Why is Underinvestment Threatening Women’s Lives and Wasting Economic Potential?
Synopsis
Key Takeaways
Davos, Jan 20 (NationPress) Despite making up nearly half of the global populace, women's healthcare is severely underfunded, which not only jeopardizes their health but also squanders a vast economic potential, as revealed in a recent report unveiled at the ongoing World Economic Forum Annual meeting on Tuesday.
The report highlighted that women receive a mere 6 percent of private healthcare investments, with 90 percent of this funding directed solely towards women's cancers, reproductive health, and maternal health.
This leaves numerous other prevalent and serious conditions, including cardiovascular disease, osteoporosis, menopause, Alzheimer’s, endometriosis, polycystic ovary syndrome (PCOS), and menstrual health, “disproportionately undercapitalized.”
Conditions such as endometriosis, PCOS, and menstrual health, which impact tens of millions of women “uniquely,” receive under 2 percent of women’s health funding, according to the report.
Women in low- and middle-income countries are the most affected by this funding disparity.
“Men’s health has historically served as the default standard for research and product development, with clinical guidelines, trial designs, and innovation channels frequently aligned with male physiology and requirements,” stated Shyam Bishen, Head of the Centre for Health and Healthcare at the World Economic Forum.
“This approach systematically neglects conditions that impact women uniquely, differently, or disproportionately, leaving critical areas underfunded, under-researched, and underserved,” Bishen continued.
The report linked the funding gap for women's health to a higher likelihood of women spending their lives in poor health or with disabilities, despite having a longer life expectancy.
Nevertheless, it noted that there is a growing momentum for investments, particularly in women's cancer therapies; digital healthcare solutions, including remote maternal and mental health services; longevity clinics catering to middle-aged and menopausal women; and wearable technology for tracking metabolic health issues like PCOS and gestational diabetes.
The report recommended collaborative initiatives to broaden the evidence base in women's health, enhance transparency regarding outcomes and economic returns, and extend reimbursement for treatments while modernizing regulatory frameworks.