Prior to now few years, the event of expertise, services and products to help the well being and wellbeing of girls globally, known as FemTech, has exploded exponentially. Traditionally, ladies’s well being has not been researched as in-depth of males’s well being, making FemTech a comparatively new trade. Elevated analysis inside this realm of well being has contributed to the expansion inside the trade, from menstruation, fertility and menopause being a number of the main focus areas.
What’s FemTech?
FemTech is the shortened model of ‘feminine expertise,’ and is outlined as any expertise, services or products developed to help ladies’s well being.
It typically contains the next:
- Reproductive well being and fertility (apps, at-home testing or fertility platforms).
- Menstrual cycle monitoring (cell apps and wearable expertise).
- Being pregnant, postpartum and parenthood (telehealth and help platforms).
- Menopause (digital clinics, teaching and prescription pathways).
- Pelvic well being and ladies’s medical gadgets (incontinence gadgets, diagnostics).
- Sexual well being and wellbeing (contraceptive expertise and psychological well being).
Is FemTech Just for Ladies?
FemTech is an trade that focuses on the well being of girls and women (who have been assigned feminine at delivery) and contains non-binary and trans individuals. With shifting attitudes and the event of wider product choices, the sector is turning into extra inclusive throughout the gender spectrum. FemTech revolves round particular well being points equivalent to menstruation, fertility, pelvic well being and way more. It could actually vary from monitoring, recommendation and knowledge, analysis and plenty of deal with creating an area for a various group of girls to entry info to enhance their well being wants. The general goal of FemTech is normally to shut the gender-health hole globally by way of accessibility.
How Huge is The FemTech Market?
In 2024, the FemTech market was estimated at USD $39.29 billion and is anticipated to achieve greater than USD $97.25 billion by 2030. This enhance is anticipated because of the surge in telehealth and consciousness on particular ladies’s well being wants.
The World FemTech Market
Europe is presently standing at one of many fastest-growing areas for FemTech initiatives. There are a selection of individuals investing in ladies’s well being options, from startups, established healthcare professionals and traders focusing strongly on the gaps out there.
The UK FemTech Market Measurement
The UK is seen as one of many key hubs for FemTech innovation in Europe. In line with trade studies, the UK FemTech market is valued at over £400 million, with expectations of double-digit development yearly. The rise of well being apps, digital diagnostics and personalised well being providers are main drivers of this enlargement.
London, particularly, is a hotbed for FemTech start-ups, with firms specialising in fertility monitoring, hormone testing and menopause help gaining robust funding traction.
Areas of Progress Inside UK FemTech
The UK market is various and spans a number of classes:
Menstrual Well being: From period-tracking apps to sustainable menstrual merchandise.
Fertility & Being pregnant: Revolutionary fertility exams, at-home diagnostics and IVF help platforms.
Menopause: Growing consciousness and demand for options supporting ladies by way of mid-life well being transitions.
Continual Situations: Begin-ups are addressing situations equivalent to endometriosis and PCOS, which have traditionally been under-researched.
Funding and Funding in UK FemTech
Funding in UK FemTech firms has surged previously 5 years. Enterprise capital companies and angel traders are more and more recognising the market potential. In 2022 alone, UK FemTech start-ups raised over £100 million in funding, exhibiting robust investor confidence within the sector.
Nevertheless, in comparison with different areas of digital well being, FemTech nonetheless receives a comparatively small share of investment-a reflection of the trade’s newness and the lingering gender bias in medical analysis and funding selections.
Challenges Dealing with FemTech within the UK
Regardless of development, there are obstacles:
Funding Gaps: Ladies-led companies typically face challenges accessing capital.
Consciousness: FemTech remains to be comparatively unknown to many shoppers and stigma round ladies’s well being persists.
Regulation: As with all health-related product or app, navigating medical regulation can decelerate innovation.
