Femtech Market

Femtech Market Outlook (2024 to 2034)

The global femtech market is expected to be worth USD 27,956.4 million in 2024. For 2023, the value was tipped to be USD 26,818.2 million. The market is projected to show an average growth over the period from 2024 to 2034, with a CAGR of 4.5%. By 2034, the size of the market is predicted to expand to USD 43,406.1 million.

Femtech Market Overview

• There has been a greater drive to educate the general populace about women’s issues. Aided by the de-stigmatization of concerns relating to women’s health, femtech is playing its part as an educational tool.
• People affected by sexually transmitted infections and diseases are growing. There is a need for women to ward off the threat of STIs. Femtech is one tool through which women are being educated about and combating STDs.
• Pregnant women constitute a significant concern for femtech. The help of femtech is being availed for all-around maternity care. Femtech is also getting increasingly involved in the care of new mothers.
• In underdeveloped areas of the world, women’s issues have trouble getting the spotlight. Femtech is being employed in areas where women’s issues have not gained prominence. With the help of femtech, women’s issues are being highlighted in less advanced countries of the world.

Attributes	Details
Femtech Market Value for 2024	USD 27,956.4 million
Projected Market Value for 2034	USD 43,406.1million
Value-based CAGR of Market for 2024 to 2034	4.5%

Historical Performance of the Femtech Market

The size of the femtech market was marked to be USD 23,587.0 million in 2019. The market progressed at a consistent pace over the historical period from 2019 to 2023, with a CAGR of 3.1%.

As the world became gripped with the disease, lesser attention was being paid to other issues. However, the market started back on the path to recovery as the effects of the pandemic subsided. By 2023, the market value had reached USD 26,818.2 million.

Market Value (2019)	USD 23,587.0 million
Historical CAGR (2019 to 2023)	3.1%
Historical Market Valuation (2023)	USD 26,818.2 million

Long-term Analysis of the Femtech Market

The femtech market is anticipated to have a value of USD 27,956.4 million in 2024. For the forecast period, the market is expected to register a sturdy CAGR of 4.5%.

As women’s health issues continue to gain prominence throughout the world, the use of femtech is increasing. Women’s health issues are no longer being stigmatized, and topics like menstruation are being discussed freely. Thus, femtech is finding wider adoption in developed countries. However, the technology faces issues in reaching underdeveloped countries where social stigmas around women’s health still exist.

Femtech’s growth is also aided by women's access to technology. Women working professionals represent a significant consumer base for femtech. In addition, the proliferation of computers and mobiles in homes has also allowed women greater access to technology. Thus, the pace of progress of the market in the forecast period is expected to be higher than it was in the historical period. By the end of the forecast period, the market value is expected to have shot up to USD 43,406.1 million.

Femtech Market Trends and Analysis

• Feminism is taking hold of the Western world, and its proponents are increasing in less-developed areas as well. Feminism’s advocacy for greater attention to female health as well as greater involvement of women in technology is helping expand the scope of femtech.
• Government initiatives targeting the betterment of women’s health are making space for technology and increasing the profile of femtech.
• Femtech encompasses all areas of female health care, ranging from mental health to period pain management. The increased purview of femtech is helping femtech products become an integral part of female lives.
• Like other technologies, AI is also being used in femtech. The use of AI assistants is being done to take care of female bodies, with companies like LipoCheck and Bulamu Bridge AI introducing AI-based products.
• Increasing awareness of violence against women has led to women's safety becoming a prominent feature of femtech. With the aid of technologies like GPS tracking, distress signals, and more, femtech is helping women gain enhanced security through technology.
• Femtech gathers sensitive information regarding women, information that is at risk of being stolen. Thus, there is hesitation to take the help of femtech.
• Femtech faces a battle to penetrate untraditional areas. While cosmopolitan and developed area women have easy access to femtech, rural women and women in undeveloped areas face trouble getting hold of the technology.

Category-wise Outlook

Menstrual and Gynecological Devices Driving the Consumer Products Segment

Consumer products are the leading segment in the product type category. In 2024, consumer products are expected to account for 19.9% of the market share, as biopharma and medical device manufacturers witnessed a surge in products for maternal health.

Consumer products like wearable devices and healthcare trackers are increasing the convenience for women. Advancements in technology like electric breast pumps and wearable fertility trackers are also improving the outlook of consumer femtech products among women.

Attributes	Details
Top Product Type	Consumer Products
Market Share in 2024	19.9%

Disappearing Stigma Around Menstrual Health Impacting Market Growth

Women often resort to femtech in connection with menstrual health. In 2024, menstrual health is expected to contribute to 18.0% of the market share by application.

Increasing awareness among both men and women about menstrual health is uplifting the market. Thus, women are less hesitant to seek out femtech to take care of and regulate menstrual health. Among other services, femtech helps with menopause management and period management.

Attributes	Details
Top Application	Menstrual Health
Market Share in 2024	18.0%

Country-wise Analysis

A surge in women's health awareness other than reproduction and an increase in technology adoption driving the market in the Asia Pacific, specifically in India and china.

Countries	CAGR (2024 to 2034)
United States	2.0%
China	5.8%
Germany	2.7%
United Kingdom	2.9%
India	6.7%

A Significant Rate of Menstrual Disorders and the Need to Educate Women About Menstrual Health Leads to a High Demand for Femtech in India

India is set to be one of the leading countries for the femtech market. For the 2024 to 2034 period, the CAGR for India is estimated to be an encouraging 6.7%.

It is claimed that more than 18% of Indian women suffer from menstrual disorders. In rural areas of the expansive country, there is still a lack of knowledge about menstrual health. Thus, to combat ignorance about menstrual health, the help of femtech is being taken, increasing the demand in the market.

Startups Invigorate the Market in China

Another country in Asia marked with promise for the market is China. For the forecast period, the CAGR for China is predicted to be a solid 5.8%.

Femtech startups proliferate in China. Startups like Babytree, Meiyou, and Dayima are making sure Chinese women have regular access to femtech. Established and startup companies also make sure the market is competitive, leading to new launches in a bid to get ahead of the competition.

Technological Innovation a Top Priority for Vendors in the United Kingdom

The United Kingdom is one of the promising countries in Europe for the market. For the forecast period, the market is expected to register a consistent CAGR of 2.9% in the United Kingdom.

Vendors in the United Kingdom observed a significant demand for technology among tech-savvy women. For example, Peeqaul is focused on developing high-technology urinals for women, while Hertilty provides fertility and hormone tests with cutting-edge technology.

German Femtech Startups Receiving Investment Boosts

Germany is another country with a potential for the market in Europe. The market is expected to register a commendable CAGR of 2.7% in the country.

Germany is home to several startups in the femtech sector. A common theme among the startups is the drive to procure funding in a bid to expand. Many startups are becoming successful in the quest, too. For example, Frieda Health secured an amount in the region of USD 27 million in November 2023.

Personalized Care is Preferred in the United States

The market is expected to progress at a sluggish CAGR of 2.0% in the United States. However, the large incidence of infectious diseases among women still represents an opportunity for the market in the country.

Women and families in the United States are preferring personalized care systems. In accordance with the rising number of home births, women are also looking to have the optimum healthcare during pregnancy that is tailored to specific needs. Thus, there is scope for progress in the market in the United States.

Competitive Landscape in the Femtech Market

The femtech market is relatively fragmented. There is scope for both large-scale and small-scale firms in the femtech landscape. Constant mergers and acquisitions give the market a dynamic feel.

Startup culture is also strong in the market. Startups are looking at collaborations and investment funding to increase their foothold in the market. Femtech companies are also focusing on different parts of the female body to differentiate offerings in the market.

Recent Developments in the Femtech Market

• In November 2023, Bayer and CrossBay Medical announced a partnership to develop a new intrauterine system inserter. The new inserter will have the aim of reducing the pain experienced by women during IUS insertion.
• In November 2023, GE launched the MyBreastAi platform. The platform offers AI capabilities in mammography.
• In October 2023, market player Femfeel was acquired by pharmaceutical giant MEDICE Health Family. By means of the acquisition, MEDICE Health Family entered the market.

Key Companies in the Femtech Market

• Flo Health Inc.
• Apple Inc.
• Clue by Biowink GmbH
• Glow Inc.
• Google Inc.
• Natural Cycles USA Corp
• Withings
• Fitbit Inc.

Key Segments

By Product Type:

• Diagnostics
• Monitoring
• Therapeutic
• Consumer Products

By Application:

• General Health and Wellness
• Maternity Care
• Menstrual Health
• Pelvic and Uterine Healthcare
• Cancer and Chronic Disease

By End User:

• Direct-to-consumer
• Hospitals
• Surgical Centers
• Fertility Clinics
• Diagnostics Centers

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• The Middle East and Africa (MEA)

Frequently Asked Questions

What is the Global Value of Femtech Market?

The size of the femtech market in 2024 is estimated to be USD 27,956.4 million.

How Big Will the Femtech Market Get by 2034?

By 2034, the size of the femtech market is likely to record a valuation of USD 43,406.1 million.

What is the CAGR of the Femtech Market in India?

For the forecast period, the femtech market is expected to progress at a CAGR of 6.7% in India.

What are the Categories in Femtech?

The femtech market can be categorized by product type, application, and end user.

What are the Current Trends in Femtech?

The use of AI and products aimed at women's safety are two of the trends in femtech.