USD 1.36 billion
Vertigo Treatment Market Size, Share, Growth Analysis, By Type(Peripheral Vertigo, Central Vertigo), By Treatment(Medication (Anticholinergics, Antihistamines, Others), Surgery), By End User(Hospitals, Clinics, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2311 |
Region:
Global |
Published Date: July, 2024
Pages:
219
|Tables:
88
|Figures:
71
Vertigo Treatment Market Insights
Global Vertigo Treatment Market size was valued at USD 1.36 billion in 2022 and is poised to grow from USD 1.42 billion in 2023 to USD 2 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).
The sensation of a spinning or moving environment that a person feels is generally known as Vertigo, its effects might be barely noticeable or so severe that it makes it difficult for a person to maintain their balance. The surging incidence of vertigo among people around the world and growing healthcare expenditure are key prospects that are driving the vertigo treatment market. Intensification of vertigo with the progression of age is also a key factor that is contributing to the rising demand for vertigo treatment on a global level as the geriatric population is expanding. With ageing people more at risk, the demand for vertigo treatment in countries with massive ageing populations is slated to boom in the future.
Increasing awareness regarding symptoms and treatment of vertigo is rising on a global level and this is projected to favour vertigo treatment market growth in the long run. Growing investments in medical research around the world are also creating new opportunities for vertigo treatment providers. The adoption of poor lifestyle habits is also contributing to the increasing demand for vertigo treatment around the world.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Clinics
Growth Rate
4.4% CAGR
Global Vertigo Treatment Market ($ Bn)
Country Share for North America Region (%)
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Vertigo Treatment Market Segmental Analysis
The Vertigo Treatment market is segmented based on type, treatment, end user, and region. Based on type, the market is segmented into Central Vertigo, and Peripheral Vertigo. Based on treatment, the market is segmented into Medication (Anticholinergics, Antihistamines, Others), Surgery, and Therapy. Based on end user, the market is segmented into hospitals, clinics, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Analysis by Treatment
Medications are projected to account for the highest market share of the global vertigo treatment market in 2023. Treatment by medication is done in a short time and this is why most people prefer medications over other forms of treatment. The increasing availability of different kinds of vertigo medications and drugs around the world is also favouring growth in this segment. Vertigo medications are also capable of helping patients deal with nausea and dizziness that can be caused by vertigo.
On the other hand, the demand for surgical treatment of vertigo is slated to rise at a steady pace over the coming years. Growing awareness and availability of different surgical treatments for vertigo are contributing to the growth in this segment. Labyrinthectomy is one of the most popular surgical treatments for the treatment of refractory and intractable vertigo. The growing availability of minimally invasive surgical procedures for vertigo will boost growth in this segment over the coming years.
Analysis by End User
Hospitals account for a sizable share of the global vertigo treatment demand outlook at present. An increasing number of people are growing more aware of the symptoms of vertigo and turning towards hospitals for treatment of the same and continuing to the high market share of this segment. Patients suffering from central vertigo are more likely to get their treatment from hospitals as it requires a neurological diagnosis. The presence of advanced diagnostic techniques to diagnose vertigo also contributes to a high market share of this segment.
Increasing awareness regarding vertigo among medical professionals and patients alike is projected to boost demand for its treatment in clinics over the coming years. Getting treatment in a clinic could help patients save some money and with an increasing number of people being diagnosed with vertigo, medical professionals are expected to set up specialty clinics to provide treatment. Clinics are projected to emerge as the fastest-growing end user segment in the global vertigo treatment marketplace over the coming years.
Global Vertigo Treatment Market By End User
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Vertigo Treatment Market Regional Insights
North America accounts for a dominant share of the global vertigo treatment market. The surging prevalence of vertigo in the aging population of this region is the prime factor driving vertigo treatment demand. The presence of key pharmaceutical companies in this region has also contributed to the high availability of different vertigo drugs and treatments. The United States and Canada are forecasted to emerge as the leading markets in this region for vertigo treatment providers in the future. Women in this region are more susceptible to suffering from vertigo as compared to men. Growing investments in medical research and government support for the same are also estimated to foster innovation in the vertigo treatment market and boost market growth going forward.
Asia Pacific is forecasted to emerge as a significant market for vertigo treatment companies in the future. The expanding geriatric population in countries such as Japan, China, and India is predicted to contribute to the growing demand for vertigo treatment in the Asia Pacific region across the forecast period. Rising investments in healthcare infrastructure development and growing awareness regarding vertigo among the general population are also estimated to bolster vertigo treatment market development in the Asia Pacific going forward. The massive population base in this region also makes it a highly opportune space for any type of disease treatment thereby vertigo treatment as well.
Global Vertigo Treatment Market By Region
- Largest
- Fastest
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Vertigo Treatment Market Dynamics
Drivers
Growing Senescent Population
- The number of ageing people around the world is rising rapidly and it has been found that the probability of experiencing vertigo increases with age, hence, expanding geriatric population is a key factor driving vertigo treatment demand.
Rising Awareness Regarding Vertigo
- Awareness regarding symptoms and treatment of vertigo is increasing across the world and this is also boosting demand for its treatment.
Restraints
Adverse Effects of Medication
- Vertigo drugs can have certain side effects such as constipation, dizziness, insomnia, headaches, tiredness, etc. These side effects can push people away from opting for vertigo treatment drugs.
Treatment Accessibility
- Most people are not aware of vertigo and this is true for its treatment options as well. This lack of awareness is projected to slow down vertigo treatment market growth in the long run.
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Vertigo Treatment Market Competitive Landscape
The global vertigo treatment market is still quite fragmented and far from consolidation, which makes it a highly competitive market in all parts of the world. vertigo treatment providers are investing heavily in the research and development of new medications and therapies to maximise their growth potential and revenue generation. Collaborations, mergers, partnerships, and acquisitions are also predicted to be key strategies that vertigo treatment companies will opt for to maximise their business reach in different parts of the world. vertigo treatment providers can also take advantage of new awareness initiatives launched by non-profit public health organisations and governments around the world. Companies are also focusing on launching new medications and drugs to cater to the growing demand for vertigo treatment on a global level.
Top Player’s Company Profiles
- Pfizer Inc. (United States)
- Novartis AG (Switzerland)
- Abbott Laboratories (United States)
- Teva Pharmaceutical Industries Ltd (Israel)
- Bayer AG (Germany)
- GlaxoSmithKline plc (United Kingdom)
- Merck & Co., Inc. (United States)
- Sanofi S.A. (France)
- Johnson & Johnson (United States)
- AstraZeneca plc (United Kingdom)
- Bristol Myers Squibb (United States)
- Boehringer Ingelheim (Germany)
- Eisai Co., Ltd. (Japan)
- Mylan N.V. (Netherlands)
- Takeda Pharmaceutical Company Limited (Japan)
- Allergan plc (Ireland)
- Biogen Inc. (United States)
- Amgen Inc. (United States)
- Eli Lilly and Company (United States)
- Vertex Pharmaceuticals Incorporated (United States)
Recent Developments
- In September 2023, Shilpa Medicare, a pharmaceutical company based in India, announced that it had received marketing authorization for its vertigo drug from the United Kingdom healthcare products regulatory agency. The company also revealed that it had also completed an inspection for the same by a Japanese regulatory agency.
- In August 2022, Lupin, a renowned Indian pharmaceutical manufacturer, announced that it had received approval from the United States Food & Drug Administration (FDA) for a generic equivalent of Casper Pharma’s Antivert tablets. The production of this drug was supposed to be carried out in Lupin’s facility in Goa, India.
Vertigo Treatment Key Market Trends
- Novel Diagnostic and Drug Delivery Methods: Advancements in diagnostic technologies will allow companies to come up with better diagnostic techniques and boost their revenue generation as well. Vertigo treatment providers are also estimated to opt for novel drug delivery methods to deliver the medication to specific parts of the body and reduce the side effects of different drugs.
Vertigo Treatment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, the expanding geriatric population and rising awareness regarding vertigo symptoms are projected to be key factors driving the vertigo treatment market growth. Poor lifestyle choices are also contributing to the high incidence of vertigo around the world. High investments in medical R&D and increasing healthcare expenditure are also forecasted to benefit demand for vertigo treatment in the future. However, side effects associated with vertigo medications are projected to slow down vertigo treatment market development across the forecast period and beyond. In terms of region, North America is forecasted to account for a dominant share of the global vertigo treatment market owing to the presence of a high senescent population and a well-developed healthcare ecosystem. Advancements in healthcare diagnostics are projected to create new diagnostic methods for vertigo and this will boost demand for novel treatments as well thereby creating new opportunities for vertigo treatment providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.36 billion |
| Market size value in 2031 | USD 2 billion |
| Growth Rate | 4.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Vertigo Treatment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Vertigo Treatment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Vertigo Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vertigo Treatment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vertigo Treatment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vertigo Treatment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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