Market Overview and Forecast:
Market Research Future has a Half Cooked Research Report on Benign Positional Vertigo Market. The Benign Positional Vertigo Market was around USD 605.9 million in 2016 and is expected to reach USD 797.3 million by 2023 and expected to grow at a CAGR of 4.1% from 2017 to 2023.
The Global Benign Positional Vertigo Market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Increasing demand for new medicines and treatments are key driving forces of the global benign positional vertigo market. Furthermore, increasing investment in R&D is another key driver for the market growth. Hospitals and medical professionals are working on new treatment options to cure benign positional vertigo which leads to market growth.
Global benign positional vertigo Market has been segmented on the basis of type which Benign, Paroxysmal, Positional, Vertigo, and others. On the basis of diagnosis, it is segmented into Electroencephalogram (EEG), Electronystagmography (ENG), Head CT, Head MRI, Hearing test, Magnetic resonance angiography, Caloric stimulation, and others. On the basis of treatment, the market is segmented into Canalith repositioning (sub-segmented into Semont-Toupet Maneuver, Epley Maneuver), Surgery (Posterior Canal Plugging, Laser assisted posterior canal plugging), medication (Antihistamines, Scopolamine, Sedatives), and others.
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Major Players and Competitive Analysis:
There are plenty of large and small market players which operate in this market: Some of the key players in this market are: Ambu A/S (Denmark), DizzyFix (Canada), DizzyStop (US), Dr. Reckeweg & Co. GmbH (Germany), Ocean Global (U.K.), Vertisil (US), SIDIS LABS LLC (US), and Others.
Increasing number of patients suffering from benign positional vertigo is leading the growth for market. Increasing R&D and innovative product development are major driving forces of benign positional vertigo market. Key players are offering various products and everyone owns their specific product portfolio. Companies are investing money in R&D to develop more usable product for the market. Many companies are collaborating with hospitals, research laboratories and medical professionals to provide better solutions to the patients. Additionally, increasing adoption of new treatments or therapies and new products are creating competition in this market. Majority of players are operating from North America or Europe region but they are now focusing on developing economies where healthcare sector is growing rapidly.
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Considering the global scenario of the benign positional vertigo market, North America is holding largest market share in global benign positional vertigo market in 2016. While the European market is second largest market and Western Europe region is the growing with the fastest rate in European market. Due to developing healthcare sector, rising healthcare spending and increasing awareness of disorder and therapies, Asia-Pacific region will be fastest growing market for benign positional vertigo during the forecast period from 2017-2023. On the other hand, Middle East and Africa is expected to grow at steady pace during the forecast period.
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