The vertigo drugs market will register a CAGR of close to 4% by 2023.
Vertigo mostly occurs due to inner ear infections or other conditions such as benign paroxysmal positional vertigo (BPPV), vestibular neuritis, and Meniere's disease. These conditions are high-risk factors for vertigo. The prevalence of these risk factors is high globally.
Another significant cause for vertigo is vestibular neuritis that is an infection in the inner ears. The infection causes inflammation around the nerves that help the body sense balance. As a result, this infection causes a severe sensation of vertigo that can last for a couple of days and at times coupled with hearing loss.
Vestibular neuritis or BPPV may have a low prevalence rate individually. However, when combined, these risk factors of vertigo have a high prevalence rate. As a result, the growth of the global vertigo drugs market would be significant during the forecast period.
Increasing geriatric population
The prevalence of dizziness increases with age. Therefore. rising the geriatric population becomes the driving factor for the growth of the global vertigo drugs market. The aging world population is contributing to the rapid increase in the number of people with vertigo. Therefore, the increasing geriatric population will be driving the growth of the global vertigo drugs market during the forecast period.
Adversely effects of the available therapeutics
The market has the presence of a few approved therapeutics for the treatment of various risk factors of vertigo. These drugs are classified into phenothiazines, antihistamines, benzodiazepines and others. However. most of these therapeutics cause adverse effects when consumed for a long duration.
- F. Hoffmann-La Roche
- Teva Pharmaceutical Industries
1. Executive Summary
2. Scope of the Report
3. Market Landscape
4. Market Sizing
5. Five Forces Analysis
6. Market Segmentation by Product
7. Customer Landscape
8. Geographic Landscape
9. Drivers and Challenges
10. Market Trends
11. Vendor Landscape
12. Vendor Analysis
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