Femtech, an innovative sector focused on women’s health, is showing immense potential to transform health care.
Femtech, an innovative sector focused on women’s health, is showing immense potential to transform health care. This groundbreaking field of technology-based products and services that specifically caters to women’s health and wellness, is driving innovation in a market long underserved, underfunded, and out of reach for many. It’s not a niche market either; it’s a market with nearly 4 billion women worldwide. Currently, there are 1,800 companies categorized under femtech and targeting health and wellness for women and girls. The femtech sector is forecast to represent a $1.186 trillion market by 2027, illustrating its vast potential.
THE PROBLEM: SYSTEMIC ISSUES IN WOMEN’S HEALTH DATE BACK DECADES
Despite its reach and its potential, the women’s health market remains largely underserved due to several systemic barriers. The hurdles women face in accessing health care are multifaceted, whether it’s due to financial constraints, lack of insurance, or societal stigma. These obstacles become more pronounced for women of color, who face exacerbated disparities in access to and quality of health care.
THE DISRUPTERS: WOMEN LEADERS, RESEARCHERS, AND ENTREPRENEURS
Driven by a growing cohort of female leaders, researchers, and entrepreneurs, the landscape is changing. The surge in female scientists and doctors is leading to more research focused on women’s health, spanning topics such as the vaginal biome, autoimmune diseases, fertility, menstruation, breast milk, pelvic health, and more.
Follow the link to read the article in full by our co-founder Kerstin, as featured in Fast Company https://www.fastcompany.com/90932761/femtechs-untapped-potential-is-a-trillion-dollar-wakeup-call-to-investors