The global femtech market size was valued at USD 5.79 billion in 2022. The market is projected to grow from USD 6.69 billion in 2023 to USD 20.59 billion by 2030, exhibiting a CAGR of 17.4% during the forecast period. Femtech refers to technology products related to females. It includes technology products, software, and services. The primary focus is to develop tech-enabled solutions to cater to the unmet rising need for women’s health disorders. Rising funding and investments coupled with an increasing number of startups with novel femtech solutions to propel market growth. Fortune Business Insights™ shares this information in its report titled “Femtech Market, 2023-2030.”

Increased Adoption and Use of these Digital Solutions Impeded Market Growth

The COVID-19 pandemic the market growth as it increased the awareness of various health concerns. Increased adoption and use of these digital solutions led to a number of RD activities to develop and introduce various health apps. According to an article published by the Open COVID Journal, the adoption of digital health solutions amongst the general public during the pandemic increased, leading to a 25% increase in the number of health downloads and around 50% increase in the number of downloads in fitness applications.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Competitive Landscape

Development of Novel Products by the Key Players to Set Market Progression

The market landscape consists of main market players such as Flo Health Inc., Natural Cycles USA Corp., and Glow, Inc. The global market has many startups, which focus on developing novel products and solutions for women’s health issues. In February 2021, Biowink GmbH received the U.S. FDA approval for its Clue Birth Control as a medical device that is available to an initial group of people in the U.S. Chiaro Technology Limited., Joylux, Inc., and Coroflo, Ltd., are other prominent players of the market are focused on developing and introducing products.

List of Key Players Profiled in the Report

• Flo Health Inc. (U.K.)
• Chiaro Technology Limited (U.K.)
• Natural Cycles USA Corp (U.S.)
• BioWink GmbH (Germany)
• FemTec Health (U.S.)
• Glow, Inc. (U.S.)
• HeraMed (Israel)
• Joylux, Inc. (U.S.)
• Coroflo Ltd. (Ireland)

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