Global Femtech Market Size By Product Type (Diagnostics, Monitoring, Therapeutic),By Application (General Health and Wellness, Menstrual Health), By End User (Direct to Customer, Hospitals), By Geographic Scope And Forecast

Report ID: 89916|No. of Pages: 202

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Global Femtech Market Size By Product Type (Diagnostics, Monitoring, Therapeutic),By Application (General Health and Wellness, Menstrual Health), By End User (Direct to Customer, Hospitals), By Geographic Scope And Forecast

Report ID: 89916|Published Date: Nov 2024|No. of Pages: 202|Base Year for Estimate: 2024|Format:   Report available in PDF formatReport available in Excel Format

Femtech Market Size And Forecast

Femtech Market size was valued at USD 7.04 Billion in 2024 and is projected to reach USD 14.36 Billion by 2031, growing at a CAGR of 10.27% from 2024 to 2031.

  • Femtech, which stands for “female technology,” encompasses software, diagnostics, products, and services that use technology to address women’s health concerns. This word refers to a wide range of solutions focusing on reproductive health, fertility, menstrual care, pregnancy, maternal health, sexual wellness, menopause, and chronic illnesses affecting women. Femtech applications include fertility tracking apps, menstrual health wearables, pregnancy monitoring tools, and menopause management solutions. Femtech improves women’s healthcare results and increases access to specialized care by integrating digital health platforms, tailored healthcare techniques, and data analytics.
  • Femtech is expected to develop significantly as awareness of women’s health issues grows, healthcare technology advances, and digital health solutions become more widely adopted. With increased investment and research into women’s health, femtech is spreading into areas such as hormonal health, mental health, and chronic disease management.
  • The combination of artificial intelligence, telemedicine, and wearable health devices will increase the precision and reach of femtech solutions. As governments and organizations increasingly recognize the value of gender-specific healthcare, the femtech industry is projected to play an essential part in determining the future of individualized and accessible healthcare for women around the globe.

Femtech Market is estimated to grow at a CAGR 10.27% & reach USD 14.36 Bn by the end of 2031

Global Femtech Market Dynamics

The key market dynamics that are shaping the global femtech market include:

Key Market Drivers:

  • Rising Prevalence of Women’s Health Issues: According to the World Health Organization (WHO), endometriosis affects roughly 190 million women of reproductive age globally, or 1in 10 of them. As knowledge and diagnosis of such problems increase, so does the demand for femtech solutions, which are needed to better manage and monitor women’s health issues. Femtech provides individualized healthcare alternatives, user-friendly tracking tools, and new treatments to fill gaps in standard healthcare techniques for women’s reproductive and chronic health concerns.
  • Growing Female Workforce Participation: According to the World Bank, female labor force participation will reach 46.9% globally by 2023, with considerably greater percentages in industrialized nations. As more women enter the workforce, their increased disposable income and healthcare spending power boost the uptake of femtech solutions. With more financial independence, women are more likely to invest in health technologies that provide convenience, personalized care, and solutions targeted to their individual health needs, fueling the expansion of the femtech market.
  • Surge in Mobile Health Applications: According to Frost & Sullivan, the femtech market is expected to reach USD 50 Billion by 2025, driven primarily by the boom in mobile health applications. Over 3.6 million women in the US use period-tracking apps regularly. This trend is fueling market expansion as mobile health apps give women simple, on-the-go access to health tracking, personalized insights, and better reproductive health management options. These applications also help women take charge of their health by providing simple solutions that address specific requirements such as fertility, menstrual cycles, and overall wellness.

Key Challenges:

  • Regulatory Issues: Femtech firms frequently face tight regulatory standards and lengthy licensing processes, particularly for health-related apps and devices. Many solutions in the femtech domain, notably in reproductive health and diagnostics, must exceed medical-grade requirements, which require extensive clinical trials and regulatory approvals. These hurdles can cause delays in product releases and raise development expenses, providing substantial obstacles for startups and smaller companies. Navigating varied regulatory regimes across countries complicates global expansion.
  • Lack of Research and Clinical Validation: In the femtech market is a lack of adequate research and clinical validation for many devices. Women’s health has long been underrepresented in medical research, creating a knowledge gap that hinders the development of effective femtech solutions. Without robust clinical proof to back up their products’ efficacy, femtech market may struggle to acquire the trust of healthcare providers, regulators, and consumers, delaying acceptance and market expansion.
  • Fragmented Healthcare Systems: The lack of integration between femtech solutions and traditional healthcare systems is a major hurdle to wider adoption. Many femtech products are standalone solutions, making them difficult to integrate with larger healthcare systems or electronic health records. This fragmentation hinders healthcare practitioners’ capacity to integrate femtech into patient care, diminishing its impact and effectiveness.

Key Trends:

  • Expansion of Fertility and Reproductive Health Solutions: Fertility and reproductive health solutions are expanding rapidly in the femtech market. As more women delay motherhood and seek fertility treatments, the need for apps, wearables, and diagnostic tools that track fertility and deliver individualized reproductive health insights is increasing. These technologies enable women to take control of their reproductive health, making fertility a crucial driver of growth in the femtech market.
  • Increasing Focus on Menopause Solutions: An increasing number of femtech companies are creating goods and services exclusively for women going through menopause. With millions of women experiencing menopause each year, there is an increasing demand for treatments to alleviate symptoms such as hot flashes, mood swings, and sleep difficulties. This emphasis on an underserved area of women’s health is driving innovation and creating new revenue streams for the femtech market, as attention shifts to the requirements of older women.
  • Growth in Telemedicine for Women’s Health: Telemedicine is becoming an increasing concern in femtech, providing women with remote consultations for reproductive health, pregnancy, and menopause management. Telemedicine gives easy access to healthcare, particularly for women living in remote or disadvantaged locations. This expansion is being pushed by the increasing digitalization of healthcare and the demand for accessible, inexpensive solutions to women’s health challenges. Telemedicine platforms are emerging as an important tool for increasing women’s healthcare access around the world.

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Global Femtech Market Regional Analysis

Here is a more detailed regional analysis of the global femtech market:

North America:

  • North America remains at the forefront of the femtech market. Key drivers of this growth include the broad adoption of digital health technologies, with the CDC reporting that 87% of American women use them for health management. Period tracking apps alone have approximately 28 million active users in North America, indicating an increased dependence on technology for reproductive health. Investment in fertility technology reached USD 800 Million in 2023, with the U.S. fertility services industry predicted to reach $15.4 billion by 2028, demonstrating the region’s commitment to expanding reproductive healthcare solutions.
  • The factor driving this leadership is the growing demand for menopause management products, with 1.3 million American women entering menopause each year (North American Menopause Society). The menopause care industry is expected to reach USD 24.4 Billion by 2030, reflecting a growing focus on the healthcare needs of older women (Bloomberg Healthcare, 2024). According to the US Department of Health, 73% of women aged 18-44 will use at least one femtech solution for preventative care by 2023. These solutions helped to reduce unnecessary health issues by 45%, highlighting femtech’s major influence on improving women’s overall health outcomes in North America.

Asia Pacific:

  • The Asia-Pacific femtech market is rapidly expanding. A main driver of this expansion is the massive female population base, with China and India alone accounting for 37% of the world’s female population or 1.1 billion women (UN Population Statistics, 2024). This large demography, combined with a 28% rise in working women in India since 2020, represents a significant opportunity for femtech solutions. The growing number of women joining the workforce is driving up demand for solutions that address their health needs, ranging from reproductive care to general wellness, accelerating the region’s femtech market.
  • The adoption of digital health solutions is another important element driving the market. In 2023, the Asia-Pacific digital health market was worth USD 11.2 Billion, with femtech accounting for 23% of the entire market share (Asia Pacific Healthcare Insights, 2024). Mobile health app usage among women has increased by 165% since 2021, indicating a rising reliance on digital technologies for healthcare. Maternal healthcare technology is gaining traction, owing to the region’s 65 million yearly pregnancies (WHO Asia Pacific, 2023). The region’s increasing investment in women’s health technology is influencing the future of femtech, positioning it as an essential platform for innovation and growth.

Global Femtech Market: Segmentation Analysis

The Global Femtech Market is Segmented on the basis of Product Type, Application, End-User, And Geography.

Femtech Market Segments Analysis

Femtech Market, By Product Type

  • Diagnostics
  • Monitoring
  • Therapeutic
  • Consumer Products

Based on Product Type, the market is bifurcated into Diagnostics, Monitoring, Therapeutic, and Consumer Products. The diagnostics segment dominates the femtech market due to its vital role in the early detection and treatment of women’s health concerns such as reproductive health issues, pregnancy complications, and cancer. With rising awareness and access to healthcare, diagnostics solutions such as fertility and hormone tracking are in high demand. Therapeutic is the fastest-growing segment, due to improvements in digital therapies, individualized treatments, and mobile health applications. This expansion is being driven by the increasing prevalence of chronic diseases and the demand for accessible, non-invasive treatment alternatives for women’s health.

Femtech Market, By Application

  • General Health and Wellness
  • Menstrual Health
  • Pelvic and Uterine Healthcare

Based on Application, the market is segmented into General Health and Wellness, Menstrual Health, and Pelvic and Uterine Healthcare. The Menstrual Health category dominates the femtech market due to the increasing use of period-tracking apps, wearable devices, and fertility control solutions. Menstrual health solutions have become a femtech industry staple, with millions of women adopting them to track their cycles and reproductive health. Pelvic and Uterine Healthcare is the fastest-growing area, thanks to increased knowledge of diseases such as endometriosis, pelvic floor disorders, and uterine fibroids. The increasing demand for early detection, treatment alternatives, and digital health solutions for various issues is driving growth in this market.

Femtech Market, By End-User

  • Direct to Customer
  • Hospitals
  • Clinics

Based on End-User, the market is segmented into Direct to Customer, Hospitals, and Clinics. The direct to customer (DTC) segment currently dominates the femtech market, as consumers want individualized health solutions directly from companies rather than established healthcare channels. DTC models enable businesses to interact directly with women by offering specialized products and services that meet specific health concerns, such as menstrual tracking, reproductive aids, and wellness applications. The Clinics section is femtech’s fastest-growing area, driven by increased technology integration in clinical settings and rising demand for telehealth services. As more clinics implement femtech solutions for reproductive health, diagnostics, and patient management, the market is fast increasing to fulfill the demands of both healthcare providers and patients.

Femtech Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

On the basis of Geography, the Global Femtech Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America continues to dominate the femtech market, owing to significant technological achievements, a well-established healthcare infrastructure, and a high degree of knowledge and acceptance of women’s health issues. Asia-Pacific is experiencing the fastest growth, driven by a rapidly growing population, rising disposable income, and more awareness of women’s health issues.

Key Players

The “Global Femtech Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Fizimed, Flo Health, Inc., Chiaro Technology Ltd., Natural Cycles USA Corp, BioWink GmbH, Glow, Inc., HeraMed, Joylux, Inc., and Coroflo Ltd. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Femtech Market Recent Developments

Femtech Market Key Developments And Mergers

  • In January 2024, Natural Cycles gained approval from Health Canada to commercialize its Natural Cycles app as a means of birth control.
  • In June 2023, Flo Health Inc. announced its open-source technology with the Anonymous Mode feature to increase privacy in the femtech industry.
  • In April 2023, Biowink Gmbh stated that its subsidiary, Clue, has opened its first community investment round, raising USD 8.3 million in fundraising. The cash will be utilized to broaden its product line and increase its digital family planning capabilities.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Billion)

Key Companies Profiled

Fizimed, Flo Health, Inc., Chiaro Technology Ltd., Natural Cycles USA Corp, BioWink GmbH, Glow, Inc., HeraMed, Joylux, Inc., and Coroflo Ltd.

Segments Covered

Product Type, Application, End-User, And Geography.

Customization scope

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Verified Market Research:

Research Methodology VMR

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Frequently Asked Questions

Femtech Market size was valued at USD 7.04 Billion in 2024 and is projected to reach USD 14.36 Billion by 2031, growing at a CAGR of 10.27% from 2024 to 2031.

The Femtech market is driven by increasing awareness and focus on women’s health, rising prevalence of chronic and lifestyle-related diseases among women, and advancements in digital health technologies.

The Major Players are Fizimed, Flo Health, Inc., Chiaro Technology Ltd., Natural Cycles USA Corp, BioWink GmbH, Glow, Inc., HeraMed, Joylux, Inc., and Coroflo Ltd.

The Global Femtech Market is Segmented on the basis of Product Type, Application, End-User, And Geography.

The sample report for the Femtech Market can be obtained on demand from the website. Also, 24*7 chat support & direct call services are provided to procure the sample report.

1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis

4. Femtech Market, By Product Type
• Wearable Devices
• Mobile Applications
• Diagnostic Devices

5. Femtech Market, By Customer Type
• Direct-to-Consumer (DTC)
• Healthcare Providers
• Employers/Insurers

6. Femtech Market, By Price Range
• Reasonably priced
• Premium
• Subscription models

7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape
• Key Players
• Market Share Analysis

10. Company Profiles
• Clue
• Flo Health, Inc.
• Natural Cycles Nordic AB
• Elvie
• Ava Science Inc.
• Thinx Inc.
• Nurx Inc.
• Future Family, Inc.
• Grace Health
• Modern Fertility

11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix
• List of Abbreviations
• Sources and References

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Femtech Market

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