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Can Testosterone Treat Menopause Depression?

It’s gaining traction as a fix for mood, anxiety, and low libido—but the reality is more complex than TikTok suggests.

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Testosterone replacement therapy (TRT) for women is gaining popularity as a way to address menopause symptoms like low sex drive, muscle loss, and mood swings. On TikTok, testosterone is often hyped as a miracle fix for anxiety and depression—but the reality is more complex.

While some women report mood improvements from taking testosterone, research on its role in mental health during menopause remains limited. Experts say it’s a delicate balance: low or high testosterone levels can disrupt mood and even contribute to depression.

Having a higher testosterone-to-estrogen ratio is linked to increased depressive symptoms (1). At the same time, low testosterone may also affect mood (2). What remains unclear is the exact threshold where testosterone levels start to influence mental health during menopause (3, 4).

The rising interest in testosterone for menopause depression and other mental health symptoms highlights its potential—but also its complexities.


About the Experts

  • Alyssa Dweck MS, M.D., FACOG, gynecologist and chief medical officer of Bonafide Health.
  • Mary Poffenroth, Ph.D., a neuro-hacking biopsychologist and author of “Brave New You: Strategies, Tools, and Neurohacks To Live More Courageously Every Day.”
  • Jane Mackay, a certified menopause health coach who is accredited by the International Practitioners of Holistic Medicine.
  • James R. Staheli, D.O., is the Medical Director for Broad Health, Hone Health’s affiliated medical practice, and a family medicine doctor specializing in men’s hormone health.

How Testosterone Shapes Women’s Mental Health

In women, testosterone levels play a key role in regulating mental health. Produced by the ovaries, the hormone helps with: 

  • Anxiety regulation (5)
  • Cognitive function (2)
  • Energy levels (2)
  • Libido (6)
  • Mood regulation (7)
  • Motivation (8)
  • Stress regulation (9)

Research shows testosterone has anti-anxiety and antidepressant effects for both men and women (5). But for women, the hormone’s impact on mental health is particularly nuanced, and scientists are still piecing together exactly how it all works (10).

For example, a 2021 analysis of existing studies found testosterone levels are significantly different in women with depression compared to those without. And here’s the kicker: the way testosterone influences mood appears to shift with menopausal status. 

The 2021 study found that: 

  • In premenopausal women, higher testosterone was linked to depression. 
  • In postmenopausal women, lower testosterone was associated with depression (10).

Does this data mean that testosterone is the culprit? Maybe. The researchers couldn’t say for sure, but the findings suggest that staying within your body’s ideal testosterone range—neither too high nor too low—might be crucial for mental health (10).

High testosterone has also been studied in women with polycystic ovary syndrome (PCOS). The condition increases androgen production—including testosterone—which may explain why women with PCOS have higher rates of depression. Still, more research is needed to fully understand this connection (11). 

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Testosterone and Mood During Menopause

Mood swings, anxiety, and worsening or new bouts of depression are common during menopause (12). Chalk up these emotional changes to higher activity in the amygdala, the part of the brain in charge of emotional processing, says Mary Poffenroth, Ph.D., a neuro-hacking biopsychologist and author of “Brave New You: Strategies, Tools, and Neurohacks To Live More Courageously Every Day” (13).

“The amygdala reacts more to emotional cues as estrogen levels change and drop,” says Poffenroth. “From a neurobiologically standpoint women often have notable emotional liability during perimenopause.”

During its reproductive years, your body maintains a delicate balance of estrogen to testosterone, through various mechanisms (14). But during perimenopause, this balance is disturbed (1).

“For women, especially those in menopause, the ratio of testosterone and estrogen is incredibly important,” Dweck says.

While declining or fluctuating levels of estrogen and progesterone are often the root cause of perimenopausal symptoms, low or high testosterone levels are also at play (15). Typically, women experience a 50 percent drop in testosterone production by the time they reach menopause (16).

Testosterone, depression, and anxiety

During perimenopause and menopause the risk of depression spikes, rising two to four times higher than before (17). Anxiety can also rise during the menopause transition (18). Research suggests these mental health changes could be tied to testosterone (19).

A 2021 study of 50 women between the ages of 45 and 55 who didn’t have depression found a higher testosterone-to-estrogen ratio was associated with higher depressive symptoms (1). While the study didn’t specifically explore anxiety, it was one of the depressive symptoms reported. 

As estrogen drops during menopause, the optimal ratio of testosterone to estrogen can shift, potentially leading to depression and anxiety. This is because our bodies have androgen receptors all over, including in the brain’s limbic system, which regulates emotions and anxiety (20).

Testosterone is directly related to both pituitary and adrenal function, which influences stress hormones like cortisol, Dweck says. When this balance is disrupted, “women may experience poor concentration or depression.”

Life stressors

Midlife often feels like a perfect storm of challenges. Stressors like raising kids, sending them off into the world, navigating relationship struggles, and caring for aging parents can pile up, making it harder to pinpoint if mood changes stem from life circumstances, or hormones like testosterone, says Dweck (21). 

Physical changes during perimenopause like muscle loss, fat gain, or low libido, can also take a toll on self-esteem and body image, contributing to depression and anxiety (22, 23).

Low Dose Testosterone for Depression in Menopause

Testosterone replacement therapy isn’t FDA-approved to treat mood disorders in women, but some physicians prescribe it off-label to help with anxiety and depression during menopause (24). It makes sense that testosterone is gaining attention as the next line of defense in treating depression during menopause, according to men’s hormone specialist James Staheli, D.O.

“Knowing the positive effects of testosterone on the brain and other areas leads clinicians to further evaluate the patient through lab analysis and potential the positive effect testosterone has on the brain,” he says.

Testosterone therapy is also prescribed off-label to treat low libido during perimenopause and menopause—which can impact mood. Feelings of low self-esteem, hopelessness, and fatigue can lower your libido. In a person who is depressed,  sex-related chemicals are out of balance. In turn, sexual desire, or libido is low (25).

In countries like England and Australia, testosterone has been prescribed to women for decades, with guidelines recommending it for hypoactive sexual desire disorder (HSDD) if menopause hormone therapy (MHT) alone isn’t effective.

After ruling out other variables that can impact sex drive like relationship issues and underlying medical conditions, Dweck says she typically prescribes compounded testosterone cream to women, since it’s easier to get more precise dosing. However, it’s usually not covered by insurance, she adds (26).

Side Effects of Testosterone

Testosterone replacement therapy (TRT) isn’t recommended for women with heart, blood vessel, or liver disease or those with a history of breast or uterine cancer. TRT can lead to high androgen levels, increasing the risk of side effects like (27):

  • acne
  • weight gain
  • unwanted facial and body hair growth

Although rare, more severe side effects like hair loss, a permanently deepened voice, or clitoral enlargement may also occur.

 The Bottom Line

Although declining estrogen and progesterone levels are often to blame for menopause mood swings, testosterone can also impact anxiety and depression. More research is needed, but having too much or too little testosterone can impact mood, making getting the right level critical. Testosterone isn’t FDA-approved to treat mood swings, anxiety, or depression in menopause, but some doctors prescribe it off-label. If you’re experiencing mood changes in menopause, talk to your doctor about appropriate treatments to manage your symptoms.

 

  1. Sander, B. et al. (2021) Testosterone and depressive symptoms during the late menopause transition

  2. Scott, A. et al. (2020) Should we be prescribing testosterone to perimenopausal and menopausal women? A guide to prescribing testosterone for women in primary care

  3. Algburi, H. et al. (2023) Diurnal Variation of Serum Total Testosterone in Women: A Single-Center Study From Basrah

  4. Wierman, M. et al. (2006) Androgen therapy in women: an Endocrine Society Clinical Practice guideline

  5. McHenry, J. et al. (2014) Sex differences in anxiety and depression: role of testosterone

  6. Abdo, C. (2019) Is testosterone involved in low female sexual desire?

  7. Kogler, L. et al. (2023) Testosterone and the Amygdala’s Functional Connectivity in Women and Men

  8. Edwards, D. et al. (2013) Women’s intercollegiate athletic competition: cortisol, testosterone, and the dual-hormone hypothesis as it relates to status among teammates

  9. Flores-Ramos, M. et al. (2024) Free testosterone is associated with perceived stress in women

  10. Maharjan, D. et al. (2021) Testosterone in Female Depression: A Meta-Analysis and Mendelian Randomization Study

  11. Gnawali, A. et al. (2021) Why are Women With Polycystic Ovary Syndrome at Increased Risk of Depression? Exploring the Etiological Maze

  12. St. Michel, C. (2022) Perimenopause Explained

  13. Leaberry, K. et al. (2020) Emotional Lability

  14. Pasquali, R. et al. (1997) Determinants of sex hormone—binding globulin blood concentrations in premenopausal and postmenopausal women with different estrogen status

  15. Turek, J. et al. (2023) Estrogen fluctuations during the menopausal transition are a risk factor for depressive disorders

  16. Islam, R, et al. (2022) Associations between blood sex steroid concentrations and risk of major adverse cardiovascular events in healthy older women in Australia: a prospective cohort substudy of the ASPREE trial

  17. Alblooshi, S. et al. (2023) Does menopause elevate the risk for developing depression and anxiety? Results from a systematic review

  18. Khoudary, S. et al. (2019) The menopause transition and women’s health at midlife: a progress report from the Study of Women’s Health Across the Nation (SWAN)

  19. Rohr, U. (2002) The impact of testosterone imbalance on depression and women’s health

  20. Bromberger, J. et al. (2012) Mood and Menopause: Findings from the Study of Women’s Health Across the Nation (SWAN) over ten years

  21. Simpson, S. et al. (2022) Weight gain during the menopause transition: Evidence for a mechanism dependent on protein leverage

  22. Cucinella, L. et al. (2022) Menopause and female sexual dysfunctions

  23. Donovitz, G. et al. (2022) A Personal Prospective on Testosterone Therapy in Women—What We Know in 2022

  24. Cleveland Clinic (2020) Depression and Sex

  25. British Menopause Society (n.d.) Testosterone Replacement in Menopause

  26. Mayo Clinic (2023) Testosterone therapy in women: Does it boost sex drive?

Mentioned in This Article:

Testosterone (Injections)

In women, testosterone injections are intended to help with symptoms of menopause such as decreased libido, bone loss, and irregular periods.

Testosterone (Cream)

Topical testosterone cream is a treatment option for symptoms related to menopause and testosterone deficiency, and can help to overcome decreased libido, fatigue and mood changes.

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The Edge upholds the highest standards of health journalism. We source research from peer-reviewed medical journals, top government agencies, leading academic institutions, and respected advocacy groups. We also go beyond the research, interviewing top experts in their fields to bring you the most informed insights. Every article is rigorously reviewed by medical experts to ensure accuracy. Contact us at support@honehealth.com if you see an error.

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