Menopause Treatment Market Trends and Outlook by Treatment (Hormone Therapy (Estrogen, Progesterone, and Combination), Non-Hormone Therapy (Antidepressants), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Stores), Competitive Market Growth , Size, Share and Forecast to 2027
New York, U.S., Nov. 18, 2022 (GLOBE NEWSWIRE) — Menopause Treatment Market Insight:
According to a comprehensive research report by Market Research Future (MRFR), “Menopause Treatment Market Insights by Treatment, Distribution Channel and Region – Forecast to 2027the market is expected to reach USD 15,456.3 million at a CAGR of 6.18% during forecast 2020-2027
Menopausal symptoms can be treated in some cases, but in many cases women don’t need it. Some women have found that making positive lifestyle changes, such as eating healthier and exercising more, has helped. For others, only medication can relieve their discomfort. If your hot flashes and vaginal dryness of menopause are interfering with your daily life, your doctor may prescribe hormone therapy. Hormone replacement therapy, often called hormone therapy, is commonly used to treat symptoms of menopause. Menopausal hormone therapy, whether estrogen alone or estrogen plus progesterone, is recommended by the FDA, but only at the lowest effective dose and for the shortest possible duration.
Menopause Treatment Market Competitive outlook:
Companies are investing heavily in research and development (R&D) to develop new menopause drugs and therapies to strengthen their global presence and compete with existing market leaders. Players in the menopause therapy market are adopting a wide variety of competitive methods to stay ahead of the pack, including but not limited to: gaining FDA approval; the acquisition of new companies; forming partnerships; enlarge existing ones; and collaborate with other companies.
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|Market size in 2027||$15,456.3 million|
|Forecast units||Value (USD million)|
|Report cover||Revenue forecasts, competitive landscape, growth factors and trends|
|Segments Covered||By processing and distribution channel|
|Geographical areas covered||North America, Europe, Asia-Pacific and Rest of the World (RoW)|
|Key Market Drivers||Women increasingly lead hectic and stressful lives|
|Herbal treatment for menopause proves to be a major opportunity for sellers|
The main market players are:
- Novo Nordisk A/S (Denmark)
- Pfizer Inc. (USA)
- Allergan (Ireland)
- Eli Lily and Company (USA)
- Emcure Pharmaceuticals Ltd (India)
- Novartis AG (Switzerland)
- Cipla Inc. (India)
- Teva Pharmaceuticals (Israel)
- Merck & Co. Inc. (USA)
- Abbott Laboratories (USA)
Menopause Treatment Market Dynamic:
In recent years, it has become extremely important to provide women with effective therapy for menopausal symptoms due to the increased prevalence of physical and mental health problems among women. In response to the prevalence of hot flashes, tingling, migraine, anxiety, fatigue, mood swings, irritability and insomnia, many companies have developed tip to alleviate these symptoms. The growth of the menopause therapy industry is supported by substantial investments in extensive research and development initiatives to launch new drugs.
Menopausal symptoms are exacerbated by the lack of sleep that has become common among working women. This has led to a constant state of tension and anxiety for many women. The increase in the purchasing power of women in many countries has also benefited the menopause therapy industry.
One of the most important new developments in the market is the increasing use by women of herbal supplements as a treatment for menopause. As a result, companies are responding to market needs by launching new products containing components that relieve menopause. It turns out that black cohosh and soy isoflavones are the two natural remedies for menopause that women prefer.
Market expansion is expected to be driven by an increase in the number of women suffering from vasomotor and menopausal symptoms such as night sweats and hot flashes. Mood swings, inability to concentrate, and hopelessness are also associated with menopause.
Companies providing menopause treatments have struggled a lot due to the widespread existence of significant gender health disparities in many countries. Women in countries with limited awareness and income see no progress in their health due to the lack of adequate health care infrastructure. This might be a major impediment for the expansion of the global Menopause Therapy industry over the next few years.
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The menopause treatment market has been severely impacted by the COVID-19 outbreak, resulting in the temporary shutdown of manufacturing facilities and a drop in demand. Major companies are scrambling to bolster their supply chains and ramp up operations to control further losses as the world strives to slow the spread of SARS-CoV-2. To deal with the economic concerns raised by the epidemic, they are also engaging in research and development and forming joint ventures. And now that the novel coronavirus outbreak is under control, the global menopause treatment industry should be able to rebound at a faster rate in the coming years.
Menopause Treatment Market Segmentation:
Hormone therapy is the most widely indicated or given prescription for preventing hot flashes and vaginal dryness associated with menopause, and this market segment accounts for a disproportionate share of the global market. Treatments that don’t involve hormones include antidepressants and other options.
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By distribution channel
In 2021, the hospital pharmacy market has dominated the industry as more and more women choose to give birth in hospitals due to the abundance of advanced medical resources available there.
Menopause Treatment Market Regional analysis:
Due to the increasing rates of urogenital problems and vasomotor symptoms in women, the introduction of new therapies and the presence of a mature healthcare system supported by state-of-the-art facilities, the US market is leading since 2019. The growing number of women over 60, the widespread acceptance of unsafe practices, and the ever-increasing availability of innovative medicines all contribute to America’s competitive advantage. Government support actions related to women’s health in the United States and the resulting awareness are helping to strengthen the potential for local market expansion.
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A combination of factors, including growing levels of public knowledge about the importance of women’s health and the increasing frequency with which international players are forming joint ventures with local companies and distributors, gives Asia-Pacific ahead of other regions in terms of future growth potential. The women of the region are rapidly acquiring knowledge of technology and computers. The growing number of professional women in the region represents a new business opportunity as they are early adopters of smartphone technology and digitization of healthcare.
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