Global Meniere’s Disease Treatment Market - 2022-2029

Global Meniere’s Disease Treatment Market - 2022-2029

Market Overview

The global meniere’s disease treatment market size was valued US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

Ménière’s disease is a chronic disorder of the inner ear that affects both balance and hearing. It usually affects just one ear and can cause severe dizziness and a feeling of spinning (vertigo). This condition can also cause hearing loss and the sensation of ringing (tinnitus) and a feeling of fullness in the ear. No cure exists for Meniere's disease. Some treatments can help reduce the severity and frequency of vertigo episodes, including Medications, Middle ear injections, and surgery may be an option for people with Ménière’s disease if other treatments have not been effective, or if symptoms are severe.

Market Dynamics

Advancement in the diagnosis of Meniere's Disease is expected to drive market growth.

VEMP testing (vestibular-evoked myogenic potentials) is a neurophysiological tool for evaluating saccule and utricle function. The saccular vestibular signals conveyed via the vestibulospinal tract are thought to be assessed by cervical VEMP (cVEMP). FVEMP (furosemide-loading VEMP), which is a cVEMP that rises 60 minutes after furosemide injection in MD patients, can also be used to measure saccule function. Moreover, The semicircular canals can be examined using a calorie test and a video-head impulse test (vHIT). Caloric testing focuses on horizontal semicircular canal function, whereas vHIT allows for high-frequency instrumental assessment of the vestibulo-ocular reflex in each of the six semicircular canals. Thus, from the above statements, the market is expected to drive market growth.

Restraint:

Lack of awareness among individuals, side effects of symptomatic treatments, and availability of alternative treatments are the factors the market is expected to hamper in the forecast period.

COVID-19 Impact Analysis

The COVID-19 pandemic has moderately impacted healthcare systems and the market. The present COVID-19 pandemic poses a considerable occupational hazard for physicians and paramedical workers because of the increased risk of exposure and infection to COVID-19 from aerosol and droplet contamination. Moreover, Physicians and paramedical workers in the ENT department, in particular, are always at risk of being exposed to COVID-19-infected outpatients with nasal and/or respiratory symptoms. Patients are likely to be exposed to the same danger. COVID-19 negative outpatients with vertigo/dizziness may be infected by COVID-19 positive nose and throat patients at the same outpatient clinic.

Additionally, the pandemic interrupts the supply chain and process. Many companies will vary to other geographic regions to ensure that products remain available and protect their supply chain. Thus, from the above statements, the market got affected, and it is expected to gain traction quickly with the resumption of the economic activities.

Segment Analysis

Medications segment is expected to hold the largest market share in meniere’s disease treatment market

The medications segment is expected to dominate in 2021. Diuretics are the most commonly prescribed maintenance medications for Meniere's disease. Diuretics work by restricting the overproduction of fluid in the inner ear. Diuretics are long-term medications. They help reduce the number of vertigo attacks, and in some cases, they help stabilize hearing. For instance, Meclizine (Antivert or Bonine) is the most commonly prescribed medication for the control of vertigo. Dramamine, available over-the-counter, is milder but might also be effective. Therefore, it has increased the demand for the medication. Thus, from the above statements, the market segment is expected to hold the largest market share in the forecast period.

Geographical Analysis

North America region holds the largest market share in the global meniere’s disease treatment market

In 2021, North America accounted for the highest revenue share. The increasing prevalence of Meniere's disease, rising geriatric population, well-established infrastructure, favorable reimbursement policies, and clinical trials conducted by the market players in the region are some of the factors the market is expected to boost in the forecast period. For instance, According to the National Institute on Deafness and Other Communication Disorders (NIDCD), approximately 615,000 in the United States have Ménière’s disease. It can develop at any age, but it most commonly appears between 40 and 60 years of age. In most cases, it only affects one ear.

Moreover, On June 08, 2020, Sound Pharmaceuticals announced that FDA allowed its pivotal Phase 3 clinical protocol for SPI-1005 in the Treatment of Patients with Meniere's Disease (STOPMD-3). It is the first Phase 3 study of an investigational new drug for the treatment of Meniere's Disease (MD), a neurotologic disease involving hearing loss, tinnitus, and dizziness. Thus, from the above statements, the North American region is expected to hold the largest market share in the forecast period.

Competitive Landscape

Major key players in the meniere’s disease treatment market are Genentech, Inc., Hoffmann-La Roche, Inc., Teva Pharmaceuticals USA, Inc. , Quagen Pharmaceuticals, Pfizer Inc., Thermo Fisher Scientific, MERCK & CO., Inc., Mylan Pharmaceuticals Inc., Jubilant Cadista Pharmaceuticals Inc. and Mayne Pharma Group Limited.

Genentech, Inc.:

Overview:

F. Hoffmann-La Roche Ltd is the parent company of Genentech Inc., a biotechnology company based in the United States that became a subsidiary of Roche in 2009. The company is dedicated to pioneering science to discover and develop medicines for people suffering from serious and life-threatening diseases. In the United States, Roche and Genentech merged their pharmaceutical operations. The Genentech campus in South San Francisco is now the headquarters for Roche's pharmaceutical operations in the United States. Genentech Research and Early Development is a separate entity within Roche. Roche Holding Ltd. owns 66 percent of Genentech but allows it to operate independently. Genentech discovers, develops, manufactures, and sells human pharmaceuticals to meet critical medical needs.

­Product Portfolio:

VALIUM (DIAZEPAM): It may reduce the spinning sensation and help control nausea and vomiting.

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Target Audience

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Manufacturers


1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Market Definition and Overview
3. Executive Summary
3.1. Market Snippet by Treatment Type
3.2. Market Snippet by Diagnosis
3.3. Market Snippet by End user
3.4. Market Snippet by Distribution channel
3.5. Market Snippet by Region
4. Market Dynamics
4.1. Market Impacting Factors
4.1.1. Drivers
4.1.1.1. Advancement in the diagnosis of Meniere's Disease is expected to drive market growth.
4.1.2. Restraints:
4.1.2.1. Side effects of symptomatic treatments are expected to hamper the market growth.
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Supply Chain Analysis
5.2. Pricing Analysis
5.3. Unmet Needs
6. COVID-19 Analysis
6.1. Analysis of Covid-19 on the Market
6.1.1. Before COVID-19 Market Scenario
6.1.2. Present COVID-19 Market Scenario
6.1.3. After COVID-19 or Future Scenario
6.2. Pricing Dynamics Amid Covid-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Treatment Type
7.1. Introduction
7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Treatment Type
7.1.2. Market Attractiveness Index, By Treatment Type Segment
7.2. Medications*
7.2.1. Diazepam (Valium)
7.2.2. Promethazine
7.2.3. Dexamethasone
7.2.4. Diazepam
7.2.5. Prochlorperazine
7.2.6. Others
7.2.7. Introduction
7.2.8. Market Size Analysis, US$ Million, 2020-2029 and Y-o-Y Growth Analysis (%), 2021-2029
7.3. Noninvasive therapies and procedures
7.3.1. Rehabilitation
7.3.2. Hearing aid
7.3.3. Positive pressure therapy
7.3.4. Others
7.4. Middle ear injections
7.4.1. Gentamicin
7.4.2. Dexamethasone
7.4.3. Others
7.5. Surgery
7.5.1. Endolymphatic sac procedure
7.5.2. Labyrinthectomy
7.5.3. Vestibular nerve section
7.5.4. Others
7.6. Others
8. By Diagnosis
8.1. Introduction
8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Diagnosis
8.1.2. Market Attractiveness Index, By Diagnosis Segment
8.2. Hearing test*
8.2.1. Introduction
8.2.2. Market Size Analysis, US$ Million, 2020-2029 and Y-o-Y Growth Analysis (%), 2021-2029
8.3. Balance tests
8.4. Other tests
9. By End user
9.1. Introduction
9.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
9.1.2. Market Attractiveness Index, By End user Segment
9.2. Hospital*
9.2.1. Introduction
9.2.2. Market Size Analysis, US$ Million, 2020-2029 and Y-o-Y Growth Analysis (%), 2021-2029
9.3. Clinics
9.4. Others
10. By Distribution Channel
10.1. Introduction
10.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
10.1.2. Market Attractiveness Index, By Distribution Channel Segment
10.2. Hospital Pharmacies*
10.2.1. Introduction
10.2.2. Market Size Analysis, US$ Million, 2020-2029 and Y-o-Y Growth Analysis (%), 2021-2029
10.3. Retail Pharmacies
10.4. Online Pharmacies
10.5. Others
11. By Region
11.1. Introduction
11.1.1. Market Size Analysis, US$ Million, 2020-2029 and Y-o-Y Growth Analysis (%), 2021-2029, By Region
11.1.2. Market Attractiveness Index, By Region
11.2. North America
11.2.1. Introduction
11.2.2. Key Region-Specific Dynamics
11.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Treatment Type
11.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Diagnosis
11.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
11.2.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
11.2.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
11.2.7.1. U.S.
11.2.7.2. Canada
11.2.7.3. Mexico
11.3. Europe
11.3.1. Introduction
11.3.2. Key Region-Specific Dynamics
11.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Treatment Type
11.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Diagnosis
11.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
11.3.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
11.3.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
11.3.7.1. Germany
11.3.7.2. U.K.
11.3.7.3. France
11.3.7.4. Italy
11.3.7.5. Spain
11.3.7.6. Rest of Europe
11.4. South America
11.4.1. Introduction
11.4.2. Key Region-Specific Dynamics
11.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Treatment Type
11.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Diagnosis
11.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
11.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
11.4.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
11.4.7.1. Brazil
11.4.7.2. Argentina
11.4.7.3. Rest of South America
11.5. Asia Pacific
11.5.1. Introduction
11.5.2. Key Region-Specific Dynamics
11.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Treatment Type
11.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Diagnosis
11.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
11.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
11.5.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
11.5.7.1. China
11.5.7.2. India
11.5.7.3. Japan
11.5.7.4. Australia
11.5.7.5. Rest of Asia Pacific
11.6. Middle East and Africa
11.6.1. Introduction
11.6.2. Key Region-Specific Dynamics
11.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Treatment Type
11.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Diagnosis
11.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
11.6.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
12. Competitive Landscape
12.1. Key Developments and Strategies
12.2. Company Share Analysis
12.3. Product Benchmarking
12.4. List of Key Companies to Watch
13. Company Profiles
13.1. Genentech, Inc.*
13.1.1. Company Overview
13.1.2. Product Portfolio and Description
13.1.3. Key Highlights
13.1.4. Financial Overview
13.2. Hoffmann-La Roche, Inc.
13.3. Teva Pharmaceuticals USA, Inc.
13.4. Quagen Pharmaceuticals
13.5. Pfizer Inc.
13.6. Thermo Fisher Scientific
13.7. MERCK & CO., Inc.
13.8. Mylan Pharmaceuticals Inc.
13.9. Jubilant Cadista Pharmaceuticals Inc.
13.10. Mayne Pharma Group Limited
LIST NOT EXHAUSTIVE
14. Global Meniere’s Disease Treatment Market – DataM
14.1. Appendix
14.2. About Us and Applications
14.3. Contact Us

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