01
The oestrogen/testosterone ratio shifts
Oestrogen falls by up to 90% in menopause, while testosterone only halves. She is left in a relative functional androgen dominance – not because testosterone has risen.
Ratio shift – perimenopause
Women's endocrinology – Nord-HRT-F – clinical longevity
Between the ages of 20 and 50, women's bioactive testosterone halves, while oestrogen falls sharply in perimenopause. Here is what research shows about hormones and symptoms in women, and what it does not show.
-50%
Free testosteronefrom age 20 to 45
MRS
Validatedsymptom questionnaire
ISO 15189
Gold standardLC-MS/MS analysis

Sex hormones affect bone, muscle and the brain throughout life.
Biochemistry by age – Davison et al. 2005
Measured values from 1,423 healthy women. Testosterone falls with age, and low values after menopause are common. A low value alone is not a diagnosis.
| Biomarker | 10th centile | Median | 90th centile | Young reference (18-24) |
|---|---|---|---|---|
| Total testosterone | 0.2 – 0.4 nmol/L | 0.55 – 0.8 nmol/L | 1.1 – 1.4 nmol/L | 1.55 – 2.47 nmol/L |
| Free testosterone | 3 – 5 pmol/L | 8 – 12 pmol/L | 17 – 24 pmol/L | 20 – 39 pmol/L |
28-39 pmol/L
Young reference
Typical values for women aged 18–24. A reference position, not a treatment target.
Reference
14-28 pmol/L
Upper premenopausal
Upper part of the usual premenopausal range. A reference position, not a treatment target.
Reference range
9-14 pmol/L
Median (ages 40-60)
Typical midlife value. Some women report symptoms in this range, others do not.
Midlife median
5-9 pmol/L
Low range
Low values are common here. Symptoms such as low sexual desire need a clinical assessment.
Assess if symptoms
< 5 pmol/L
Very low
Often seen after removal of both ovaries or in late postmenopause.
Very low
Mechanistic endocrinology
Why do women with low measured testosterone often still have androgen-related complaints? The explanation is physiological ratios, local conversion and metabolic dysfunction – not a true surplus of testosterone.
01
Oestrogen falls by up to 90% in menopause, while testosterone only halves. She is left in a relative functional androgen dominance – not because testosterone has risen.
Ratio shift – perimenopause
02
Insulin resistance upregulates 5-alpha-reductase. The limited testosterone is converted locally in the hair follicle to DHT, which triggers crown hair loss and chin hair.
Enzymatic conversion
03
Xenoestrogens, BPA and phthalates raise SHBG. That binds the remaining testosterone, so free hormone falls, while the total result can still look normal.
Binding and environment
04
Papa (1967) showed that topical testosterone thickened atrophic skin. The receptors sit in the tissue – a blood level and a local effect are not the same number.
Tissue and receptors
Clinical model
Oestrogen, progesterone and testosterone affect each other. Oestrogen without progesterone thickens the endometrium when the uterus is intact. That is why the values are measured together and assessed as a whole by a physician.
Pillar 01
Follicular, typically 70-220 pmol/L
Affects hot flushes, genital tissue, bone turnover and sleep.
Primarily: bone, thermoregulation, CNS
Pillar 02
Free, typically 8-25 pmol/L before 40
Linked to sexual desire and studied for muscle and mood. It often falls years before menopause and is rarely measured.
Primarily: muscle, motivation, desire
Pillar 03
Luteal, while a cycle remains
Sleep via GABA/allopregnanolone and endometrial balance. Not a scaled male TRT protocol.
Primarily: sleep, endometrium, GABA
Method A — cyclical / sequential
For a woman who still menstruates or is perimenopausal. The natural cycle is imitated.
Method B — continuous
After menopause, when bleeds are no longer wanted and the hormones are kept flat and stable.
Reference values · context, not treatment targets
A laboratory report compares a woman's result with women of the same age. Low oestrogen and testosterone after menopause are expected and are not a disease in themselves. Whether treatment makes sense depends on symptoms, medical history and risks, assessed by a physician. The values below are published reference data, shown for orientation.
Roughly 18–35 years, published reference data
Varies widely through the menstrual cycle
Median to 90th centile, women aged 18–24 (Davison et al. 2005)
Rises after ovulation and falls before menstruation
Affects how much hormone is free in the blood
Reference data describe a population. They are not a goal for an individual woman.
What is typically measured, and what treatment does not aim for
Expected after menopause. Symptoms, not the number, guide the treatment decision
If testosterone is used, the consensus statement says levels should stay within the premenopausal range
Needed with oestrogen if the uterus is intact
Based on symptoms, history and risks, not on a target number
Hormone therapy can relieve menopausal symptoms for many women, but the effect varies, and benefits and risks are weighed individually.
Oestrogen, progesterone and testosterone are absorbed and broken down differently. The product, form and dose are chosen by the prescribing physician and adjusted at follow-up on symptoms and blood tests.
| Typical form | Why it matters | |
|---|---|---|
| Oestrogen | Often a transdermal gel or patch | Transdermal forms avoid first-pass metabolism in the liver |
| Testosterone | Only where indicated, in doses intended for women | Women's doses are far lower than men's, and levels are checked with blood tests |
| Progesterone | Micronised progesterone or another progestogen | Required with oestrogen when the uterus is intact |
If a woman still has her uterus and uses oestrogen, she also needs progesterone or another progestogen. Oestrogen makes the endometrium grow, and without a progestogen the risk of endometrial hyperplasia and cancer rises. Micronised progesterone is a commonly used option. The choice of product, including the different risk profiles, is made together with the physician.
In the brain, progesterone is converted to allopregnanolone, which acts on GABA receptors. Some women report better sleep when progesterone is taken in the evening, but the effect varies, and it is not a sleep treatment in itself.
The consensus statement this rests on
The Global Consensus Position Statement on the Use of Testosterone Therapy for Women concludes that testosterone therapy, in doses that approximate physiological premenopausal testosterone concentrations, is effective for postmenopausal women with hypoactive sexual desire dysfunction, and that blood testosterone concentrations should not exceed the physiological range for premenopausal women.
Two points follow. First, the statement's only evidence-based indication for testosterone in women is hypoactive sexual desire dysfunction after menopause. Other effects that are sometimes described, such as on energy, mood, muscle or cognition, are not established indications. Second, blood levels should not exceed the premenopausal physiological range.
Source: Global Consensus Position Statement on the Use of Testosterone Therapy for Women (Davis et al., 2019) — published simultaneously in Climacteric, The Journal of Clinical Endocrinology & Metabolism, Maturitas and others, and endorsed by the International Menopause Society, the Endocrine Society, the European Menopause and Andropause Society and further international societies.
Clinical consequence: Assess symptoms and follow blood values. Levels above the premenopausal range are not recommended.
Abraham Morgentaler, a urologist at Harvard Medical School and one of the leading international researchers on testosterone, reviews the research and the international debate discussed at an expert panel of the US Food and Drug Administration (FDA), including the question of testosterone and prostate cancer.
The views in the video are the speakers' own and are not a treatment recommendation. The video loads only when you press play.
Next step
Eleven validated questions, three minutes, anonymous. You will see your symptom burden across the physical, psychological and urogenital domains. The result is not a diagnosis.