Female Technology (Femtech) Market Trends 2023–2028: Outlook, Value & Key Companies

Market Size, Growth Valuation (2023-30)

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. 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.

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Female Technology (Femtech) Market Structure – Segmentation Geography

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

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. T

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

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

By Competition

Market Share of Top Companies
Application Wise Concentration of Competitors or Total Number of Competitors
- Reproductive Health
- Pregnancy and Nursing Care
- Pelvic and Uterine Health
- General Health and Wellness
Competitor Concentration, By Product Types or Total Number of Competitors by Product Category
- Wearables
- Digital Platforms
- Diagnostics
- Drugs, vitamins supplements
- Consumer products
- Services
Competitor Concentration, By Annual Revenue Range
- Upto USD 1 Million
- 1 Million to USD10 Million
- USD 11 Million to USD 100 Million
- USD101 Million to USD 500 Million
- USD501 Million to USD 1,000 Million
- Above USD1,000 Million
Pricing Branding Strategies

By Region

North America
Europe
Asia-Pacific
Rest of the World.

The Female Technology market in the North American region has been growing at a notable pace owing to numerous reasons, such as high health awareness elevated investment opportunities.

Key Growth Trends (2023-2028)

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.

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Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The Female Technology (Femtech) industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading Female Technology (Femtech) Companies are:

AlYK, 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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Key Questions Answered in This Report:

What is the current market size of Female Technology (Femtech), and what growth rate is projected by 2028?
Which key trends are driving Female Technology (Femtech) market expansion in the next five years?
How does market segmentation impact industry dynamics?
Which geographic regions offer the highest growth potential?
What are the primary challenges hindering Female Technology (Femtech) industry growth?
How do regulatory policies influence market development?
What are the latest technological advancements impacting the sector?
Who are the leading Female Technology (Femtech) companies, and what are their market shares?
What strategies are top competitors adopting to maintain dominance?
What are the emerging niche segments with high growth potential?
How do macroeconomic factors affect market performance?
What are the investment opportunities for new entrants?
How does pricing strategy vary across different market segments?
What are the future innovation trends expected in this industry?

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