Global Femtech Market

Femtech Market Size, Share, Growth Analysis, By Type(Devices, Software, Services, and Consumer Products), By Application(Pregnancy and Nursing Care, Reproductive Health & Contraception, Menstrual Health, General Health), By End Use(Direct-to-Consumer, Hospitals, Surgical Centers, Fertility Clinics), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35H2191 | Region: Global | Published Date: September, 2024
Pages: 157 | Tables: 61 | Figures: 75

Femtech Market News

in FemTech Market

  • In July 2024, Emagine Solutions Technology, a maternal healthcare innovative solutions provider announced the novel integration with Fitbit. This strategic collaboration will help pregnant women to use ‘The Journey Pregnancy App’ by Emagine to effectively monitor and track their health through Fitbit devices. 
  • In May 2024, Holdco Nuvo Group D.G announced its business alliance with LAMF Global Ventures Corp. This alliance will allow the company to retain its name, Nuvo, with its current operational structure and management. 
  • In May 2023, Sirona Hygiene, the Good Glamm Group-supported fem tech firm acquired Bleu, the leading condom brand in cash. This acquisition is performed to create a product line of feminine care solutions and devices in the sexual wellness domain.
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FemTech Market size was valued at USD 29.16 billion in 2022 and is poised to grow from USD 33.92 billion in 2023 to USD 113.53 billion by 2031, growing at a CAGR of 16.3% in the forecast period (2024-2031).

The dynamic and diverse competitive landscape of the global femtech market is distinguished by the amalgamation of well-established companies, emerging players, and new entrants. Key wellness and health firms are focusing on expanding their product lines to comprise femtech products like Johnson & Johnson, Procter & Gamble, and Clue. Most new entrants are emphasizing niche areas in femtech like menopause management by Gennev, menstrual health by Lola and Thinx, and fertility tracking by Ovia and Ava. Several other companies are engaged in big data and AI to offer personalized health insights for effectiveness and user engagement. 'Chiaro Technology Limited (India) ', 'Fitbit Inc. (US) ', 'iSono Health, Inc. (US) ', 'NUVO Inc. (US) ', 'Allara Health (US) ', 'HeraMED (US) ', 'Sirona Hygiene Private Limited (India) ', 'Flo Health Inc. (US) ', 'Natural Cycles USA Corp (US) ', 'Withings (France) ', 'Samplytics Technologies Private Limited (India) ', 'Clue by Biowink GmbH  (Germany) ', 'Bloomlife (US) ', 'Athena Feminine Technologies (US) ', 'Syrona Health (India) ', 'Apple Inc. (US) ', 'Google Inc. (US)'

There is a growing inclination and demand for personalized healthcare solutions that are well-tailored for women. This helps address unique societal and biological demands. Moreover, rising chronic illnesses that affect women like (PCOS) polycystic ovary syndrome and endometriosis is notably driving the need for effective healthcare solutions. Hence, these changing healthcare needs are propelling the market growth. 

Eco-Friendly and Sustainable Products: As initiatives and awareness for sustainability increases among consumers, a major shift is also seen in towards environmentally friendly femtech solutions. Businesses are creating biodegradable products, reusable items, and sustainable packaging. Moreover, the growing demand for eco-friendly options is impacting product design and promotion strategies with companies focusing on ecological responsibility, which is majorly demanded by the young population. 

Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to the strong investment landscape, growing awareness and demand, and rising technological advancements. A strong ecology of venture capital companies is heavily investing in several femtech startups, fueling development and innovations. Also, growing awareness regarding women’s health, resulting in higher demand for targeted solutions. The region also has broad penetration of wearable technology and smartphones that streamlines the use of diverse femtech products. The key players profiled in the region include Fitbit Inc., iSono Health, Inc. NUVO Inc., Allara Health, HeraMED, Flo Health Inc., Natural Cycles USA Corp, and more.    

FemTech Market size was valued at USD 29.16 billion in 2022 and is poised to grow from USD 33.92 billion in 2023 to USD 113.53 billion by 2031, growing at a CAGR of 16.3% in the forecast period (2024-2031).

The dynamic and diverse competitive landscape of the global femtech industry is distinguished by the amalgamation of well-established companies, emerging players, and new entrants. Key wellness and health firms are focusing on expanding their product lines to comprise femtech products like Johnson & Johnson, Procter & Gamble, and Clue. Most new entrants are emphasizing niche areas in femtech like menopause management by Gennev, menstrual health by Lola and Thinx, and fertility tracking by Ovia and Ava. Several other companies are engaged in big data and AI to offer personalized health insights for effectiveness and user engagement. 'Chiaro Technology Limited (India) ', 'Fitbit Inc. (US) ', 'iSono Health, Inc. (US) ', 'NUVO Inc. (US) ', 'Allara Health (US) ', 'HeraMED (US) ', 'Sirona Hygiene Private Limited (India) ', 'Flo Health Inc. (US) ', 'Natural Cycles USA Corp (US) ', 'Withings (France) ', 'Samplytics Technologies Private Limited (India) ', 'Clue by Biowink GmbH  (Germany) ', 'Bloomlife (US) ', 'Athena Feminine Technologies (US) ', 'Syrona Health (India) ', 'Apple Inc. (US) ', 'Google Inc. (US)'

There is a growing inclination and demand for personalized healthcare solutions that are well-tailored for women. This helps address unique societal and biological demands. Moreover, rising chronic illnesses that affect women like polycystic ovary syndrome (PCOS) and endometriosis is notably driving the need for effective healthcare solutions. Hence, these changing healthcare needs are propelling the FemTech market growth. 

Eco-Friendly and Sustainable Products: As initiatives and awareness for sustainability increases among consumers, a major shift is also seen in towards environmentally friendly femtech solutions. Businesses are creating biodegradable products, reusable items, and sustainable packaging. Moreover, the growing demand for eco-friendly options is impacting product design and promotion strategies with companies focusing on ecological responsibility, which is majorly demanded by the young population. 

Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to the strong investment landscape, growing awareness and demand, and rising technological advancements. A strong ecology of venture capital companies is heavily investing in several femtech startups, fueling development and innovations. Also, growing awareness regarding women’s health, resulting in higher demand for targeted solutions. The region also has broad penetration of wearable technology and smartphones that streamlines the use of diverse femtech products. The key players profiled in the region include Fitbit Inc., iSono Health, Inc. NUVO Inc., Allara Health, HeraMED, Flo Health Inc., Natural Cycles USA Corp, and more.    

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Global Femtech Market

Report ID: SQMIG35H2191

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