The Global FemTech Market is projected to experience a Compound Annual Growth Rate (CAGR) growth of approximately 13.52% throughout the forecast period spanning from 2023 to 2028. This growth is primarily propelled by several factors, including the increasing adoption of digital health solutions, advancements in artificial intelligence and virtual assistance, augmented investments and funding, heightened female consciousness about personal health and hygiene, a surge in infectious diseases affecting women, substantial investments originating from governmental bodies and various organizations. To capture the growing market portion, some of the key companies such as HeraMED, Sera Prognostics, iSono Health, Inc., Flo Health Inc., NUVO Inc., Natural Cycles USA Corp, Athena Feminine Technologies, Inc., NUROKOR LIMITED, Canopie, Univfy Inc., Glow Inc., Clue by Biowink GmbH, Oura Health Oy., Ava, Laboratory Corporation of America® Holdings, Baymatob Operations Pty. Ltd., Expectful, Evofem Biosciences, Inc., March Inc., Syantra Inc., and others actively working in the Global FemTech Market.
DelveInsight’s “FemTech Market Insight, Competitive Landscape and Market Forecast 2028” research report provides the current and forecasted FemTech market size, share, and trends analysis for the next five years. Moreover, it highlights the ongoing innovations in the segment, major market drivers & barriers, key competitors, and emerging devices in the domain.
FemTech Market: Overview
FemTech, short for “Female Technology,” refers to a category of technology and innovation that specifically focuses on addressing women’s health and wellness needs. It encompasses a wide range of products, services, and solutions that leverage technology to improve various aspects of women’s lives, including reproductive health, maternal care, menstrual health, sexual wellness, fertility tracking, pregnancy monitoring, menopause management, and more.
FemTech products and services can include mobile apps, wearable devices, smart medical devices, online platforms, virtual health consultations, and other digital solutions. The goal of FemTech is to empower women by providing them with better access to information, personalized healthcare, and tools to manage their health and well-being throughout different stages of life.
FemTech has gained significant attention in recent years as discussions about women’s health and gender-specific healthcare needs have grown. The field seeks to address historical gaps in medical research and technological innovation that have often overlooked or underserved women’s unique health concerns. As FemTech continues to evolve, it holds the potential to reshape how women engage with their health, receive medical care, and make informed decisions about their bodies and lives.
To provide a better understanding of the market dynamics, DelveInsight’s “FemTech Market” report provides an in-depth assessment of the market by product type (which is further segmented as devices, software, and services), application (such as reproductive health, pregnancy & nursing care, pelvic & uterine healthcare, general healthcare & wellness, and others), and end-user (hospitals, fertility clinics, diagnostic centers, and others). According to DelveInsight’s assessment, the reproductive health sector is anticipated to hold a substantial portion of the revenue within the FemTech market’s application segment in the upcoming years. This trend can be attributed to the growing occurrence of diverse reproductive conditions and the integration of FemTech tools and services in the treatment and control of these reproductive disorders.
FemTech Market Analysis
The expansion of the FemTech market is being driven by a range of factors, with a significant contributor being the rising desire for digital technologies and the widespread adoption of these technological services by individuals. All segments and age groups of the population have demonstrated an upsurge in internet and smartphone usage in recent times across the globe. The primary goal of FemTech technology is to address the health concerns and needs of women globally. The utilization of FemTech technologies to enhance the comprehension and diagnosis of women’s issues has led to a noteworthy request for FemTech services.
The FemTech products market has been propelled by the diverse implementation of digital technology in various regions to cater to women’s healthcare needs. The escalation of infectious diseases among women has resulted in a surge in demand for FemTech offerings aimed at managing, treating, and diagnosing such ailments. An important driver of the FemTech market is the widespread availability of mobile applications designed to monitor fertility and pregnancy. Additionally, the growing acceptance of healthcare approaches that strive to enhance women’s involvement in clinical research is further propelling the FemTech market. Besides, the rising investments by the government and other public and private organizations are another factor for the high growth of the FemTech products market.
Nonetheless, challenges such as cybersecurity and privacy apprehensions, limited awareness regarding FemTech products and their applications in developing countries, along with other factors, might impede the expansion of the FemTech market.
Interested to know more about the ongoing developments in the market? Visit to get an in-depth insight @ FemTech Types and Emerging Products
FemTech – Global Market Assessment and Forecast
North America is projected to dominate the global FemTech market in terms of market share in the upcoming years. This is attributed to factors such as the elevated occurrence of cancer among women, an increase in lifestyle-related ailments, and widespread acceptance of technologically advanced products, among others in the North American region. Furthermore, a noticeable trend has emerged indicating that a significant portion of individuals within the region are increasingly gravitating towards FemTech products and services as a solution to address infertility. This shift can be attributed to various factors, including lifestyle changes, which are directly linked to the growing prevalence of female infertility.
Moreover, the region benefits from a substantial disposable income, well-developed healthcare infrastructure, the rising preventative care use, and heightened awareness regarding FemTech products and services among the intended audience, all of which have further propelled the market growth in this particular area. Similarly, as smartphone usage continues to expand and the demand for intelligent health solutions grows, the healthcare sector in North America is anticipated to undergo swift digital transformation. Coupled with the factors mentioned above, strategic activities such as product launches and approvals, mergers, acquisitions, partnerships, investments, and others also help boost regional product demand.
Interested in knowing how the market will grow by 2028? Click to get a snapshot @
FemTech Market Trends and Developments
FemTech Market – Key Developments and Breakthroughs
Over the years, the FemTech market has evolved significantly, owing to the active participation of the global MedTech companies and technological advancements in the domain. Similarly, several clinical, commercial, and regulatory developments have also been registered in the domain. Some of the major advancements in the FemTech market in recent years include –
- In November 2022, London-based accelerator FemTech Lab launched an innovation space for the FemTech community. The FemTech Hub is the first physical innovation hub dedicated to women’s health, especially.
- Maven Clinic, a teletherapy firm with a focus on women’s health, raised USD 90 million in Series E fundraising in November 2022, in the year’s largest FemTech deal. Maven has reportedly raised more than USD 300 million in total capital.
- In June 2022, companies in Japan introduced “FemTech” or “Female technology,” under which attention is being paid to the health of female employees. This initiative was undertaken by the Ministry of Economy, Trade, and Industry in Japan.
- In April 2022, a FemTech startup, Conceive, received USD 3.7 million in funding that would be used for its outcomes-oriented fertility solution.
- In August 2021, LabCorp, a leading global life sciences company, acquired Ovia Health, a digital health platform used by millions of women seeking information and support with family planning, pregnancy, and parenting.
- In July 2021, the US FDA approved and gave clearance to Natural Cycles to use body temperature data readings collected by smart wearables, such as Oura smart ring, for assessing a woman’s fertility and managing pregnancy.
- In March 2021, Clue received the U.S. FDA clearance for the launch of Clue Birth Control—a digital contraceptive built-in Clue application that can predict ovulation statistically by using a tool for birth control.
Learn more about major clinical and commercial development in the market @ FemTech Market – Clinical and Commercial Development Activities
Key Companies in the FemTech Market
Globally, some of the leading MedTech giants working in the FemTech market include HeraMED, Sera Prognostics, iSono Health, Inc., Flo Health Inc., NUVO Inc., Natural Cycles USA Corp, Athena Feminine Technologies, Inc., NUROKOR LIMITED, Canopie, Univfy Inc., Glow Inc., Clue by Biowink GmbH, Oura Health Oy., Ava, Laboratory Corporation of America® Holdings, Baymatob Operations Pty. Ltd., Expectful, Evofem Biosciences, Inc., March Inc., Syantra Inc., and others. Due to increasing demand and favorable revenue generation prospects, a number of new entrants are expected to join the market, resulting in heightened competitiveness within the sector.
Learn how new players’ entries will transform the market dynamics in the coming years @ FemTech Competitive Landscape
Scope of the FemTech Market Report:
- Study Period – 2020-2028
- Geography Covered – North America, Europe, Asia-Pacific, and Rest of the World
- FemTech Market Assessment by
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- Product Types – Devices, Software, and Services
- Application – Reproductive Health, Pregnancy & Nursing Care, Pelvic & Uterine Healthcare, General Healthcare & Wellness, and Others
- End-User – Hospitals, Fertility Clinics, Diagnostic Centers, and Others
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- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s Views
Table of Content
| 1 | Report Introduction |
| 2 | Executive Summary |
| 3 | Regulatory and Patent Analysis |
| 4 | FemTech Market Key Factors Analysis |
| 5 | FemTech Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on the FemTech Market |
| 7 | FemTech Market Layout |
| 8 | FemTech Global Company Share Analysis – Key 3–5 Companies |
| 9 | FemTech Product Profiles and Key Companies |
| 10 | Project Approach |
| 11 | KOL Views |
| 12 | DelveInsight Capabilities |
| 13 | Disclaimer |
| 14 | About DelveInsight |
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