“Global Menopause Wellness Market: Growth, Outlook, and Competitive Analysis, 2018 – 2030” is the most recent market study released by Credence Research, Inc. The global menopause wellness market had revenue of about USD 15.9 billion in 2022, and it is predicted that it will increase at a CAGR of more than 5.9% from 2018 to 2030, reaching about USD 23.75 billion.
Market Overview
The menopause wellness market includes products and services targeted at improving the physical and emotional well-being of menopausal women. Menopause is a natural biological process that occurs as women age, resulting in decreased estrogen production and various physical and mental symptoms. The growing awareness of the importance of menopause wellness, as well as the growing number of women undergoing menopause, are key drivers of market expansion. According to the North American Menopause Society, around 6,000 women in the United States approach menopause every day, with roughly 2 million women reaching menopause each year. The increased prevalence of vasomotor and menopausal symptoms, such as night sweats and hot flashes, among women throughout menopause is expected to drive market growth. Menopause is also associated with mood swings, trouble concentrating, and sadness. Factors such as expanding female spending power, developing healthcare infrastructure, and increasing consumer awareness propels market share. Market opportunities include developing novel and effective products and services that target the specific needs of menopausal women, as well as the market’s expansion into developing regions. However, the industry is also constrained by numerous factors, including the high cost of some menopause wellness items and the lack of insurance coverage for many of these products and services.
Company Profile
- Bayer AG
Bayer AG (Bayer) is a company that discovers, develops, manufactures, and sells goods for human health and agriculture. It sells drugs for cardiovascular illness, women’s health, cancer, hematology, ophthalmology, and other conditions. It also works to create novel chemicals and technologies for application in medicine and contemporary agriculture. Prescription medicines, specialized pharmaceuticals, diagnostic imaging equipment, non-prescription (over-the-counter or OTC) products, seeds, crop protection solutions, and non-agricultural pest control solutions comprise the company’s product line. Bayer primarily sells its healthcare and crop protection products to wholesalers, pharmacies, hospitals, and retailers. It has subsidiaries across Asia-Pacific, Europe, North America, Latin America, Africa, and the Middle East. The headquarters of Bayer are in Leverkusen, North Rhine-Westphalia, Germany.
- Theramex
Theramex is a London-based pharmaceutical firm specializing in women’s health goods such as contraception, fertility, menopause, and osteoporosis. It was founded in 2018 to acquire certain Teva Active Pharmaceutical Ingredients’ assets belonging to Theramex Laboratories, a pharmaceutical firm in Monaco. Theramex gained approval for the body-identical HRT, Bijuva, in September 2021. It will help with estrogen insufficiency in postmenopausal women.
- Abbvie Inc
AbbVie Inc (AbbVie) is a biopharmaceutical business that discovers, develops, manufactures, and commercializes pharmaceuticals for treating chronic and complicated diseases. Its drugs treat metabolic diseases, rheumatological diseases, neurological disorders, skin diseases, rheumatoid arthritis complications, endometriosis pain, pediatric Crohn’s disease, various types of cancer, and other serious health conditions. AbbVie is also moving forward with pipeline programs for Crohn’s disease, Parkinson’s disease, viral illnesses, wet AMD, different malignancies, neurological disorders, aesthetics, and other autoimmune diseases. The company markets its products directly to wholesalers, distributors, healthcare facilities, government agencies, specialty pharmacies, and independent retailers through its distribution centers and public warehouses worldwide. AbbVie’s headquarters are in North Chicago, Illinois, in the United States.
- Abbott
Abbott Laboratories (Abbott) develops, manufactures, and distributes a wide range of healthcare products, including branded generic medications, diagnostic systems and tests, and pediatric and adult nutritional items. Heart failure, rhythm management, electrophysiology, vascular & structural heart devices, and neuromodulation devices are also available from the firm. The company also sells minerals, nutrition, and dietary supplements. It has R&D facilities in the United States, China, Colombia, India, Singapore, Spain, and the United Kingdom and production sites worldwide. Latin America, North America, the Middle East, Europe, Asia-Pacific, and Africa are all markets for the company’s products. Abbott’s headquarters are in Abbott Park, Illinois, in the United States.
- Pure Encapsulations LLC
Pure Encapsulations LLC is a market leader in menopause wellness products. The company was established in 1991 and is headquartered in Sudbury, Massachusetts, USA. The corporation provides a comprehensive selection of women’s health supplements, including menopause wellness items. Pure Encapsulations LLC has a significant geographic footprint in North America and has expanded its activities internationally. In March 2022, Pure Encapsulations LLC introduced a new menopause wellness product line. Supplements designed to assist women’s health throughout menopause, such as hormone-balancing formulations, bone support, and cognitive support, are part of the product range. The company has also invested in research and development to bring innovative goods to market and suit the evolving needs of menopausal women.
- Dr. Reddy’s Laboratories Ltd
Dr. Reddy’s Laboratories Ltd. (Dr. Reddy’s) is a pharmaceutical firm that develops and sells generic formulations, active pharmaceutical ingredients (APIs), biosimilars, and proprietary pharmaceuticals. The corporation’s generic medications are approved for treating gastrointestinal disorders, several forms of cancer, cardiovascular illnesses, pain, central nervous system disorders, infectious diseases, and pediatric diseases. The company also creates and sells generic biosimilars. Its pipeline includes New Chemical Entities (NCEs) to treat metabolic diseases, bacterial infections, pain, and inflammation. The corporation sells its products throughout the United States, Europe, Latin America, and Asia. The headquarters of Dr. Reddy’s are in Hyderabad, Telangana, India.
- Rainbow Light
Rainbow Light is a company that specializes in health and wellness supplements. It was established in 1981 and is headquartered in Santa Cruz, California, USA. The company provides a comprehensive range of women’s health goods, including menopause supplements. Rainbow Light exists in several countries globally, including the United States, Canada, China, Japan, and Taiwan. In recent years, the company has concentrated on extending its product offerings and developing new formulations to satisfy the changing needs of its menopause health clients. Rainbow Light, for example, debuted its Menopause One supplement in 2020, which is intended to support women’s hormonal balance throughout menopause.
- KaNDy Therapeutics Ltd
KaNDy Therapeutics Ltd, based in the United Kingdom, is a clinical-stage biotech firm focused on identifying and developing new medicines for prevalent, underserved women’s health concerns. The firm was created in 2017 to develop a new class of non-hormonal drugs to treat debilitating symptoms associated with the menopause transition, such as hot flashes, night sweats, and sleep difficulties. The lead product candidate for KaNDy, NT-814, is an oral, once-daily, first-in-class neurokinin-1,3 receptor antagonist with the potential to revolutionize the treatment of menopause symptoms. KaNDy Therapeutics is conducting Phase 2b clinical trials for NT-814 as of April 2023 and has immediate plans to start Phase 3 trials.
- Metagenics Inc
Metagenics is a global lifestyle medicine company that provides a comprehensive selection of science-based nutritional supplements, medical foods, and lifestyle programs to help people age well and improve their overall health and well-being. The company provides a specialized range of goods for women’s health, including the menopause transition, with formulas to relieve symptoms like hot flashes, night sweats, and sleep difficulties. Metagenics Inc is based in California, USA, and has North America, Europe, and Asia-Pacific offices. Metagenics introduced its new line of menopause support pills in November 2021, blending botanicals and other important minerals to promote hormonal balance and alleviate typical symptoms. MenoComplete, MenoRelax, and MenoPlex are among the products in the series, each designed to target a distinct component of menopause wellness.
Browse Full Report – Global Menopause Wellness Market By Primary Function (Mood Swing Control/Hormonal Balance, Hot Flash Night Sweat Relieving, Bone Health, and Libido Support), By Form (Caplets, Capsules, Liquid, and Tablets) Growth, Future Prospects & Competitive Analysis, 2016 – 2030
