Female Technology (Femtech) Industry Trends 2023: Market Size & Growth Forecast

According to recent findings, the Global Female Technology (Femtech) Market was valued at USD 57.52 billion in 2023 and further expected to grow at a CAGR of 9.28% during the forecast period 2023-2030.

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Female Technology (Femtech) Overview:

Women’s health technology was considered a niche market just a decade ago, and now it is a fast-growing domain, expected to show significant growth by the end of 2030. The factors attributing to the market development include technological advancements, the emergence of women-led femtech start-ups, and supporting government policies.

In the past years, there has been an upsurge in the number of educated women, which promotes the adoption of this technology-based products owing to their comfort in managing technological products. The government initiatives of numerous countries have also supported raising awareness for women’s health wellness.

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Female Technology (Femtech) Outlook and Future Trends :

Wearables for Breast Cancer Screening - The conventional methods of breast cancer screening requiring mammography exposure to X-ray radiation for detection of tumor growth are often found inadequate. For instance, according to the Breast Cancer Detection Demonstration Project (BCDDP), the false-negative rate of mammography is almost 8%-10% (2019). Additionally, unnecessary radiation exposure can also cause germline mutation that can lead to debilitating effects on the patient.

Therefore, an alternative to mammography is the smart wearable, which is being introduced in the market. For instance, Higia Technologies has developed two bra cups called EVA that can detect breast cancer. The cups are fitted in the inner line of the undergarment for 15 minutes once every week. The sensors in the cups track the thermal changes in the breast that are related to tumor generation. Hence, such wearables are gaining traction in place of mammography owing to their easy convenient usage. Also, these wearables enable women to detect breast cancer at an early age through regular testing, further becoming trending, hence enhancing the Global Female Technology (Femtech) Market size in the future years.

Global Female Technology (Femtech) Segmentation Analysis:

By Component

Mobile Apps- Market Size Forecast 2019-2030, USD Million
Connected Devices- Market Size Forecast 2019-2030, USD Million
- Wearable Connected Device-- Market Size Forecast 2019-2030, USD Million
- Non-Wearable Connected Device- Market Size Forecast 2019-2030, USD Million
Services- Market Size Forecast 2019-2030, USD Million
Others- Market Size Forecast 2019-2030, USD Million

According to reports, The rising women’s health expenditure, increasing smartphone penetration, and shift toward digital health have propelled the development of women’s health applications and, in turn, made Mobile Apps the leading component of the market.

By Application

Reproductive Health- Market Size Forecast 2019-2030, USD Million
- Period Tracking- Market Size Forecast 2019-2030, USD Million
- At-Home Fertility Tracking and Monitoring- Market Size Forecast 2019-2030, USD Million
Pregnancy and Nursing Care
- Pregnancy Care- Market Size Forecast 2019-2030, USD Million
- Post Pregnancy Care- Market Size Forecast 2019-2030, USD Million
- Breastfeeding- Market Size Forecast 2019-2030, USD Million
- Others- Market Size Forecast 2019-2030, USD Million
Pelvic and Uterine Health
- Pelvic Wellness- Market Size Forecast 2019-2030, USD Million
- Menstrual Health- Market Size Forecast 2019-2030, USD Million
General Health and Wellness

According to reports, The Reproductive Health application of the market is expected to grow considerably due to the paradigm shift in women’s contraceptives.

By End User

Individuals- Market Size Forecast 2019-2030, USD Million
Hospitals- Market Size Forecast 2019-2030, USD Million
Diagnostic Centers- Market Size Forecast 2019-2030, USD Million
Fertility Clinics- Market Size Forecast 2019-2030, USD Million.

For deeper insights into the market, explore the summary of the research report – https://www.marknteladvisors.com/research-library/global-female-technology-femtech-market.html

Some of the Market players in the Global Female Technology (Femtech) are:

AlYK, Inc.
Aytu BioScience, Inc.
Biowink GmbH
Bloomlife
CORA
Flo Health, Inc.
Glow, Inc.
Inne
Kasha
NaturalCycles Nordic AB
Ovia Health
Plackal Tech
Sustain Natural
The Flex Company
Thinx, Inc.

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Market Size, Share Future Projections – Understand the current market dimensions and forecasted growth trajectory.
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Company Strategies Developments – Discover recent mergers, acquisitions, partnerships, and innovations.
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Import Export Dynamics – Analyze global trade flows, regional export trends, and supply chain movements.
Competitive Benchmarking – Gain a clear view of the leading companies and their market positioning.
Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
Market Trends Growth Drivers – Stay ahead with insights into evolving consumer behavior and industry indicators.

Research Methodology Summary

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Key Steps:

Define objectives and research design
Collect data through surveys and interviews
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Forecast trends and deliver actionable insights

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