The PMS and Menstrual Health Supplements Market is being driven by Growing awareness and education regarding womens health issues and menstruation
The PMS and Menstrual Health Supplements Market is expected to grow at a CAGR of 4.36% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5.7 billion. The PMS and menstrual health supplements market is experiencing a significant shift due to technological advancements enabling personalized supplement regimens. Through data-driven analysis, AI algorithms, and wearable technology, customers receive customized recommendations for vitamins, minerals, and herbs tailored to specific menstrual symptoms or health concerns. This trend prioritizes precision health, providing women with specialized solutions that cater to their unique physiological needs and menstrual health requirements. For instance, a mobile application may utilize a user's menstrual cycle data to suggest an individualized blend of supplements to alleviate particular PMS symptoms. This dedication to personalized solutions strengthens the industry's commitment to addressing the diverse needs of women in managing their menstrual health.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
150 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2024-2028 |
USD 5.7 billion |
Market structure |
concentration |
YoY growth 2023-2024(%) |
4.11 |
Key countries |
US, China, Japan, Germany, UK, South Korea, India, France, Brazil, UAE, US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The market for menstrual health solutions encompasses period tracking apps and menstrual cycle calendars, hormonal health supplements and PMS relief tablets, as well as natural and herbal remedies. Menstrual cycle awareness and education are key, along with hygiene products like menstrual cups, reusable pads, and period underwear. Irregularities and disorders of the menstrual cycle call for effective management through these tools, as well as innovation in women's health apps, fertility tracking, and research. Bioavailability of supplements is crucial, with advocacy and continued research driving progress in menstrual health.
The pharmaceuticals market encompasses businesses involved in the research and development or production of various drug categories, including generic and non-generic medications, as well as veterinary drugs. According to Technavio, the global pharmaceuticals market size is determined by the collective revenue generated by manufacturers and providers of medical equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. Factors driving market growth include an aging population, with the global population over 60 years projected to reach nearly one-quarter by 2050 in the US and Europe by 2030. This demographic shift will increase demand for medications addressing age-related health concerns, including menstrual cycle management and menstrual health supplements to alleviate symptoms of premenstrual syndrome (PMS) and hormonal imbalance, as well as menstrual cramps and period tracking solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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