Here’s how medicine has dealt with the female body for centuries and treated it: if you are nervous, the diagnosis is hysteria; if you are tired – hysteria; if your libido is too low or too high, you guessed it – hysteria. The term comes from the Greek word hýstera (uterus), and for 4000 years, the fantasy of the ‘wandering’ uterus has persisted, supposedly causing everything from fainting and melancholy to all other ailments that could befall a female being. And when the body is not understood, anything can become a diagnosis.
From this misunderstanding arose interesting therapeutic ‘solutions’ that today sound as if they fell out of some dark comedy. Thus, quick marriage and pregnancy were recommended for hysteria, followed by manual pelvic massages which, of course, were performed by professional doctors who, poor souls, had to sacrifice themselves for women to reach ‘hysterical paroxysm’, which is, by the way, a euphemism for orgasm.
And when massages became tedious for doctors, the invention of George Taylor arrived, which many women around the world celebrate today, often without knowing it. Our George patented one of the first medical vibrators in 1869, and it had a powerful name – The Manipulator. Interestingly, it was actually a steam engine.
Bad and Worst Diagnoses
By the 1920s, the vibrator was a legitimate tool in offices until society associated it with sexuality and expelled it from respectable medicine. Because women are not there to enjoy, and George is not a machine for entertainment and idleness, thought the vintage doctors. All this is not some gossip from medical circles, but a mirror of systemic bias. Female sexuality and emotions have been pathologized for centuries because medicine was calibrated to the male body.
And so it was, believe it or not, until the 1990s, by which time most medical research was conducted on men. The practice only changed in 1993 when the NIH Revitalization Act required the inclusion of women in clinical trials funded by the National Institutes of Health. Women were excluded due to the ‘complexity’ of hormonal cycles and the risk of pregnancy. The consequences of that standard are still felt today – entire generations of drugs, clinical guidelines, and even definitions of symptoms have been shaped based on male physiology.
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A Danish study conducted by researchers at the University of Copenhagen, which lasted from 1994 to 2015 and included 6.9 million people, showed that women were diagnosed with more than 700 diseases later than men – the average difference was about four years. The diagnosis of cancer in women was delayed by two and a half years, and diabetes by as much as four and a half. The result is doubly bad, research says: although women live longer on average, they spend 25 percent more of their lives in poor health, and due to delayed diagnoses and underrepresentation in clinical evidence, it is estimated that tens of millions of lives are lost each year.
According to a report by the McKinsey Health Institute (‘Closing the women’s health gap: A $1 trillion opportunity to improve lives and economies’), the gender gap in healthcare results in 75 million lost years of life annually due to poor health or premature death. Meanwhile, research into women’s ailments continues to receive only a symbolic five percent of investment. In such an environment, femtech, a broad range of products, services, and software dedicated to women’s health, is not trying to capture a niche but to fill a structural gap in the system.
Investment Carousel
Femtech experienced a global peak in investment in 2021, and then, as soon as generative AI became the new star, a sudden drop occurred as investments abruptly turned towards artificial intelligence. That year, investments rose to about $1.9 billion, fell to approximately $1.1 billion in 2022, and capital has since been racing towards generative AI. In Europe, the decline is even more pronounced.
In 2023, femtech attracted only $176 million in investment out of a total of $8.8 billion invested in healthtech, meaning that only about two percent of the healthtech pie went to it; meanwhile, American femtech startups have raised a cumulative approximately $4.8 billion from 2019 to today. Despite this, the market opportunity does not disappear, and estimates suggest that the European femtech market could reach a value of $35 billion by 2032.
Global projections, depending on methodology and scope, are approximately $103 billion (2030 – 2032). Moreover, in Europe, a recovery has already been recorded in 2024, with a record $362 million in 47 funding rounds.
Correction of Injustice
If medicine has viewed the body through a male matrix for decades, today, with the arrival and integration of AI into everything, including femtech, the question arises whether artificial intelligence will distinguish or replicate the biases of ‘vintage doctors’ if it is trained and fed on old and biased medical databases. And this is not a mere hypothesis.
The European Parliament, in its study on AI in healthcare, explicitly warns of the risk of bias and deepening health inequalities, along with a lack of transparency and cyber vulnerabilities. UN Women and UNESCO further emphasize that algorithms trained on unequal data reflect gender stereotypes, from employment to diagnostics, and warn that without corrections, injustices can only increase, not decrease.
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However, the good news is that AI can also correct these injustices, but only with smart design. Experts cite evidence-by-design as the first thing that could correct injustice. This means that at the very beginning of research, samples that truly represent the population by gender, age, and origin are planned, and standardized biomarkers important for women are used. Secondly, separate data and traceability should be sought, and thirdly, AI should be validated on real cohorts and in real conditions, not just based on old databases.
