PUBLISHER: Allied Market Research | PRODUCT CODE: 1179608
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179608
The global vertigo treatment market was valued at $1,258.33 million in 2021, and is projected to reach $1,938.47 million by 2031, registering a CAGR of 4.4% from 2022 to 2031.
A person with vertigo experiences the illusion that the items around him are moving when they are still. Sweating, nausea, vomiting, difficulty in walking, and loss of balance are common symptoms of the illness. The most common cause of vertigo is benign paroxysmal positional vertigo (BPPV). There are two types of vertigo, namely peripheral and central. For instance, peripheral vertigo is caused by a problem with vestibular system and due to motion sickness. Central vertigo is caused due to central nervous system injuries. Furthermore, the treatments for vertigo are prescribed depending upon the type and severity of symptoms. For instance, medications include anticholinergics, antihistamines, beta-blockers, and anticonvulsants.
The growth of the global vertigo treatment market is majorly driven by increase in prevalence of vertigo, rise in geriatric population as vertigo incidences increase with age, rise in awareness about inner ear problems, availability of vertigo medications, and initiatives taken by government to develop better healthcare infrastructure. For instance, according to National Library of Medicine, around 15%-20% adults are affected by vertigo every year. Moreover, rise in brain injuries, viral infections, and heart diseases contribute towards the market growth.
However, ignorance towards symptoms of vertigo, side effects associated with antivertigo medications, lack of standard tools for diagnosis in some regions, and high research and development costs hinders the market growth.
The vertigo treatment market is segmented into type, treatment, distribution channel, and region. By type, the market is categorized into peripheral vertigo and central vertigo. On the basis of treatment, the market is segregated into anticholinergics, antihistamines, and others. By distribution channel, the market is classified into hospital pharmacies, drug stores and retail pharmacies (prescription drugs and OTC drugs), and online providers. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global vertigo treatment market are Amneal Pharmaceuticals Ltd., AstraZeneca Plc., Epic Pharma, LLC, GlaxoSmithKline Plc., F. Hoffmann-La Roche Ag, Intas Phrmaceuticals Ltd, Novartis Ag, Pfizer Inc.., Sanofi, Sun Pharmaceutical Industries Ltd, Teva Pharmaceutical Ltd., and Viatris (Mylan N.V.).
Key Benefits For Stakeholders
By Type
By Treatment
By Distribution channel
By Region