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The Silicon Review Asia

FemTechs are now providing tailor-made healthcare solutions to women

FemTechs are now providing tailor-made healthcare solutions to women

Globally,  healthcare is becoming more individual-centric and personalized

Some estimates suggest that, only 4% of the overall funding allotted for research and development of healthcare is dedicated to women's health. The FemTech sector is changing this narrative. For years, the healthcare industry has ignored that woman’s bodies and hormones are different from men's. For long, the fact that 50% of the population is comprised of women has been ignored. Globally, healthcare is becoming more individual-centric and personalized. FemTechs are companies that solely cater to the needs of women. The global FemTech market has reached $707.6 million in 2021 and is expected to hit $1.15 billion by 2025. This is driven mainly by the demand for specialized fertility, menopause, and geriatric care. The pandemic has also revealed the gaping holes in women's health and highlighted the need for an equitable healthcare system.

FemTech players encourage women, especially millennial women, to take charge of their health. Digitization has also aided this progress. Government initiative in terms of investments will foster the growth of tech based healthcare ecosystem. The National Digital Health Mission is a step in this direction. Collaboration between FemTech companies and health tech companies to leverage big data analytics will help reach other stakeholders. Lastly, creating awareness about the FemTech sector will help it reach its full potential.

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