UAE a frontrunner in MENA’s race for FemTech innovation

femtech, uae, women, focu,
UAE
  • Date: 17-Nov-2021
  • Source: Zawya
  • Sector: Technology
  • Country: UAE
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UAE a frontrunner in MENA’s race for FemTech innovation

UAE FemTech sector driven by e-commerce platforms focused on women’s healthcare 60% of UAE FemTech companies address Women’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 ‘Raising Capital in FemTech: Opportunities and Challenges’ conference to accelerate FemTech development and address the funding gap United Arab Emirates : One-third of Middle East and North Africa’s (MENA) FemTech companies are based in the UAE, according to a Q4 2021 ‘FemTech Industry in the UAE’ report published by FemTech Analytics, a subsidiary of UK-based consortium the Deep Knowledge Group. 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 women’s healthcare as a key driver of the UAE FemTech sector. While MENA’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.

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