DUBLIN, Sept. 16, 2020 /PRNewswire/ — The “Global Female Technology (Femtech) Market: Analysis and Forecast, 2019-2030” report has been added to ResearchAndMarkets.com’s offering.
The global Femtech market generated a revenue of $820.6 million in 2019 and is estimated to grow over $3.04 billion by the end of 2030.
The market is projected to grow at a CAGR of 12.65%, during the forecast period. There are multiple factors that drive the market such as increasing representation of women in the technological community, raising awareness of women’s health, growing prevalence of infectious diseases among females in low to middle-income countries, and a surge in funding activities, among others.
Despite having huge potential, the Femtech industry is still immensely underfunded accounting for only 1.4% aggregated capital that flows into healthcare. Also, a large number of healthcare venture capitalists are yet to invest in this sector. Indeed, the amount of investment received by