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Femtech Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-09-08 

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.

The global femtech market has risen to be a pivotal sector in the healthcare and medical devices domain. This can be attributed to the rise in infectious diseases among the women population worldwide and the subsequent demand for advanced, female-centric tech devices.

In a nutshell, female technology devices mainly provide digital assistance to women for period tracking, fertility solutions, sexual wellness, etc. They also help detect different types of illnesses through digital advanced products. The rising inclination of the female patient base towards technology-oriented treatment coupled with the availability of minimally invasive procedures is likely to foster the growth of femtech market. 

According to the latest research report compiled by GMI femtech market share will surpass a valuation of USD 48 billion by the year 2025.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/4442

With reference to the type segment, the devices sector was valued for over $8.5 billion in 2018. The segment is projected to further witness higher growth opportunities in the coming years. Femtech devices are widely used since they offer digital assistance to women regarding sexual wellness, fertility solutions, pregnancy, reproductive system health care, and period tracking.

Earlier in the industry, there were no devices that were designed specifically for women. Additionally, the companies designing products only for women customers have failed in the past.

However, in recent years, this trend seems to be changing. Several startups and companies are aiming to create digitally advanced femtech devices created specifically for women’s needs and fill up the gap left by major technology companies. This development is likely to be a major factor that would augment the growth of the segment in the forthcoming timeframe.

The reproductive health sector is projected to observe growth of more than 15% in the coming years. Usually, there is a huge stigma around a women’s menstrual cycle. Women, precisely from rural areas, are yet unaware of some sanitary alternatives like menstrual cups and tampons. Major companies have already produced the devices which are aimed precisely at women’s health care system.

Femtech is utilized to produce smart devices that would advantage women during their menstrual pain. Citing an instance, iPulse Medical manufactured Livia, a wearable device that can be used to offer relief during menstrual pain. Livia stimulates nerves to give relief from the menstrual cramps, further augmenting the growth of the segment.

With reference to the end-use segment, hospitals category is estimated to observe about 16% growth rate in the forthcoming timespan. This development can be credited to the presence of well-established healthcare infrastructure, availability of skilled healthcare technicians and emergency facilities across the globe.

Moreover, hospitals nowadays boast of highly advanced equipment and technology and also serve as a primary base for major surgeries conducted globally. In addition, hospitals have heavy adoption rates for technologically advanced machines that are used for women’s therapy.

Furthermore, suitable reimbursement policies for the medical procedures conducted in hospital settings would further increase patient visits across hospitals, majorly driving the hospital segment growth through 2025.

All in all, the aforementioned growth trends are likely to create a number of lucrative investment opportunities for femtech market players on a global setting. 

Browse full table of contents (TOC) of this report @  https://www.gminsights.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 fractovia 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 sport. [email protected] | https://twitter.com/RonakBora26

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