NEW YORK, Sept. 12, 2023 /PRNewswire/ -- The femtech market is expected to grow by USD 38.07 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 12.02% during the forecast period, according to Technavio Research. The market has been segmented by end-user (direct-to-consumer, hospitals, fertility clinics, and others), type (devices, software, services, and others), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). North America is estimated to contribute 49% to the growth of the global market during the forecast period. The growth of the femtech market in the region will likely be driven by the presence of a well-established healthcare system that provides high-quality women's healthcare facilities through infertility clinics and hospitals. The infertility rate in smokers is twice as high as in non-smokers. In women, the risk of fertility problems increases with the number of cigarettes smoked daily. In addition, the USA was a major revenue contributor to the market in 2022 as the high rate of female infertility and related disorders, such as obesity, is steadily increasing, thereby increasing the cases of infertility in women. Hence, these factors are expected to drive market growth in the region during the forecast period. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read PDF Sample Report
Chiaro Technology Ltd., FemTec Health, Flo Health UK Ltd., HeraMED, Laboratory Corp. of America Holdings, Maven Clinic Co., Natural Cycles Nordic AB, Naya Health, Savantini Ltd., The Flex Co., Tia Inc., Uniq Health Inc., Upward Labs Holdings Inc., Willow Innovations Inc., WOOM Fertility S.L., YS BRANDS PVT. LTD., BioWink GmbH, IBREVE Ltd., NIRAMAI Health Analytix Pvt. Ltd., and Roman Health Ventures Inc.
Chiaro Technology Ltd. - The company offers Femtech products such as electric breast pumps and manual breast pumps, under its brand Elvie.
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FemTech Market: Segmentation Analysis
The market has been segmented by end-user (direct-to-consumer, hospitals, fertility clinics, and others), type (devices, software, services, and others), and geography (North America, Europe, Asia, and the Rest of the World (ROW)).
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FemTech Market: Market Dynamics
The increasing prevalence of sexual dysfunctions in women is driving growth in the femtech market. Sexual dysfunction is common in women and is associated with loss of desire, difficulty reaching orgasm, and pain during sex. It is believed that the occurrence of sexual dysfunction in women is due to hormonal factors, irregular menstruation, amenorrhea, insufficient vaginal lubrication, and miscarriage. In addition, sexual dysfunction in women can be caused by various chronic diseases, such as diabetes. Diabetes is one of the most common chronic diseases in the world. Furthermore, some clinical manifestations such as overweight, hypertension, obesity, metabolic syndrome, smoking, and atherogenic dyslipidemia may occur in diabetic patients as risk factors for dysfunction. Hence, these factors are expected to drive market growth during the forecast period.
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What are the key data covered in this femtech market report?
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-User
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
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