Market Size of Menopausal Hot Flashes Industry
Study Period | 2021 - 2029 |
Market Size (2024) | USD 6.91 Billion |
Market Size (2029) | USD 8.82 Billion |
CAGR (2024 - 2029) | 5.02 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Menopausal Hot Flashes Market Analysis
The Menopausal Hot Flashes Market size is estimated at USD 6.91 billion in 2024, and is expected to reach USD 8.82 billion by 2029, growing at a CAGR of 5.02% during the forecast period (2024-2029).
Menopausal vasomotor symptoms (MVS), or hot flashes and night sweats, are often considered the cardinal symptoms of menopause. MVS are episodes of profuse heat accompanied by sweating and flushing, experienced predominantly around the head, neck, chest, and upper back.
The increasing incidence of vasomotor symptoms in menopausal women is expected to increase the utilization of drugs such as Climara, Delestrogen, and Elestrin, which is expected to drive market growth over the forecast period.
For instance, according to an article published in December 2023 in the Journal of the Menopause Society, an online study that contains 12,268 postmenopausal women from different countries, such as Brazil, Canada, Mexico, and four Nordic countries (Denmark, Finland, Norway, and Sweden), the prevalence of moderate to severe VMS was about 15.6%. Hence, the high prevalence of VMS across the globe is expected to drive the growth of the market over the forecast period.
According to the same article mentioned above, the highest prevalence of vasomotor symptoms was seen in Brazil, at 36%, and the lowest was in Nordic countries, at 11.6%. The severity of the symptoms in the participants affected their sleep negatively. Many women sought medical advice, but around 56.9% of the participants were not receiving treatment for their VMS. Hence, the high prevalence of menopausal vasomotor symptoms across the world is expected to increase the demand for hormonal therapy and non-hormonal therapies, which may ultimately drive the growth of the market over the forecast period.
The new researches are focused on the treatment of menopausal symptoms, targeting brain-based receptors to decrease side effects such as breast pain, acne, and hirsutism, which further increases patient compliance.
For instance, in May 2023, the US Food and Drug Administration approved Veozah (fezolinetant), an oral medication for the treatment of moderate to severe vasomotor symptoms, or hot flashes, caused by menopause. Hence, the launch of such novel products is expected to increase the accessibility for menopausal drugs, which may further drive the growth of the market over the forecast period.
Hence, the rising advancements in the development of novel drugs that target the receptors situated in the brain, such as neurokinin-1 and neurokinin-3, which reduce the body temperature and treat menopausal hot flashes in women who have contraindications to menopausal hormone therapy (MHT), is expected to accelerate the market growth over the forecast period.
Menopausal Hot Flashes Industry Segmentation
Menopausal hot flashes are the symptoms of menopause. They refer to uncomfortable feelings of warmth occurring during the menopause transition. Hot flashes are the most common symptom of perimenopause, a condition where ovaries gradually make less estrogen.
The menopausal hot flashes market is segmented by treatment type (hormonal treatment [estrogen, progesterone, and estrogen-progesterone combination] and non-hormonal treatment [antidepressant and other non-hormonal treatments]) and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers market sizes and forecasts in terms of value (USD) for all the above segments.
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Menopausal Hot Flashes Market Size Summary
The menopausal hot flashes market is anticipated to experience steady growth over the forecast period, driven by the increasing prevalence of menopausal vasomotor symptoms and advancements in drug development. The COVID-19 pandemic initially hindered market growth by disrupting healthcare services and limiting access to treatments. However, as restrictions have eased and services have resumed, the market is expected to recover. The demand for effective drugs and therapies is bolstered by the high incidence of symptoms such as mood swings, brain fog, and fatigue among menopausal women, which significantly impact their quality of life. The market is further supported by ongoing research and development efforts, with companies like Astellas Pharma and Bayer actively pursuing new drug applications and clinical trials to address these symptoms.
North America is projected to be a key region for market growth, attributed to the high prevalence of menopausal symptoms and a significant aging population. The region's increased awareness and healthcare expenditure, coupled with the rising number of product launches and regulatory approvals, are expected to drive demand for menopausal therapies. The estrogen segment, in particular, is anticipated to witness substantial growth due to its effectiveness in alleviating menopausal symptoms. Despite challenges such as side effects associated with hormonal products and the availability of generic medicines, the market remains competitive with several key players, including AbbVie Inc., Bayer AG, and Pfizer Inc., employing strategies like partnerships and product launches to maintain their market positions.
Menopausal Hot Flashes Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Drivers
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1.2.1 Rising Incidence of Menopausal Vasomotor Symptoms
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1.2.2 Technological Advancements in the Development of New Drugs for Treatment
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1.3 Restraints
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1.3.1 Side Effects Associated with Hormonal Products
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1.3.2 Availability Of Alternative Treatment Options Coupled With Low Treatment Adoption Rate
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Treatment Type
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2.1.1 Hormonal Treatment
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2.1.1.1 Estrogen
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2.1.1.2 Progesterone
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2.1.1.3 Estrogen-progesterone Combination
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2.1.2 Non-hormonal Treatment
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2.1.2.1 Antidepressants
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2.1.2.2 Other Non-hormonal Treatments
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Italy
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2.2.2.5 Spain
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2.2.2.6 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 South Korea
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2.2.3.6 Rest of Asia-Pacific
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2.2.4 Middle East and Africa
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2.2.4.1 GCC
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2.2.4.2 South Africa
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2.2.4.3 Rest of Middle East and Africa
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2.2.5 South America
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2.2.5.1 Brazil
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2.2.5.2 Argentina
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2.2.5.3 Rest of South America
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Menopausal Hot Flashes Market Size FAQs
How big is the Menopausal Hot Flashes Market?
The Menopausal Hot Flashes Market size is expected to reach USD 6.91 billion in 2024 and grow at a CAGR of 5.02% to reach USD 8.82 billion by 2029.
What is the current Menopausal Hot Flashes Market size?
In 2024, the Menopausal Hot Flashes Market size is expected to reach USD 6.91 billion.