Definition of femtech according to Pitchbook: The femtech industry refers to a range of health software and tech-enabled products that cater to female biological needs.
Definition of health tech according to PitchBook: Companies that provide mobility and other information technologies to improve health care delivery while decreasing costs. It entails the use of technology and services–including cloud computing, Internet services, and social mobility–to optimize patient-centric health care.
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Investments in health care services that were focused on women’s health, and investments in pharma and biotechnology that were focused on women’s health, also increased in 2023 (albeit with fewer deal counts than in health tech). However, investments in women’s health companies in medtech and health care technology systems declined.
Hannah Ward-Glenton, “A subsection of tech is set to be worth $1 trillion. But taboos are holding it back,” CNBC, June 12, 2023.
Ibid.
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Ibid.
