Each week, we highlight the news of the week in digital health. Find the titles that have made the buzz, the latest trends and innovations as well as the latest news in the field.
In the headlines: Femtech is a term used to describe technologies and applications that focus on women’s health. While this new market offers immense growth potential, taboos around sexuality, periods and menopause continue to hamper progress.
According to a recent report, the femtech market was worth USD 40.2 billion in 2020 and is expected to swell to USD 79.4 billion by 2025. “Despite growing interest in recent years, the industry remains underestimated even though it’s brimming with growth potential,” says Maria Shmelova, Head of UK-based strategic analytical agency FemTech Analytics.
It’s hard to gauge the value of this burgeoning market in Switzerland because most femtech firms are still in the early stages of development and some have yet to release their products or applications onto the market. But some Swiss startups have managed to attract substantial investment.
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