Every day, around 6,000 women in the United States reach the age of 51, marking the center of their menopause journey. This demographic presents a significant opportunity for entrepreneurs as there is currently a lack of products and services catering specifically to menopausal and post-menopausal women. In fact, nearly half of all women confess to being unprepared for this stage of life, relying on limited sources such as doctors, internet searches, friends, and relatives for information. Coupled with the high prevalence of menopausal symptoms such as hot flashes, trouble sleeping, fatigue, night sweats, and weight gain, this market is ripe for innovative solutions.
Alicia Jackson, CEO and Founder of Evernow, a company offering personalized menopause care, highlights that delaying menopause may lead to an increase in lifespan. This is because menopause has been associated with certain diseases that can shorten women's lives. Similarly, Daisy Robinton, CEO and Founder of Oviva Therapeutics, focuses on extending female healthspan by controlling the loss rate of ovarian reserves to postpone menopause and its accompanying symptoms. These initiatives aim to not only alleviate menopause-related issues but also improve overall well-being and potentially increase longevity.
Despite the immense potential of this market, menopause treatments and care are greatly under-researched and undervalued. Medical professionals often receive minimal training in this area, leaving women without adequate guidance and support. Additionally, the lack of employer assistance further compounds the challenges faced by menopausal women. Only a small percentage of respondents in a recent study reported receiving any form of support, including therapy, leave, or mentoring.
However, the tide is slowly turning as more women are seeking information about their own health and bodies. Discussions around menopause, once considered taboo, are gradually becoming more open, creating opportunities for businesses. Industry leaders, like Yanghee Paik, CEO and Co-founder of feminine products company Rael, predict that menopause will follow the same trajectory as clean beauty, with products and services becoming integrated into everyday life. Nonetheless, breaking through barriers and overcoming the stigma associated with menopause remains a challenge, as some advertising platforms and publications have been hesitant to cover this topic.
As awareness grows, so does the potential for innovation. Startups, in particular, have a unique advantage in catering to the unmet needs of menopausal women. However, legacy companies can also tap into this market by openly addressing menopause-related issues and providing valuable solutions. The recent shift in societal attitudes towards women's rights and needs, exemplified by the MeToo movement, will undoubtedly shape the future of menopause products and services. The immense market size and the increasing number of women seeking support indicate that businesses are just scratching the surface of the potential that menopause holds as a commercial opportunity.
In conclusion, menopause represents an untapped market with a growing number of women looking for products, devices, services, and information to help navigate this stage of life. Entrepreneurs and established companies alike have the chance to cater to the needs of menopausal women and make a significant impact. With the right support, research, and innovative solutions, this market can provide substantial financial gains while improving the quality of life for women experiencing menopause.