Femtech is a female technology that includes software development, diagnostics, products, and services that mainly focus on female health and related issues. Femtech has historically been segmented into four main categories: reproductive health (including menstrual & fertility solutions), pregnancy & nursing care, pelvic & uterine healthcare, general healthcare, and wellness.
Femtech is becoming the new favorite tool for employers. As women represent half of the planet’s population. Thus the prevalence of chronic diseases among women is two times, mental health issues are five times, and vulnerability to autoimmune diseases is seven times higher than men. Still, only 4% of the total healthcare R& D funding is spent on women’s health, yet it represents a yearly economic burden of $500 billion.
Femtech predicted growth trajectoryFemTech is the new light of hope for women investors in healthcare. Femtech, a segment within the ever-growing healthtech sector, is ripe with cutting-edge innovation. According to various studies, the finding acquired through VC’s has been increasing since 2011 and received overall funding of more than $1 billion between 2014 to 2018. Multiple unmet women’s health needs offer plenty of room to grow and expand for existing and new competitors with a market potential of almost $50 billion by 2026.
Keeping an eye on the data analysis, we can clearly state that Femtech will rule the world and it’s not niche, as women represent half of the planet. Today we have a lot of menstrual tracking devices, medicines, and pills, cancer treatment solutions, ultrasound therapy, exercise and trainee apps, fertility-tracking mobile apps.
FemTech has a huge positive impact on the gynecology sector. Women’s productive health is no longer approached using traditional ways. Technology has brought forth medication and devices to diagnose and offer medication. It has been attributed to end the long humiliation of women of getting deprived of good gynecological care.
Artificial Intelligence has increased its branches in almost every sector including Femtech’s world. AI when combined with Wearable Tech and FemTech has a huge potential in creating a positive impact on women’s health. It has helped in pre-diagnosing fertility-related illness, accurate cycle predictions, sensor bracelets to predict the next fertile window, and ovulation through measuring nine psychological parameters. In the early ages when the concept of the period was not that much familiar in society, women had to visit a clinic on the third day of their cycle to check fertility.
smartData has contributed with 60 thousand + man-hours towards Femtech Landscape in emerging areas like Reproductive Health Period, fertility tracking, pregnancy, nursing care with comprehensive OBSGYN, Fetal Medicine EHR, Postnatal Care, Maternal Health, General Healthcare, and Wellness.
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