Science Press Releases
SEE OTHER BRANDS

Informing on science news in the world

UAE a frontrunner in MENAโ€™s race for FemTech innovation

One-third of regional FemTech companies are based in the UAE

UNITED ARAB EMIRATES, November 18, 2021 /EINPresswire.com/ -- One-third of Middle East and North Africaโ€™s (MENA) FemTech companies are based in the UAE, according to a Q4 2021 โ€˜๐…๐ž๐ฆ๐“๐ž๐œ๐ก ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐€๐„โ€™ report published by FemTech Analytics, a subsidiary of UK-based consortium the Deep Knowledge Group.

- UAE FemTech sector driven by e-commerce platforms focused on womenโ€™s healthcare
- 60% of UAE FemTech companies address Womenโ€™s Wellness and Menstrual Health
- UAE FemTech startups are predominately founded and led by women, but receive less funding than their male counterparts
- FemTech Analytics to host โ€˜Raising Capital in FemTech: Opportunities and Challengesโ€™ conference to accelerate FemTech development and address the funding gap

Link to the Report: www.femtech.health/femtech-uae-2021
Link to the Interactive IT Platform: www.mindmaps.femtech.health/femtech-industry-uae

The report highlights e-commerce platforms focused on womenโ€™s healthcare as a key driver of the UAE FemTech sector. While MENAโ€™s overall share of the total number of FemTech companies barely reaches 6%, the UAE is well-positioned to achieve exponential growth within the FemTech industry, especially considering the number of UAE projects set to launch in the near future.

FemTech (female technology) is a term applied to a category of software, diagnostics, products, and services that use technology to focus on women's health and wellness. Approximately 60% of FemTech companies in the UAE are addressing womenโ€™s wellness and menstrual health. This report covers core and non-core companies with a direct and indirect focus to advance womenโ€™s wellbeing in the UAE.

To facilitate further discourse about FemTech and accelerate the development of the industry in the UAE and globally, FemTech Analytics is hosting a virtual public conference titled โ€˜Raising Capital in FemTech: Opportunities and Challengesโ€™. The event is now open for registration via www.femtech.health/conference-18november.

The event aims to address the low levels of investment, which represent a fundamental challenge for FemTech companies. Leading investors and FemTech founders are set to share their insights and best practices and answer questions about raising FemTech capital.

The UAE is actively prioritising womenโ€™s health by accelerating the growth of female technologies. By doing so, the country has demonstrated the potential to lead by example globally and regionally. It has a national strategy in place to empower women, and its Gender Balance Council works to develop policies that support women at various levels. There are many female-empowering organizations in the UAE, launched with the support of both the government and the business community, enabling women to work and take initiative, and providing them with healthcare, grants, networking opportunities, ๏ฌnancing and knowledge.

Given most investors in the wider MENA region are men, the lack of understanding of female healthcare needs makes them reluctant to invest in female-related products. In addition, most FemTech startups in the UAE are founded and led by women, who tend to receive less funding than their male-led counterparts. Despite the increasing interest from governments, entrepreneurs and investors in recent years, the industry remains underestimated and brimming with potential.

Commenting on the findings, ๐Š๐š๐ญ๐ž ๐๐š๐ญ๐ณ, ๐ƒ๐ข๐ซ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐…๐ž๐ฆ๐“๐ž๐œ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ญ๐ข๐œ๐ฌ (๐”๐’๐€), said: โ€œThe UAE emerged as a global powerhouse of education, business and community for women, accelerating equality, diversity and inclusion across the public and private sectors. There is a constant growth of female representation in the UAE government and across industries nationwide. These socio-economic transformations are creating a solid foundation for FemTech development and largely contributing to the nationโ€™s prospects within the industry.โ€

๐‰๐ฎ๐ฅ๐ข๐š ๐๐จ๐ง๐๐š๐ซ๐ฎ๐ค, ๐’๐ž๐ง๐ข๐จ๐ซ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐œ ๐๐š๐ซ๐ญ๐ง๐ž๐ซ๐ฌ๐ก๐ข๐ฉ๐ฌ ๐Œ๐š๐ง๐š๐ ๐ž๐ซ, ๐…๐ž๐ฆ๐“๐ž๐œ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ญ๐ข๐œ๐ฌ (๐”๐€๐„), added: โ€œThe FemTech industry encompasses a wide range of business technologies aimed at empowering female founders and catering to womenโ€™s health and wellbeing. Although the industry emerged a few years ago, its challenges have been unresolved for decades. By developing HealthTech and Longevity solutions, FemTech seeks to fulfil the long-term unmet needs of women.

Today, pregnancy, nursing, and reproductive health represent approximately 50% of the overall FemTech market.โ€
The โ€˜FemTech Industry in the UAEโ€™ report showcases the recent developments, current state and short-term projections of the emerging local FemTech market. Based on the assembled and analyzed data, the report reveals vital features, trends, industry innovations, technologies, market size, among other perspectives.

The analytics in the report are based on information about 56 organizations directly or indirectly contributing to the UAE FemTech market, including 30 companies and 26 investors selected by sector. The report also depicts the top FemTech influencers in the country and their contributions to the development of the industry.

Baha Hamadi
Vice President, Communications โ€“ Gulf
+ +971509415848
bh@dkv.global

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Share us

on your social networks:
AGPs

Get the latest news on this topic.

SIGN UP FOR FREE TODAY

No Thanks

By signing to this email alert, you
agree to our Terms of Service