Femtech Market – Global Outlook & Forecast 2021-2031

Femtech Market – Global Outlook & Forecast 2021-2031

Market Introduction

In recent years, digital and mobile technologies have transformed the way health data is accessed, used and shared. Technological advancements in mobile applications, wearable technologies, artificial intelligence (AI) and internet of things (IoT) has taken revolutionary steps to balance out gender disparities. This has led to emergence of a female-centric health technology market ‘Femtech’ that utilizes technology as a proponent for women’s health and overall wellness.

Femtech also known as female technology is a technology tailored towards the needs of women. It is a term applied to a category of software, diagnostics, products and services that focus on sexual wellness, fertility & birth control, pregnancy & post pregnancy, breast feeding, menstruation & period care, menopause, diagnostic tests & screening, chronic conditions & hormonal disorders, homecare & elderly care, chronic disease management, nutrition & fitness, mental health, pelvic health and general healthcare.

Market - Headwinds & Tailwinds

The global femtech market is mainly driven by technological advancements, increasing prevalence of chronic & infectious diseases among women, growing awareness about women’s health & well-being and rising adoption of digital health solutions. Significant increase in venture capital investments is also playing a pivotal role in contributing to growth of the market globally. However, strict policies related to advertising of women’s health products & services, 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.

 

Market Segmentation & Insights

The global femtech market has been analyzed from four main perspectives: Offering, Application, End User and Region.

Femtech Market, By Offering

Based on offering, the femtech market has been segmented into devices, software and services. The software segment is expected to be the fastest growing segment in the market during forecast period, owing to launch and adoption of various mobile based apps which provide personalized care.

Femtech Market, By Application

Based on application, the femtech market has been segmented into fertility & reproductive health, pregnancy, maternity & nursing care, pelvic & uterine health and general healthcare & wellness. The fertility & reproductive health is the largest application segment of the femtech market. Growth of the segment is driven by growing conceiving issues amongst women, choice of women to have a baby at a later age, favorable pouring of funding from investors, increasing awareness about menstrual health and growing adoption of different solutions for tracking menstrual cycle & monitoring symptoms related to menstrual health.

Rising penetration of AI in fertility & reproductive health segment is another key factor driving fertility & reproductive health application segment. There has been consistent increase in the number of reproductive health focused AI companies. These companies offer solutions that help in better understanding of reproductive health at all stages which in turn helps to monitor cycles and fertility windows.

Femtech Market by End User

Based on end user, the femtech market has been segmented into hospitals, fertility clinics, direct-to-consumer and others (diagnostic centers, surgical centers, etc.). The direct-to-consumer segment holds the largest share in the market. The growth of the segment can be attributed to availability of large number of user-friendly apps & solutions that assist women through pre-pregnancy, pregnancy to the post-pregnancy stage at home care settings.

Femtech Market by Region

Based on region, the global femtech market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America dominated the femtech market, followed by Asia Pacific. The large share of North America in the global market can largely be attributed to the rising prevalence of diseases related to women, growing awareness of women’s health education, presence of key prominent players and rising investment for development of technology focusing on women’s health & wellbeing.

Competitive Landscape

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.

Snapshot: Industry Developments

  • In Jun 2021, Women Who Tech, a non-profit organization that funds and showcases women-led ventures, launched its first worldwide FemTech and HealthTech Grants Challenge to help close the funding gap for women-led startups and accelerate innovation to address pressing global healthcare issues. The initiative was launched to support femtech and healthtech start-ups with grants, fundraising and investments
  • In Jun 2021, Mombox, a direct-to-consumer postnatal care kit company announced the acquisition of WellNested, a technology solutions company designed to help new parents find and book postnatal care services
  • In Mar 2021, Carbomed Medical Solutions, the company that launched breathe ilo, the world’s first fertility tracker announced £2.5M (~$3.5M) in funding to continue its expansion in the UK market
  • In Oct 2020, Lady Technologies announced the launch of its FDA-registered kegg, the first 2-in-1 device that combines fertility tracking with pelvic floor exercising. The device uses advanced sensing technology to sense changes in electrolyte levels to detect hormonal switch from estrogen to progesterone that accompanies a woman's fertile window and ovulation
  • In Oct 2020, Clementine, a femtech startup company secured around €1.1M (US$ 1.3M) to improve the emotional wellbeing of millions of women. Clementine provides virtual professional hypnotherapy sessions to empower women to feel more confident

 

Key Insights Captured in the Report

  • Quantitative (market size and forecasts) and qualitative insights of the market across years - historical years, current year and forecasted years
  • Deep-rooted insights on headwinds, tailwinds and opportunities prevailing in the market
  • Quantitative (market size and forecasts) and qualitative insights at segment and sub-segment level
  • Comprehensive quantitative (market size and forecasts) and qualitative insights on geographic, regional and country level markets
  • Granular insights on the competitive landscape prevailing in the market
  • Competitive mapping of strategic developments

Scope of the Femtech Market Report

Report Metrics Details
Market Size Period 2018-2031
Base Year 2020
Forecast Period 2021-2031
Market Segments Asessment of Femtech Market By:
• Offering
• Application
• End-User
• Region
Geographic Scope North America
◦ U.S.
◦ Canada
• Europe
◦ Germany
◦ UK
◦ France
◦ Rest of Europe (RoE)
Asia Pacific
◦ China
◦ Japan
◦ India
◦ Rest of Asia Pacific (RoAPAC)
Rest of the World
◦ Latin America
◦ Middle East & Africa
Companies Covered 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., Bonzun IVF, Ovia Health, Univfy Inc., Carrot, iBreve, Babyscripts, Peppy Health, WOOM, B-wom, Calm, Gynica, Lattice Medical, LactApp, Kheiron Medical Technologies, among others.

1    RESEARCH ENVELOPE
1.1    Market Classification
1.2    Scope of the Study
1.2.1    Timeline Considered for Market Study
•    Historic Years – 2018 & 2019
•    Base Year – 2020
•    Projected Years – 2021 to 2031
1.3    Currency Used in the Report
2    RESEARCH METHODOLOGY 
2.1    Research Approach
2.2    Data Collection Methodology
2.3    Data Sources
2.3.1    Secondary Sources 
2.3.2    Primary Sources 
2.4    Market Crackdown Methodology
2.4.1    Bottom-Up Approach
2.4.2    Top-Down Approach
2.5    Data Forecasting Model
2.6    Limitations and Assumptions for Study    
3    HEADWINDS & TAILWINDS ASSESSMENT
4    MARKET OPPORTUNITIES ASSESSMENT
5    PREMIUM INSIGHTS

5.1    Key Market Trends 
5.2    Key Players & Their Competitive Positioning (2020) 
5.3    Business Model Assessment
5.3.1    Company Overview
5.3.2    Products/Services Offered
5.3.3    Adopted Business Model for Revenue Generation
5.3.4    Pricing Snapshot
5.3.5    Clientele
5.3.6    Future Outlook
5.3.7    Unique Selling Proposition (USP)
5.3.8    Funding Overview
5.3.9    Industry Awards & Recognition
6    GLOBAL FEMTECH MARKET - ANALYSIS & FORECAST, BY OFFERING
6.1    Devices
6.2    Software
6.3    Services
7    GLOBAL FEMTECH MARKET - ANALYSIS & FORECAST, BY APPLICATION
7.1    Fertility & Reproductive Health
7.2    Pregnancy, Maternity & Nursing Care
7.3    Pelvic & Uterine Health (Including Urogenital & Menstrual Health)
7.4    General Healthcare & Wellness (Including Mental Health, Sexual Wellness, Homecare & Elderly Care, Chronic Disease Management, Nutrition & Fitness, Diagnostic Tests & Screening)
8    GLOBAL FEMTECH MARKET - ANALYSIS & FORECAST, BY END USER
8.1    Hospitals 
8.2    Fertility Clinics
8.3    Direct to Consumers
8.4    Others (Diagnostic Centers, Surgical Centers, Etc.)
9    GLOBAL FEMTECH MARKET - ANALYSIS & FORECAST, BY REGION
9.1    North America Femtech Market

9.1.1    North America Femtech Market, By Country
9.1.1.1    U.S.
9.1.1.2    Canada
9.1.2    North America Femtech Market, By Offering
9.1.3    North America Femtech Market, By Application
9.1.4    North America Femtech Market, By End User
9.2    Europe Femtech Market
9.2.1    Europe Femtech Market, By Country/Region
9.2.1.1    Germany
9.2.1.2    U.K
9.2.1.3    France
9.2.1.4    Rest of Europe (ROE)
9.2.2    Europe Femtech Market, By Offering
9.2.3    Europe Femtech Market, By Application
9.2.4    Europe Femtech Market, By End User
9.3    Asia Pacific Femtech Market
9.3.1    Asia Pacific Femtech Market, By Country/Region
9.3.1.1    China
9.3.1.2    Japan
9.3.1.3    India
9.3.1.4    Rest of Asia Pacific (RoAPAC)
9.3.2    Asia Pacific Femtech Market, By Offering
9.3.3    Asia Pacific Femtech Market, By Application
9.3.4    Asia Pacific Femtech Market, By End User
9.4    Rest of the World (RoW) Femtech Market
9.4.1    Rest of the World Femtech Market, By Region
9.4.1.1    Latin America
9.4.1.2    Middle East & Africa
9.4.2    Rest of The World Femtech Market, By Offering
9.4.3    Rest of The World Femtech Market, By Application
9.4.4    Rest of The World Femtech Market, By End User
10    COMPANY PROFILES    
10.1    Natural Cycles USA Corp
10.1.1    Business Overview
10.1.2    Financial Metrics*
10.1.3    Product & Services Portfolio
10.1.4    Key Developments
10.2    MobileODT
10.3    Callaly
10.4    Bloomlife
10.5    Babyscripts
10.6    Peppy Health
10.7    Chiaro Technology Ltd and Elvie
10.8    Ava Science Inc.
10.9    Ovia Health
10.10    Grace Health
10.11    Carrot
10.12    WOOM
10.13    HeraMED Ltd
10.14    NUVO Inc.
10.15    Calm
10.16    Clue
10.17    Athena Feminine Technologies, Inc.
10.18    Bonzun IVF
10.19    Kheiron Medical Technologies
10.20    Lattice Medical
10.21    Gynica
10.22    LactApp

*Insights on financial metrics is subject to availability of information in the public domain
 

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