Motion Sickness Treatment Market Size Expected to Reach USD $876.8 Million with CAGR of 3.4% by 2030 – IndustryARC
Research Reports
Oct 11, 2023
Motion Sickness Treatment Market Size Expected to Reach USD $876.8 Million with CAGR of 3.4% by 2030 – IndustryARC
Market growth is being propelled by several factors, including a rise in global travel, increased virtual reality exposure, and a surge in the utilization of prescription medications for motion sickness.
Motion Sickness Market size is valued at USD $402.4 Million in 2022 and is expected to reach a value of USD $876.8 Million by 2030 at a CAGR of 3.4% during the forecast period 2023-2030. The motion sickness treatment market encompasses a range of pharmaceutical interventions aimed at alleviating symptoms associated with motion-induced nausea and vomiting. Prescription medications like scopolamine patches and meclizine are commonly prescribed to manage severe cases, while over-the-counter remedies, including herbal supplements and antihistamines, are widely used for milder symptoms. These medications provide relief by targeting the physiological responses triggered during motion exposure.
Motion Sickness Treatment Market Current and Future Trends
The pharmaceutical industry has undergone transformative shifts with the adoption of cutting-edge technologies and streamlined manufacturing techniques, enhancing efficiency and cost-effectiveness. Increased investments in this sector have bolstered its growth trajectory. The integration of robotic technology and artificial intelligence has notably reduced manufacturing floor downtime and minimized product waste, contributing to improved operational efficiency.
For instance, according to Vestibular Disorders Association (VeDA), motion sickness is a concern for each person, but around 12% of the population is majorly prone to it than others.
Precision Medicine and Personalization: Advancements in genetics and biomarker research may lead to personalized treatments tailored to an individual’s genetic predisposition or physiological response, making therapies more effective and reducing side effects.
Digital Therapeutics and Mobile Health (mHealth) Solutions: Mobile applications and wearable devices will continue to play a significant role. These may offer real-time monitoring, behavioral therapies, and personalized interventions, allowing users to manage symptoms effectively.
Browse Table of Contents of the Full Report:
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Motion Sickness Treatment Market Report – Scope:
- The Motion Sickness Treatment Market has been segmented By Treatment Type, Route of Administration, Distribution Channel, End User, and geography. The report provides insights into the market dynamics, including market drivers and challenges.
- Motion Sickness Treatment Market with top country data and analysis. The report also highlights the market potential, growth rates, and alternative relevant statistics.
- The competitive landscape section features company profiles of major players such as Prestige Consumer Healthcare Inc. and Novartis AG. This report is a valuable source of guidance and direction for companies and individuals interested in the market.
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The top 10 players in the Motion Sickness Treatment industry are:
- Prestige Consumer Healthcare Inc.
- Baxter International Inc.
- Novartis AG
- Abbott Laboratories
- Sun Pharmaceutical Industries Ltd.
- Viatris Inc.
- Zydus Lifesciences Limited
- WellSpring Pharmaceutical Corporation
- Myungmoon Pharm Co Ltd
- CVS Health
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