Buzzberg Cup Live

The $360 Billion Market that Medicine Got Wrong for 20 Years

Watch on YouTube ↗  |  July 12, 2026 at 14:00  |  13:07  |  Bloomberg Markets
Speakers
Marty Makary — FDA Commissioner

Summary

The video explores the $360 billion menopause market, long overlooked by pharma, employers, and investors despite affecting half the population. It highlights how celebrity-backed startups, telehealth companies, and FDA regulatory changes are now turning menopause into a fast-growing consumer and healthcare category, though confusion remains over which products actually work.

  • Menopause affects half the world's population and causes over $150 billion in annual global productivity losses.
  • The U.S. menopause market is estimated at $360 billion, with 75 million American women currently going through it, far exceeding the IVF market.
  • Former FDA Commissioner Marty Makary reversed decades-old black box warnings on hormone replacement therapy, calling the prior dogma 'one of the greatest mistakes of modern medicine.'
  • HRT prescriptions for women 45+ have more than tripled in the past 5 years and prescribing rates rose over 19% after the FDA label change.
  • Startups like Stripes (founded by Naomi Watts) and Midi Health (a telehealth unicorn) are building brands and care platforms around menopause and perimenopause.
  • Less than 1% of total healthcare funding goes to women's health, highlighting a massive investment gap.
  • As the market grows, women face the challenge of separating evidence-based treatments from unproven wellness products and marketing hype.
Ideas
Marty Makary FDA Commissioner 8:11
HRT demand grows after FDA reversal
The FDA's removal of black box warnings against hormone replacement therapy (HRT) corrects a historical medical mistake and is expected to significantly increase demand for HRT, supported by already tripling prescriptions and rising prescribing rates since the label change.
Up Next

This Bloomberg Markets video, published July 12, 2026, features Marty Makary discussing Hormone Replacement Therapy (HRT) market. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Marty Makary  · Tickers: Hormone Replacement Therapy (HRT) market