Investors are thinking about their mothers
In this CNBC article, you'll learn about:
- White space in women's health
" “Women are a huge portion of the population and control a lot of (health care) spend,” said Clairity CEO Carrie Ivers, adding she was excited to sign on with a company devoted to women’s health. “It’s an underserved area that has a lot of room for expansion.” "
- How much funding is coming into women's health tech
" Early-stage investors have been among the biggest backers of health tech companies focused on women’s health conditions. Venture capital funding for so-called Femtech has tripled since 2015 from just over $600 million to nearly $1.9 billion last year, according to Pitchbook data.
Yet, analysts say overall investment in women’s health remains underfunded. Beyond breast cancer, female health conditions garnered just 1% of pharmaceutical research funding in 2020, according to a McKinsey report. Just 2% of medical tech funding was devoted to non-cancer related women’s conditions. "
- Why addressing women's health is good for everyone
" Women of child-bearing age incur health expenses that are more than 80% higher than their male counterparts, according to the U.S. Department of Labor. Employers have a vested interest in reducing the health gap for their female employees, because they foot much of the bill. "