Femtech Market – Global Outlook & Forecast 2021-2031

Femtech Market by Offering [Devices, Software and Services], Application [Fertility & Reproductive Health; Pregnancy, Maternity & Nursing Care; Pelvic & Uterine Health; General Healthcare & Wellness], End User [Hospitals, Fertility Clinics and Direct to Consumer] – Global Analysis & Forecast 2021-2031

Clairvoyance Research conducted an in-depth market analysis study of the global femtech market. According to the study, the market was valued at ~US$ 497.2 million in 2020. The market is expected to witness a CAGR of ~12.8% from 2021 to 2031. 

Increasing prevalence of chronic & infectious diseases among women, growing awareness about women health & well-being, rising adoption of digital health solutions, technological advancements and significant increase in venture capital investments are some of the pivotal factors propelling the growth of the femtech market. However, ethical concerns related to products, myths related to women’s health and lack of awareness about sexual health & menstrual hygiene are likely to hinder the growth of the market to a certain extent.

With an aim to fast-track the development of femtech and to meet the needs of the healthcare sector, several initiatives such as providing necessary grants, funding’s, clearances & approvals have been instigated by various organizations and government agencies across the world. For instance, in Jun 2021, Hertility Health, a women’s health startup announced the closing of a €4.8 million (US$ 5.7 million) seed funding round. The funding will allow Hertility Health to expand its product offerings & clinical trials and help to establish itself as a scientific and clinical educational health hub for women. 

Women play an important role as a primary caregiver in the family. Around 90% of women are primary decision maker for their family and around 40% of women are part of the “sandwich generation,” providing care to both aging parents and children living at home. But often women health is sidelined owing to various personal and cultural reasons, making them prone to various health problems. According to the survey, around a quarter of U.S. women don’t receive primary care owing to lack of time and busy schedule. In recent years, increasing global campaigns focusing on women’s issues has created awareness about health and wellness among women. This has increased the demand for early disease detection and treatment amongst women, thereby propelling the growth of the market.

In order to be competitive in the market, several prominent players are progressively implementing several strategies such as technological advancements, acquisitions and/or collaborative initiatives with several organizations, research centers & companies for R&D activities. For instance, in May 2021, Ro, a healthtech company announced the acquisition of Modern Fertility, a reproductive health company focused on addressing gaps in women’s healthcare through fertility testing, research, education and community. The acquisition is expected to fortify Ro’s position in the women health industry.

However, myths and taboos related to women’s health mainly in rural area due to lack of education, lack of awareness and lack of access to hygiene products are expected to limit the adoption of femtech.

The femtech market is marked by presence of prominent players such as Natural Cycles USA Corp, Bloomlife, Chiaro Technology Ltd and Elvie, Ava Science Inc., Grace Health, Calm, HeraMED Ltd, NUVO Inc., Clue, Athena Feminine Technologies, Inc. and Bonzun IVF. Other players operating in the market are Ovia Health, Univfy Inc., Carrot, iBreve, Babyscripts, Peppy Health, WOOM, B-wom, Calm, Gynica, Lattice Medical, LactApp, Kheiron Medical Technologies, among others.

About Us

Clairvoyance Research is a leading market research and consulting firm, based out in Kolkata, India. Our research solutions are structured around the following verticals: Healthcare (Medical Devices, Biotechnology, Healthcare IT, Pharmaceuticals, and Others), Food & Beverage, Consumer Goods, Automotive & Transportation, Chemicals & Materials & Others.

Our main offerings are syndicate reports and consulting assignments – We track a number of verticals and strategically publish syndicate reports on topics that have traction in the market. Over the years, we have developed a forte in executing consulting assignments – Clairvoyance Research has been a trusted partner to over 300 global organizations including Fortune 500 companies. We partner with clients from across the globe to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. We have a rich pool of clientele spanning leading medical device/biotechnology/healthcare IT/pharmaceutical companies, IT/FMCG/automotive/food & beverage companies, consulting companies, private equity firms, venture capitalists, investment banks, government bodies, academic/research institutes, and universities.

We internally house one of the best talents in the industry – Industry Veterans [Subject Matter Experts (SMEs), Key Opinion Leaders (KOLs)] from different verticals with a profound experience of several decades are there on our panel. At each stage of the study, these experts add value to our reports and consulting assignments. We nurture crème de la crème resources; our analysts/consultants come from robust educational backgrounds. The rich pool of experts and analysts/consultants at Clairvoyance Research ensures that the final research study is accurate, universally accepted, and of the highest quality.

Contact Us

[email protected]

Website: www.clairvoyanceresearch.com