According to Frost & Sullivan, the global femtech market is estimated to reach $ 1.15 billion by 2025.
A recent analysis by Frost & Sullivan on the global femtech solutions industry found that the COVID-19 pandemic has dramatically increased women’s physical and mental health problems. Currently, digital health solutions under a broader period of virtual care have been boosted, but the hygiene crisis is a solution that can be used for certain women’s health problems such as uterine fibroids and polycystic ovary syndrome (PCOS). Revealed degree of deficiency, thyroid problems, endometriosis, pelvic health, premenopausal and premenopausal care.
According to the analysis, the global femtech solutions industry market is estimated to reach $ 1.15 billion by 2025 from $ 648 million in 2020, recording a compound annual growth rate (CAGR) of 12.2%. Market expansion is driven by the birth, pregnancy and menstrual care solutions segment, as well as the surge in the menopausal solutions segment, which is gaining momentum with new services and solutions. The survey also details Femtech’s funding status and notable top Femtech companies.
“In the age of precision medicine and precision health, women deserve gender care,” said Suchismita Das, a research analyst in health care and life sciences at Frost & Sullivan. “The unresolved paths of Femtech’s growth, such as menopause, geriatric care and mental health, are expected to shift the focus of this sector from reproductive age issues to geriatric issues to some extent. (Often seen in women over the age of 40) will be a new driving force in the industry, “she added.
Das further adds: “Providing personalized holistic care for women’s health issues is an approach that has not yet been implemented on a large scale. Many next-generation solution providers across different women’s health segments have end-to-end disease management and end-to-end disease management. Increasingly entering the market with a focus on competitive differentiation by providing treatment for chronic diseases. Governments in different countries around the world are improving the quality of life for women. We have introduced initiatives and redemption policies to get them to do so. “
The development of affordable solutions and the focus on the unexplored aspects of women’s health offer the next growth opportunity for the femtech market.
Affordable and holistic personalized care for women of all ages beyond childbirth and pregnancy care: Globally, only a handful of startups are implementing this concept in their professional femtech services for women. Providing holistic and personalized care will meet a woman’s health needs at various stages of her life.
Review future health predictors from reproductive stage symptoms and problems: Health tech companies need to use big data and analytics to identify women’s health trends and create databases. These artificial intelligence (AI) -enhanced databases help support clinical decision making.
Menopause reveals as the next big opportunity: Healthcare companies, healthcare information technology, companies and pharmaceutical companies should consider entering this huge market. Femtech start-ups need to address the symptoms of menopause in innovative ways to improve the lives of older women. As the menopause segment matures, product diversification is expected to be driven by mergers, acquisitions and partnerships.
An innovative, AI-enabled cancer treatment solution for early diagnosis and addressing survivor-related problems: Introduce advanced technologies such as AI, machine learning, 3D printing and 3D sensors to create innovative solutions for cancer patients and survivors. Medtech companies need to enable early prediction of cancer and improve patient clinical management to include chemotherapy, surgery, or other intervention solutions.
Target employer health insurance markets to improve the health of female employees: Strengthening partnerships between Femtech start-ups and employer health insurance providers could be a viable option to provide female employees with the medical care they need. This helps businesses meet women’s medical needs and ensure higher productivity and retention rates.
Menopause to become the next game-changer in global femtech solutions industry by 2025 Source link Menopause to become the next game-changer in global femtech solutions industry by 2025