Top 5 largest Femtech markets in the world
Source: https://www.360researchreports.com/global-femtech-market-21501686
Pham Phuong Linh introduced and edited
The term "Femtech" - Technology aimed at improving women's health., coined by entrepreneur Ida Tin, has become a hot topic in recent years in the field of health care. According to research company Global Market Insights, this market could more than double from 22.5 billion USD in 2021 to more than 65 billion USD in 2027.
Which regions are leading the Femtech Market?
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United States: The United States Femtech market is an important global market, with a market size of USD 3.02 billion by 2022, accounting for the largest market share. The market is expected to grow at a CAGR of 11.1% from 2022 to 2030, reaching a market size of USD 14.67 billion by 2029. One of the factors driving the growth of the US Femtech market is the increasing penetration of smartphones as well as the growing health consciousness and unmet healthcare needs of women.
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UK: The UK Femtech market is a diverse and rapidly growing industry, expected to be worth $60 billion by 2027, showing significant growth and potential. The UK Femtech market is mainly driven by mobile app companies, home testing devices or kits. Some typical businesses include: Elvie, Daye, Freda, Micrema, etc.
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Israel: 154 million USD is the amount that this market has raised in Israel in 2022, accounting for 13% of investment capital in this sector. Some notable Israeli Femtech companies include AiVF, which focuses on simplifying the IVF embryo selection process using AI-based decision support, and Aquafit, which received funding from the Agency for Innovation. new Israel.
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Belgium: Belgium is one of the member countries that actively contributes to the growth of European Femtech and accounts for 25% of businesses in the world. A notable Femtech company in Belgium is Mithra, a women's health company developing pharmaceuticals for contraception and menopause, as well as other startups focused on menstrual health, personal care prenatal care, healing after breast surgery, and fertility monitoring.
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Germany: With the Femtech sector providing innovative medical solutions to promote women's health and wellbeing, Germany is emerging as an attractive market for early-stage startups. In particular, the German government continuously initiates initiatives to support the development of the domestic market, through organizations and programs such as: Femtech Center, German Women in Technology Association and investments in startups with total funding up to seven figures by 2023.
The presence of a large number of Femtech companies in North America and Europe is driving the adoption of technology solutions that serve women around the world. On the other hand, Asia Pacific is expected to have the fastest growth rate in the coming years. The Asia-Pacific Femtech market is driven by the growing demand for effective medical technology coupled with ever-evolving digital infrastructure.
Image source: https://www.maximizemarketresearch.com/market-report/femtech-market/124781/
