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Jan, 23 2023

Government Raises Awareness to Improve Health, Reduce Costs, and Increase Safety in the Treatment of Menopause Symptoms

Argentina has one of the largest elderly populations in Latin America. Argentina's ageing population will result in higher fertility and mortality rates. The shift increases the demand for long-term care for the elderly, particularly those who require assistance with activities of daily living. Menopause had begun in women aged 47 in Argentina. According to data from the American Development Bank, 15.7% of women in Argentina were over the age of 50 in 2020. Hormone therapy (HT) is one of the government's initiatives for treating menopausal symptoms. Government initiatives are statements or programmes that are required to solve a problem. The government raises awareness or implements initiatives to improve health, reduce costs, and increase safety in treating menopause symptoms.

For instance,

The Women's Health Initiative (WHI) hormone therapy (HT) is an Argentine government organization that assesses the benefits and risks of HT used for chronic disease prevention by mostly healthy postmenopausal women.

According to Data Bridge Market Research the menopause drugs market accounted for USD 35.65 million in 2021, and expected to reach USD 50.80 million by 2029. The market is expected to grow with a CAGR of 4.6% in the forecast period of 2022 to 2029.

“Rising Prevalence of Chronic Diseases to Facilitate Market Growth”

The rising prevalence of chronic diseases such as diabetes and obesity among women is also expected to drive growth in this market during the forecast period, owing to the increased risk of cardiovascular disease among these patients, which can be managed with hormone replacement therapy (HRT). 5) Rising incidence rates of breast cancer and osteoporosis are also expected to drive demand for HRTs during the forecast period.

What restraints the growth of Menopause Drugs Market?

“Lack of knowledge about menopause”

The lack of knowledge about menopause in some developing countries is expected to slow market growth. On the other hand, the patent expiration of many companies and the introduction of generic drugs of branded versions both impede market growth.

Segmentation: Menopause Drugs Market

The menopause drugs market is segmented on the basis of stages, type, menopause symptoms, dosage forms, route of administration, end user and distribution channel. 

  • On the basis of stages, the Argentina menopause drugs market is segmented into postmenopause, perimenopause, and menopause.
  • On the basis of type, the Argentina menopause drugs market is segmented into non-hormonal therapy and hormonal therapy.
  • On the basis of menopause symptoms, the Argentina menopause drugs market is segmented into vasomotor symptoms, atrophic vaginitis, dyspareunia, osteoporosis, joint pain, depression, weight gain and others.
  • On the basis of dosage form, the Argentina menopause drugs market is segmented into tablet, cream, patch/film, rings, gel, injection shot, spray, and others.
  • On the basis of route of administration, the Argentina menopause drugs market is segmented into oral, parenteral, transdermal, vaginal, and others.
  • On the basis of end user, the Argentina menopause drugs market is segmented into hospitals, clinics, home healthcare, and others.
  • On the basis of distribution channel, the Argentina menopause drugs market is segmented into hospital pharmacy, retail pharmacy, and online pharmacy.

To know more about the study visit, https://www.databridgemarketresearch.com/reports/argentina-menopause-drugs-market

Recent Developments in Menopause Drugs Market

  • In 2020, Pfizer Inc. announced that the US Food and Drug Administration (FDA) had approved DUAVEETM (conjugated estrogens/bazedoxifene) 0.45mg / 20mg tablets, a novel therapy for women with uteri, for the treatment of moderate-to-severe vasomotor symptoms associated with menopause and the prevention of postmenopausal osteoporosis. This aided the company in expanding its product portfolio.
  • In 2021, Novartis AG announced an updated median overall survival (OS) kit for Kisqali (ribociclib) in postmenopausal women with hormone receptor positive, human epidermal growth factor receptor-2 negative (HR+/HER2-) metastatic breast cancer. Kisqali, in combination with fulvestrant, helped people with postmenstrual breast cancer. It aided the company in expanding its product portfolio.
  • In 2021, Laboratorios Bagó received ISO 14001 certification for environmental management at the La Plata Plant and Berisso Depot, assuming an active role in terms of sustainability under international parameters. This certification aided the company in gaining visibility and recognition.

The Prominent Key Players Operating in the Menopause Drugs Market Include:

  • Laboratorios Bagó S.A. (Argentina)
  • Química Montpellier S.A. (Argentina)
  • GADOR S.A. (Argentina)
  • Laboratorio Elea Phoenix S.A. (Argentina)
  • ROEMMERS SAICF (Argentina)
  • ACHÉ LABORATÓRIOS FARMACÊUTICOS S.A. (Brazil)
  • Abbott (U.S.)
  • GSK plc (U.K.)
  • TEMIS LOSTALO (Argentina)
  • Novartis AG (Switzerland)
  • Novo Nordisk A/S (Denmark)
  • Pfizer Inc. (U.S.)
  • AbbVie Inc. (U.S.)
  • Teva Pharmaceutical Industries Ltd. (Israel)
  • Bayer AG (Germany)

Above are the key players covered in the report, to know about more and exhaustive list of menopause drugs    market companies contact, https://www.databridgemarketresearch.com/contact

Research Methodology: Argentina Menopause Drugs Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.


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