Global Femtech Market to reach USD 12278.9 million by the end of 2029

Global Femtech Market is valued at approximately USD 5243.8 million in 2021 and is anticipated to grow with a healthy growth rate of more than 11.38% over the forecast period 2022-2029. Femtech industry refers to a range of health software and tech-enabled products that cater to female biological needs like Menstrual cycle tracking, Fertility, Pregnancy solutions. The Femtech based application helps in General health and wellness diagnostics, Reproductive health insights and Pregnancy and family care. The Femtech market is expanding because of factors such as surging in prevalence of female-specific diseases and Increasing Smartphone penetration. However, growing cybersecurity and privacy concerns may halt market growth.

According to the World Bank, the total fertility rate among women is continuously decreasing across the globe. In 2020, the fertility rate is estimated to account for 2.7 births per woman, which reduces and is recorded at 2.4 births per woman. The fertility rate globally is declining steadily due to factors including rising age-related infertility, as well as the growing trend of late marriages. Moreover, the global fertility rate is also expected to fall to 2.2 children per woman by 2050. As a result, this declining fertility rate has led to a significant rise in the demand for Femtech products and services in the global market. In addition, according to the Pew Research Center, in 2019, over 5 billion people globally were using mobile devices, in which more than half of the devices were accounted as smartphones. Moreover, the data published in the journal BMJ reported that in 2021, there were more than 2.87 million mobile applications available on the Google Play store and 1.96 million apps on the Apple Store, in which 99,366 applications accounted for health, medical, and fitness categories. Thus, the rising access to the internet by adopting various connected devices like smartphones plays a significant role in the market demand all over the world. However, Growing cybersecurity and privacy concerns stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Femtech Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the region’s rising digital transformation in healthcare sector and increasing number of funding opportunities for women focused digital health start-ups. Meanwhile, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as Rising proliferation of digital health and increase in development of femtech apps in the market space.

Major market player included in this report are:
Flo Health, Inc
Natural Cycles USA Corp
Glow, Inc
Clue by Biowink GmbH
Withings
iSona Health
Fitbit, Inc
iBreve
Apple, Inc
Ava AG

Recent Developments in the Market:
 In July 2021 Food and Drug Administration USA clears Natural Cycles birth control app for use with wearable devices to track the temperature with a basal thermometer. The software is 93% effective at preventing unwanted pregnancies.

 In July 2022 — Medable Inc., the leading SaaS platform provider for patient centered clinical trials, announced a new partnership with Withings Health Solutions, to Medable’s decentralized clinical trial platform, reducing the burden on sponsors and sites while empowering patients to participate in trials from home.

 In Jan 2022 Ava, FDA-cleared fertility tracking wearable, will now be available as a workplace family-building benefit support tool through a partnership with WINFertility. The partnership will allow WIN to make the Ava bracelet available to its members, providing an alternate pathway to access data-driven technology that increases the chances of natural conception.

Global Femtech Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Wearables
Mobile Apps

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World