USD 16.01 billion
Report ID: SQMIG35I2115 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 62 | Figures: 77
Menopause Market size was valued at USD 16.01 billion in 2021 and is poised to grow from USD 16.9 billion in 2022 to USD 24.4 billion by 2030, growing at a CAGR of 5.33% in the forecast period (2023-2030).
Menopause is a natural biological process that marks the end of a woman's reproductive years. It usually occurs between the ages of 45 and 55, and is characterized by the cessation of menstrual periods. During menopause, women may experience a range of symptoms, including hot flashes, night sweats, mood changes, and vaginal dryness.
There is a growing market for nutritional supplements and other products that are designed to help women manage the symptoms of menopause. These products include herbal supplements, vitamins, minerals, and other dietary supplements, as well as over-the-counter and prescription medications.
The global menopause market is expected to grow significantly in the coming years, driven by factors such as increasing awareness about the health benefits of nutritional supplements, growing demand for natural and organic products, and rising incidence of menopause-related health issues. Also, the menopause market is driven by a number of factors, including the aging of the global population, rising awareness of menopause-related health issues, and growing demand for natural and organic products. In addition, women are becoming more active and engaged in managing their health and wellness during menopause, which is driving the development of new products and services.
US Menopause Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 16.01 billion
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Global Menopause Market is segmented based on treatment, and region. Based on treatment, the market is segmented into dietary supplements, OTC pharma products. Further, OTC pharma products is segmented into hormonal and non-hormonal. Based on region, the global Menopause Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Menopause Market Analysis by Treatment
During the projected period, the dietary supplements segment dominated the market for Menopause in 2022. This dominance is attributed to factors such as, advantages of nutritional supplements and dangers of hormone replacement therapy. According to a study that was written up in the Journal for Nutraceuticals, supplements like primrose oil, black cohosh, soy isoflavones, and chasteberry helped to relieve hot flashes with sweating, depression, and sleep problems.
The OTC pharmaceutical products market is anticipated to grow profitably during the forecast period. This can be attributed to a change in pharmaceutical companies' development of over-the-counter (OTC) medications to treat menopausal symptoms. For instance, Theramex purchased the product license for Femarelle, an over-the-counter medication used to treat menopausal symptoms, in November 2021. By 2022, the product—which was initially developed by Se-cure Pharmaceuticals Ltd.—will be accessible in a number of nations.
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The North America region is anticipated to dominate the market for Menopause market. This dominance is owing to the large population of women undergoing menopause in North America, which increases demand for menopause-related goods and services. Also, compared to other markets, the North American market may have healthcare systems that are more advanced and greater access to these goods and services.
However, due to the rising demand for menopause-related goods and services as well as the increased knowledge of symptoms associated to the menopause, emerging regions like Asia-Pacific and Latin America may present considerable growth potential. Moreover, factors including rising disposable incomes, bettering healthcare infrastructure, and expanding healthcare spending may support the expansion of the menopausal market in these areas.
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Menopause Market Drivers
Menopause Market Restraints
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With a wide range of businesses joining the market and creating new products and services to meet the demands of women going through menopause, the menopause market is getting more and more competitive. As the industry expands, competition is likely to heat up, forcing businesses to stand out via innovation, efficacy, and safety in order to gain market share.
Menopause Market Top Player’s Company Profiles
Menopause Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global menopause market analysis, due to growing aging population, rising awareness, lifestyle factors, and technological advancements are driving the market growth. As the market continues to grow, companies will need to focus on innovation and partnerships to remain competitive.
|Market size value in 2021||USD 16.01 billion|
|Market size value in 2030||USD 16.9 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Menopause Market Recent Developments
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Menopause Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Menopause Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Menopause Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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