD Million)

5.4. Pelvic & uterine healthcare

5.4.1.  Market size, by region, 2014-2025 (USD Million)

5.5. General healthcare & wellness

5.5.1.  Market size, by region, 2014-2025 (USD Million)

5.6. Others

5.6.1.  Market size, by region, 2014-2025 (USD Million)

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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