The North America Femtech Market would witness market growth of 9.9% CAGR during the forecast period (2022-2028).
Infectious diseases are becoming more common among women in various areas, prompting an increase in financing. These kind of financial donations and grants help to digitalize women's health. Femtech allows women all around the world to access a variety of services and goods. Some businesses provide a telemedicine app that delivers consultations and medicines for free or for a fee.
Women are becoming more selective about the items they put on their bodies as the number of femtech entrepreneurs grows. Femtech works to encourage new ways to educate and de-stigmatize issues affecting girls and women around the world while also encouraging environmental awareness. Female ware is designed and developed by a slew of startups, policy organisations, and digital companies.
Femtech apps have a logical motivation. Many women and others in need still lack access to abortion and prescription birth control, and some politicians still regard every female body as a "host." Technology can help people acquire more control over their own health in this way, and not just when it comes to reproduction. For example, the Apple Watch's EKG capability can detect potential cardiac problems, which is important considering since heart disease kills one in every four women, according to Sloan Gaon, CEO of health data and technology business PulsePoint.
The adoption rate of various advanced solutions and software is high in this region due to the presence of key developed nations. In addition, the presence of key market players in the region is leading to the launch of numerous innovative and advanced femtech solutions. Caregivers are more likely to suffer from poor physical and mental health, such as depression and anxiety. The COVID-19 pandemic has increased to the stress of being a caregiver. It is critical for caregivers to live a healthy lifestyle, manage stress, and seek help when required, especially during COVID-19.
Menstrual hygiene is important for gynecologic health, mental health, social ties, and professional success. There are many women who are investing their money and efforts to maintain menstrual health by adopting innovative femtech solutions and apps and hence, fueling the demand and growth of the regional femtech market over the forecast period. In US, women are facing numerous problems regarding maternity and menstruation, which would further compel companies to launch news products and solutions.
The US market dominated the North America Femtech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,834.1 Million by 2028. The Canada market is experiencing a CAGR of 12.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 11.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Femtech Market is Predict to reach $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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