What is Femtech and Why You Need to Get into the Femtech Industry Now!

 

Femtech is short for female technology, and it refers to any type of technology that is designed to improve the health and wellbeing of women. This can include everything from fertility tracking apps to period tracking apps and even breast pumps.

Demand from the Femtech industry is growing globally as women are increasingly taking control of their health and wellbeing. The industry is expected to be worth $60 billion by 2027 according to a report by Emergen Research.

The femtech industry has seen a lot of growth in recent years, thanks in part to the rise of digital health and the increasing focus on women’s health. And it’s not just startups that are getting involved; big tech companies like Apple and Google are also making moves into the femtech space.

According to a report by the World Health Organization (WHO), around 830 women died every day from preventable causes related to pregnancy and childbirth in 2017. Maternal mortality is one of the key indicators of the health status of women. The high maternal mortality rate is a major concern for policy-makers and healthcare providers across the globe.

According to the Centers for Disease Control and Prevention (CDC), around 700 women in the US die from pregnancy-related complications every year. This is one of the key factors driving the growth of the femtech market in North America.

The lack of awareness about femtech products and solutions is a key challenge faced by players operating in the femtech market. The lack of awareness is especially a challenge for players operating in developing countries.

Athena Feminine Technologies, Sustain Natural, Sera Prognostics, HeraMED, iSono Health, Totohealth, Minerva, Nuvo, Elvie, and BioWink are a few of the major participants.

There are a number of factors driving the growth of the femtech industry, including:

• An increasing focus on women’s health: Women are increasingly taking control of their own health and wellbeing, and they’re demanding products and services that cater to their specific needs.

• The rise of digital health: Technology is playing an increasingly important role in healthcare, and femtech is benefiting from this trend.

• The growth of the wellness industry: Wellness is a booming industry, and femtech products are well-positioned to tap into this market.

• The increasing prevalence of chronic conditions: Conditions like endometriosis and PCOS are becoming more common, and femtech products can help women manage these conditions.

If you’re looking to enter the femtech space, there are a few things you should keep in mind.

First, it’s important to have a deep understanding of the needs of your target market. What problems are they trying to solve? What do they need help with?

Second, it’s important to have a strong understanding of the latest trends in digital health. What technologies are being used? What’s new and exciting?

And finally, it’s important to partner with the right people. Look for companies that share your vision and that have the resources to help you succeed.

The femtech industry is growing rapidly, and there’s a lot of opportunity for startups to make an impact. If you have a great idea and the right team in place, you could be well on your way to success.

Femtech Market Key Factor Driving Growth:

The increase in the number of awareness programs and initiatives by government organizations and non-profit organizations is a key factor driving the growth of this segment.

For instance, in May 2019, Merck KGaA launched an initiative named “Empowering the Future of Women’s Health” in collaboration with Nestlé Health Science and Pfizer Inc. This initiative is aimed at improving the lives of women by addressing the most pressing issues in women’s health.

The increase in the number of mergers and acquisitions is a key trend observed in the femtech market.

For instance, in October 2018, Procter & Gamble (P&G) acquired First Response, a provider of fertility and pregnancy tests. This acquisition will help P&G to expand its product portfolio in the femtech market.

The increase in venture capital funding is also a key trend observed in the femtech market.

For instance, in September 2018, Elvie raised $42 million in Series B funding led by Octopus Ventures. This funding will help the company to expand its product portfolio and business operations.

The increase in the number of partnerships and collaborations is also a key trend observed in the femtech market.

For instance, in March 2019, Ovia Health, a provider of fertility and pregnancy solutions, entered into a partnership with Cigna Corporation, a leading health insurance company. Under this partnership, Cigna’s customers will have access to Ovia Health’s products and services.

In conclusion, the femtech market is growing rapidly and presents a great opportunity for businesses to provide products and services that appeal to women. There are many different subcategories within the femtech industry, each with its own unique needs and requirements. Businesses that can identify these needs and target their products accordingly will be well-positioned to succeed in this rapidly growing market.

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Metaverse: What You Need To Know About the Next Big Thing

 

Metaverse is a user-generated virtual world launched in early 2020. It is one of the first fully decentralized virtual worlds, and allows users to create, explore, and monetize their own content and creations. Metaverse has its own internal currency, called "MTV", which can be used to purchase in-game items, goods, and services. There is no one company or organization that is responsible for the development of the Metaverse. Instead, it is being built by a variety of companies and organizations, including Linden Lab (the creators of Second Life), Google, Microsoft, and Facebook.

Metaverse is still in its early stages, but is already home to a growing community of creators and explorers. The world is constantly expanding as new users add their own creations and experiences. Metaverse is open to all, and anyone can contribute to its growth and development.

As Metaverse continues to grow, it will become an increasingly important platform for creators and entrepreneurs. Already, a number of businesses have been launched in Metaverse, including virtual reality experiences, games, and social media platforms. With its growing user base and expansive virtual world, Metaverse is poised to become one of the most important virtual platforms in the years to come.

According to a study published by the University of Washington, the Metaverse will likely be a 3D online world in which users can interact with each other and with digital objects in a realistic way. This would be similar to the virtual world of Second Life, but on a much larger scale. The Metaverse would be accessible through a variety of devices, including computers, smartphones, and virtual reality headsets. It would be a shared space where people could meet, socialize, and do business.

Revenue growth of the metaverse market is expected to continue as more businesses and consumers enter the market and adopt VR/AR technologies. The total revenue for the metaverse market is expected to reach USD 1,607.12 Billion in 2030, up from USD 63.08 Billion in 2021 at a CAGR of 43.3%.

One of the major trends driving the growth of the metaverse market is the increasing adoption of VR/AR technology. The use of VR/AR technology is growing at a rapid pace in various industries such as healthcare, retail, automotive, and aerospace. The adoption of VR/AR technology in these industries is expected to drive the growth of the metaverse market.

The growing demand for 3D content is another trend driving the growth of the metaverse market. The demand for 3D content is increasing due to the growing popularity of 3D movies and video games. The increasing demand for 3D content is expected to drive the growth of the metaverse market.

The increasing investment by major companies in the development of the metaverse is another trend driving the growth of the metaverse market. Major companies are investing heavily in the development of the metaverse to gain a competitive advantage in the market. The increasing investment by major companies is expected to drive the growth of the metaverse market.

Some major companies in the global metaverse market report include Facebook, Inc., Tencent Holdings Ltd., ByteDance Ltd., NetEase, Inc., Nvidia Corporation, Epic Games, Inc., Roblox Corporation, Unity Technologies, Inc., Lilith Games, and Nextech AR Solutions Corp.

Immunocytokines | Potentially Aid in Treatment of Glioblastoma

 

Immunocytokines are fusion proteins comprising a cytokine fused with a monoclonal antibody and are being viewed as a new class of biopharmaceuticals with great potential for cancer treatment. Immunocytokines aid in targeting specific tumors and generate immune responses to kill the tumor cells. Various antibody formats such as intact IgG and antibody fragments, along with tumor targets such as extracellular matrix components and cell membrane antigens, have been considered for development of immunocytokines. These pharmacologically active molecules have demonstrated lower toxicity and higher efficacy compared to several conventional cytokine-based therapies. Currently, immunocytokines are being studied for the treatment of various diseases besides cancer, such as chronic inflammatory diseases and autoimmune disorders.  

According to a study published in Science Translational Medicine in October 2020, a new immunocytokine-based therapy could potentially aid in treatment of glioblastoma, one of the most aggressive types of cancer affecting the brain or spinal cord. A group of scientists – led by Dario Neri and Patrick Roth from the Swiss Federal Institute of Technology and University Hospital Zurich, respectively – developed three L19-based immunocytokines, which first demonstrated anti-cancer activity in mouse models, and subsequently, in a human trail. Furthermore, in March 2021, Bright Peak Therapeutics Inc., a leading American biotechnology company developing next-generation cancer immunotherapies, announced its research collaboration with leading Japanese biopharmaceutical company, Ajinomoto Co., Inc. As part of the deal, Bright Peak signed an exclusive license agreement to use Ajinomoto’s proprietary bioconjugation technology, called AJICAP®, to develop Bright Peak Immunocytokines.

Revenue growth of the global immunocytokines market is majorly driven by factors such as rising prevalence of different types of cancer across the globe, growing awareness of early disease diagnosis and treatment among the population, and increasing demand for advanced diagnostics and therapeutics for treatment of cancer, autoimmune disorder, and other life-threatening diseases. According to the World Health Organization (WHO), cancer led to approximately 9.6 million deaths globally in 2018. Market revenue growth is further driven by factors such as increasing R&D activities for monoclonal antibodies, technological advancements in genetic sequencing techniques, and rising focus of various research and academic institutes on development of immunocytokines, particularly IL4, IL10, and TNF immunocytokines.

E-Skin Market Growth Driven by Rapid Advances in Material Science and Structural Designs

 

Electronic skin, or e skin, refers to a flexible, stretchable, and self-healing electronics that can efficiently mimic functionalities of human or animal skin. Electronic skin has diverse applications in robotics, artificial intelligence, health monitoring technologies, and prosthetics. Development of electronic skin has been a topic of research due to its relevant applications in robotics and in biomedical systems. E-skin basically protects the inner electronic system from damages and convey the mechanical stimulus in a way that is convenient for the sensor arrays. E-skin’s flexible and stretching characteristics facilitate miniaturized semiconductor components such as antennas, light-emitting diodes, compact power sources, and nanoscale drug delivery systems. Over the recent years, tremendous research and development activities have been carried out to develop a synthetic skin with self-healing capabilities similar to natural skin.

E-skin in healthcare sector can be used for prosthetics that can mimic the sense of touch, monitor for life signs, wound care, and in drug delivery. Rapidly aging global population and increasing prevalence of chronic diseases are expected to drive demand for e-skin. E-skin is an ultra-thin, flexible, wearable device that combines data and communication technologies with innovative materials, sensors, and microelectronics. Flexible displays are often integrated into the e-skin to reduce the discomfort associated with wearing bulky external monitoring devices. Over the recent years, many academic and research institutions have invested heavily in developing robust electronic skins. For instance, scientists and researchers at Stanford University of California have developed a very sensitive sensor that can be seamlessly integrated into an e-skin applied to a prosthetic limb. In a similar tandem, scientists from the Korea Institute of Machinery and Materials in South Korea have developed an e-skin for a prosthetic hand that can sense intensity of force, stress, or pressure to help a person recognize shape and texture of an object.

In February 2022, a breakthrough research study was published in the journal Science Robots wherein a team of researchers from Pohang University of Science & Technology (POSTECH) developed an electronic skin that can sense tactility in a way similar to humans. Researchers have developed an artificial sensory receptor that generates spike signals on its own and created an electronic skin that can send signals simultaneously to be analysed in real time. The research study was conducted with backing from Basic Research Laboratory Program and the Brain Convergence Research Program through the National Research Foundation of Korea.

In a research study published in January 2022, a team of Chinese researchers have created a flexible electronic skin that is equipped with sensors, wireless transmitters, and tiny vibrating magnets that offer haptic feedback to users. Attachment of these patches to various parts of the body such as hand, forearm, or knee can enable the system to record movements of the users and transmit them to robotic devices. The research has been published in the journal Science Advances.

Major companies in the e-skin market include Medidata Solutions, Intellisense Technology, Plastic Logic GmbH, Rotex Global, LLC, Smartlifeinc Limited, VivaLNK, Inc., Xenoma Inc., Xsensio, Chrono Therapeutics Inc., and iRhythm Technologies, Inc. In February 2022, deep tech startup, Touchlab raised £3.5 million in seed funding round. Touchlab develops tactile sensing e-skin for robots. Touchlab’s e-skin is thinner than human skin and can easily be retrofitted without reducing the robot’s or gripper’s degrees-of-freedom. Touchlab’s e-skin can withstand a high load, sense direction in 3D and can endure harsh environment such as acid, high and low temperatures, and radioactive environments conferring unique capabilities to the e-skin. 

Growing Focus on Development of Low Carbon Fuel for Maritime Industry to Fuel Revenue Growth of Green Methanol Market

 

Methanol is one of the most widely produced and used organic chemicals and a crucial raw material for various end-use industries. However, production of methanol by conventional methods releases robust amounts of fossil greenhouse gases. Growing focus on creating a carbon-neutral industrial system has led to the generation of green methanol and is expected to play a significant role in energy transition. Green methanol is a low-carbon fuel that can be produced from biomass gasification or renewable electricity and sequestered carbon dioxide. Green methanol is eco-friendly and can be used as an energy carrier for storing electricity generation from renewable sources. Escalation of climate crisis has created an unprecedented demand for alternative energy fuels and sources. Increasing affordability of renewable energy has enabled production of methanol based on wind and solar power, geothermal energy, or hydropower, which can in turn, significantly reduce greenhouse gas emissions. Green methanol also has the potential to serve as a fuel for maritime fuel applications and can be added to conventional liquid fuels or can be used to fuel 100% methanol-based vehicle systems.

Green methanol production involves biological pathways, thermo-chemical pathways, or electrofuel pathways such as power to gas. Green methanol can play a crucial role in decarbonising both energy and chemical sectors. Use of capture carbon as a feedstock can help reduce the large carbon footprint of chemical industry. Out of the carbon capture and utilisation (CCU)-based chemicals of interest, green methanol has garnered a lot of attention due to its potential role as an energy carrier. Green methanol can be used as a fuel in trucks and ships or converted to olefins to develop molecules of interest.

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Shipping industry has witnessed tremendous pressure from regulators and consumers to minimize greenhouse gas emissions. In recent news, A.P. Moller-Maersk announced it would launch a feeder ship in 2023 that would be running on green methanol. Maersk’s new vessel will be running solely on green methanpl; but the ship will also be able to utilize conventional fuels such as very low sulphur fuel oil and marine gas oil, and even LNG to some extent.

In March 2022, Maersk and Egyptian authorities signed a Memorandum of Understanding (MoU) to explore establishment of large-scale green fuel production in the region to accelerate shift towards zero-emission targets. In the same month, Chinese automotive company, Geely began testing its e-methanol vehicles in the Danish port of Aalborg. The two sedans and heavy truck run on e-methanol that is produced by Power-to-X solution, which is a sustainable, carbon-neutral, renewable fuel.

Key companies in the Green methanol market include Advanced Chemical Technologies, BASF SE, Uniper SE, Fraunhofer GmbH, Enerkem Inc., Innogy SE, Nordic Green ApS, Vertimass LLC, Saudi Basic Industries Corporation, and Södra Skogsägarna. In April 2022, Maersk announced a strategic partnership with five companies including Oiltanking Asia Pacific Pte. Ltd., Kenoil Marine Services Pte Ltd., Air Liquide, PTT Exploration and Production Public Company Limited, and YTL PowerSeraya Pte. Limited. For a “Green Methanol Value Chain Collaboration.” Under the partnership, the six companies will be running feasibility studies by the end of 2022 to develop a green e-methanol pilot plant having a minimum capacity of 50,000 tons per annum. The new plant will be working by converting biogenic carbon dioxide into green e-methanol.   

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Growing Consumer Focus on Sustainable Alternatives for Hygiene Products Using Materials based on Bioresources to Drive Bio Acrylic Acid Market Growth

 

Acrylic acid is a bulk chemical and is widely used in water-based acrylic resins in the form of acrylate esters. Acrylic acid and its salts and esters are key basic materials used for the superabsorbent, adhesive, and paint coating industries. In conventional method, acrylic acid is manufactured by a catalytic two-step gas-phase oxidation of propylene with a global production of more than five million tons annually. One of the major drawbacks of this route is the increased dependency on non-renewable fossil resources. Over the recent past, growing efforts to reduce carbon emissions and increasing concern regarding rapid depletion of fossil fuel resources have led the chemical companies and overall industry to search for and examine alternative route for bio-based feedstock for production of acrylic acid. Growing focus has been put on using renewable biomass feedstock as a basis for sustainable and large-scale production of bio-based acrylic acid.

Petrochemical based polymers, coatings, and paints are crucial to modern day society but increasing focus on sustainability have increased demand for greener processes and renewable feedstock materials. In recent years, significant research and development activities have been carried out for manufacturing acrylic acid from natural renewable sources such as lactic acid, glucose or molasses made from biomass, and glycerol. Advances towards bio-based acrylic acid originating from 3-hydroxypropionic acid, glycerol, lactic acid, and acrylonitrile highlight the importance of novel sustainable building blocks. Recently a breakthrough research study was published in the journal Angewandte Chemie International Edition that reported a sustainable functionalization of acrylic acid towards various acrylate derivatives through a one-pot catalytic transformation using biobased alcohols. The research was carried out to develop a green synthetic route to acrylic acid from biomass using furfural through sequential photochemical and catalytic oxidations with air and ethenolysis as major steps with hydroxybutenolide and maleic anhydride as key intermediates.

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In May 2020, Cargill, Inc. announced it would be using developed by Procter & Gamble to revive its long-term efforts to produce bioacryclic acid using corn dextrose as feedstock. Procter & Gamble scientists have developed a production route based on lactic acid that Cargill already produces from corn at its manufacturing facility in Nebraska, United States, majorly as a raw material for the polymer polylactic acid. Procter & Gamble converts lactic acid to acrylic acid using a dehydration catalysts that is made of metal-containing phosphate salts. Cargill has an exclusive license to utilize the technology for the production of bio-based acrylic acid. One of the major consumer of bio-based acrylic acid is the superabsorbent polymers used in the manufacturing of diapers. Consumer demand for sustainable diapers compelled Procter & Gamble to develop biobased chemistry and search for a large-scale manufacturer.

Another Massachusetts-based technology company, KSE Inc., is engaged in developing a technology that can convert crude glycerol – which is produced as the primary byproduct of biodiesel manufacture – into acrylic acid. In 2019, LG Chem and ADM announced a joint development agreement (JDA) to secure mass production technology to develop biobased acryclic acid that can be used in the manufacturing of superabsorbent polymers that are used in diapers and other hygiene products.

In a recent research study, published in 2021, researchers found lignocellulosic biomass as a promising feedstock for the sustainable manufacturing of biofuels and bioproducts, particularly 3-hydroxypropionic acid as a platform chemical to produce important chemicals such as acrylic acid. The study leveraged BioSTEAM platform to design, simulate, and evaluate biorefineries producing acrylic acid by fermentation of sugars to 3-hydroxypropionic acid.

Key companies in the bio acrylic acid market include ASF SE, China Petroleum & Chemical Corporation (SINOPEC), Arkema S.A., Mitsubishi Chemical Holdings Corporation, The Dow Chemical Company, The Lubrizol Corporation, Evonik Industries AG, PTTGC Innovation America Corporation, Formosa Plastics Corporation, and SIBUR International GmbH. In February 2022, BioMADE, which is the Bioindustrial Manufacturing and Design Ecosystem, announced USD 12.1 million for 16 projects to accelerate bioindustrial manufacturing in the United States including developing chemicals such as bio acrylic acid and succinic acid.   

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Sound Bar Market - Increasing Demand for High-Quality, Fully Immersive Audio Experience in Indoor Environments Will Help Drive Industry Growth

 

A sound bar, also known as media bar, is a slender, oblong-shaped loudspeaker with multiple speakers fitted inside. The device can be mounted on the wall area above or below a TV or home theater. The speakers placed inside the sound bar create a brilliant surround-sound effect, enhancing the overall audio experience for the user. Compared to other stereo sound systems, sound bars are smaller in size, easier to set up, and less expensive. Sound bars are designed to produce loud, high-quality sound with high bass response, and their usage around the world has increased with the introduction of flat-screen television displays, which have little room for speakers.

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Modern sound bars are equipped with many advanced features such as external subwoofer, voice control, Dolby Atmos technology, built-in Bluetooth, multi-room features, and HDMI 4K passthrough. The subwoofers handle the low-frequency sounds unlike other speakers and offer the ultimate audio experience, while the Bluetooth feature enables the user to connect their phone or tablet to the sound bar and listen to music from anywhere in the house. Sound bars today are compatible with voice assistants like Amazon Alexa and Google Assistant and allow users to set reminders, plan schedules, or hear the latest news. The latest sound bars can be connected to wireless multi-room speakers, which can be controlled from just one app. Samsung Q70T 3.1.2 Wireless Sound Bar, Sony HT-S350 2.1 Wireless Sound Bar, and LG SN7Y 3.1.2 Wireless Sound Bar are some of the latest products with features like Dolby Atmos tech, virtual surround sound, high-resolution audio compatibility, built-in Bluetooth, and built-in voice assistants.

Revenue growth of the global sound bar market can be attributed to factors such as increasing penetration of mobile devices such as smartphones and tablets, growing demand for smart TVs and home audio systems, increasing number of OTT (over-the-top) subscriptions, and greater accessibility and affordability of on-demand media streaming platforms like Amazon Prime, Netflix, and Hotstar/Disney+ worldwide. Other factors supporting market revenue growth are increasing demand for high-quality, fully immersive audio experience in indoor environments, introduction of next-generation features in modern soundbars, rising trend of on-demand music streaming, growing availability of various music streaming platforms such as Spotify, Apple Music, and Amazon Music, and rise in disposable incomes of consumers, mainly in developing countries like India and China.

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