Iceland Femtech Market Size & Outlook, 2023-2030
Iceland femtech market, 2018-2030 (US$M)
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Iceland femtech market highlights
- The Iceland femtech market generated a revenue of USD 249.0 million in 2023 and is expected to reach USD 768.0 million by 2030.
- The Iceland market is expected to grow at a CAGR of 17.5% from 2024 to 2030.
- In terms of segment, devices was the largest revenue generating type in 2023.
- Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Femtech market data book summary
| Market revenue in 2023 | USD 249.0 million |
| Market revenue in 2030 | USD 768.0 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Devices |
| Fastest growing segment | Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Software, Services, Consumer Products |
| Key market players worldwide | Alphabet Inc Class A, Apple Inc, Nokia Oyj, Fitbit, Flo Health, Natural Cycles, Glow, Clue |
Other key industry trends
- In terms of revenue, Iceland accounted for 0.7% of the global femtech market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK femtech market is projected to lead the regional market in terms of revenue in 2030.
- Finland is the fastest growing regional market in Europe and is projected to reach USD 943.4 million by 2030.
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Femtech Market Scope
Femtech Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Iceland femtech market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to femtech market will help companies and investors design strategic landscapes.
Devices was the largest segment with a revenue share of 33.78% in 2023. Horizon Databook has segmented the Iceland femtech market based on devices, software, services, consumer products covering the revenue growth of each sub-segment from 2018 to 2030.
The implementation of digital technological solutions in the Icelandic healthcare system is increasing and is focused on improving the quality & quantity of health-related services. Government bodies are undertaking multiple initiatives in the field of digital health technologies and promoting preventive care solutions.
For instance, the eHealth strategy of Iceland 2017–2020 focuses on boosting the digitalization of healthcare and establishing interconnected & integrated healthcare systems. Furthermore, increasing funding for mobile health solutions and connected health also showcase significant growth opportunity in the market.
In addition, it has been attracting numerous new investments, which, in turn, have had a positive impact on market growth. The adoption of wearables and health applications is not yet widespread however, benefits of smart apps and wearables are attracting patients toward digital tracking of basic health information.
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Target buyers of Iceland femtech market databook
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Our clientele includes a mix of femtech market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Iceland femtech market, including forecasts for subscribers. This country databook contains high-level insights into Iceland femtech market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Iceland femtech market size, by type, 2018-2030 (US$M)
Iceland Femtech Market Share, 2023 & 2030 (US$M)
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