Pune, Maharashtra, India, November 3 2020 (Wiredrelease) Data Bridge Market Research –:Data Bridge Market Research has recently added a concise research on the Global Meniere’s disease drug market to depict valuable insights related to significant market trends driving the industry. A market research analysis and estimations carried out in the credible Global Meniere’s disease drug market research report guides businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to be followed for outdoing the rivals. The report is bifurcated into several attributes which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again detailed in the report as required to describe the topic and provide maximum information for better decision making. Effortlessness maintained in research method and application of best tools and techniques makes Global Meniere’s disease drug market report an exceptional one.
The market data analysed and evaluated in the world class Global Meniere’s disease drug market report makes to achieve the business goals and objectives in preset time frame. This market research report endows with productive ideas which in turn help to make the product more effective and striking in the competitive market. This report covers the specific study of the industry which explains what the market definition, classifications, applications, engagements, and global industry trends are. The Global Meniere’s disease drug market research report takes into account key product developments and tracks recent acquisitions, mergers and research in the industry by the key market players.
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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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.
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.
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 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
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
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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