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Is 'Femtech' the Next Big Thing in Healthcare?

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Clue's period and ovulation app.

Michelle Tempest, a partner at the London-based health care consultancy Candesic and a psychiatrist by training, said femtech's market potential is "huge."

Credit: Clue

Numerous apps and technology companies are emerging in the "femtech" industry to address women's biological needs.

In addition to period- and fertility-tracking apps, some tech companies have rolled out wearable breast pumps and pelvic exercise apps.

Others focus on "menotech," or technologies that help women going through menopause, or on cervical, breast, and other cancers that affect women.

Israeli startup MobileODT has developed a smart imaging device that leverages smartphones and artificial intelligence to screen for cervical cancer, delivering diagnoses in about a minute.

French startup Lattice Medical has created a three-dimensionally (3D) printed hollow breast implant, which permits the regeneration of tissue and eventually is absorbed by the body.

With women spending about $500 billion annually on medical expenses according to PitchBook, there is significant potential in this market.

From The New York Times
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