Executive summary
The 2026 WHAM Report highlights a major, underfunded investment opportunity in women’s health by broadening the definition beyond reproductive care to include conditions that affect women differently or disproportionately. It argues that the field is at a turning point, where scientific advances and unmet clinical needs are creating a fast-growing market with strong financial and societal returns. Closing key health outcome gaps for women could add up to $1 trillion to the global economy each year by 2040.
Key takeaways
Expanding women’s health beyond reproductive care reveals a $360 billion global market that remains significantly underfunded
Investing in research for just nine major conditions could generate $400 billion annually and deliver a 3:1 economic return.
Women drive the healthcare economy, making 80% of healthcare decisions and controlling most consumer spending and future wealth.
Despite strong growth potential, women’s health receives only 2.3% of total healthcare venture capital.
Major acquisitions and exits indicate that women’s health is shifting from a niche sector to a mainstream, high-value investment area.