Meniere’s Disease Drug Market studies 2019 with top Companies profile like Abbott, Otonomy Inc., WellSpring Pharmaceutical Corporation, Sound Pharmaceutical, Jubilant Cadista
Global Meniere’s Disease Drug market report is a comprehensive analysis on the study of Industry. This report helps focus you on the more important aspects of the market like what the market recent trends are. Meniere’s Disease Drug Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Global Meniere’s Disease Drug Market By Type ( Classic, Vestibular and Bilateral), Mechanism of Action (Antihistamines, Benzodiazepines, Antinausea, Diuretics, Antibiotics, Steroids and Others), Drugs (Meclizine, Diazepam, Prochlorperazine, Hydrochlorothiazide, Gentamicin, Dexamethasone and Others), Devices (Hearing Aid, Meniett device), Treatment (Medications, Therapy or Hearing Aids, Surgery), Route of Administration (Oral, Intravenous, Intratympanic and Others), Distribution Channel (Online Pharmacy, Direct Tenders, Retailers and Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Geography (North America, Europe, South America, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Meniere’s Disease Drug Market
Global Meniere’s disease drug Market is expected to grow at a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the high prevalence of hearing disorders and the lack of any approved treatment options. Rising investment in the research & development of treatments for Meniere’s disease is expected to drive the market.
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Market Definition: Global Meniere’s Disease Drug Market
Meniere’s disease is a disorder of inner-ear that typically affects one ear, inner ear is responsible for hearing and balance. This condition can cause vertigo, ringing in the ear (tinnitus), feeling of pressure in the ear, specific type of dizziness in which patient feel like spinning, hearing loss that comes and goes. This is a chronic condition and can lead to permanent hearing loss but treatments and lifestyle changes can help to control the symptoms.
According to the report of National Institute on Deafness and Other Communication Disorders of America, the prevalence of Meniere’s disease is high in America and around 615,000 Americans are suffering from Meniere’s disease and the number of patients increasing every year. Massachusetts Eye and Ear (An international center for treatment and research and a teaching hospital of Harvard Medical School) reported that approximately 60,000 new cases of Meniere’s disease are diagnosed annually.
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Market Drivers
- High prevalence of Meniere’s disease is driving the market growth
- Increasing awareness of this disorder is another important factor for the market growth
- Rising investment in the research & development for the treatments for this disease is expected to drive the market growth
- Government initiative to increase awareness is elevating the market growth
Market Restraints
- Lack of any approved drug or treatment option is restricting the market growth
- Low healthcare expenditure in developing regions also acts as a market restraint
- High cost of treatment for this disease can also hamper the market growth
Segmentation: Global Meniere’s Disease Drug Market
By Type
- Classic
- Vestibular
- Bilateral
By Mechanism of Action
- Anti-Histamines
- Benzodiazepines
- Antinausea
- Diuretics
- Antibiotics
- Steroids
- Others
By Drugs Type
- Meclizine
- Diazepam
- Prochlorperazine
- Hydrochlorothiazide
- Gentamicin
- Dexamethasone
- Others
By Devices type
- Hearing Aid
- Meniett device
By Treatment Type
- Medications
- Therapy or Hearing Aids
- Surgery
By Route of Administration
- Oral
- Intravenous
- Intratympanic
- Others
By Distribution Channel
- Online Pharmacy
- Direct Tenders
- Retailers
- Others
By End-Users
- Hospitals
- Homecare
- Specialty Clinics
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- U.K.
- France
- Spain
- Netherlands
- Belgium
- Switzerland
- Turkey
- Russia
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Australia
- Singapore
- Malaysia
- Thailand
- Indonesia
- Philippines
- Rest of Asia Pacific
- South America
- Brazil
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Key Developments in the Market
- In June 2019, Otonomy Inc. is developing Otividex drug for the treatment of Meniere’s disease which is under Phase 3 clinical trial, in November 2017 Otonomy Inc announced that the AVERTS-2 trial, conducted in Europe, achieved its primary endpoint (p value = 0.029) and Otividex demonstrated clinically significant treatment benefit for patients
- In May 2018, FDA approved IDE study for the treatment of Meniere’s disease and intractable vertigo. In this study simultaneously labyrinthectomy and cochlear implantation can be done in unilateral Meniere’s disease which further assists in determining speech perception, localization and quality of life outcomes
Competitive Analysis:
Global Meniere’s disease drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Meniere’s disease drug market for Global Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Players:
The key market players in the global Meniere’s disease drug market are Abbott, Otonomy Inc., WellSpring Pharmaceutical Corporation, Sound Pharmaceutical, Jubilant Cadista, Auris Medical, Pfizer Inc, Sun Pharmaceutical Industries Ltd, Novartis AG, Abbott, Bayer AG, GlaxoSmithKline plc, Amneal Pharmaceuticals LLC., LUPIN, Sanofi, Solvay, XOMA and others.
Reasons to Purchase this Report
- Current and future of global Meniere’s disease drug market outlook in the developed and emerging markets.
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period.
- The latest developments, market shares, and strategies that are employed by the major market players.
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