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FemTech: The underestimated healthcare revolution for women
Reading time 11 mins
Key Points
- Despite representing half the global population, women’s health remains underrepresented and underfunded, with FemTech startups receiving less than 2% of total VC investment.
- The global FemTech market is projected to grow from USD 40.2 billion in 2020 to 97.25 billion by 2030, proving women’s health tech is far from niche.
- Systemic gender bias in healthcare and exclusion from clinical research have created vast data gaps that limit innovation for women’s health.
- Digital FemTech products are gaining traction because they integrate seamlessly into women’s routines, offering frictionless, data-driven, and discreet solutions.
- High-growth segments include smart menstrual products, fertility tracking wearables, pregnancy monitoring, and menopause management solutions.
Rising FemTech unicorns like Maven Clinic, Kindbody, Flo Health, and LetsGetChecked demonstrate the sector’s maturity and global commercial potential. - Barriers such as gender disparity in tech leadership, limited funding for female founders, data privacy issues, and algorithmic bias continue to hinder progress.
- Investing in women’s health innovation benefits everyone: Women account for 80% of healthcare purchases and influence 85% of consumer spending.
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Ben Mazur
Managing Director
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Approximately half of the global population is women, yet FemTech (technologies dedicated to women’s health innovation) is often seen as a niche or oversaturated market with limited growth opportunities. Moreover, taboos and misconceptions in male-dominated investment circles and healthcare spaces limit femtech’s market growth. For comparison, Hustle Fund (a venture capital firm) found that SaaS companies generally secure about 30% of all VC funding, fintech startups around 18%, and women’s health startups? Less than 2%.
And yet, the global FemTech market size grew from USD 40.2 billion in 2020 to USD 75.1 billion in 2025, and is forecasted to reach 97.25 billion by 2030. The data makes it clear that women’s health technology isn’t niche – it’s an untapped market hiding in plain sight. Women account for 80% of healthcare purchases and influence 85% of consumer spending across the board.
Innovators who can solve real, everyday health challenges for women will shape the future of healthcare for everyone. If you’re ready to innovate a femtech product and need help with technical execution and a clear path to market, book a free discovery call with an expert on our team.
Why are digital health solutions for women underrepresented?
For decades, healthcare has been built around the average male body as the standard, resulting in a significant deficit of data regarding women’s health. This gender bias in healthcare has led to:
- Women’s exclusion from medical studies: Until just 20 years ago, women were not included in clinical trials; therefore, there was no understanding that men and women experience diseases differently. Medication was given to women based on dosages approved for men, many of which led to adverse reactions, and some even to death.
- Misdiagnosis of chronic illnesses. For example, endometriosis (a chronic and painful uterine condition) affects 1 in 10 women, yet takes an average of 7.5 years to diagnose because women’s pain is often dismissed or downplayed.
- A lack of medical data and clinical trials that focus on women’s specific health needs, particularly concerning reproductive health, menopause, or hormonal disorders.
- A systemic bias that limits innovation, stifles investment, and slows progress for femtech market growth.
Despite growing public interest and the rise of 8 femtech unicorns in 2024, this sector still struggles to convince investors. This is mainly due to investor bias and discomfort surrounding topics like menstruation or menopause, a lack of female representation in investment spaces, and industry-specific challenges (e.g., systemic gender biases).
While high-value areas such as fertility and pregnancy attract substantial investment and media attention, the hype it generates distracts from equally urgent but under-addressed segments of women’s health. This includes serious issues such as chronic pain, autoimmune disorders, perimenopause and menopause.
Why will women’s health tech be one of the fastest-growing sectors by 2032?
Most digital technologies require users to change existing behaviours (e.g., food substitutes) or adopt new ones (e.g., increase physical activity). By contrast, FemTech devices integrate seamlessly into women’s daily lives and slot into existing routines without necessarily requiring a behaviour change – hence the market’s faster growth and adoption rate. The European femtech sector is expected to grow to USD 35 billion by 2032, with the UK taking the lead at 31.8% and France at 18.3%. Product sectors driving femtech market growth include:
- Menstrual products that monitor health indicators in real time include smart menstrual cups and pads with integrated biosensors, wearable pain relief devices, and tracking apps.
- Fertility tracking wearables made easy.
- Pregnancy monitoring and tracking devices.
- Personalised, proactive, and innovative menopause management
Women are more likely to adopt technologies that blend into existing routines rather than require significant lifestyle changes. Femtech is gaining traction precisely because it’s frictionless, data-driven, and discreet. This design philosophy — technology that listens instead of demands — is fundamental to human-centred design and redefines what success looks like in digital women’s health.
The Femtech Unicorns advancing digital healthcare services for women.
The success of femtech unicorns (startups with over $1 billion valuation) sends a powerful message: Women’s health is a lucrative but underserved market with global relevance and commercial appeal. The attention this generates not only address the unique health needs of women, but also attracts more capital and drives further innovation – ultimately resulting in better healthcare solutions for women and a reduction in the gender health gap. Top femtech unicorns include:
- Maven Clinic: The world’s largest virtual clinic for women’s and family health with over 30 specialities and 350 sub-specialities. Key elements of its USP include the breadth of their services (everything from fertility and post-partum depression to menopause), the convenience of a virtual/telehealth model, and the ability to offer personalised financial benefits and care plans.
- Kindbody provides a holistic, accessible, and integrated approach to women’s health – particularly fertility care such as IVF and egg freezing. Their integrated approach includes mental wellness and nutrition and they place a strong focus on affordability through direct employer partnerships and in-network insurance options.
- Flo Health started as a period and ovulation tracker but expanded to become a full-spectrum women’s health app. Its USP includes a vast data set for advanced, personalised insights, a strong emphasis on medical content, and a commitment to privacy.
- LetsGetChecked offers an integrated, at-home women’s health testing platform that combines at-home collection with various health and family planning tests, virtual consultations, and discreet medication delivery through its proprietary platform.
While reproductive and menstrual health are femtech’s most established segment, maternal and postnatal care (e.g., smart breast pumps, digital doula apps, and remote pregnancy monitoring) are gaining traction and transforming maternal health experiences – especially for women with limited access to in-person care.
In addition, menopause is finally being recognised as a significant part of women’s health and is no longer being neglected by mainstream healthcare. Menopause tech startups focusing on personalised hormone tracking, thermal comfort wearables, and symptom management through AI and data analytics are on the rise.
FemTech is also helping to de-stigmatise sexual wellness, with connected devices, therapy apps, and community-led digital solutions that empower women to talk openly about sexual and pelvic health.
These advances in digital health technologies for women not only facilitate partnerships with healthcare providers to help integrate solutions into existing systems, but also create opportunities for more tailored, evidence-based, and patient-centred treatments and services.
Barriers to inclusive healthcare innovation for women
Despite demonstrable success, growing consumer demand, and optimistic forecasts for market growth, many barriers to innovation for women’s health technologies remain.
- Growing gender disparity in the tech sector: Globally, women hold just 32% of senior management positions in the tech sector, leading to underrepresentation in decision-making positions which influences the development and prioritisation of product development.
- Gender disparity in funding: Even in a woman-focused sector, female-founded startups receive disproportionately less investment compared to male-founded companies. An often cited example is Flo Health (profiled above): The period tracking app that became Europe’s first femtech unicorn after raising a record $200 million, sparked controversy when it revealed two men founded it.
- Privacy concerns: Femtech apps collect sensitive and private information about fertility, sexual activity, pregnancy, and menstrual cycles. These details, if disclosed, could lead to misuse, discrimination, or even persecution (in cases of abortion, for example). Flo Health once again faced controversy for allegedly sharing sensitive user data with Google and Meta. A class action lawsuit resulted in Flo paying a $56 million settlement.
- Gendered data gaps: Medical research that disproportionately focused on male subjects resulted in a significant lack of data regarding women’s health. Without robust datasets, innovators struggle to develop evidence-backed products or demonstrate clinical efficacy.
- Big Tech’s systemic issues with women’s healthcare products: A report in 2025 analysing 159 women’s health nonprofits, content creators, and startups serving users in 180+ countries found widespread ‘shadow bans’ across all dominant platforms: 84% had content removed from Meta, 64% from Amazon, and 66% from Google for purported policy violations, even when they contained only anatomical language or clinical facts. Meanwhile, content for male-focused products (like erectile dysfunction medication) was allowed to proliferate on the same platforms.
- Economic and cultural barriers: FemTech must broaden its focus beyond Western markets and middle-class consumers. Few products are designed for non-English speakers, and lower-income women often lack the finances or reliable internet access to benefit from connected healthcare products (e.g., at-home fetal monitoring devices).
Final thoughts: Women’s health innovation benefits everyone
FemTech isn’t just about women. By addressing women’s specific needs, innovators uncover insights that improve diagnostic accuracy, chronic disease management, and the quality of life for people of all genders.
The FemTech revolution is not just overdue — it’s inevitable. Those who invest in it early will help shape a healthcare future that’s equitable, data-driven, and truly inclusive. At Ignitec, we have a proven track record of developing tech solutions that are accessible and inclusive. Schedule a free consultation with an expert on our team to discuss how we can help bring your femtech innovation to market.
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FAQ’s
Why is FemTech important for the future of healthcare?
FemTech addresses the long-standing gender gap in medical research and healthcare innovation by focusing on women’s unique biological and health needs. It helps close disparities in diagnosis, treatment, and data representation for decades. By advancing women’s health, FemTech improves healthcare outcomes for all genders through more inclusive, data-driven solutions.
How did the FemTech industry start?
The term “FemTech” was coined in 2016 by Ida Tin, the founder of the Clue period tracking app. It emerged from the growing recognition that women’s health needs were underrepresented in the tech and medical industries. Since then, the sector has rapidly expanded from reproductive health apps to a wide range of digital, wearable, and data-driven solutions.
What does FemTech include?
FemTech encompasses technologies designed to improve women’s health, including menstrual tracking, fertility, pregnancy care, menopause, and sexual wellness. It also includes diagnostic tools, telehealth platforms, and wearable devices tailored to women’s biological needs. Essentially, it’s any innovation that leverages technology to better understand, monitor, or treat women’s health issues.
How big is the FemTech market?
The global FemTech market was valued at around USD 40.2 billion in 2020 and is forecasted to reach nearly USD 97.25 billion by 2030. This growth reflects a rising demand for digital, data-driven, and inclusive healthcare products. The sector is positioned for continued expansion with women influencing 85% of healthcare spending.
Why is FemTech underfunded?
FemTech remains underfunded due to gender bias in investment spaces and discomfort around topics such as menstruation and menopause. Women’s health startups receive less than 2% of global venture capital funding. As more data demonstrates the profitability and social impact of FemTech, investor attitudes are gradually shifting.
Who are the leading FemTech companies?
Leading FemTech companies include Maven Clinic, Kindbody, Flo Health, and LetsGetChecked. These firms provide digital health platforms covering fertility, virtual care, hormone tracking, and at-home testing. Their success has helped position FemTech as a commercially viable and socially essential sector.
Which countries are leading the FemTech market?
The United States currently leads the FemTech market, followed by strong growth in the United Kingdom and France. Europe’s FemTech market alone is expected to reach USD 35 billion by 2032. These regions are fostering innovation through supportive investment ecosystems and growing public awareness of women’s health needs.
What challenges does the FemTech industry face?
The sector faces several challenges including funding inequality, gender bias in research, and privacy concerns over sensitive health data. Regulatory barriers and cultural taboos around women’s health also slow adoption. Additionally, many innovations struggle to reach non-Western and low-income populations due to cost and accessibility issues.
How is AI used in FemTech?
AI helps FemTech companies analyse large datasets to predict fertility windows, track hormonal patterns, and detect health issues early. It powers personalised insights in apps and wearables, improving accuracy and user experience. This predictive capability marks a shift from reactive to proactive healthcare for women.
What is the role of IoT in FemTech?
The Internet of Things (IoT) enables connected devices such as smart menstrual cups, fertility trackers, and remote pregnancy monitors. These tools collect and share data in real time to give users deeper insights into their health. IoT integration drives more personalised, preventive, and accessible women’s healthcare.
Why is women's health data limited?
For decades, clinical research focused primarily on male participants, excluding women from most studies until the 1990s. This created a significant gap in data on female biology, hormones, and disease patterns. FemTech aims to fill these gaps through large-scale data collection and gender-specific research.
Which FemTech sectors are growing fastest?
Reproductive and menstrual health remain the most significant segments, but menopause and maternal care are emerging rapidly. Advances in sexual wellness and hormonal health are also driving innovation and investment. As awareness grows, these sectors are attracting more funding and commercial partnerships.
What makes FemTech products different from other health tech?
FemTech products are designed with women’s unique biological, hormonal, and social factors in mind. They often address issues previously neglected by mainstream healthcare, such as menstrual pain or menopause. Their success is combining empathy, inclusivity, and technology to create human-centred solutions.
How does FemTech improve inclusivity in healthcare?
FemTech challenges a healthcare model traditionally centred around men’s experiences by focusing on women’s specific needs. It promotes equitable research, design, and data representation across all genders. Inclusive FemTech also considers accessibility for diverse users, including non-Western and lower-income women.
When will FemTech become mainstream?
FemTech is already gaining mainstream recognition, with growing investment and media coverage. As more startups achieve unicorn status and integrate with traditional healthcare systems, adoption will accelerate. By 2030, many FemTech solutions are expected to be standard components of everyday healthcare.
Why do privacy concerns exist in FemTech?
Many FemTech apps collect intimate data about fertility, sexual activity, and menstrual cycles, raising concerns about misuse. Cases like the Flo Health data controversy have highlighted the risks of sharing personal health data with third parties. Transparent policies and privacy-first design are becoming essential for user trust.
Who invests in FemTech?
FemTech investors range from venture capital firms like Hustle Fund to specialised funds focused on women-led startups. Increasingly, corporate health and pharmaceutical investors are also entering the space. However, most investments still come from male-dominated circles, influencing which innovations receive funding.
How does FemTech support menopause management?
FemTech innovations for menopause include wearables that monitor temperature changes, apps for symptom tracking, and hormone-balancing therapies. These tools offer proactive, personalised support for women navigating hormonal transitions. They also help reduce stigma and increase awareness around menopause care.
What role does design play in FemTech adoption?
Design is crucial because women prefer technologies that integrate effortlessly into their daily routines. Products that are intuitive, discreet, and empathetic see higher adoption and retention rates. Human-centred design ensures that technology listens to users instead of demanding behavioural change.
Which trends will shape FemTech's future?
AI-driven personalisation, IoT-enabled wearables, and privacy-focused design will define the next decade of FemTech innovation. Expanding access to non-Western markets and addressing cultural sensitivities will also be key growth areas. Together, these trends will make women’s healthcare more connected, inclusive, and data-driven.

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