Menstrual Cramps Treatment is Estimated to Witness High Growth Owing to Opportunity in Prescription Drugs and Home Healthcare

Pharmaceuticals
Sachin CMI's picture

Menstrual cramps treatment involves pain management and discomfort associated with periods. Menstruation is a natural and essential body function in women. However, painful cramps, lower back pain, bloating and mood swings are some common symptoms experienced during periods. Nonsteroidal anti-inflammatory drugs (NSAIDs), oral contraceptive pills and heating pads are commonly used to get relief from menstrual cramps. Prescription drugs like Naproxen Sodium and Ibuprofen are also available for severe cramps. The global Menstrual Cramps Treatment Market is estimated to be valued at US$ 652.03 Mn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:
Growth in the prescription drugs and home healthcare segment is expected to drive the menstrual cramps treatment market. Due to increased awareness about women healthcare and availability of new drugs, many women are opting for prescription drugs and medical treatments for severe periods pain instead of relying on over-the-counter medicines. This provides scope for biotech companies to invest in R&D and develop innovative drugs specifically targeting menstrual cramps. Moreover, home healthcare devices like heating pads and TENS devices offer convenience and comfort of use at home without medical assistance. Rise in e-pharmacies is also increasing access to prescription drugs for menstrual cramps in remote locations. The market is expected to witness lucrative opportunities in prescription drugs and home healthcare deliverables over the forecast period.

Porter's Analysis
Threat of new entrants: The established players in the menstrual cramps treatment market have strong brand name and recognition which acts as a barrier for new entrants. Also, high development and manufacturing costs associated with these treatment products pose a challenge for new players.
Bargaining power of buyers: There exists a large patient pool suffering from menstrual cramps worldwide. However, the bargaining power of individual buyers is weak due to inelastic demand for these treatment products.
Bargaining power of suppliers: Majority of raw material suppliers belong to the pharmaceutical industry which limits opportunities of vertical integration for manufacturers.
Threat of new substitutes: Researchers are continuously working on developing new treatment alternatives like alternative medicines which can increase the threat of substitutes.
Competitive rivalry: The global menstrual cramps treatment market is highly competitive owing to presence of numerous global and regional players.

SWOT Analysis
Strength: Wide availability of over-the-counter pain relief medications; Growing awareness about various treatment options.
Weakness: Side effects associated with some treatment types; Lack of menstrual education and stigma in developing nations.
Opportunity: Development of novel drug therapies for severe cramps; Rising incidence of dysmenorrhea worldwide.
Threats: Strong regulations pertaining to new drug approvals; Price control measures by various governments.

Key Takeaways
The global menstrual cramps treatment market is expected to witness high growth over the forecast period driven by rising incidence of dysmenorrhea and increasing awareness.

Regional analysis: Asia Pacific is expected to be the fastest growing regional market during the forecast period attributed to large patient pool, increasing healthcare expenditures, growing awareness, and penetration of modern treatment products in major Asian countries including China and India.

Key players operating in the menstrual cramps treatment market are Stryker Corporation, SATELEC (Actongroup), Surgiform Innovative Surgical Products, Allergan (Abbvie), Luminera, Implantech, Koken, ANTHONY PRODUCTS INC., NOUVAG, Sihuan Pharmaceutical Holdings Group Ltd., and Other