The Europe Femtech Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
The significant market growth will be fueled by rising health consciousness among women, as well as normalising and aggressively treating women's health issues. Rising disposable income, smartphone penetration, digital literacy, digital health infrastructure, internet access, and the growth of startups specialising in women's health all create profitable potential for new and existing market participants. The increased availability of smart wearable gadgets is helping to propel the market forward. To address women's health challenges, health tech developers and investors are capitalising on previously unexplored prospects and investing novel product development tactics.
Natural Cycles & Oura smart ring, Google and Fitbit, AVA Fertility Tracker wearable and AVA Fertility Tracker application, and a few more are among the companies that have integrated the software and gadgets. Period cycle tracking, fertility and ovulation management, menstrual health management, and prenatal care management are among the services provided by the app and device combo. Companies are focusing on enhancing female user engagement and intended outcomes with these new solutions. The market is growing due to a social movement toward normalising women's health issues and actively treating them through various digital health technologies. Women can better understand their bodies and prioritise their health issues with the help of customised health approaches.
Health-care systems across Europe and beyond are under strain. Many people have high aspirations for technical solutions, especially digital technology, which claims to give health care without time or space constraints and has the ability to alter health care systems and the industry. Health information is obtained via the internet, vital signs are evaluated using smart devices and sent directly to care providers, drugs are ordered via the internet, physicians are advised from the comfort of their own homes, and smartphone apps will be used to manage chronic conditions, among other things. Electronic health (eHealth), telemedicine, teleHealth, mobile health (mHealth), and other buzzwords are all included under the umbrella phrase digital health care.
The Germany market dominated the Europe Femtech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $691.9 Million by 2028. The UK market is poised to grow at a CAGR of 9.4% during (2022 - 2028). Additionally, The France market would display a CAGR of 11.2% during (2022 - 2028).
Based on Product Type, the market is segmented into Wearables and Mobile Apps. Based on Mobile Apps Type, the market is segmented into Fitness & Nutrition, Menstrual Health, Fertility Management/ Assisted Reproductive Technology Apps, Pregnancy Tracking & Postpartum Care, Menopause, Disease Management, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Femtech Market Size will Hit $10.1 Billion by 2028, at a CAGR of 10.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, HeraMED Ltd., iSono Health, Inc., Clue by Biowink GmbH, Chiaro Technology Ltd., Natural Cycles USA Corp., Flo Health UK Limited, Glow, Inc., and Withings France SA.
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