Benign Positional Vertigo Treatment Demand Propelled by Increasing Number of Patients Visiting for BPPV Treatment, Says Fact.MR
Fact.MR, a global research & consulting firm, in their updated edition of the report, indicated that the benign positional vertigo treatment market is likely to record a steady CAGR in 2021 and beyond. The increasing number of instances of benign positional vertigo is pushing the advancement of the benign positional vertigo treatment (BPPV) industry. Fast turnaround time, economical procedure in contrast to conventional techniques also fuel the expansion of the BPPV treatment industry.
“Diverse application of BPPV testing procedures in tracking/analyzing the central nervous system and inner ear and growing acceptance of the treatments in the routine check-ups are harnessing the expansion of the BPPV treatment market.” states Fact.MR.
Technological Advancement Offers Hope For BPPV Treatment
Market players are focusing on technological advancement and widespread accessibility of their novel product, in order to assist physicians along with other care providers to accurately diagnose and efficiently treat vestibular disorders, for instance, the most common type, called as BPPV.
The new technologies provides a precise nystagmus-based evaluation in addition to offering caregivers the ability to detect,
differentiate, treat, along with manage dizziness and balance disorders.
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What is the Scope for Anti-cholinergic Drug Class Type?
Anti-cholinergic will continue hold majority of the market share over the projected period. According to FactMr, the anti-cholinergic are extensively utilized treating vertigo since anticholinergic drugs do not cross the blood-brain barrier that are ineffectual in controlling motion sickness.
On the other hand, Anti-histamines are also witnessing widespread adoption as centrally acting anti-histamines avert motion sickness as well as diminish the symptoms severity, even if administered after the beginning of the symptoms.
The US will Foresee High Demand
The US, followed by the UK are projected to witness healthy expansion in revenue terms owing to rising awareness in relation to BPPV treatment in the form of the routine checkups. Further, inexpensive procedure in contrast to other substitute treatments and low risk related with the procedure are encouraging the growth of BPPV treatment market in the regions.
On the other hand, owing to growing knowledge of treatments and disease, evolving healthcare infrastructure, as well as rising healthcare expenditure, India, China and South Korea are the fastest growing regions for BPPV and are anticipated to expand considerably amid the assessment period. GCC, Turkey, and South Africa, will foresee limited growth prospects owing to less awareness of treatment and devices.
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Product Development and New Product Launches Remains Chief Focus Points: Fact.MR Survey
The benign positional vertigo treatment market appears to be extremely fragmented and with the existence of various companies. Fact.MR’s survey indicated that the leading market players are focusing on product launches as well as increasing funding for research and development of advanced product development. The latest edition of the report offers comprehensive coverage of the anticipated to remain the significant strategies of companies. A few of the players profiled in the report are Intas Pharmaceutical Ltd., AstraZeneca plc., Pfizer Inc., Cadila Pharmaceuticals, Sanofi S.A., Liaoyuan Silver Eagle Pharmaceutical Co., Ltd., Medichem S.A., LGM Pharma, Sun Pharmaceutical Industries Ltd. and Marclabs. The latest edition also provides a detailed analysis of the COVID-19 impact on this market.
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Source: Fact.MR