Artificial Intelligence
FemTech Global Market to Exhibit Growth Significantly at a CAGR of ~14% by 2028 | DelveInsight
New York, USA, July 11, 2023 (GLOBE NEWSWIRE) — FemTech Global Market to Exhibit Growth Significantly at a CAGR of ~14% by 2028 | DelveInsight
The global FemTech market is predicted to surge owing to the adoption of digital health solutions, advancements in artificial intelligence and virtual assistance, growth in investments and funding, growing female awareness of personal health and hygiene, rising infectious diseases among women, and large investments made by the government and other organizations, among others.
DelveInsight’s FemTech Market Insights report provides the current and forecast market analysis, individual leading FemTech companies’ market shares, challenges, FemTech market drivers, barriers, trends, and key market FemTech companies in the market.
Key Takeaways from the FemTech Market Report
- As per DelveInsight estimates, North America is anticipated to dominate the global FemTech market during the forecast period.
- Notable FemTech companies such as HeraMED, Sera Prognostics, iSono Health, Inc., Flo Health Inc., NUVO Inc., Natural Cycles USA Corp, Athena Feminine Technologies, Inc., NUROKOR LIMITED, Canopie, Univfy Inc., Glow Inc., Clue by Biowink GmbH, Oura Health Oy., Ava, Laboratory Corporation of America® Holdings, Baymatob Operations Pty. Ltd., Expectful, Evofem Biosciences, Inc., March Inc., Syantra Inc., and several others, are currently operating in the FemTech market.
- In November 2022, London-based accelerator FemTech Lab launched an innovation space for the FemTech community. The FemTech Hub is the first physical innovation hub dedicated to women’s health, especially.
- In June 2022, companies in Japan introduced “Femtech” or “Female technology,” under which attention is being paid to the health of female employees. This initiative was undertaken by the Ministry of Economy, Trade, and Industry in Japan.
- In April 2022, a femtech startup, Conceive, received USD 3.7 million in funding that would be used for its outcomes-oriented fertility solution.
To read more about the latest highlights related to the FemTech market, get a snapshot of the key highlights entailed in the Global FemTech Market Report
FemTech Overview
Women’s health technology, or Femtech, is one of the most rapidly growing and well-funded areas of digital health. Femtech is a broad term that refers to a variety of digital health applications and tech-enabled service providers that cater to the biological needs of women. These requirements range from basic health and wellness to reproductive health, which includes fertility, pregnancy, and nursing care. Femtech industries primarily encompass mother and child care, family planning, fertility, and menstrual cycles, as well as other biomedical devices and applications dealing with invasive reproductive health.
FemTech Market Insights
North America is expected to account for the highest proportion of the global FemTech market in 2023, out of all regions. Factors such as the high prevalence of cancer among women, the rising incidence of lifestyle-related ailments, the widespread acceptance of technologically improved goods, and others are projected to contribute to the growth of the North American femtech market. Furthermore, the region’s target population’s high disposable income, advanced healthcare infrastructure, and increased awareness of FemTech goods and services aided FemTech market expansion.
In addition to the factors described above, strategic activities such as product launches and approvals, mergers, acquisitions, collaborations, investments, and others contribute to promote regional product demand. For example, in August 2022, a US-based femtech business received USD 3.2 million in seed funding in a round led by Thiel Capital with a fitness and wellness pitch that intends to connect women to the hormonal phases of their menstrual cycle for physical and emotional gain.
To know more about why North America is leading the market growth in the FemTech market, get a snapshot of the FemTech Market Outlook
The FemTech market is expanding due to a variety of factors, one of which is the increasing need for digital technology and the adoption of these technical services by individuals. In recent years, internet and smartphone use has increased across all demographic categories. The primary goal of FemTech technology is to address the ailments and demands of women all over the world. As a result of the use of femtech technology to better understand and diagnose women’s problems, there is a considerable demand for FemTech services. The FemTech market goods have been fuelled by how digital technology is being used to manage women’s health in various areas.
Furthermore, increased government and other public and private sector investments will drive the FemTech market demand. In addition, the growth in infectious disorders among women in recent years has created tremendous demand for femtech products and services, as femtech products and services may assist manage, treat, and diagnose infectious diseases.
However, cybersecurity and privacy concerns, and a lack of understanding regarding FemTech products and applications in underdeveloped countries, may limit the FemTech market’s growth.
Additionally, during the COVID-19 pandemic, the FemTech market was greatly disrupted. The sale of femtech collapsed during the early stages of the pandemic due to the installation of severe lockdown rules, as well as disruptions in manufacture and supply. Furthermore, the pandemic’s breakout resulted in the cancellation of outpatient consultations for the diagnosis, treatment, and management of different reproductive and gynecological diseases. However, with the increasing use of telehealth services in the healthcare business and the availability of many femtech items via e-commerce, demand for femtech has risen dramatically. As a result of the unexpected increase, industry participants concentrated on strategic initiatives to strengthen their competitive edge in the market, bringing the FemTech market back on track. As a result, the aforementioned factors fueled demand for FemTech devices and services during the pandemic and are expected to do so in the coming years.
Get a sneak peek at the FemTech market dynamics @ FemTech Market Dynamics Analysis
| Report Metrics | Details |
| Coverage | Global |
| Study Period | 2020–2028 |
| FemTech Market CAGR | ~14% |
| Key FemTech Companies | HeraMED, Sera Prognostics, iSono Health, Inc., Flo Health Inc., NUVO Inc., Natural Cycles USA Corp, Athena Feminine Technologies, Inc., NUROKOR LIMITED, Canopie, Univfy Inc., Glow Inc., Clue by Biowink GmbH, Oura Health Oy., Ava, Laboratory Corporation of America® Holdings, Baymatob Operations Pty. Ltd., Expectful, Evofem Biosciences, Inc., March Inc., Syantra Inc., among others |
FemTech Market Assessment
- FemTech Market Segmentation
- FemTech Market Segmentation By Type: Devices, Software, and Services
- FemTech Market Segmentation By Application: Reproductive Health, Pregnancy & Nursing Care, Pelvic & Uterine Healthcare, General Healthcare & Wellness, and Others
- FemTech Market Segmentation By End User: Hospitals, Fertility Clinics, Diagnostic Centers, and Others
- FemTech Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Which MedTech key players in the FemTech market are set to emerge as the trendsetter explore @ FemTech Companies
Table of Contents
| 1 | Report Introduction |
| 2 | Executive summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Key Factors Analysis |
| 5 | Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on FemTech Market |
| 7 | FemTech Market Layout |
| 8 | Global Company Share Analysis – Key 3-5 Companies |
| 9 | FemTech Market Company and Product Profiles |
| 10 | Project Approach |
| 11 | About DelveInsight |
Interested in knowing the FemTech market by 2028? Click to get a snapshot of the FemTech Market Trends
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Artificial Intelligence
Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM with around 500K AMRs shipment by 2030 – LogisticsIQ
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Key Market Drivers
Increased Efficiency: Businesses are rapidly adopting AMRs to enhance operational efficiency, reduce labour costs, and streamline workflows.Labor Shortages: The ongoing labour shortages in various industries have accelerated the need for automated solutions, making AMRs a crucial investment for companies.Technological Advancements: Innovations in artificial intelligence (AI), machine learning, and sensor technology are making AMRs more capable and reliable.Growing E-Commerce: The rise of e-commerce has created a demand for efficient warehouse management solutions, further boosting the AMR market.Regional Insights
North America leads the AMR market, accounting for the largest share due to the early adoption of automation technologies. Meanwhile, the Asia-Pacific region, especially China is expected to witness the fastest growth, fuelled by rapid industrialization and increasing investments in smart factories. US and China are going to contribute ~40% of this market by 2030.
Industry Applications
Autonomous mobile robots are being utilized in various applications, including:
Warehouse Automation: AMRs enhance inventory management and order fulfillment processes. This industry is expected to lead with more than 75% share by 2030.Manufacturing: Robots facilitate material handling and assembly line operations. Traditionally, it has been dominated by AGVs but are getting replaced by AMRs due to more flexibility and scalability features.Healthcare: AMRs assist in transporting medical supplies, improving patient care and operational efficiency. It is a niche market but high growing area to focus further.Purchase the full report on the Autonomous Mobile Robots Market – Growth, Trends, and Forecast
Top Factors & Challenges in the Autonomous Mobile Robots Market
Top Factors Driving Growth
Increased Demand for Automation: Businesses across industries are increasingly seeking automation to enhance efficiency and reduce operational costs.Technological Advancements: Innovations in AI, machine learning, and sensor technologies improve the capabilities and reliability of AMRs, making them more attractive to businesses.Labor Shortages: Ongoing labour shortages, especially in sectors like logistics and manufacturing, are pushing companies to adopt AMRs to maintain productivity.Growth of E-Commerce: The surge in online shopping requires efficient warehouse and logistics solutions, driving the adoption of AMRs for inventory management and order fulfillment.Improved Safety Standards: AMRs can reduce workplace accidents by taking over hazardous tasks, leading to safer working environments.Customization and Scalability: Many AMR solutions offer customizable features that allow businesses to scale operations according to their specific needs.Top Challenges
High Initial Costs: The upfront investment for AMRs can be substantial, which may deter smaller businesses from adoption.Integration with Existing Systems: Integrating AMRs into current operational workflows and legacy systems can be complex and resource-intensive.Regulatory Compliance: Navigating regulatory requirements and safety standards can pose challenges, especially in highly regulated industries.Limited Awareness and Understanding: Some businesses may lack knowledge about AMR technology and its potential benefits, hindering adoption.Technical Limitations: While technology is advancing, AMRs may still struggle with navigating complex environments or handling unexpected obstacles.Cybersecurity Concerns: As AMRs become more connected, they may be vulnerable to cybersecurity threats, requiring robust security measures.Know more about Autonomous Mobile Robots Market – Top Players, Cost Analysis, Competition, and Customer Expectation
What will you get in this report?
500 Pages and 160+ Exhibits Market ReportRevenue and Shipment data segmented:By form factor (Deck-load, Tugger/Pull, Forklift)By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera, Sensor, Fusion)By Function (Goods to person (G2P), Person to Goods (P2G), Conveying, Piece picking, Towing, Pallet Handling)By Application (Manufacturing, Logistics and Warehousing, Shipping, Delivery, Cleaning, Security, Hospital, Retail)Detailed excel file with 150+ market tables (Revenue and Shipment) including forecast till 2030A bottom-up analysis of Autonomous Mobile Robots Market for 19 countries (United States, Canada, Germany, UK, France, Italy, Spain, Nordics, China, Japan, South Korea, Australia, India, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Phillippines) in 5 regionsIn-depth analysis of 700 companies in the ecosystem with more than 160 company profiles.Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis. Stakeholders include components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of Autonomous Mobile Robots like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication.2 Analyst Sessions to brainstorm furtherInvestment details excel file with 175+ M&A and ~1000 funding dealsLogisticsIQ™ Exclusive Market Map (700+ Players across more than 15 categories)About LogisticsIQ
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