Global Menopause Treatment Market is expected to have a market value of USD 17.3 Billion by 2032 at 6.10% CAGR during the forecast period.
The Menopause Treatment market is experiencing a significant shift, with a growing emphasis on natural alternatives such as Herbal Menopause Treatments and traditional approaches like Hormone Replacement Therapy (HRT). Menopause, a natural biological process marking the end of a woman's reproductive years, often comes with uncomfortable symptoms like hot flashes, mood swings, and sleep disturbances. As awareness of the potential risks associated with conventional HRT increases, there is a rising interest in herbal remedies.
Herbal Menopause Treatments have gained traction due to their perceived safety and minimal side effects. Women are exploring options like black cohosh, red clover, and soy-based supplements to alleviate symptoms. These herbal alternatives are believed to provide relief without the potential risks linked to synthetic hormones. The market is witnessing a surge in demand for botanical solutions, driven by a preference for more holistic and nature-based approaches to menopause management.
On the other hand, Hormone Replacement Therapy remains a prominent choice for many women seeking effective relief from menopausal symptoms. HRT involves replacing hormones, such as estrogen and progesterone, to balance the decline in natural hormone production during menopause. While HRT has proven efficacy in symptom management, concerns about potential risks, including an increased risk of certain cancers and cardiovascular issues, have led to a more cautious approach.
Major Key Players:
MRFR recognizes the following companies as the Menopause Treatment Market Players are — Novo Nordisk A/S (Denmark), Pfizer Inc. (US), Allergan (Ireland), Eli Lily and Company (US), Emcure Pharmaceuticals Ltd (India), Novartis AG (Switzerland), Cipla Inc. (India), Teva Pharmaceuticals (Israel), Merck Co., Inc. (US), Abbott Laboratories (US).
Segment Analysis
The global menopause treatment market is segmented based on treatment and distribution channel.
The global menopause treatment market based on the treatment has been segmented into hormonal treatment and non-hormonal treatment. The hormonal treatment segment is further segmented into estrogen, progesterone, and combination. The non-hormonal treatment is further segmented into anti-depressants and others.
Based on distribution channel, the menopause treatment market is segmented into hospital pharmacies, retail pharmacies, and online stores.
Regional Analysis
The global menopause market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East Africa.
The Americas has been segmented into North America and Latin America, with the North America market further divided into the US and Canada. The Americas led the market and accounted for the largest share in 2019 owing to the increasing product approvals and high uptake of new technology. For instance, in July 2017, AMAG Pharmaceuticals, Inc. (US) launched Intrarosa (prasterone) for the treatment of moderate to severe dyspareunia a symptom of vulvar and vaginal atrophy (VVA), due to menopause. Thus, such strategies employed by major players aid in the increased growth rate for the Americas menopause treatment industry.
The European menopause treatment market has been further segmented into Western Europe and Eastern Europe. The Western Europe menopause treatment market has further been classified into Germany, France, the UK, Italy, Spain, and the rest of Western Europe. Europe follows the Americas in the global menopause treatment market. The increasing inclination of companies towards female technology (femtech) is boosting the growth of the menopause treatment market in European countries. Many digital health start-ups have identified this opportunity and are offering B2C digital health tools, such as mobile apps, to guide menopausal women through this phase with lifestyle intervention tips and online telehealth consultations. As a result, the region is expected to show significant growth in the menopause treatment market.
The menopause treatment market in Asia-Pacific has been segmented into China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific. Asia-Pacific is expected to register the highest growth rate over the forecast period from 2020 to 2032. This is owing to the growing penetration of the women’s health sector, increasing awareness about the betterment of the women’s health, and the growing number of educational campaigns related to the benefits of hormone replacement therapy in China, Japan, India, and Australia.
The Middle East Africa menopause treatment market is segmented Saudi Arabia, the United Arab Emirates (UAE), Oman, Kuwait, Qatar, and the rest of the Middle East Africa. The negative connotation of menopause has resulted in a negative attitude towards menopause in premenopausal women. However, with the increasing awareness created by private companies, the scenario is expected to change in the next ten years.
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