(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Menopause treatment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Menopause treatment Market products.
Kenneth Research has recently added a report titled Menopause treatment Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Menopause is termed as the stage of the end of the fertile phase in women which generally occurs at the age of 40 in almost 85% of women. Menopause results in reduced estrogen production and increased gonadotropin, resulting in the cessation of their menstrual cycle and menstrual flow. These physiological changes result in vasomotor symptoms. Vasomotor symptoms are transition between two phases which are peri-menopause and menopause. The major symptoms associated with menopause are as follows.
Hot flashes – Hot flash is the most frequent symptoms of menopause which causes feeling of intensity of heat and excessive sweating.Formication – Formication in an abnormal skin sensation, itchiness, tingling or burning on the skin and other.Migraine – Migraine is intense headache which can last from few hours up to many days generally affecting one side of the head. Migraine is a direct effect of hormonal fluctuations of menstrual cycle.
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Psychological symptoms associated with menopause are fatigue, anxiety, irritability, mood swings, insomnia etc. Other symptoms of menopause are dysfunctional uterine bleeding, disturbed sleep pattern and others.The market drivers for global menopause treatment market are rise in population, increasing awareness regarding women health, development of healthcare and gynaecology centres, and development in drugs especially the advancements in hormonal drugs etc. The market restraints are the complications of drug treatment such as osteoporosis, bleeding, high cost of treatment, etc.
The global menopause treatment market has been segmented on the basis of hormonal treatment, non-hormonal treatment and end user.Based on the hormonal treatment, the market has been segmented as estrogen, progesterone, combination of the two and other.Based on the non-hormonal treatment, the market has been segmented as anti-depressants, anti-anxiety, anti-migraine and others.Based on the end user, the market has been segmented as hospitals & clinics, academic and research, and others.
The Americas account for a significant market share owing to high expenditure on the healthcare. Additionally, the fastest uptake of new products in the US drives the menopause treatment market. Furthermore, concentration of the major healthcare companies in the developed countries of this region coupled with large insurance penetration is adding fuel to the market growth. Moreover, the US expend high amount on its healthcare, which accounts for 16% of total GDP, that also increases the sale in menopause treatment market.
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Europe is the second largest market in the world due to high income and strong healthcare penetration. The European market growth is led by countries such as Germany and France. The UK is expected to be the fastest growing market over the assessment period. The strong pharmaceutical industry in Germany is a strong driver behind the dominance of this country in Europe.
Asia Pacific region is expected to grow rapidly; China and India are likely to lead this market due to fast growing healthcare sector and large unmet needs over the forecast period. South East Asian countries such as China, India, and Malaysia are projected to contribute highly to the market growth. The growing penetration of healthcare insurance in the Asia Pacific region is expected to drive the future menopause treatment market in the region.
Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East & African market. Other Middle East nations to watch out for are Kuwait, Jordan, Egypt and Iran. The African region is expected to witness a moderate growth owing to poor economic and political conditions, and poor healthcare development.
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Key Players in the Global Menopause treatment Market
Some of the key players profiled in the report are Merck & Co., Inc., Novartis AG, Novo Nordisk A/S, Pfizer, Inc., Allergan plc, Emcure Pharmaceuticals Ltd., Eli Lilly and Company, Cipla Inc., Teva Pharmaceutical Industries Ltd., and others.
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