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Femtech Market Size

Report ID: GMI4442
Published Date: Oct 2024
Report Format: PDF

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Femtech Market Size

The global femtech market size was valued at around USD 55.1 billion in 2023 and is estimated to grow at 12.8% CAGR from 2024 to 2032. The increasing burden of chronic and infectious diseases among the female population is driving growth in the market.

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The rising prevalence of chronic conditions such as cancer, diabetes, hypertension, and mental health disorders, along with infectious diseases including HIV and tuberculosis, disproportionately affects women. This escalating burden underscores the urgent need for effective solutions to manage and mitigate these health issues. For instance, in 2022, the World Health Organization reported 2.3 million new breast cancer diagnoses and 670,000 deaths globally.

Femtech offers personalized and targeted tools to address these complex challenges, highlighting the need for innovative technology in tackling significant health concerns. Similarly, women are increasingly affected by conditions such as diabetes, hypertension, and cardiovascular diseases, which necessitate continuous management and monitoring. Limited access to healthcare resources, particularly in underserved regions, exacerbates these challenges.

Femtech, also referred to as female technology, encompasses a wide range of products, services, and software designed to address women's health concerns. This technology-driven industry focuses on various aspects of women’s health, including fertility solutions, pregnancy and nursing care, reproductive health, and overall wellness.

Femtech Market Report Attributes
Report Attribute	Details
Base Year:	2023
Femtech Market Size in 2023:	USD 55.1 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	12.8%
2032 Value Projection:	USD 135.9 Billion
Historical Data for:	2021-2023
No. of Pages:	131
Tables, Charts & Figures:	294
Segments covered:	Type, Application, End-use, and Region
Growth Drivers:	Usage of digital technology to manage women health in developed countries Improving access to women care in remote areas Growing awareness regarding women health and wellness in developing countries Increasing burden of chronic and infectious diseases among the female population Growing investments in femtech industry
Pitfalls & Challenges:	Lack of awareness about femtech products and applications

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Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

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The energy storage segment is expected to exceed USD 1.56 billion by 2032. This surge is attributed to the cost-effectiveness of sodium ion batteries, especially for utilities and renewable energy projects aiming to maximize their investments.

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Key players in the sodium ion battery market include Altris, Broadbit Batteries, CATL, China BAK Battery, Farasis Energy, Faradion Limited, HiNa Battery Technology, Li-FUN Technology, Natron Energy, SVOLT, and Tiamat.