Inkwood Research estimates that the Global Femtech Market is evaluated to register a CAGR of 12.15% in terms of revenue during the forecasting years of 2021-2028.
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Femtech encompasses the category of software, diagnostics, products,
and services that use technology to primarily focus on the health of women. The
sector entails period-tracking apps, women’s sexual wellness, fertility
solutions, pregnancy, and nursing care, as well as reproductive health care.
Increased
Demand for Female-Specific Healthcare Solutions to Propel Market Growth
Only 4% of the global healthcare expenditure is spent on
women’s health, indicating an annual economic burden of $500 billion.
Presently, international investments of only 10% are used for female-led
start-ups. Moreover, an amalgamation of the increasing incidence of infectious
and chronic conditions among females, as well as the growing women’s health
awareness, augments the need for personalized solutions and services. In terms
of the healthcare sector, leading areas of concern for women include maternal
and child care, management of chronic diseases, access to affordable healthcare,
family planning, and fertility. Hence, the increased need for female-specific
healthcare solutions is set to play a pivotal role in augmenting the global
femtech market growth.
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Fertility
is the Fastest-Growing Indication
Infertility impacts millions of women within the
reproductive age bracket globally. In addition, mortality in women is also
linked to infertility. As per researchers, females with fertility issues have a
10% increased risk of death, and women with a history of infertility also have
a high fatality risk. There is also a 20%, 40%, and 70% increased risk of
cancer, breast cancer, and diabetes, respectively. In this regard, femtech
solutions help reduce mortalities and help women manage their fertility
conditions. Fertility care solutions comprise the diagnosis, prevention, and
treatment of infertility problems in women. Furthermore, femtech also offers
fertility care for women via fertility solutions, at-home fertility monitoring,
as well as period and fertility tracking.
Asia-Pacific
to Lead the Global Market Growth by 2028
The market in the Asia-Pacific is set to record significant
growth owing to key factors such as the increasing prevalence of chronic
conditions, the presence of local players in the region, as well as the
introduction of government initiatives to improve public health. However, the
market is likely to be hampered by the lack of knowledge and social, ethical,
and legal problems associated with protecting the patients’ clinical
information
The global femtech market is moderately consolidated,
harboring a substantial number of vendors. Subsequently, this augments the competition
among existing players distributing femtech solutions. Furthermore, with the surging
adoption of femtech products across various regions, firms offering femtech
solutions are set to increasingly contribute to the market’s competitiveness.
Hence, the industrial rivalry is expected to be intense.
Prominent firms operating in the market are Biowink GmbH, Natural
Cycles Nordic AB, Aytu Bioscience Inc, Flo Health, etc.
About Inkwood
Research
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research reports and consulting services. Market intelligence studies with
relevant fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises North & South America, CEE, CIS, Middle
East, Europe, Asia, and Africa.
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