The Ultimate Guide to Women’s Health Market

A Deep Dive into Marketing and Messaging for Women’s Healthcare Technology Businesses

Introduction

Welcome to The Ultimate Guide to the Women’s Health Market: A Deep Dive into Marketing and Messaging for Women’s Healthcare Technology Businesses.

In this report, you’ll get:

  • A rundown of the women's health market as it pertains to marketing and messaging
  • An explanation of why you must treat the women's health market as a distinct and separate market with its own unique needs
  • Tips for reaching women in the women's health market (Important: what worked for the traditional male-centric health market won’t work in this market)
  • Information on how to tap into women’s desire to improve their health and simplify their lives via technology
  • 7 action steps to make your product stand out in the women's health market

What is the Women’s Health Market (and Why Does it Matter)?

Men’s and women’s bodies are programmed differently from conception. Sex-based differences influence all tissues, organs, and bodily functions which affects disease prevention, diagnoses, and treatments.[1]

Yet women’s health has been considered a niche market—a subset of healthcare.

It’s time to change that.

Women’s health is much more than just reproduction.

It includes female-specific conditions, women’s biology, and issues around gynecology. A few examples are:

  • fertility
  • contraception
  • pregnancy
  • maternal health
  • general gynecology
  • gynecological infections
  • menstrual health
  • menopause
  • women’s oncology
  • pelvic and sexual health

But it’s not just areas that we think of as “women’s health issues.”

It also includes general health conditions that affect women differently, disproportionately, have gender-based discrepancies in care, or lack sufficient research for women’s needs.

To be clear, all health issues are women’s issues because the unique needs of women must be taken into consideration. Why?

First, because women’s bodies have different needs that are just now starting to get the research and attention they deserve.

Scientists and physicians are increasingly recognizing that many diseases and conditions affect women differently than men and that treatments and therapies can differ in both subtle and significant ways.

Second, because women’s needs change at all phases of their lives.

This means the treatment for a single condition might be wildly different for a girl, versus a woman of child-bearing age, versus a woman who has gone through menopause.

To make it even more challenging (and important) general health conditions affect women differently for reasons that aren’t always biological or understood. For example:

  • Cardiovascular disease affects women differently than men.
  • Autoimmune disease, migraines, and osteoporosis disproportionately affect women as compared to men.
  • Pain and mental health are characterized by gender-based discrepancies in care.
  • Alzheimer’s disease falls into the category of general health conditions for which sex differences are not precisely known or are insufficiently studied.

The History of Women’s Health Market and the Emergence of FemTech

It seems strange to include a section on the history of women’s healthcare as a distinct market because there have always been women—and they’ve always needed healthcare.

That said, let’s take a look at a few milestones in women’s health over the last 100 years.

  • 1916: The first birth control clinic was opened in Brooklyn, New York.
  • 1923: The pap smear, a test used to detect uterine and cervical cancer was invented. However, it wasn’t recognized as a medical breakthrough until 1943.
  • 1942: Hormone replacement therapy (HRT) first became available to relieve menopause symptoms.
  • 1953-1956: Induced abortion was legalized. Aseptic techniques during childbirth and use of antibiotics were introduced.
  • 1960: The Federal Drug Association (FDA) approved the safety of birth control pills.
  • 1965: Birth control was legalized for married couples to buy. (Unmarried couples couldn’t buy birth control until 1972.)
  • 1966: The first mammogram machine was used to detect early breast cancer.
  • 1973: Roe v. Wade gave women the right to get abortions in the first trimester of pregnancy.
  • 1983: Cryopreservation was first used to freeze women’s embryos. (Cryopreservation of sperm began in 1953.)
  • 1980s: Medicaid was expanded to include pregnancy.
  • 1993: The National Institute of Health Revitalization Act was passed. It required women to be included in clinical research for new drugs. It also required that the results be sorted by sex.
  • 1998: The FDA ruled that information on the safety and effectiveness of new drugs had to consider gender.
  • 2001: The progestin-releasing intrauterine device (IUD) became available in the United States.
  • 2006: The single-rod progestin-releasing birth control implant was approved.
  • 2006: Over-the-counter sales of oral contraceptives became legal to women 18+. The age requirement was lowered to 17 in 2009.
  • 2010: The ACA (Affordable Care Act) was passed.
  • 2014: An HPV (human papilloma virus) DNA test for primary cervical cancer screening became available.
  • 2014: Insurance companies were prohibited by the ACA from charging more based on status or gender. Further, insurers were no longer allowed to refuse coverage to women who’ve had breast cancer, cesarean deliveries, or pregnancies.[2]
  • 2016: The term “FemTech” was coined by Ida Tin.

 

So What’s Going on in FemTech?

The women’s health market has traditionally been lumped into general health marketing with an occasional nod to alternative health topics. But recently a new industry has emerged—FemTech.

FemTech is made up of products that blend women’s health with modern technology, including apps. And until now, it has been virtually ignored.

However, there are clear signs that FemTech is poised for huge growth. In 2019, the global FemTech market was valued at over $18B. It is expected to reach $60B by 2027.[3]

Why is the market growing so quickly? Studies show that women are:

  • 75% more likely than men to use technology to get health-related information
  • Likely to spend 29% more per capita on healthcare than men[4]

The takeaway: Women do more digital research—and they spend more money—on women’s health solutions than men.

It’s important to note these stats don’t take into account two additional cost factors:

1- The hidden cost of being a woman. The bottom line cost to women is higher than their male counterparts for nearly everything because of the gender wage gap. If you make less money for the same job, your money doesn’t go as far. And yet, women spend more money on healthcare for themselves and their families than men.

2- The overt cost of being a woman. Until recently, women were actually charged more for the same conditions as men, while receiving identical treatments! Why? Because they were women. No other reason.

There is also a “hidden market” that’s not reflected above—the rest of the family.

Women are often the primary researchers and providers of health resources for the whole family. So these numbers don’t necessarily reflect women looking for solutions on behalf of their mothers, daughters, etc.

Given the size of the women’s health market and the degree to which it’s underserved, it’s time to take a closer look at providing FemTech solutions to this important segment of the population.

5 Examples of Amazing FemTech Apps for the Women’s Health Market

The technology happening in the women’s health market is so cool. And it will only get better as more people take an interest in the industry and apply their considerable talents to take care of the women in our lives.

Here are just a few examples:

1. Natural Cycles

Natural Cycles is an FDA-approved app for birth control.

Think about it: an app as a medical device.

If you’re from the old days of tracking temperature and cycles with paper and pencil (and worrying whether you’ve done it right or not), then you know just how amazing this is.

https://www.naturalcycles.com

2. LactApp

Again, another amazing app. I breastfed my five children during a time when women had access to friends, mothers, sisters… a whole community of women to answer your questions and make sure things go well for you and your baby.

But now, women are more isolated. And in many places, it’s a social taboo to feed your baby in public. So how are you going to get the help you need to provide the optimal nutrition for your baby?

That’s where LactApp comes in. Awesome.

https://lactapp.com

3. Clue

Here it is again… more technology specifically for women’s legitimate and important health needs. I doubt men understand how much of a woman’s life is consumed by the medical needs of her cycle. (Hint: It’s 3 weeks out of every month, with one week off, if you’re lucky. Think about it.)

This app is so good that my daughters use it. And if you read earlier about the Cascade Effect I was talking about, then you’re now seeing the cascade happening in real life. My daughter found the app and recommended it to her sisters. Suddenly, a whole tribe of followers sprung up in just my family alone. So if you’re wondering if women’s markets are leveraged, rest assured they are.

https://helloclu.com

4. Menolife

Here’s a great app in the wildly underserved menopause market. Just so you know, menopause isn’t a disease to be cured. It’s a stage of life. And most women will live post-menopause years longer than they ever did during their fertile years.

During these years, women will take on vital leadership roles in their businesses and families. They deserve to have access to tools that make their lives better. This app does exactly that.

​​https://menolabs.com/pages/our-app

5. Columbia University

And just for fun, here’s one more from Columbia University. Women’s heart health symptoms show up differently. And 90% of heart disease can be prevented. So why not give women tools that help them understand their bodies and save their lives?

Really. Why not?

https://www.columbiacardiology.org/patient-care/womens-heart-center/mobile-heart-health-app

7 Tips for How to Uniquely Position Your Product in the Women’s Health Market

Even though the women’s health market is underserved, it’s still important to uniquely position your products so you stand out.

In broad strokes, here’s the process I recommend whenever you’re launching or relaunching a product:

  1. Create an ideal client avatar description. Interview women to find out what their needs actually are. Be as detailed as you possibly can in your avatar because you’ll return to this document every time you bring a new product to market or reposition an existing one.
  2. Create a list of beliefs your avatar has about their health. You can get this information from interviews or from online research. The list will be critical when you’re writing ads, doing content marketing, designing UX (user experience), refining your product, and a thousand other things.
  3. Research women’s healthcare and the women’s health market, specifically. The market is rapidly growing and changing. And women are sophisticated consumers. To know more about the landscape than they do, you have to invest the time in ongoing research.
  4. Do a deep dive into competitive analysis. Look at products that directly compete with yours. Also look at alternatives a woman might choose instead of your product. Always remember that doing nothing is often a viable solution to her.
  5. Make a list of SEO (search engine optimization) keywords using a tool like Ahrefs, Ubersuggest, or SpyFu. Look at your competitor’s website from within the tool to see what words they use. You can choose to go after these words or entirely different ones.
  6. Create a brand messaging framework. The framework lays out the features and benefits of your product in a clear way for easy reference. It forces you to think through how your product might appeal to different markets or where you could differentiate yourself from the competition.
  7. Create a voice guide. The voice guide will be used by anyone in your company who communicates about your brand or works directly with prospects and customers. The brand voice must be engaging and consistent across all channels.

Opportunities in FemTech and Where to Start With Your Marketing

So as you can see, the deeper you explore the FemTech market, the more opportunities there are to improve women’s lives.

To put it in marketing parlance, the problems being solved in this industry are “red light” problems—problems that stop a person’s life until a solution is found.

There’s also room in the market to create profitable businesses that provide jobs for the brilliant minds that collaborate on women’s healthcare technology… doctors, researchers, software engineers, product designers, user experience professionals, and a host of other people across a variety of fields who might not normally work together are suddenly on a journey together.

That alone is inspiring.

But to bring women’s healthcare technology to its full potential, it needs the support of marketing and messaging to show women the true and important value of your product.

Where should you start?

My advice is to start with the customer avatar.

Research the way women talk about their problems. Consider what they’re saying… and what goes unsaid. (Sometimes what’s unsaid is the most important part of the conversation.)

From there, build out messaging that resonates and do everything in your power to get your product into women’s hands.

Breaking Through the “Code of Silence” in the Women’s Health Market

Building out compelling marketing messaging in the women’s health market is tricky because women’s healthcare has a long history of entrenched lack of communication.

It shows up in several ways in women’s lives.

1- Silence. People are often unwilling to talk about women’s bodies and medical needs.

2- Poor vocabulary. There is a pervasive lack of knowledge about what to call various body parts, names of procedures, tools used in a medical setting, and what happens in a doctor’s office.

3- Otherness. There is a generalized belief that women’s bodies are somehow foreign. This locks in the attitude of silence and prevents people from learning the vocabulary that could facilitate conversation.

In the next section, I’ll share tips for how you can reach women with your messaging. But first, let’s consider the overarching principles we’ve discussed so far:

1- Open discussion. The more women’s healthcare needs and products are openly discussed, the safer and healthier women will be.

2- The Cascade Effect. Improved women’s health contributes to stronger, healthier societies because women are often the caretakers of children and the elderly of all genders.

3- Technology. Technology advances in women’s healthcare have accelerated in the past few years. Giving women access to tech-enabled solutions that focus on their health needs will improve the quality of their lives.

How to Speak to the Women’s Health Market in Your Marketing

Given that there is a general lack of communication in the women’s healthcare space, it’s easy to say the wrong thing and turn off or offend women who might be ideal for your product.

From my experience as a marketer, woman over 40, and mother of five (including four daughters), here are 9 tips that will help:

  1. Don’t just try to improve women’s lives—aim to transform their lives.
  2. Make sure your product solves a real problem—not just an inconvenience.
  3. Make sure your avatar is a real person, not an imaginary woman with vague characteristics.
  4. Remember you’re not just selling to one person. You have a secondary (invisible) audience of everyone and everything else she needs to consider and provide for.
  5. Age matters. Speak to your demographic in no more than 10-year slices of life. A woman’s life 20-29 is wildly different than life from 40-49 or even 50-59.
  6. Phase of life matters. It’s not just career, babies, marriage, etc. There are also medically relevant stages of life—the menopause years are nothing like the fertility years.
  7. Proof matters. Back up every claim with proof. Women deal with false claims about poorly understood problems every day.
  8. Tone of voice matters. Aim for a conversational tone. Lean toward being informative and engaging over being hype-y or sales-y.
  9. Price matters. A woman has more or less money to spend depending on her phase of life and the number/needs of the people she cares for.

What’s Next?

In this report, we took a look at the women’s health market from 100 years ago to today.

We saw what’s happening in the FemTech market and why it’s so important to get healthcare technology into the hands of women.

And I shared proven marketing and messaging strategies for bringing your products to market.

Here are two steps I recommend you take next:

1- Reach out. If you’d like help strategizing your brand messaging, web copy, marketing funnels, or advertising, you can email me at melanie@placemastery.com.

2- Join the list. If you’d like to join my email list where I talk about FemTech and business strategy for women in business, please enter your name and email below.

When you sign up, you’ll get the Momentum Builder Workbook—a free self-assessment tool that shows you 7 ways to build sustainable momentum in your business and the best way to uniquely position your product for accelerated growth.

It’s the 30,000-foot-view-slash-lifeline I wish I’d had when I started my life over again as a business woman and single mother of five.

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About Melanie Warren

Melanie Warren is the founder of Place Mastery–a digital marketing consulting firm for women-owned businesses and entrepreneurs whose products improve the quality of women’s lives.

Melanie’s specialties include:

  • Online marketing strategy consulting
  • Entrepreneurial mindset coaching
  • Brand messaging creation
  • Web and email copywriting
  • Funnel design and copywriting
  • Direct response copywriting and chiefing
  • Digital marketing and paid advertising
  • Content marketing and SEO

Over the last 8 years, she has worked with clients ranging from solopreneurs to major media brands to increase profits by building brands that attract, engage, and retain high lifetime-value customers.

In addition to high-level consulting, she has worked directly in her clients’ businesses to create unique and valuable experiences for their customers.

She has created, consulted and co-led over 500 educational, invitational, and sales webinars.

She has sold over $3 million in high-ticket, in-person seminars (across 2 years) using her unique “teach to sell” approach to understanding people and what makes them tick.

She has shared the professional speaking stage with:

  • Roy Peter Clark – America's most influential writing teacher and Senior Scholar at the Poynter Institute (Poynter.org)
  • Kevin Rogers – founder of Copy Chief, the largest direct response marketing and copywriting community (CopyChief.com)
  • Michael Hague – top Hollywood story and screenwriting consultant (StoryMastery.com)
  • Marcella Allison – founder of Mentoress Collective, the women-only professional networking community for creatives (MentoressCollective.com)

She is also the author of The 9 Buyers System: How to Increase Sales by Answering Your Customer’s 9 Hidden Questions, The Place Mastery Method: How to Build a Thriving Online Community in 12 Easy Steps, and a children’s book: Princess Audria’s Paintbrush.

To contact Melanie, send an email to melanie [at] place mastery dot com or send a text to 978-733-0129.

[1] Mary-Lou Pardue and Theresa M. Wizemann, eds., Exploring the Biological Contributions to Human Health: Does Sex Matter?, Washington, DC: National Academies Press, 2001.

[2] https://blog.healthsherpa.com/womens-healthcare-over-the-last-100-years/

[3] https://www.emergenresearch.com/industry-report/FemTech-market

[4] https://www.frost.com/frost-perspectives/FemTechtime-digital-revolution-womens-health-market/