Experts say femtech funding booming despite wider investment downturn


The femtech sector goes from energy to energy, regardless of the weaker funding panorama all through the healthcare trade, specialists say.

Panellists have been discussing the way forward for femtech on the ongoing GIANT Well being convention being held in London, UK, between 4 and 5 December.

“The ladies’s well being and femtech startup ecosystem has grown massively,” mentioned Karina Vazirova, co-founder and CEO of Femtech Lab, a femtech-focused accelerator.

“Although funding in healthcare normally has gone down, funding in girls’s well being has elevated by virtually 350% prior to now three years.”

It has been a tough previous few years for life science investment. An funding report by Rock Well being confirmed funding in healthcare had declined to $15.3bn in 2022, a major downturn in comparison with 2021’s $29.3bn.

Vazirova mentioned that proof of the capital and gasoline behind the innovation pipeline in girls’s well being is the presence of broader femtech merchandise.

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“Historically, for resolution areas, menstrual and reproductive well being have all the time been tending since day one. Now, we’re beginning to see a spike in menopause and perimenopause merchandise. We’re beginning to see the totally different classes of ladies’s well being to up-trend,” Vazirova added.

“Extra corporations are recognising that hormones considerably have an effect on our well-being and high quality of life – that is additionally linked to how we expertise signs from different circumstances and illnesses.”

Hurdles should be overcome for girls’s well being’s future

Regardless of the optimistic outlook of femtech funding, panellists have been additionally eager to spotlight points that also should be tackled to convey girls’s well being to the forefront of healthcare programs.

Katherine Church, SmartCo Consulting’s girls’s well being lead, pointed to the necessity for scalability and that with out public sector help, the most recent improvements could possibly be out of attain for the overwhelming majority.

“We have to convey employers, insurers, the NHS, and the state collectively as an ecosystem,” Church mentioned.

Lesley Soden, director at healthcare consultancy firm Succoris, highlighted the significance of information. She detailed her expertise of how by analysing well being providers, care pathways may be amended to fulfill demand. Soden even alluded to how wearables is usually a good place to start out, outlining how there’s untapped potential in girls’s well being information gathering.

“We have already got information from wearables that we’re not taking a look at. From a affected person’s viewpoint, the usage of that information that’s being collected, if safely secured, is gigantic.”

The sentiment is shared by others within the trade. On the latest 2023 pro-manchester Well being Tech Convention in Manchester, UK, specialists mentioned that the shortage of information on girls’s well being circumstances is causing startups to lose out on VC funding.

Away from the tech itself, Kelly Klifa, CEO and co-founder of digital care platform Ally Well being, identified how sure methods in healthcare programs can typically sideline essential points.

Klifa mentioned: “Lately, we’ve seen a give attention to continual circumstances – corresponding to diabetes – taking the entrance spot. It is a good factor, however this was on the expense of ladies’s well being. Until you get front-line practitioners to understand [women’s health] information, it gained’t take up a related area.”

The chair of the panel, Isansys Lifecare’s chief medical officer Dr Heather Duncan, concurred, mentioning information that, though seemingly unrelated, might initially present insights into a variety of well being implications.

Lina Chan, director of ladies’s well being at Holland & Barrett, took the dialog to retailers on the excessive road.

“The truth is that the training hole continues to be there, the stigma continues to be large. Till you’re having these conversations on the excessive road and utterly normalising them, you’re going to have a barrier to entry,” Chan mentioned.

On prime of those small nuggets of dialog, we have to guarantee we make them as inclusive as potential.”



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