Overview and Scope
Menopause is a natural biological process that marks the end of a woman’s menstrual cycles and reproductive years, diagnosed after a woman has gone 12 consecutive months without a menstrual period. It is often associated with various physical and hormonal changes signaling the end of the reproductive years when the ovaries stop releasing eggs and the hormones progesterone and estrogen become less abundant.
Sizing and Forecast
The menopause market size has grown strongly in recent years. It will grow from $16.53 billion in 2023 to $17.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increased life expectancy, women’s health awareness, nutritional supplements, healthcare access improvement, stress and lifestyle management, patient advocacy..
The menopause market size is expected to see strong growth in the next few years. It will grow to $22.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to cognitive health focus, wellness programs at workplace, mental health integration, education and awareness campaigns, personalized medicine.. Major trends in the forecast period include digital health solutions for menopause, non-hormonal therapies, research on long-term health outcomes, telemedicine and virtual health, technological innovations in treatment..
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Segmentation & Regional Insights
The menopause market covered in this report is segmented –
1) By Treatment: Dietary Supplements, Over-The-Counter (OTC) Pharma Products
2) By Route of Administration: Topical, Oral, Injectables
3) By Distribution Channel: Hospital, Retail, Online Pharmacies
4) By End User: Hospital, Diagnostic Centers, Specialty Clinics, Other End Users
North America was the largest region in the menopause market in 2023. The regions covered in the menopause market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing physical inactivity among women is expected to propel the growth of the menopause market going forward. Physical inactivity refers to the absence or minimal physical activity that refers to all activity, including mobility during leisure time, transportation to and from places, and moving as part of a person’s job. The growing problem of physical inactivity among women during menopause contributes to a greater demand for products and services that address menopausal symptoms, health risks, and overall well-being. For instance, in September 2023, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the %age of women who had no physical activity increased by 7.9% from 213,555 in 2020 to 230,493 in 2021. Therefore, the increasing physical inactivity among women is driving the menopause market.
Key Industry Players
Major companies operating in the menopause market report are Pfizer Inc., Johnson & Johnson Inc, The Procter & Gamble Company, F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi S.A, Abbott Laboratories Ltd., GSK plc, Eli Lilly and Company, Amgen Inc., Novo Nordisk A/S, Viatris Inc., Teva Pharmaceutical Industries Ltd., Astellas Pharma Inc., Sun Pharmaceutical Industries Limited, Cipla Inc., Dr. Reddy’s Laboratories Ltd., Apotex Inc., Rainbow Light Nutritional Systems LLC, Mithra Pharmaceuticals SA, TherapeuticsMD Inc., Theramex SpA, Pure Encapsulations LLC., Mylan N.V., PADAGIS LLC, Serenity Pharmaceuticals LLC, ASCEND Therapeutics US LLC
The menopause market report table of contents includes:
1. Executive Summary
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