Global Femtech Market, By Type (Devices, Software, Services, Others), By Application (Reproductive health, Pregnancy & nursing care, Pelvic & uterine healthcare, General healthcare & wellness, Others), By End User (Direct-to-consumer, Hospitals, Diagnostic centres, Others) and opportunities and forecast 2020-2027.
Femtech Market Overview
The global Femtech market is expected to grow at a moderate rate during the forecast period. Surge in advancement in service development technologies to improve potential in basic research and clinical applications in the healthcare sector is boosting the growth of the global Femtech market. An increasing number of health issues related to women leads to expand the growth of the market.
Moreover, governments for awareness of women health as well as advanced technological solutions for precise treatment in the healthcare sector is the important factor expected to boost the growth of the Femtech market in near future. In addition to this, growing health care expenditure is further driving the expansion of this market globally.
On the other hand, a lack of awareness among patients and challenges associated with the usage of Femtech softwares is likely to hamper the global Femtech market during the forecast period.
Covid-19 Impact on Femtech Market:
In addition, the current Femtech Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Femtech Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Femtech Market Segment Overview
According to Type, the market is segmented into Devices, Software, Services, Others. Among these Devices holds the largest share of the market mainly because of the demand of this segment for tracking health conditions of women and increase in adoption of devices due to growing health concerns.
Based on application, the market is segmented into Direct-to-consumer, Hospitals, Diagnostic centres, and others. Furthermore, hospitals segment are expected to grow at the highest rate in the coming years. This owes to the growth in flow of inpatients and outpatients who require treatment related to fertility and other conditions related to reproductive system in women, thus boosting the demand for Femtech globally.
Market Analysis, Insights and Forecast – By Type · Devices · Software · Services · Others
Market Analysis, Insights and Forecast – By Application · Reproductive health · Pregnancy & nursing care · Pelvic & uterine healthcare · General healthcare & wellness · Others
Market Analysis, Insights, and Forecast – By End-user · Direct-to-consumer · Hospitals · Diagnostic centres · Others
Femtech Market Regional Overview
Region-wise, North America dominated the global Femtech market and is expected to continue its dominance during the forecast period. Factors such as the rising need for diverse specialty diagnosis options for chronic and infectious diseases, and high health care expenditure propels the growth of the market in North America. Similarly, Asia Pacific is also expected to account for the fastest growth in the global market owing to well-established health care infrastructure. Factors such as development in the health care infrastructure, rising awareness about health, a surge in investment in development of software that help in tracking the conditions affecting reproductive system are expected to escalate the growth of the Femtech market in the Asia Pacific region.
Femtech Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Femtech Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Femtech are highlighted below.
· In September 2020, HeraMED announced Partnership with eCare21, a leading virtual care platform to integrate its heartCARE & heartBEAT products with eCare21 platform. This has enhanced product portfolio and development capabilities of the firm.