Motion sickness is characterized by a set of symptoms such as dizziness, nausea, and fatigue. It is commomly experienced by a person while traveling due to differences in impulses in the eyes, other body tissues, and sensory receptors. It is most commonly observed among children and geriatrics.
MARKET SCOPE
The “Global Motion Sickness Drug Market Analysis to 2028″ is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Motion Sickness Drug market with detailed market segmentation by treatment type, distribution channel, and geography. The report provides key statistics on the market status of the leading motion sickness drug market players and offers key trends and opportunities in the market.
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MARKET SEGMENTATION
- Based on treatment type, the global motion sickness drug market is segmented into Anticholinergics, Antihistamines, Others.
- On the basis of distribution channel, the market is segmented into retail pharmacies, online pharmacies, others.
MARKET DYNAMICS
Drivers-
- Increasing number of travellers.
- Rsising international toursim.
- Rise in adoption of prescription motion sickness drugs.
Restraints-
- Excessive dependency on traditional medicines
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Motion Sickness Drug market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Motion Sickness Drug market in these regions.
IMPACT OF COVID-19 ON MOTION SICKNESS DRUG MARKET
The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Tourism and hospitality businesses have been profoundly affected by COVID-19. International tourism has been highly affected due to travel bans on account of growing COVID-19 cases. Also, restrictions on travelling further affecting the demand of the market. Therefore, the COVID-19 has negatively impacted the growth if the motion sickness drug market.
MARKET PLAYERS
The report covers key developments in the Motion Sickness Drug market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Motion Sickness Drug market are anticipated to lucrative growth opportunities in the future with the rising demand for Motion Sickness Drug in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Motion Sickness Drug market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- GlaxoSmithKline plc
- Perrigo Company plc
- Prestige Consumer Healthcare Inc.
- WellSpring Pharmaceutical Corporation
- Caleb Pharmaceuticals Inc
- Myungmoon Pharm Co. Ltd
- Baxter International Inc
- CVS Health
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