WoW HealthTech and FemTech events programme
Health technology is defined as the “application of organised knowledge and skills in the form of devices, medicines, vaccines, procedures and systems developed to solve a health problem and improve quality of lives”. This includes pharmaceuticals, devices, procedures, and organisational systems used in the healthcare industry as well as computer-supported information systems.
FemTech (or Female technology) is a term applied to a category of software, diagnostics, products, and services that use technology often to focus on women's health. This sector includes fertility solutions, period-tracking apps, pregnancy and nursing care, women's sexual wellness, and reproductive system health care.
There are many reasons why HealthTech and FemTech are one of the key areas of focus for us at WoW. Digital health market is expected to reach $536 billion by 2025. In March 2018, Frost and Sullivan predicted a FemTech market potential of $50 billion by 2025. Women's health accounts for only 4% of the overall funding for research and development for healthcare products and services. Period pain affects 9 out of 10 women in the UK. On average, it takes 7.5 years to get a formal diagnosis of endometriosis - a condition that can cause crippling period pains. 58% of the women affected by symptoms of the menopause said that this sometimes caused them problems at work. 1 in 5 women experience a common mental health problem (such as anxiety and depression) compared to 1 in 8 men. List just goes on and on and on.
It’s important to talk about period. Fertility. Menopause. Postpartum depression. It’s important to talk about women’s health. And it’s important to talk about FemTech by educating women (and men), supporting them and helping them know their bodies and health.
As part of our HealthTech and FemTech events series, we are running panels, fireside chats, mentoring sessions and workshops, with the aim of connecting a global and local ecosystem through our platform, helping founders start and grow their businesses, educating about health and women’s health, as well as enabling easier access to funding.