Women's Healthcare Comes Out Of The Shadows: Femtech Shows The Way To Billion-Dollar Opportunities

There are several established healthcare companies and startups in the Femtech space, which use disruptive technology including artificial intelligence, machine learning, big data, and the Internet of Things to develop interactive digital health applications for women's health. The majority of spending on other diseases has a male-specific research focus and this is separate from the research spending on male-specific conditions such as prostate cancer, which accounts for 2% of overall funding. Yet women today make up 49.6% of the total population and the economic burden for women's diseases is currently more than $500 billion. Additionally, with healthcare increasingly becoming personalized and patient-centric, now is the time to address the fundamental question of whether care delivery and management should be gender neutral. For several decades, healthcare products and solutions were designed, developed, and delivered without much attention to the fact that healthcare needs are different for men and women, considering their physiological differences.