Global Menopause Market Size, Share, Growth Analysis, By Applications(Screening and Diagnosis), By End User(Hospital, Diagnostic Centres) - Industry Forecast 2023-2030

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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).

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. 'Pfizer Inc.', 'Novo Nordisk A/S', 'Allergan plc', 'TherapeuticsMD Inc.', 'Mylan N.V.', 'Teva Pharmaceutical Industries Ltd.', 'Bayer AG', 'Merck & Co. Inc.', 'Johnson & Johnson', 'GlaxoSmithKline plc', 'Eli Lilly and Company', 'Amgen Inc.', 'AbbVie Inc.', 'Pfizer Inc.', 'Novartis International AG', 'Procter & Gamble Co.', 'Roche Holding AG', 'Sanofi SA', 'Serenity Pharmaceuticals LLC', 'Mithra Pharmaceuticals SA', 'In Feb 2022, Nestlé Health Science has completed the final acquisition of Vital Proteins, the one of the leading company in collagen in the United States and a lifestyle and wellness platform offering supplements, beverages and food products. Nestlé Health Science acquired a majority stake in Vital Proteins in 2020.', 'In 2022, TherapeuticsMD, Inc. (NYSE MKT: TXMD), an women’s healthcare company, announced positive top-line results from its pivotal phase 3 Replenish Trial of TX-001HR, an investigational bio-identical hormone therapy combination of 17ß-estradiol and progesterone in a single, oral softgel, for the treatment of moderate to severe vasomotor symptoms (VMS) due to menopause in post-menopausal women with an intact uterus'

There are several factors driving the menopause market such as, aging population, rising awareness, lifestyle factors, and technological advancements. Also, Changing attitudes and Healthcare access and affordability are some of the other factors driving the market. As the global population ages, more women will enter menopause, leading to a larger market for menopause-related products and services. This demographic trend is expected to continue for the foreseeable future, as life expectancies increase and birth rates decline in many regions. For instance, The North American Menopause Association estimates that 2 million women in the United States experience menopause every year, or roughly 6,000 women every day. According to UN statistics, there will be 985 million women in 2020 who are 50 years of age or older. By 2050, this figure is anticipated to reach 1.65 billion. The market for menopause products has been significantly boosted by growing public knowledge of menopause and its symptoms. The changes that take place during menopause and the health hazards linked to it are becoming well known to women. The demand for goods and services that can assist manage menopause symptoms, like hormone therapy, herbal supplements, and lifestyle changes, has surged as a result of this raised awareness. Lifestyle factors, such as poor diet and lack of exercise, can exacerbate menopause symptoms and increase the demand for products and services that address these issues. Women are increasingly recognizing the importance of a healthy lifestyle during menopause, which has led to a growing market for products and services that promote wellness during this phase of life.

Owing to concerns about the potential hazards of hormone-based treatments, many women are searching for non-hormonal therapy to treat the symptoms of menopause. As a result, there is an increasing need for non-hormonal treatments such herbal medicines, CBT, and mindfulness-based treatments.

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.

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Global Menopause Market Size, Share, Growth Analysis, By Applications(Screening and Diagnosis), By End User(Hospital, Diagnostic Centres) - Industry Forecast 2023-2030

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