Thursday, April 16, 2020

Menopausal Hot Flashes Market by Treatment Type, Geography and Forecast to 2027

Menopausal Hot Flashes Market: Introduction
According to the report, the global menopausal hot flashes market was valued at approximately US$ 9.5 Bn in 2018. It is expected to expand at a CAGR of 6% during the forecast period from 2019 to 2027. Menopause is the time, which marks the end of a woman’s menstrual cycle. This can happen majorly in the age period between 40s or 50s. The most common menopausal symptoms, including vasomotor symptoms (hot flashes), insomnia, vaginal atrophy, altered cognitive function, dementia, depression, and loss of muscle mass, can affect up to 80% of women during menopause and may be severe in up to 20% of these women. The use of hormone replacement therapy (HRT) alleviates menopausal symptoms and lead to a major improvement in quality of life for women with menopausal symptoms. Alternative therapies such as herbal drugs are also effective in treating the vasomotor symptoms, urogenital atrophy symptoms, and irregular menstrual bleeding that occur in the premenopausal period. The market is dominated by North America region in 2018, which is expected to dominate by the end of 2027.
Growing Population of Elderly Women Worldwide and Rise in Menopausal Vasomotor Symptoms Drive Menopausal Hot Flashes Market
Menopausal symptoms occur mostly after the age of 51 years. Rapidly increasing population of geriatric women leads to rise in the number of women with menopausal symptoms. According to the United Nations World Population Aging Report – 2017, women accounted for 54% share of the global population aged 60 years or above and 61% of that aged 80 years or above in 2017. Increase in awareness about women’s health through government initiatives have changed the scenario and people are focusing more on women’s health, which is driving the global menopausal hot flashes market. Moreover, development of advanced products with alternative mode of administration and changes in lifestyle associated with early menopause are some of the major factors responsible for the growth of global menopausal hot flashes market.
Preference for Hormonal Treatment Due to Better Efficacy of Hormone Replacement Therapy
Based on treatment type, the global menopausal hot flashes market has been divided into hormonal treatment, non-hormonal treatment, and alternative treatment. Hormonal treatment dominated the global menopausal hot flashes market due to better efficacy of hormone replacement therapy and approval of combination products. The hormonal treatment segment is further sub-segmented into estrogen, progesterone, and estrogen–progesterone combination.The non-hormonal treatment is growing with a higher CAGR during the forecast period owing to lesser risk of developing breast cancer. This segment is further classified into antidepressant, gabapentin, pregabalin, and clonidine. The antidepressant sub-segment is further divided into Paroxetine, Fluoxetine, Venlafaxine, Desvenlafaxine, and others. The alternative segment is sub-divided into black cohosh, vitamin E, herbal medicines, and others.
Growing Adoption for Online Purchases
Based on distribution channel, the global menopausal hot flashes market has been classified into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment dominated the global menopausal hot flashes market due to better supply chain management and rise in number of patient admissions to hospitals. The online pharmacies segment is expected to grow at a comparatively higher CAGR during the forecast period, owing to growing adoption for online purchase due to better discount rates and convenience to patients.
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