Femtech Global Market Sees Growth Rate Of 17% Through 2026

The global femtech market size is expected to grow from $28.19 billion in 2021 to $32.72 billion in 2022 at a compound annual growth rate (CAGR) of 16.09%. The growth in the market is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global femtech market size is expected to reach $60.79 billion in 2026 at a CAGR of 16.62%.

What is the Global Femtech Market?

The femtech market consists of sales of femtech by entities (organizations, sole traders, and partnerships) that use technology to support women's health. Femtech uses software, diagnostics, products, and services to cater to female biological needs.

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What drives the Global Femtech Market?

The rise of digital healthcare is expected to propel the growth of the femtech market. Digital health care technologies use connectivity, software, and sensors for health care and related uses. For instance, in October 2020, according to the Center for Disease Control and Prevention’s (CDC) data from four of the largest U.S. telehealth providers, during the first quarter of the year 2020, the number of telehealth visits increased by 50%, compared with the same period in the year 2019, with a 154% increase in visits noted in surveillance week 13 in 2020, compared with the same period in 2019. Therefore, the favorable consumer perception and tangible investments in digital health are expected to propel the growth of the femtech market.

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Global Femtech Market Segments
The global femtech market is segmented:
By Type: Devices, Software, Services, Others
By End-Use: Direct-to-Consumer, Hospitals, Fertility Clinics, Surgical Centers, Diagnostic Centers
By Application: Reproductive Health, Pregnancy and Nursing Care, Pelvic and Uterine Healthcare, General Healthcare and Wellness, Others
By Geography: The regions covered in the femtech market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Femtech Global Market Report 2022provides market size and growth forecasts for the global femtech market, global femtech market share, femtech market segments and geographies, femtech market competitive landscape including leading competitors’ revenues, profiles and market shares. The femtech market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Femtech Industry Playersinclude Athena Feminine Technologies, Sustain Natural, Sera Prognostics, HeraMED, iSona Health, Totohealth, Minvera, Nuvo, Elvie, Biowink, and Lia. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.