Becker's Healthcare April 12, 2021
Hannah Mitchell

Women represent half of the global population, but only a fraction of technology is geared toward women. Growth in “femtech” may finally change that, according to an April 7 report by The New York Times.

Femtech is technology and software addressing women’s biological needs. The term was first coined by Ida Tin, the founder of Clue, a period and ovulation tracking app established in 2013.

In 2019, the femtech industry generated $820.6 million in global revenue and received $592 million in venture capital investment. According to a March 2020 report by Frost & Sullivan, a research and strategy firm, revenue from femtech is expected to reach $1.1 billion by 2024.

“The market potential is huge,” said Michelle Tempest,...

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

 
Topics: Digital Health, Investments, Survey / Study, Technology, Trends
How Remote Patient Monitoring and AI Personalize Care
Digital Platforms Streamline Medication Access and Delivery
Too much data? Wearables for senior care have value but providers must know how to parse their output, experts say
Novel tech to answer nature’s call: Smartphone app provides real-time bladder data for seniors who need assistance
25 best healthcare software companies, per Healthcare Technology Report

Share This Article