VANCOUVER, B.C., Sept. 14, 2020
- Owing to the growing expenditure and product production, Femtech Market is expected to experience robust growth over the projected period.
- Femtech Market Size – USD 18.75 billion in 2019, Femtech Market Growth - CAGR of 15.6%, Femtech Industry trends – High demand from developing nations
VANCOUVER, B.C., Sept. 14, 2020 /PRNewswire/ -- The Global Femtech Market is expected to reach USD 60.01 Billion by 2027, according to a new report by Emergen Research. Demand for the femtech industry is motivated mainly by the growing burden of both chronic and infectious diseases among the world's female population. An increase in the number of health problems relating to women would stimulate competition for technologically innovative healthcare solutions. Growing women's emphasis on reproductive health and sexual empowerment in developing economies would further encourage development in the industry.
Increasing awareness among women of the detection and management of early illness as part of the patient care program would improve the market outlook. Various efforts by government and other agencies in developing countries to raise awareness of women's health would accelerate the development of the industry. Furthermore, an increasing tendency towards daily preventive care check-ups, as well as the advancement of user-friendly technology to track individual health problems, may prove beneficial to the developments in the women's health industry.
While more and more people today choose to be more transparent about their health concerns and treatment, in some of the lesser developed regions, women's health issues remain stigmatized. For these places, Femtech applications are likely to be favored because the scanning is less invasive and more secure. Increasing population growth is related to being one of the main factors behind the case.
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Key Highlights From The Report
For the purpose of this report, Emergen Research has segmented into the Global Femtech Market on the basis of type, end-use, application, and region:
Type Outlook (Revenue: USD Billion; 2017-2027)
End Use Outlook (Revenue: USD Billion; 2017-2027)
Application Outlook (Revenue: USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
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