The global vertigo treatment market is expected to witness significant growth in the coming years, driven by factors such as increase in incidence of vertigo, rise in health care expenditure, surge in risk of infections, and increase in geriatric population. This growth can be attributed to the continuous innovation and rise in awareness about inner ear problems and their common causes. Moreover, initiatives by governments to promote physical therapy as a treatment option and investment in health care are expected to boost the growth of the global vertigo treatment market.
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Some of the key factors driving the global vertigo treatment market include:
Prevalence of vertigo among the geriatric population aged 65 years
Rise in viral infections, brain injury, and heart conditions
Continuous innovation in vertigo treatment methods
Increase in health care expenditure and awareness about vertigo
On the other hand, some of the challenges that the global vertigo treatment market faces include:
Ignorance toward the symptoms and causes of vertigo
Less access to health care facilities
Rise in treatment cost
Unavailability of medicines for vertigo
Insufficient standard tools for the diagnosis and treatment in some regions
The global vertigo treatment market can be segmented based on type, treatment, end-user, and region. The market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2017, while Europe was the second largest market. The Asia Pacific region is expected to grow at a rapid pace during the forecast period.
Major players operating in the global vertigo treatment market include AstraZeneca, Intas Pharmaceutical Ltd., Cadila Pharmaceuticals, Pfizer, Inc., Sanofi, Medichem S.A., Liaoyuan Silver Eagle Pharmaceutical Co. Ltd., LGM Pharma, Marc Laboratories, and Sun Pharmaceutical Industries Ltd.
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