Menopause Wellness Market
Menopause Wellness Market Study by Black Cohosh Root Extract, Calcium Supplements, DHEA Supplements, Dong Quai Extract, Flaxseeds/Oil, Ginseng, Phytoestrogen Supplements, and Others from 2023 to 2033
Analysis of Menopause Wellness Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Menopause Wellness Market Outlook (2023 to 2033)
The global menopause wellness market is forecasted to soar at a high-value CAGR of 10.3% and touch a valuation of US$ 32.87 billion by the end of 2033, up from US$ 12.33 billion in 2023.
Menopause is becoming more widely accepted as a normal stage of aging, and stigmatizing women who are going through this transition is disappearing. This has increased awareness of menopause and the desire to discuss it, as well as the demand for products and services that can assist women in managing their symptoms and enhancing their overall quality of life.
During the transition phase of menopause, women experience various symptoms such as hot flashes, night sweats, and musculoskeletal pain and consume several supplements to get rid of these problems. The development of herbal and plant-based treatments for menopausal symptoms has received attention. Furthermore, growing technology and product advancements have attracted investors and new players to the latent opportunities; investments have increased in the fem-tech industry.
Menopause wellness products have been recommended to patients based on their primary functions. Use of menopause wellness products for enhancing bone health is estimated to rise at an impressive CAGR of 10.5% through 2033.
A big potential for companies in the menopausal wellness sector is the rising desire for individualized care and treatment choices. Each woman's experience of menopause is unique and complex, with a variety of symptoms and difficulties. It is becoming more understood that individualized treatment is essential for successfully managing menopausal symptoms.
Increasing prevalence of post-menopausal syndrome, increased awareness of menopause-related health issues, and widespread acceptance of women's health apps are anticipated to drive market expansion over the coming years. A rise in initiatives by top market players to raise awareness about women's health and the benefits of nutritional supplements is driving market growth.
- In October 2021, Klassen, an expert in reproductive mental health, launched the Let's Talk Menopause initiative to educate women on menopause symptoms and care.
Report Attributes | Details |
---|---|
Menopause Wellness Market Size (2023) |
US$ 12.33 Billion |
Forecasted Market Value (2033) |
US$ 32.87 Billion |
Global Market Growth Rate (2023 to 2033) |
10.3% CAGR |
Japan Market Growth Rate (2023 to 2033) |
9.8% CAGR |
Germany Market Growth Rate (2023 to 2033) |
9.1% CAGR |
China Market Size (2023) |
US$ 2.07 Billion |
United States Market Growth Rate (2023 to 2033) |
10.4% CAGR |
Key Companies Profiled |
|
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Why are More Women Resorting to Menopause Wellness Products?
“Growing Preference for Natural Treatments by Women Undergoing Menopause”
Menopausal women are searching for safer, more natural options as they become more aware of the possible negative consequences of conventional hormone replacement therapy (HRT). Black cohosh and red clover are two popular natural and herbal treatments for menopausal symptoms since they greatly reduce night sweats and hot flashes.
Numerous businesses in the menopausal wellness sector are developing all-natural and herbal remedies. As more women look for natural remedies for menopause-related issues, it is projected that this trend will continue over the coming years. New treatments for treating menopausal symptoms are introduced with the assistance of manufacturers. The introduction of novel products is influencing market growth.
- The South Korean company Pulmuone, which produces nutritional supplements, recently introduced a product incorporating soybean and hop extracts to alleviate menopause-related symptoms.
“Rapid Innovations in Menopause Treatment Solutions”
The menopause wellness sector has benefited from several technological innovations, including the development of personalized health solutions for menopausal women utilizing digital platforms and artificial intelligence (AI). Availability of telemedicine consultations and mobile applications that offer symptom tracking and management tools has also made it easier for women to obtain information and healthcare services related to menopause.
Telemedicine and virtual healthcare are on the rise, giving menopausal-symptomatic women easy access to medical specialists and wellness initiatives. New and inventive solutions that can successfully treat menopausal symptoms have been created as a result of recent advances in technology.
- Divigel, a topical estradiol gel from Novartis, relieves hot flashes and dryness of the vagina.
- The licensed medication Duavee from Pfizer helps treat hot flashes and vaginal dryness in postmenopausal women with an intact uterus.
What Can Adversely Affect the Sales of Menopause Wellness Products?
“Side-effects Associated with Hormone Replacement Therapy and Stringent Regulatory Clearances”
The market is constrained by stringent regulatory clearances. Due to the safety and effectiveness profiles of the medications, the approval procedure is fairly lengthy and stringent.
A major issue limiting market growth is the risk related to hormone replacement therapy. HRT is a method of treating aging and menopausal symptoms by administering hormones, often estrogen and progestin.
Especially for women who are already at high risk, prolonged use of HRT can raise the risk of heart disease and breast cancer. It is crucial to keep in mind that the possible hazards of HRT can vary depending on the hormones used, the dosage, and the medical background of the individual.
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What Initiatives are Start-ups Adopting to Enhance Their Profit Margins?
“New Market Entrant’s Growing Focus on Wearable Devices to Track & Alleviate Menopausal Symptoms”
Emerging market players plan to increase their geographical reach, diversify their product offerings, and invest in R&D to create innovative products. New companies are focusing on offering wearable devices that track and alleviate menopausal symptoms, including mood swings, sleep problems, and hot flashes.
- Thermaband, a health tech start-up based in the United States, offers thermal comfort through a temperature-regulating bracelet and a linked companion app with digital insights about the health of women going through menopause. Thermaband is the producer of the Thermaband Zone, a smart wearable device, which employs temperature-regulating technology to provide comfort to women undergoing menopause. The Thermaband Zone App is a revolutionary tool that empowers more women and medical professionals to improve healthcare while gaining insights into menopause.
Country-wise Insights
What Makes the United States Lead the Menopause Wellness Market?
“Presence of Advanced Healthcare Infrastructure a Big Bonus”
The menopause wellness market in the United States is slated to reach US$ 7.27 billion by 2033. The market in the United States is driven by a rise in the population of menopausal women and the presence of major producers and suppliers of menopause wellness products.
Market expansion is fueled by factors including growing awareness of the advantages of menopause wellness products and the increasing prevalence of menopause-related health issues. Growing demand for natural and herbal products, presence of advanced healthcare infrastructure, and rapid expansion of the pharmaceutical industry are boosting market growth.
Why is Germany a Prominent Market for Menopause Wellness Products?
“Growing Government Funding for Menopause Wellness Research”
Use of menopause wellness products in Germany is valued at US$ 727.8 million in 2023.
The market in Germany is anticipated to expand at a rapid rate throughout the projection period due to the growing acceptance of dietary supplements for menopausal symptoms and increased awareness of women's health. Growing government funding for menopause wellness research is driving market growth.
Need for menopausal health goods is being fueled by the rise in menopause-related illnesses. The market is expanding significantly due to the wide variety of menopausal health products available through various distribution channels, including e-Commerce sites and pharmacies.
How is Demand for Menopause Wellness Products Shaping Up in China?
“Rise in R&D Activities to Create Effective Menopause Wellness Products”
Demand for menopause wellness products in China is set to surge at a substantial CAGR of 11% from 2023 to 2033.
Expanding healthcare facilities, high demand for women's health rehabilitation products, and a rise in R&D activities to create innovative and effective menopause wellness products and services are the elements supporting market expansion. A booming generic medicines industry, favorable government regulations, and growing initiatives by organizations to neutralize taboos around menopause and raise public awareness are also significant drivers.
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Competitive landscape highlights only certain players
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Category-wise Insights
Why is Demand for Black Cohosh Root Extract Gaining Traction?
“Extensive Use of Black Cohosh Root Extract to Correct Hormonal Balance”
By product, the market is segmented into black cohosh root extract, calcium supplements, DHEA supplements, dong quai extract, flaxseeds/oil, ginseng, phytoestrogen supplements, multivitamins, St. John's wort supplements, vitamin D, and wild yam root extract.
Demand for black cohosh root extract-based products has increased across all regions due to their several benefits. Black cohosh is a flowering plant that is also known as Actaea racemose and Cimicifuga racemosa.
Black cohosh root extract is widely used for hormonal balance in menopausal women. Black cohosh root extract is helpful in health conditions such as polycystic ovarian syndrome, fibroids, premenstrual syndrome (PMS), and premenstrual dysphoric disorder (PMDD).
Which Menopause Wellness Product Form Accounts for High Sales?
“Tablets Preferred Due to Their Remarkable Properties”
Menopause wellness products are available in several forms, such as caplets, capsules, liquid, and tablets. Demand for tablets is gaining traction due to their remarkable properties. Sales of tablets are anticipated to rise at a CAGR of 10.1% over the forecast period.
Tablets rapidly dissolve and blend into the bloodstream, delivering expedited symptom relief. Tablets hold higher drug absorption properties, which leads to higher demand across regions. Tablets provide many benefits, including convenience, dosing precision, and a lower risk of contamination.
Competitive Landscape
Key market players are focusing on launching novel products with specific symptom-relieving properties. They are concentrating on new developments, product standards, and supply chain management to enhance their presence in the market.
For instance :
- In 2020, DrFormulas launched a new supplement Nexabiotic, which helps support the immune system in the fight against cold and flu germs.
- In 2020, Natrol launched three drug-free energy products, Relaxia Ultimate Calm, Relaxia, Day Calm, and Relaxia Night Calm.
- DSM, the parent company of i-health, strategically partnered with Huami Corp. on wearable technologies and health tracking to improve personalized nutrition.
Key Segments of Menopause Wellness Industry Research
-
By Product :
- Black Cohosh Root Extract
- Calcium Supplements
- DHEA Supplements
- Dong Quai Extract
- Flaxseeds/Oil
- Ginseng
- Phytoestrogen Supplements
- Multivitamins
- St. John's Wort Supplements
- Vitamin D
- Wild Yam Root Extract
-
By Primary Function :
- Mood Swing Control/Hormonal Balance
- Hot Flashes & Night Sweat Relieving
- Bone Health
- Libido Support
-
By Form :
- Caplets
- Capsules
- Liquid
- Tablets
-
By Sales Channel :
- Direct Sales
- Supermarkets & Hypermarkets
- Pharmacies & Drugstores
- Wellness Specialists
- Company Online Channels
- Third-party Online Channels
- Practitioner Channels
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- FAQs -
What is the size of the menopause wellness market at present?
The global menopause wellness market stands at a value of US$ 12.33 billion in 2023.
What is the demand outlook for menopause wellness products by 2033?
Demand for menopause wellness products is set to reach a valuation of US$ 32.87 billion by 2033.
What is the projected growth rate of the global market from 2023 to 2033?
The market for menopause wellness is predicted to advance at a CAGR of 10.3% through 2033.
What is the projected valuation of the market in Japan?
The market in Japan is projected to reach US$ 2.66 billion by 2033.
At what rate is the market in India projected to expand?
The market in India is set to evolve rapidly at a CAGR of 10.7% from 2023 to 2033.