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Femtech Market Trends

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

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Femtech Market Trends

In developed countries, digital technology is revolutionizing women’s health management through the expanding market, which offers a wide range of innovative tools, including mobile apps, wearable medical devices, telehealth services, and data-driven diagnostics. This transformation is driven by growing awareness of women’s unique health needs, encompassing areas such as reproductive health, fertility, menstrual care, and menopause. Social movements advocating for women’s health rights have also played a significant role in boosting demand for specialized femtech solutions.
In developed nations, telemedicine has become integral to women’s healthcare, facilitating virtual consultations across various domains, including prenatal care, gynecology, mental health, and fertility treatments. For instance, data from the U.S. Department of Health and Human Services (HHS) reveals a staggering 63-fold increase in Medicare telehealth visits, rising from 840,000 in 2019 to 52.7 million in 2020. This rapid adoption highlights femtech's potential to broaden remote healthcare access and deliver personalized care tailored to women’s unique health requirements.
Additionally, digital tools, such as smartwatches, wearables, and mobile apps, empower women to monitor their menstrual cycles, pregnancies, and overall health in real-time. For example, the Apple Watch’s cycle tracking feature and the Ava fertility tracker enable women to gather reproductive health data, enhancing personalized management and decision-making when shared with healthcare providers. Consequently, the femech market is poised for sustained growth, propelled by heightened awareness and advancements in digital healthcare solutions for women.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of sodium ion battery was surpassed USD 215.5 million in 2023 and is projected to grow at a CAGR of over 26.9% from 2024 to 2032, propelled by the increasing demand for cost-effective and sustainable solutions that mitigate supply chain risks.

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.

The aqueous technology segment is poised to expand at a CAGR of over 28% through 2032. This growth is due to their superior safety features, significantly lowering the risks of fire or explosion, even in extreme scenarios like overcharging, short circuits, or physical damage.

The Asia Pacific sodium-ion battery market is expected to reach USD 998 million by 2032, driven by the region's ample sodium resources, reducing reliance on imported lithium and cobalt.

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.