Market revenue in 2022 | USD 45.9 million |
Market revenue in 2030 | USD 66.9 million |
Growth rate | 4.8% (CAGR from 2022 to 2030) |
Largest segment | Dietary supplements |
Fastest growing segment | Dietary Supplements |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | OTC pharma products, Dietary Supplements |
Key market players worldwide | Bayer AG, AbbVie Inc, Abbott Laboratories, Nestle SA, Dr Reddy's Laboratories Ltd ADR, Theramex, Rainbow Light Nutritional Systems, Padagis |
Dietary supplements was the largest segment with a revenue share of 94.12% in 2022. Horizon Databook has segmented the Austria menopause market based on otc pharma products, dietary supplements covering the revenue growth of each sub-segment from 2018 to 2030.
Considering the adverse effects of HRT, medical practitioners in the country are recommending the use of natural supplements for menopause symptoms. For instance, practitioners at Park Igls, a health center in Austria, recommend natural remedies such as red clover supplements (available over the counter) for perimenopausal symptoms and black cohosh for menopausal symptoms. The increasing emphasis on natural remedies for menopause instead of HRT, in turn, can increase the demand for dietary supplements.
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