Introduction of digital menopause solutions was accelerated by the pandemic
Trend - Brands are increasingly launching digital and technological menopause solutions, as consumers have become more familiar with technology over the pandemic. These products help consumers manage symptoms from home while ensuring they have on-demand access to support through digital channels.
Insight - The pandemic caused women experiencing menopause to feel more isolated than before as in-person medical services were moved to digital platforms. These conditions led to aging consumers becoming more intimately connected to technology than before, increasing the perceived value of menopause-focused technological solutions. This directly caused an increase in demand for smart gadgets, AI-powered solutions, and digital platforms focused on perimenopause and menopause support.
Insight - The pandemic caused women experiencing menopause to feel more isolated than before as in-person medical services were moved to digital platforms. These conditions led to aging consumers becoming more intimately connected to technology than before, increasing the perceived value of menopause-focused technological solutions. This directly caused an increase in demand for smart gadgets, AI-powered solutions, and digital platforms focused on perimenopause and menopause support.
Workshop Question - How could your industry leverage the increase in tech literacy caused by the pandemic?
Trend Themes
1. Digital Menopause Solutions - The pandemic has accelerated the launch of digital and technological menopause solutions, leading to an increase in demand for smart gadgets, AI-powered solutions, and digital platforms focused on perimenopause and menopause support.
2. AI-powered Menopause Apps - Menopause apps are leveraging AI algorithms, digital therapeutics, and sensors to offer personalized help based on each individual's symptoms and situation while providing virtual appointments with doctors and specialists.
3. Virtual Assistant Menopause Apps - Menopause apps with virtual lifestyle coaches help women develop healthy habits and tap into evidence-based strategies revolving around eating, sleep, movement, stress management, and emotion management, while enabling users to engage with experts and form supportive communities.
Industry Implications
1. Healthcare and Pharmaceutical - The growing demand for menopause solutions presents significant opportunities for companies in healthcare and pharmaceutical industries to develop innovative products and services to meet the unique needs of aging populations.
2. Femtech - Femtech companies are uniquely positioned to create menopause-specific solutions leveraging digital platforms, AI, and other emerging technologies to provide more comprehensive and personalized care for women seeking relief from menopause symptoms.
3. Wearable Technology - The development of personal cooling devices and the integration of wearable technology into menopause apps presents opportunities for companies in the wearable technology industry to create innovative products catered to menopausal women.
