Vertigo Treatment Market Size, Share, Growth Analysis, By Type(Peripheral Vertigo, Central Vertigo), By Treatment Type(Medication, Surgery), By End User(Hospitals, Clinics, Other End Users), By Region - Industry Forecast 2024-2031

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 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. '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) '

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.

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.

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.