The Femtech Global Market Report 2023 by The Business Research Company, provides femtech market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Femtech Global Market Report 2023, the market size will grow from $32.44 billion in 2022 to $37.39 billion in 2023 at a compound annual growth rate (CAGR) of 15.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the femtech is expected to grow to $68.9 billion in 2027 at a CAGR of 16.5%.
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.
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The femtech market is segmented:
1) By Type: Devices, Software, Services, Other Types
2) By End Use: Direct-To-Consumer, Hospitals, Fertility Clinics, Surgical Centers, Diagnostic Centers
3) By Application: Reproductive Health, Pregnancy and Nursing Care, Pelvic and Uterine Healthcare, General Healthcare and Wellness, Other Applications
Advanced technology products are a key trend gaining popularity in the femtech industry. Companies are focusing on developing products that generate accurate results and also reduce the handling time of products. For instance, in 2021, Lia, a US-based company, launched the world’s first flushable and biodegradable pregnancy test device made from plant fibres and is 100% plastic-free, which can biodegrade in just ten weeks.
The femtech market report table of contents includes:
1. Executive Summary
2. Femtech Market Characteristics
3. Femtech Market Trends And Strategies
4. Femtech Market – Macro Economic Scenario
5. COVID-19 Impact On Femtech Market
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26. Africa Femtech Market
27. Femtech Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Femtech Market
29. Femtech Market Future Outlook and Potential Analysis
30. Appendix
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