The Overdue Awakening

The Overdue Awakening
Article by
Ryan Roddy
Article Date
October 31, 2023
Category
Industry Insights

Health and wellness is abuzz with a much-needed focus on women’s health. For far too long, issues that have plagued women - ranging from menstruation complications to postpartum struggles - have remained largely unaddressed. The sheer ubiquity of these concerns and the lack of effective solutions is a glaring testament to the historical neglect of women’s health issues. One cannot help but ponder - had these challenges affected men, would they have been resolved much earlier?

The Long-Standing Neglect of Women's Health

Historically, men have predominantly been at the helm of the entrepreneurial ecosystem. This position has allowed them to shape the narrative, driving innovation toward problems they personally encountered or deemed significant. However, times are changing, and the winds of innovation are now steering towards areas previously overlooked.

A Fresh Wind: The Upsurge in Women’s Health Solutions

Today, there is a surge in groundbreaking solutions dedicated to women’s health. The momentum is so profound that one could argue the viability of a venture capital fund exclusively dedicated to this sector. In fact, two venture capital funds, FemHealth Ventures and Coyote Ventures, are leading the way. But why now? What has sparked this sudden and intense interest in women’s health?

  1. Increased Representation: The rise of female entrepreneurs and investors in the startup ecosystem has played a pivotal role. There's a natural inclination to address issues that they or their peers have personally experienced.
  2. Awareness and Advocacy: The modern era is characterized by its vocal advocacy for equality and rights. Social media campaigns, global movements, and influential figures have drawn attention to women's health issues, making it harder for the world to turn a blind eye.
  3. Technological Advancements: The digital age has equipped us with tools and platforms that have democratized information and catalyzed innovation. Whether it's wearables that monitor menstrual cycles or AI-driven platforms that offer postpartum support, technology is at the forefront of these solutions.
  4. Market Potential: From a purely economic standpoint, addressing women’s health is not just noble, but also lucrative. With women constituting roughly half of the global population, solutions catering to their specific needs represent a vast and untapped market.

Tackling Women's Health Challenges

The notion of a one-size-fits-all in healthcare is gradually being debunked as awareness burgeons around gender-specific health issues. The advent of healthtech startups tailored to address women's health challenges is a testament to this shift. Here are two examples:

Samphire Neuroscience introduced a wearable headband device employing non-invasive electrical neuromodulation to alleviate symptoms associated with menstrual cycles, such as pain, low mood, and anxiety (that has been backed by over 8,000 peer-reviewed papers).

Meanwhile, Gabbi has crafted an AI-driven digital platform to help women ascertain their breast cancer risks and take prompt action.

Conclusion

While women's health has historically been sidelined, the current wave of innovation offers hope. The surge in solutions dedicated to women's health is not just a trend but a testament to equitable healthcare progress. The infusion of venture capital dollars is not only an endorsement of the space’s potential but a catalyst for launching solutions that promise a brighter future for women globally.