Women experience unique health issues whether it is Reproductive health, infertility, maternal health, post-natal depression, breast cancer, PCOD, menopause, etc. A proper guidance by advocating, evidence-based programs and community health, can avoid any life-threatening situation.
Femtech is word coined for female technology that includes software development, diagnostics, products, and services that mainly focus on female health and related issues. It can be categorized into four main categories: reproductive health (including menstrual & fertility solutions), pregnancy & nursing care, general healthcare and Longevity.
| Sub-categories | |||||||||
| Femtech | Reproductive Health |
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| Pregnancy and Nursing |
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| General Healthcare |
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| Longevity |
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| Other |
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Femtech is becoming the new favourite tool for employers. As women represent half of the planet’s population. Thus prevalence of chronic diseases among women is two times, mental health issues is 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 Market size by 2021
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 gynaecology sector. Women’s reproductive health is no longer approached using traditional ways. Artificial Intelligence has increased its branches in almost every sector including Femtech’s world. AI combined with IOMT (Internet of medical things) 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 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 thousands + man hours towards Femtech Landscape in emerging areas like Reproductive Health Period, fertility tracking, pregnancy, nursing care with comprehensive OBSGYN , Fetal Medicine EHR, Post natal Care, Maternal Health, General Healthcare and Wellness.
