What You Ought to Know:
– The worldwide femtech market dimension is anticipated to develop from $12.65 billion in 2022 to $22.29 billion by 2028, with an estimated CAGR of 9.9% from 2022 to 2028, based on the latest Insight Partners report.
– The report reveals that the worldwide femtech market development is pushed by growing demand for medical units used within the feminine well being business and rising demand for technologically superior femtech merchandise.
Femtech Market Drivers
The Femtech market skilled a major optimistic impression of COVID-19 as a number of life-style ailments affected girls’s well being. Throughout the pandemic, girls confronted the growing concern of well being circumstances reminiscent of reproductive illness resulting from modified life-style habits, psychological well being, excessive danger of creating metabolic syndrome, and different continual ailments. In being pregnant, primarily miscarriages, stillbirths, and delivery issues arose, resulting in nervousness, melancholy, and hormonal imbalance.
Associated: Femtech – Changing Dynamics of Women’s Healthcare
With rising well being issues, coupled with restrictive pointers throughout the pandemic, business leaders developed modern software program, providers, and merchandise with using digital technology to succeed in distant areas the world over. The brand new era providers present distant healthcare providers to healthcare professionals in hospitals, fertility clinics, and diagnostic facilities, in addition to to sufferers remotely.
In 2020, based on McKinsey Insights, round 45 to 50 new girls’s well being startups had been based, and these start-ups raised roughly US$ 2.5 billion in 2020–2021. Digital health startups targeted on girls noticed a rise in funding by round 105% in 2020.
