Femtech Market Size to Worth Around USD 103 Billion by 2030 – QNT Press Release


New York, Aug. 19, 2022 (GLOBE NEWSWIRE) — The global femtech market size was valued at USD 51 billion in 2021. Due to an increased application of the femtech services the market is expected to grow well during the forecast period. These services provide effective treatment and diagnosis of various devices which shall be helpful in improving the opportunities for the market to grow.

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Key Takeaways:

  • The UK femtech market is expected to hit at a CAGR of 14.3% between 2022 to 2030.
  • North America region has garnered 38.5% revenue share in in the past do today increased digitalization in the healthcare sector.
  • Based on product, the wearable devices segment accounted for 79.8% market share in 2021.
  • Based on end user, the diagnostic services segment is growing at a CAGR of 13.5% from 2022 to 2030.

Regional snapshots

As a high number of femtech organizations are present in the North American region the market is expected to grow well during the forecast period. North American region had the largest market share in the past and it is expected to dominate the market in the coming years. Increased use of smartphones and better connectivity has led to the growth of the market in this region. There is a growing demand for smart solutions. Increased use of the wearable devices and smart devices will lead to the growth of the market in the coming years period availability of various applications over the smartphones that help in tracking various aspects of the health shall be instrumental in the growth of the market in the coming years. Initiatives taken by the government are favorable and the increased spending on improving the healthcare infrastructure in this region shall drive the market growth in the coming years.

Asia Pacific region is also expected to grow well during the forecast. Due to the increased awareness regarding the options available in the market that ensure well-being of the women population. Increased use of smartphones and better Internet connectivity has led to the growth of the market even in the remote areas of the Asia Pacific region. Government in the Asia Pacific region is concentrating on providing advancements in the technology that is available in the Asia Pacific region which will be helpful in gaining more investments for the development.

Report Hhighlights

  • On the basis of the product, the wearable devices market or the smart devices market is expected to have a larger market share during the forecast period due to an increased demand for these devices in the developed nations. These products are easily available in the developed nations and they provide many benefits. the femtech services or solutions have large application in the reproductive health.
  • Increasing concerns and issues associated with the reproductive health shall lead the market growth during the forecast period. the validity of advanced software’s which are helpful in suggesting better line of treatments for various infections and diseases associated with the gynecological and sexual health shall drive the market growth during the forecast period. Market players are constantly focusing on providing innovative products for the health of the women.
  • Femtech solutions or services are used maximum in the diagnostic centers. Diagnostic centers …

Full story available on Benzinga.com



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