Menopause Market Worth $24.4 Billion by 2030 at CAGR of 5.29%: Grand View Research, Inc.

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Nov 03, 2022, 07:45 ET

SAN FRANCISCO, Nov. 3, 2022 /PRNewswire/ -- The global menopause market size is expected to reach USD 24.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.29% from 2022 to 2030. Increasing awareness regarding menopause-associated health aspects, rising prevalence of post-menopausal syndrome, and high adoption of women's health apps are expected to boost market growth during the forecast period.

Key Industry Insights & Findings from the report:

The dietary supplements treatment segment dominated the market in terms of revenue share in 2021 and is expected to witness the fastest growth during the forecast period. The factors contributing to segment growth are the rising geriatric population and the launch of innovative products. For instance, Pulmuone, a South-Korea based dietary supplement firm, launched a product containing soybean and hop extracts for the treatment of menopause-related symptoms.
The OTC pharma products treatment segment is divided into hormonal and non-hormonal products. Over-the-Counter (OTC) hormone preparations are becoming more common for use by women undergoing menopause. Some of the major products in the segment include Dehydroepiandrosterone (DHEA), ibuprofen, topical progesterone, and melatonin.
North America held the largest revenue share in 2021 due to factors such as the growing prevalence of menopausal symptoms. Moreover, an increase in awareness about dietary requirements is leading to a greater demand among older women.
Latin America is expected to register the fastest growth rate during the forecast period owing to factors such as rising awareness about women's health and growing adoption of dietary supplements for menopausal symptoms.
In January 2022, Amyris entered into a definitive agreement for the acquisition of the MenoLabs LLC assets. MenoLabs is dedicated to providing products to improve menopause-related health issues.

Read 100-page full market research report for more Insights, "Menopause Market Size, Share & Trends Analysis Report By Treatment (Dietary Supplements, OTC Pharma Products), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Menopause Market Growth & Trends

Key players in the region are conducting campaigns to create awareness about women's health and the role of dietary supplements in easing the transition through it. For instance, in October 2021, Klassen, a reproductive mental health specialist, started the campaign, Let's Talk Menopause, to make women aware of menopausal symptoms and treatment. The campaign started in 200 subway stations in New York and is its first-of-kind campaign in the U.S.

Rising research supporting the benefits of the dietary supplements than the HRT is projected to drive the market. There are various dietary supplements available in the market containing ingredients such as soy isoflavones, black cohosh, red clover, and amberen. Manufacturers are involved in the launch of new products for managing menopausal symptoms. For instance, in December 2021, Doctor's Seaweed's Weed and Wonderful, a U.K.-based food startup, launched seaweed-based supplements for menopause, which are organic and contain nutrients such as iodine and isoflavones.

The pandemic slowed down the market growth as the focus of pharmaceutical companies shifted towards the production of drugs and immune supplements for COVID-19. However, the demand for OTC pharma products and dietary supplements increased during the later phase of 2020 because of the postponement of hormonal replacement therapies, delays in physician's appointments, and the easy availability of OTC drugs from online channels and retail pharmacies. The market is now stabilizing owing to the ease in the restrictions and the rising awareness regarding menopausal manifestation.

Menopause Market Segmentation

Grand View Research has segmented the global menopause market based on treatment and region:

Menopause Market - Treatment Outlook (Revenue, USD Million, 2017 - 2030)

Dietary Supplements
OTC Pharma Products

Hormonal
Non-hormonal

Menopause Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
Austria

Asia Pacific

Japan
China
India
South Korea

Latin America

Brazil
Mexico

Middle East & Africa (MEA)

South Africa

List of Key Players of the Menopause Market

Bayer AG
Theramex
AbbVie, Inc.
Abbott
Pure Encapsulations, LLC
Dr. Reddy's Laboratories Ltd.
Rainbow Light
PADAGIS LLC

Check out more related studies published by Grand View Research:

Women's Health Market - The global women's health market size is expected to reach USD 58.24 billion by 2030, registering a CAGR of 4.8% over the forecast period, according to a new report by Grand View Research, Inc. The introduction of innovative novel products and the presence of a strong pipeline of women's health products are prime factors driving the market growth.
Hormonal Contraceptive Market - The global hormonal contraceptive market size is expected to reach USD 24.2 billion by 2030, based on a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.29% during the forecast period. The introduction of innovative products and growing awareness about reproductive & sexual health in emerging regions are likely to drive the growth.
Feminine Hygiene Products - The global feminine hygiene product market size is anticipated to reach USD 33.78 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 6.5% over the forecast period. The growth is catapulted by the rise in disposable income, awareness among women regarding the available solutions, and commercialization of innovative and eco-friendly products.

Browse through Grand View Research's Medical Devices Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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