UAE a frontrunner in MENAโs 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 Africaโs (MENA) FemTech companies are based in the UAE, according to a Q4 2021 โ๐ ๐๐ฆ๐๐๐๐ก ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐โ 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 womenโs healthcare
- 60% of UAE FemTech companies address Womenโs 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 โRaising 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-20211
Link to the Interactive IT Platform: www.mindmaps.femtech.health/femtech-industry-uae2
The report highlights e-commerce platforms focused on womenโs healthcare as a key driver of the UAE FemTech sector. While MENAโs 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 womenโs wellness and menstrual health. This report covers core and non-core companies with a direct and indirect focus to advance womenโs 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 โRaising Capital in FemTech: Opportunities and Challengesโ. The event is now open for registration via www.femtech.health/conference-18november3.
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 womenโs 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, ๏ฌnancing 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, ๐๐๐ญ๐ ๐๐๐ญ๐ณ, ๐๐ข๐ซ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐ ๐๐ฆ๐๐๐๐ก ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ (๐๐๐), said: โThe 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 nationโs prospects within the industry.โ
๐๐ฎ๐ฅ๐ข๐ ๐๐จ๐ง๐๐๐ซ๐ฎ๐ค, ๐๐๐ง๐ข๐จ๐ซ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐ซ๐ญ๐ง๐๐ซ๐ฌ๐ก๐ข๐ฉ๐ฌ ๐๐๐ง๐๐ ๐๐ซ, ๐ ๐๐ฆ๐๐๐๐ก ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ (๐๐๐), added: โThe FemTech industry encompasses a wide range of business technologies aimed at empowering female founders and catering to womenโs 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 โFemTech 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
1 https://www.femtech.health/femtech-uae-2021
2 https://mindmaps.femtech.health/femtech-industry-uae
3 https://www.femtech.health/conference-18november