Global femtech market estimated to hit $1.15 billion by 2025, finds Frost & Sullivan
SANTA CLARA, Calif., June 2, 2021 /PRNewswire/ — Frost & Sullivan’s recent analysis on the global femtech solutions industry finds that the COVID-19 pandemic has led to a dramatic rise in women’s physical and mental health issues. While digital health solutions, now under the broader term of virtual care, received a boost, the sanitary crisis has laid bare the extent to which there is a dearth of solutions available for specific women’s health issues such as fibroids, polycystic ovary syndrome (PCOS), thyroid issues, endometriosis, pelvic health, and pre-menopausal and menopausal care.
The global femtech solutions industry market is estimated to hit $1.15 billion by 2025 from $648 million in 2020, registering a compound annual growth rate (CAGR) of 12.2%. Market expansion is being boosted by the fertility, pregnancy, and menstrual care solutions segments, along with a surge in the menopausal solutions segment, which is gaining traction with new services and solutions. The study also details the femtech funding landscape and top femtech companies to watch.
For further information on this analysis, The COVID-19 Pandemic and a Rising Focus on Women’s Untapped Healthcare Needs are Transforming the Global Femtech Solutions Industry, please visit: http://frost.ly/5sw
“In an era of precision medicine and precision health, women deserve to receive gender-specific healthcare,” said Suchismita Das, Healthcare & Life Sciences Research Analyst at Frost & Sullivan. “Unaddressed avenues of femtech growth such as menopause, geriatric care, and mental health are expected to shift the focus of the sector to a certain extent from reproductive age issues toward old-age issues. Menopause (common in women over 40) will be the new driving strength for the industry.”
Das added: “Providing personalized holistic care for women’s health issues is an approach that is yet to be implemented on a broader scale. Many next-gen solution providers across different women’s health segments are increasingly entering the market, with a focus on competitive differentiation, by providing end-to-end disease management and treatment of chronic diseases. Also, governments in different countries across the world are introducing initiatives and reimbursement policies for women’s health to improve their quality of life.”
The development of affordable solutions and focus on the unexplored aspects of women’s health present the following growth opportunities for the femtech market:
The COVID-19 Pandemic and a Rising Focus on Women’s Untapped Healthcare Needs are Transforming the Global Femtech Solutions Industry is the latest addition to Frost & Sullivan’s Healthcare & Life Sciences research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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The COVID-19 Pandemic and a Rising Focus on Women’s Untapped Healthcare Needs are Transforming the Global Femtech Solutions Industry
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Corporate Communications
E: mariana.fernandez@frost.com
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SOURCE Frost & Sullivan
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