Healthcare
3 FemTech startups innovating for women’s health
The FemTech market, estimated at over $50 billion, is a breeding ground for innovation. Zoom in on 3 start-ups that will significantly improve women's health.
As of February 2025, women represent 49.6% of the world’s population and this is expected to balance out by 2050.1World Bank Open Data. (s. d.). World Bank Open Data. https://data.worldbank.org/indicator/SP.POP.TOTL.FE.ZS2Blazina, C. (2025, 24 avril). Global population skews male, but UN projects parity between sexes by 2050. Pew Research Center. https://www.pewresearch.org/short-reads/2022/08/31/global-population-skews-male-but-un-projects-parity-between-sexes-by-2050/#:~:text=Globally%2C%20the%20number%20of%20males,females%20in%20the%20global%20population. This might suggest that drug development is equally tailored for women as it is for men, with drug safety and efficacy being tested in women just as rigorously as in men. However, this is not the case. Women are still persistently underrepresented in clinical trials and enroll at lower rates across various disease areas, such as cancer and cardiovascular diseases.3Goldstein, K. M., Kung, L. C. Y., Dailey, S. A., Kroll-Desrosiers, A., Burke, C., Shepherd-Banigan, M., Lumsden, R., Sims, C., Schexnayder, J., Patel, D., Cantrell, S., Sheahan, K. L., & Gierisch, J. M. (2024). Strategies for enhancing the representation of women in clinical trials : an evidence map. Systematic Reviews, 13(1). https://doi.org/10.1186/s13643-023-02408-w
In this article, Alcimed sheds light on the causes and consequences of the unequal representation of women in clinical trials and outlines what can be done to improve the situation in the future.
Despite growing awareness of the need for equal representation of women in clinical trials, gender imbalances continue to exist.
A study from 2018 analyzing multinational FDA-approved clinical trials found that women represented only 29%–34% of participants in Phase I, 41%–51% in Phase II, and 38%–49% in Phase III.1Chen A, Wright H, Itana H, Elahi M, Igun A, Soon G, Pariser AR, Fadiran EO. Representation of Women and Minorities in Clinical Trials for New Molecular Entities and Original Therapeutic Biologics Approved by FDA CDER from 2013 to 2015. J Womens Health (Larchmt). 2018 Apr;27(4):418-429. For instance, 61% of patients with psychiatric disorders are women, yet only 42% are represented in related clinical trials. Similar to this, women make up 51% of cancer patients, but only 41% of the participants were women in corresponding clinical trials.2Sosinsky AZ, Rich-Edwards JW, Wiley A, Wright K, Spagnolo PA, Joffe H. Enrollment of female participants in United States drug and device phase 1-3 clinical trials between 2016 and 2019. Contemp Clin Trials. 2022 Apr;115:106718. This shows that, especially in early trial phases, where the safety profile of novel drugs is assessed, women representation is not balanced and potential differences in treatment responses are underestimated.
The overrepresentation of men in clinical trials is driven by various factors, including historical repercussions, lack of awareness and socio-cultural biases.
In 1962, the Thalidomide scandal occurred, in which thalidomide was prescribed to pregnant women to alleviate morning sickness, ultimately causing more than 10,000 severe birth defects.3https://www.sciencemuseum.org.uk/objects-and-stories/medicine/thalidomide This medical disaster had severe consequences on the regulatory framework of clinical trials, leading to a FDA policy in 1977 that recommended the exclusion of women at a child-bearing age for early phases in clinical trials.4Kantor, E. (s. d.). Women and clinical trials : The importance of inclusion in research studies. Antidote. https://www.antidote.me/blog/women-and-clinical-trials-the-importance-of-inclusion-in-research-studies It was only in 1993 that the FDA released a guideline encouraging the participation of women in Phase I and II drug trials. However, the effects of this delay are still seen today, resulting in lower enrollment rates of women.
It is often overlooked that the female body functions fundamentally differently than the male body. Women undergo different hormonal cycles, metabolic rates, immune responses and have distinct fat distribution.5Singh, K., & Swarup, R. (2025). Women are poorly represented in clinical trials. That’s problematic. Nature. https://doi.org/10.1038/d44151-025-00036-y These differences were long considered to complicate clinical trial data analysis. However, it has since been shown that the physiological differences of women significantly impact pharmacokinetic dynamics, including how a drug is distributed, metabolized and excreted, making safety and efficacy tests critical in both men and women.
There are various factors that can influence the willingness to participate in clinical trials, including concerns about the risk of side effects, the time required for participation and transportation and the incompatibility with the work schedule.6Goldstein, K. M., Kung, L. C. Y., Dailey, S. A., Kroll-Desrosiers, A., Burke, C., Shepherd-Banigan, M., Lumsden, R., Sims, C., Schexnayder, J., Patel, D., Cantrell, S., Sheahan, K. L., & Gierisch, J. M. (2024b). Strategies for enhancing the representation of women in clinical trials : an evidence map. Systematic Reviews, 13(1). https://doi.org/10.1186/s13643-023-02408-w Such challenges often affect more women, as they are still primarily in charge of caregiving responsibilities. In addition, social expectations from family, partners, and friends regarding the role of women in family obligations influence the decision of women on whether or not to participate in clinical trials.7Lobato L, Bethony JM, Pereira FB, Grahek SL, Diemert D, Gazzinelli MF. Impact of gender on the decision to participate in a clinical trial: a cross-sectional study. BMC Public Health. 2014 Nov 6;14:1156. Moreover, external concerns about the safety of medication on reproductive health, as well as its effects on pregnancy and breastfeeding, are more pronounced for women.8Women in Clinical Trials : Relevance and Differences. (s. d.). https://www.alcedis.de/en/blog/women-clinical-trials-relevance-challenges-and-future-developments
The underrepresentation of women in clinical trials over time results in healthcare disparities in terms of treatment safety and outcomes. Medical neglect of gender differences regarding disease symptoms and treatment response contributes to higher misdiagnosis rates in women. For example, 50% of heart attacks in women are misdiagnosed, resulting in a 70% higher risk of death within 30 days.9Wu J, Gale CP, Hall M, et al. Editor’s Choice – Impact of initial hospital diagnosis on mortality for acute myocardial infarction: A national cohort study. European Heart Journal. 2016;7(2):139-148. Moreover, it has been shown that, for marketed therapeutic solutions, women experience 50-75% more adverse drug reactions compared to men, resulting in many drugs being withdrawn from the market due to health risks in women.10Rademaker M. Do women have more adverse drug reactions? Am J Clin Dermatol. 2001;2(6):349-51.
To highlight the importance of considering gender differences in clinical trials, numerous examples exist where the efficacy of therapeutic solutions, such as medical devices and treatments, revealed major differences between men and women once they were launched. For instance, a study from 2013 showed that women with metal hip replacements were 29% more likely to suffer from implant failure compared to men.11Inacio MCS, Ake CF, Paxton EW, et al. Sex and Risk of Hip Implant Failure: Assessing Total Hip Arthroplasty Outcomes in the United States. JAMA Intern Med. 2013;173(6):435–441. This is likely due to anatomical differences and the insufficient clinical testing in women, which leads to these outcomes.
Another example involves the insomnia drug Zolpidem, which, years after approval, was found to potentially cause more next-morning car accidents in women than in men. This was due to neglecting the need for sex-specific medication dosages, which led to plasma drug concentrations in women twice as high as in men.12Michaloski C. B., Katz R. (2011, July 14). Complete Response Letter, NDA #22328 [Letter to Transcept Pharmaceuticals, Inc]. https://www.accessdata.fda.gov/drugsatfda_docs/nda/2011/022328Orig1s000OtherActionLtrs.pdf13Michaloski C. B., Katz R. (2011, July 14). Complete Response Letter, NDA #22328 [Letter to Transcept Pharmaceuticals, Inc]. https://www.accessdata.fda.gov/drugsatfda_docs/nda/2011/022328Orig1s000OtherActionLtrs.pdf
Lastly, the drug Digoxin was shown to effectively increase the force of cardiac contractions. However, these results were based on trials with 80% male participants. Years later, when data were analyzed by gender, it was found that women taking Digoxin died earlier than those on a placebo.14Rathore, S.S.; Wang, Y.; Krumholz, H.M. Sex-Based Differences in the Effect of Digoxin for the Treatment of Heart Failure. N. Engl. J. Med. 2002, 347, 1403–1411.
These examples show that neglecting the female physiology, metabolism and hormonal differences endangers the health of women and compromises treatment effectiveness. Recognizing and tackling gender differences is critical and must be central to clinical research practices.
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In 2025 the FDA released updated guidelines to reduce the underrepresentation of women in clinical trials for drugs and medical devices in various therapeutic areas. These aim to increase enrollment of females in clinical trials, to analyze and interpret sex-specific data and to include sex-specific information in regulatory submission of medical products.15FDA issues draft guidance : Study of sex Differences in the clinical evaluation of medical products. (s. d.). https://www.clinicalleader.com/doc/fda-issues-draft-guidance-study-of-sex-differences-in-the-clinical-evaluation-of-medical-products-0001
One of the initiatives the European Union is taking to improve patient representativeness and inclusion in clinical trials, is the READI (Research in Europe and Diversity Inclusion) project, launched in January 2025 under Horizon Europe. This initiative aims to overcome barriers to clinical study participation among underserved and underrepresented communities. It addresses issues such as lack of information, mistrust, poor communication, geographic limitations and prejudice, while emphasizing the importance of integrating gender-based analysis in research and innovation.16READI Project Launches to Enhance Patient Representativeness and Inclusion in European Clinical Research. (s. d.). Ecrin. https://ecrin.org/news/readi-project-launches-enhance-patient-representativeness-and-inclusion-european-clinical17Gender equality in research and innovation. (s. d.). Research And Innovation. https://research-and-innovation.ec.europa.eu/strategy/strategy-research-and-innovation/democracy-and-rights/gender-equality-research-and-innovation
These recent developments highlight the importance of sex-based differences in drug safety and efficacy, protecting women’s health and raising awareness in both institutions and the public.
Much progress has been made so far, but there are many opportunities for further action to drive meaningful progress, including:
In conclusion, gender disparity still exists in clinical trials. This leads to lower participation rates of women, which puts their health at risk. These dynamics are driven by historical and socio-cultural biases, limited information and support during trials and a lack of awareness about gender differences in biomedical research.
As a key stakeholder in healthcare and a contributor to current and future clinical developments, pharmaceutical companies must play an active role in promoting gender equality and inclusivity in clinical trials. To do so, Alcimed can help you identify strategies and solutions to foster diversity in your clinical trials to advance health equity. This includes optimizing the design of clinical trials and enhancing patient engagement by identifying the specific information and support women need to improve recruitment and adherence. Don’t hesitate to contact our team!
About the authors,
Céline, Project Manager in the Healthcare team at Alcimed in France.
Johanna, Consultant in the Healthcare team at Alcimed in France.