The Future of the Femtech Industry

The Future of the Femtech Industry

Alex D'Souza, Healthcare Tech Outlook | Monday, March 15, 2021

There will be more apps and products due to an increase in research and funding towards women's health.

FREMONT, CA: In the past few years, the technological landscape has taken revolutionary steps to balance gender disparities. It has led to the innovation of a female-centric health technology market that utilizes tech as the proponent for women's health and wellness. Femtech usually refers to software, diagnostics, products, and services that leverage technology to help women's health. The femtech industry is comparatively new. Although it is still underfunded, experts forecast that it will evolve exponentially in the future. Its potential is estimated to be around USD 50 billion in 2025 to include women's health and technology topics.

Top 10 Healthcare Startups - 2020Many aspects have helped propel the agenda of femtech. More women are choosing for tech roles that men conventionally held. As this representation evolves, awareness of health problems, which significantly impact women, is increased. It has always been healthcare providers' mission to develop strategies that enhance penetration into middle and low-income countries. Infectious illnesses are increasing in importance among women in many regions that have led to an increase in funding—financial donations of this nature work to digitalize women's health. Women across the world can access many services and products because of femtech. Some firms operate a telemedicine app that offers free or paid consultations and gives prescriptions.

As several entrepreneurs venturing into female technologies scale, women are becoming more discerning about the products they use on their bodies. Femtech promotes innovative substitutes to educate and destigmatize girls and women's problems on a global scale while promoting environmentalism. Today, several startups, policy formations, and tech enterprises design and develop female wear. Using AI-based molding machines to mass-produce biodegradable disposable or reusable tech gadgets for the period can MITIGATE the colossal waste burden. These hygiene products are projected to minimize economic and environmental costs.

There are presently a few hundred startups in the femtech landscape. Their primary focus is on women's wellness care like fertility tracking and pregnancy applications. Women own a notable percentage of entrepreneurial endeavors. Seeing more investment from healthcare is expected, and it will shape the femtech industry.

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