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2021
Vertigo Treatment Market

Vertigo Treatment Market by Type (Peripheral Vertigo and Central Vertigo), Treatment (Medication and Surgery), Route of Administration (Oral and Injectables), End User (Hospitals, Homecare, Specialty Clinics, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

A12485
Pages: NA
Sep 2021 | 155 Views
   
Author(s) : Onkar Sumant
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Vertigo Treatment Market Overview 2030:

Vertigo is a medical condition, wherein a person feels he or she or the objects around are moving when they are not. The condition is often related to walking impairment, sweating, and nausea. Vertigo is the most common form of dizziness, and the cause of this condition could be peripheral and central. Peripheral vertigo is related to the inner ear problem and central vertigo is related to the central nervous system. Treatment for vertigo depends on what is causing it. In many cases, vertigo goes away without any treatment.

According to research, the percentage of patients who suffer from vertigo and balance disorders visiting general practitioners is between 5% to 7%; and 10% to 12% of these are otolaryngologists’ patients. Prevalence of vertigo increases with age and most cases reported to physicians are by elderly patients. Vertigo is considered to be the third most common condition among the geriatric population aged 65 years.

Market Scope Structure Analysis

Report Metric

Details

 Market Size Available for Years

 2020-2030

 Base Year Considered

 2020

 Forecast Period

 2021-2030

 Forecast Unit

 USD

 Segments Covered

Type, Treatment, Route of Administration, End User, Application, and Region

 Companies Covered

Sensorion, Auris Medical, Casper Pharma, Indicus Pharma, Mylan N.V., Amneal Pharmaceuticals LLC, Epic Pharma, LLC, Endo Pharmaceuticals Inc, Novartis AG, Jubilant Life Sciences Ltd, Pfizer Inc, Vintage Labs, Teva Pharmaceutical Industries Ltd, Zydus Cadila, LUPIN, Sagent Pharmaceuticals, Inc


COVID-19 Impact Analysis

  • COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
  • Coronavirus disease 2019 (COVID-19) has created an economic crisis in addition to the healthcare crisis. Developed countries are expected to cause economic recession. The pandemic has an adverse impact on the healthcare system, resulting in 50–70% drop in revenue from March. Many small hospitals, clinics, and nursing homes have been forced to shut their operations. In addition, social distancing and localized curfews have resulted in delayed elective surgical procedures. Further, visa cancellations have led to an interruption in medical tourism and can negatively impact the healthcare services market growth.

Top Impacting Factors

  • Growth of global vertigo market is expected to be driven by factors such as rise in incidence and prevalence of peripheral etiologies of vertigo, increase in geriatric population, growth in healthcare expenditure, and improved disposable income.
  • Increase in cases of sports-related head injury and high demand for disease-specific novel treatments are expected to boost the vertigo treatment market growth.
  • The competitive scenario of market and strategic collaborations may boost the market growth.
  • Further, the market growth could be hindered by side effects of currently prescribed medication, high cost of treatment, and tedious drug approval process.
  • Increase in incidence of vertigo, rise in healthcare expenditure, surge in risk of infections, and increase in geriatric population drive the global vertigo treatment market. Moreover, rise in viral infections, brain injury, and heart condition is anticipated to propel the global market during the forecast period.
  • Limited operating revenue opportunity for R&D of targeted therapies by many pharmaceuticals is acting as a challenging factor for the growth of this vertigo treatment market.

Market Trends

A key drug Otividex, which is currently in third phase of clinical trials and is being developed by Otonomy Inc., is discussed in the report. The drug is easier to use and provides a higher and sustained concentration of dexamethasone relative to existing injections. Further, it is anticipated to provide a well-accepted treatment option for Meniere's disease, if successfully developed.

Global vertigo treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions to increase their foothold in this market.

In July 2019, Auris Medical initiated TRAVERS phase 2 trial of AM-125 (Intranasal betahistine), a H1 agonist and H3 histamine receptors antagonist for the treatment of acute vertigo. If the trial is successful, it can significantly change the treatment landscape for patients as well as physicians throughout the world.

In June 2019, Sensorion secured fund of USD 21.4 million for developing first-in-class drugs treating hearing loss and severe vertigo. This funding aims to speed the development of an exciting new class of therapeutics to treat patients suffering from hearing loss and severe vertigo.

Key Segments Covered

Segment

Subsegment

 By Type

  • Peripheral Vertigo
  • Central Vertigo

 By Treatment

 

  • Medication
  • Over-the-counter Drugs
  • Prescription Drugs
  • Surgery
  • Canal Plugging Surgery

 

 Route of Administration

  • Oral
  • Injectable

 

 End User

  • Hospital
  • Homecare
  • Specialty Clinic
  • Others

 

 

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Key Benefits of Report

  • This report presents the detailed analytical depiction of the vertigo treatment market along with current trends, opportunities, and future estimates for the investment in market.
  • The report presents information related to the key drivers, restraints, and new technological development in the vertigo treatment market.
  • The current market is analyzed from 2020 to 2028 to emphasize the vertigo treatment market.
  • Porter’s five forces analysis illustrate the potency of buyers and suppliers in market.
  • The report provides detailed analysis of the vertigo treatment market based on market competition and how it will take shape in upcoming years.

Questions Answered in the Vertigo Treatment Market Report

  • What is vertigo?
  • What are the current trends that will influence the market in upcoming years?
  • What are the driving factors, restraints, and opportunities of the market?
  • Which are the leading players in the vertigo treatment market?
  • What future projections will help in taking strategic steps in the future?
  • Which are the major end user sectors in vertigo treatment market?
  • What is the major regional market in vertigo treatment market?
  • What are the key benefits of this vertigo treatment market report?
 
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