Vasomotor Symptoms Market Share was valued at USD 3.5 billion in 2022. The vasomotor symptoms market industry is projected to grow from USD 3.74 Billion in 2023 to USD 5.58 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.90% during the forecast period (2023 - 2030).
The global Market is driven by several factors, such as rising older female population, rising initiatives by public and private organizations to create awareness regarding vasomotor symptoms management options, increasing product launches, and a number of clinical trials by the prominent players in the market. The increasing menopausal women also contribute heavily to the growth of this market. By 2030, the world population of menopausal and postmenopausal women is projected to increase to 1.2 billion, with 47 million new entrants each year.
Regional Analysis
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East Africa. The Americas held the maximum share in 2019, owing to the rise in menopausal women in the US. For instance, in the US, approximately 1.3 million women become menopausal each year. The market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The European market for vasomotor symptoms is expected to hold a substantial share owing to the increase in the number of clinical trials by the prominent players. The vasomotor symptoms market Trends in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market in this region is anticipated to be the fastest-growing during the forecast period due to the increasing uptake and adoption rate of hormonal therapy. Increasing patient pool also fuels the market growth. The market in the Middle East Africa has been divided into the Middle East and Africa.
Market Segmentation
Global Vasomotor Symptoms Market Research report has been segmented based on the Therapy Type and Distribution Channel.
The market, based on therapy type, has been segmented into hormonal and non-hormonal. The market, based on hormonal therapy, has been further divided into estrogen, progesterone, and combination. The market, based on hormonal therapy, held a major share in 2019 owing to the widespread use and high preference rate. The market, based on non-hormonal therapy, has been further divided into antidepressants and others.
The global vasomotor symptoms market has been segmented, based on distribution channel, into hospital pharmacies, online stores, and retail pharmacies. The hospital pharmacies segment held the majority share of the market in 2019 owing to the increasing number of in-visit patient admissions, whereas the online stores segment is projected to be the fastest-growing segment during the study period owing to the increasing preference of this distribution channels owing to the widespread availability and rise in awareness regarding the e-commerce channels.
Key Players
global vasomotor symptoms market Players are Allergan (Ireland), Pfizer Inc. (US), Eli Lily and Company (US), Novartis AG (Switzerland), Emcure Pharmaceuticals Ltd (India), Merck Co., Inc. (US), TherapeuticsMD, Inc. (US), Mithra Pharmaceuticals (Belgium), Novo Nordisk A/S (Denmark), Procter Gamble (US), EndoCeutics, Inc. (Canada), Amag Pharmaceuticals (US), and Teva Pharmaceuticals (Israel).
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