What You Should Know:
- The global femtech market size is expected to grow from $12.65 billion in 2022 to $22.29 billion by 2028, with an estimated CAGR of 9.9% from 2022 to 2028, according to the latest Insight Partners report.
- The report reveals that the global femtech market growth is driven by increasing demand for medical devices used in the female health industry and growing demand for technologically advanced femtech products.
Femtech Market Drivers
The Femtech market
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Femtech
Femtech – Changing Dynamics of Women’s Healthcare
Femtech a term coined by Danish entrepreneur Ida Tin in 2016 has become a revolutionary moment for women across the globe. Femtech as the term suggests focuses on using technology to solve health issues in females. Although women are the primary caregivers of families, they themselves are at the receiving end of not getting treated for the ailments they suffer. This is owing to multiple reasons that range from socio-economic conditions, lack of awareness regarding health issues and less or no
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Femtech Startup Nanopath Raises $10M to Develop POC Diagnostics for Women’s Health
What You Should Know:
- Nanopath, a molecular diagnostics company enabling high-quality molecular testing in minutes raises $10M in Series A funding, co-led by co-led by Norwest Venture Partners and Medtech Convergence Fund, to develop a point-of-care diagnostics platform for women’s health screenings.
- The company plans to use the latest round of funding to support development and commercialization of Nanopath's biosensing platform that aims to transform how women's pelvic and
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Mira Launches Ovum Wand to Predict Menopause and Monitor Fertility Status
What You Should Know:
- The FDA has listed Mira's new Mira Ovum Wand as an over-the-counter tool to detect the follicle-stimulating hormone (FSH) in urine. Starting October 2022, the product will be available to U.S. customers. The wands help monitor FSH levels to predict approaching menopause. They can also be used to monitor fertility and find possible causes of reproductive issues for women after 35.
- Mira's new Ovum Wand provides lab-accurate detection of the follicle-stimulating
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SimpliFed Raises $6M for Virtual Breastfeeding & Baby Feeding Support
What You Should Know:
- SimpliFed, the telehealth platform dedicated to democratizing access to baby feeding services, announced it has closed $6M in its seed round, led by Morningside Ventures and The Venture Collective, with participation from NY Ventures, Elizabeth Street Ventures, Waterline Ventures, and 3CC.
- SimpliFed provides virtual breastfeeding and baby feeding support fully covered by your health plan from pregnancy to weaning.
Virtual Inclusive Baby Feeding Support for
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UCSF Health & Tia Partner to Open Flagship Women’s Clinic in SF
What You Should Know:
- UCSF Health, and women's healthcare provider Tia announced a partnership to transform women's healthcare in the Bay Area -- while also demonstrating a model for how a traditional health system and an upstart can work together to improve health outcomes and experiences for 51% of the population.
- The flagship Tia Clinic will provide Bay Area women with a first-of-its-kind medical home designed to make every woman feel seen, heard and cared
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Femtech Startup Ruth Health Secures $2.4M to Transform Telehealth Approach to Pregnancy Care
What You Should Know:
- Femtech startup Ruth Health providing progressive telehealth and comprehensive care platform built for women by women announced it has raised $2.4M seed funding round led by Giant Ventures, with participation from Citylight VC, Cleo Capital Scout Fund, Crista Galli Ventures, Duro VC, Emmeline Ventures, Gaingels, Global Founders Capital, Pentas Ventures, SOMA Capital, Techstars, Torch Capital, YCombinator, and various strategic angels. This brings Ruth Health’s
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FemTech Startup Conceive Raises $3.7M for Outcomes-Oriented Fertility Solution
What You Should Know:
- Conceive, a New York City-based femtech startup on a mission to transform fertility, today that the public beta of its integrated solution is now live.
- The company's launch is fueled by a $3.7M seed round led by Kindred Ventures, with participation from Founder Collective, Great Oaks, and 40+ founders and angels. The majority female and 42% BIPOC cap table includes the founders of Natalist, Tia, Forward, Cityblock, Pillpack, Dia&Co, along with the deep
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Philips & Nuvo Group Partner to Tackle Maternal Care Disparities in Rural Colorado
What You Should Know:
- Today, Nuvo Group announced a strategic collaboration with Philips to address maternal care disparities in rural areas, beginning in Colorado.
- Following the White House's call to action on maternal health, the companies’ goal is to offer an integrated solution for rural-based care providers and their patients to increase access and drive adherence to prescribed prenatal care via the INVU by Nuvo remote pregnancy monitoring
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FemTec Health Taps GeniusRx as Exclusive Online Pharmacy Partner for D2C Platform
What You Should Know:
- Today, FemTec Health, the leading health and beauty sciences company, announced an exclusive partnership with online pharmacy company GeniusRx that will provide Awesome Woman members access to on-demand, door-to-door prescription delivery.
- Launching later this month, Awesome Woman is FemTec Health’s consumer brand that will provide personalized health and wellness services along with products that are meaningful and effective to women at all life stages.
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