Vertigo Treatment Market By Type (Peripheral Vertigo, Central Vertigo), By Treatment (Anticholinergics, Antihistamines, Others), By Distribution channel (Hospital Pharmacies, Drug Stores & Retail Pharmacies, Online Providers): Global Opportunity Analysis and Industry Forecast, 2021-2031
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
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vertigo treatment market analysis from 2021 to 2031 to identify the prevailing vertigo treatment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the vertigo treatment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global vertigo treatment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Peripheral Vertigo
Central Vertigo
By Treatment
Anticholinergics
Antihistamines
Others
By Distribution channel
Hospital Pharmacies
Drug Stores Retail Pharmacies
Prescription Type
Prescription Drugs
OTC Drugs
Online Providers
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
AstraZeneca plc.
Endo Pharmaceuticals Inc
Epic Pharma, LLC
GlaxoSmithKline plc.
Hoffmann-La Roche
Novartis AG
Pfizer Inc.
Sanofi
Sun Pharmaceutical Industries Ltd.
Teva Pharmaceutical Ltd.
Viatris (Mylan N.V.)
Zydus Cadila
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