Global Premenstrual Syndrome Treatment Market Size

Premenstrual Syndrome Treatment Market Analysis

The global premenstrual syndrome treatment market is expected to grow with an estimated CAGR of 3.7%, over the forecasts period.

Amid pandemic, limited transportation was created impediments for international trade and transportation. As a result, disrupted the supply of women's healthcare medicine and temporarily leading to falling in demand due to uncertainty in the global economy. Panicked buying of women's healthcare and hygienic product depleted the supply and thereby shortfall increased. Thus, COVID-19 has moderately impacted the premenstrual syndrome treatment market. According to the study conducted by the Cheng Organization in the year 2020, published in Menstrual Health Alliance of India (MHAI), there were 62% of respondents facing challenges to access women's healthcare products during covid-19. In 2020, MHAI estimated that in India 336 million women were menstruating of which 221 million women accessed menstrual healthcare products.

The factors that are driving the market growth include increasing awareness regarding the diagnosis and treatment of premenstrual syndrome, a higher number of the target population, a rise in demand for PMS drugs, and easy availability of drugs. Premenstrual syndrome affects almost three out of every four women at some point in their lives. According to a study published in the General Psychiatry Journal, in 2020, 90% of women of reproductive age experience a variety of premenstrual symptoms ranging from mild to severe. Premenstrual Syndrome affects 20-40% of all women. As a result, the demand for premenstrual syndrome treatment is increasing thereby boosting the overall market growth.

Furthermore, to raise knowledge of menstrual health among women, both government and non-government organizations have launched awareness campaigns. In 2018, in Japan, the 'LADY' program was launched by JOICFP, a Japanese non-governmental organization, the LADY program strives to achieve universal access to premenstrual and reproductive health services, rights, and information including maternal health and family planning for women and girls around the world. Similarly, the United States Department of Health and Human Services' Office of Women's Health (OWH) is involved in raising awareness by addressing women's health issues on menstruation, menstrual hygiene, premenstrual syndrome as well as its complication, and pregnancy.

In addition, campaigns from government and non-government organizations to elevate female health status and education support the market growth. For instance, according to the report published in the National Health Institute, 2020, the prevalence of PMS had been reported in 20 to 32% of premenopausal and 30-40% of the reproductive female population. According to an article published in 2019, in the Journal of Obstetrics and Gynaecology reported that 4 out of 10 women have premenstrual symptoms and 5-8% of them were severely affected by PMS. In addition, PMS was seen in France at the lowest rate (12%) and Iran at the highest rate (98%). PMS is also very common in every country and especially women in the young age group are reported to have a high rate (66%-91.8%) of PMS. Hence as the rate of PMS increases the demand for the treatment increases thus, drive the growth of the market studied.

However, side-effects associated with therapies for premenstrual syndrome restraint the market growth.