Industry Background:
Femtech is a service that focuses on the personal health and hygiene of women. It comprises period-tracking apps, fertility solutions, pregnancy & nursing care, reproductive system health, contraception as well as general healthcare and wellness. Growing demand for wearable devices to accurately monitor women's health conditions are key driving factors for the growth of femtech industry outlook worldwide. The market is expected to grow in the future due to the government as well as various public and private companies are rigorously investing in women health and hygiene sector.
According to AMA Research, the market for Femtech is expected to register a CAGR of 16.1% during the forecast period to 2030. This growth is primarily driven by Usage of digital technology to manage women health in developed countries
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Technology sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Sustain Natural (United States), Hera Med Ltd (Isreal), Totohealth (Kenya), Athena Feminine Technologies, Inc. (United States), iSono Health (United States) and Sera Prognostics (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Eastra Health emerged as the first biotech company to develop a hallucinogen-derived drug specifically for women for conditions such as PMS and menopause.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Influencing Trend:
Introduction of innovative femtech solutions and Increasing market demand for embryo screening, egg freezing, fertility and other services
Market Growth Drivers:
Usage of digital technology to manage women health in developed countries, Improving access to women care in remote areas and Growing demand for wearable devices to accurately monitor women health conditions
Challenges:
Lack of awareness about femtech products and applications
Restraints:
Lack of high healthcare infrastructure in some region
Opportunities:
Growing awareness regarding women health and wellness in developing countries and Increasing burden of chronic and infectious diseases among the female population
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Femtech Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Femtech Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Femtech players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Femtech Study Sheds Light on
The Femtech Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Femtech industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Femtech industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.