According to Future Market Insights most recent industry analysis, the global menopause treatment market is projected to reach over US$ 13.3 billion in 2022. The market is expected to grow at a compound annual growth rate (CAGR) of more than 5.6% throughout the projected period, ending in 2032 with an estimated valuation of US$ 22.9 billion.
Hormone therapy comes with side effects due to the medication prescribed such as Tibolone, progestin, and estrogen, which is part of the therapy. Women experience vaginal bleeding, weight gain, breast tenderness, endometrial hyperplasia, and others, which are creating market scope for manufacturers to improve drug formulations that can address all these problems at once.
Bone fracture is also prevalent and relative cases of osteoporosis are also observed in women in their menopause. Menopause is also considered the common reason for osteoporosis as it has a direct relationship with the lack of estrogen. Women are at a high risk of fractures
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Rising investment in research and development and healthcare settings to develop novel therapy and medications putting emphasis on low-cost product development and lesser side effects are expected to propel the menopause treatment market growth during the forecast period.
Moreover, many startups are focusing on fundraising to support different programs. More tech-enabled startups trying to convince investors to fund women’s digital health.
Key Takeaways:
- Hormone therapy is the leading segment by product, and holds approximately 7% market value share in 2021, due to higher adoption and easier adoption of availability of medications that are used in hormone therapy.
- By route of administration, numerous studies demonstrate that women are substantially better protected against cardiovascular issues, with both heart attacks and strokes occurring at significantly lower rates when oral medications are prescribed. Hence, oral route of administration holds a market share of 0% in 2021.
- By distribution channel, retail sales are leading in the global menopause treatment market, and are expected to continue to do so with a projected CAGR of 6% during the forecasted years. Retail sales include retail pharmacies, drug stores, supermarkets, and hypermarkets, which are easily accessible and offer services like home delivery, making it the most lucrative among others.
- South Asia held the largest market share in the global menopause treatment market and estimated to grow at a CAGR of close to 6% due to the presence of a prestigious society and institutes that are educating and creating awareness among the population.
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“Government campaigns creating awareness on women’s health and menopause is set to propel the sales of menopause treatment products across the globe,” says an analyst of Future Market Insights.
Market Competition
The market for menopause treatment is fragmented with well-established players, local and new entrants within the market sphere. Key players have initiated product launches with additional patient requirements addressing major issues related to side effects, attained regulatory approvals, and increased their manufacturing facilities.
- Theramex and Endoceutics expanded their initial contract in February 2022 to include the sale of Intrarosa® (prasterone) in Australia.
- In 2018, Glenmark Pharmaceuticals received the final approval from the US health regulator for a generic version of Nordisk Inc.’s VAGIFEM, for menopause symptoms.
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the menopause treatment market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032. The global menopause treatment market is segmented in detail to cover every aspect of the market and presents a complete market intelligence approach to the reader.
The research study is based on product– (hormone therapy [combination, Tibolone, progestin-only medicines, and estrogen-only medicines] and non-hormonal therapy [gabapentinoids, serotonin-norepinephrine reuptake inhibitors (SNRI), selective serotonin reuptake inhibitors (SSRI), others]), route of administration (topical, injectable, and oral), and distribution channel (institutional sales [hospitals and specialty clinics], retail sales [retail pharmacies, drug stores, supermarkets/ hypermarkets, and online sales), across seven key regions of the world.
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Key Segments :
By Product:
- Hormone Therapy
- Combination
- Tibolone
- Progestin-Only Medicines
- Estrogen-Only Medicines
- Non-Hormonal Therapy
- Gabapentinoids
- Serotonin-Norepinephrine Reuptake Inhibitors (SNRI)
- Selective Serotonin Reuptake Inhibitors (SSRI)
- Others
By Route of Administration:
- Topical
- Injectable
- Oral
By Distribution Channel:
- Institutional Sales
- Hospitals
- Specialty Clinics
- Retail Sales
- Retail Pharmacies
- Drug Stores
- Supermarkets/ Hypermarkets
- Online Sales
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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