Easy Availability of Treatment to Work in Favor of Global Nausea Medicine Market
Market Highlights:
The global Nausea Medicine Market
is set to expand at CAGR of 7.2%
during the forecast period (2017-2023), rep0orts Market Research
Future (MRFR). Nausea is a kind of stomach
distress with involuntary urge to vomit
due to a number of factors, such as
stomach upset or gastric ulcers. Nausea is common among children and pregnant
women. Few common indications of nausea
are motion sickness, seasickness, medication, and
chemotherapy.
Drivers:
There has been an
increase in gastrointestinal diseases such as gastroesophageal reflux disease
(GERD), and viral gastroenteritis, which are mainly responsible for nausea.
This increase is bound to propel the market growth in coming years as well. Moreover, availability
of a wide range of treatment for nausea is envisaged to fuel the market growth.
Apart from this, changing lifestyle with shift in dietary habits has brought about a
positive influence on the market size.
Competitive Analysis:
·
Pfizer
·
GlaxoSmithKline
·
ANI Pharmaceutical
·
Merck & C
·
Sanofi
·
TESAR
·
F. Hoffmann-La Roche Ltd
Restraints:
Although the
market is treading on a positive growth path, it will encounter some
restraining factors. These are namely
high preference for home remedies, particularly in emerging regions. Ingredients
like ginger, lemon, garlic and such food items give tough competition to the conventional form of treatment.
However, it is also observed that these home remedies are
temporary solutions, without healing completely. Thus, the market for nausea
medicine will remain unaffected, as stated by industry experts.
Market Segmentation:
·
The global nausea medicine market is
segmented into type, mode of administration, indication and end user.
·
By type, the market is segmented
on the basis of antacids, antagonists,
anti-anxiety drugs, steroids, cannabinoids and others. Antacids are sub-segmented
into serotonin (5-HT3) antagonists, NK-1 antagonists and dopamine antagonists.
·
Based on mode of
administration, the market is segmented
into intravenous therapy (IVs), tablets and others. The tablets segment is
surging at a swift growth rate as nausea
tablets are easier to take and are more
convenient to consume.
·
By indication, the market is
segmented into gastroesophageal reflux disease (GERD), viral
gastroenteritis, motion sickness and seasickness, medication, chemotherapy, and others. With increasing number of patients experiencing nausea associated with
chemotherapeutic drug use, the segment of chemotherapy-induced
nausea is growing at an exceptional rate.
·
Based on end user, the
market is segmented into hospitals,
clinics, pharmaceutical companies and others.
Regional
Analysis
The Americas claims the largest market
for nausea medicine on account of rising prevalence of gastrointestinal
diseases such as GERD. Also, the prevalence
of nausea is increasing among school-going
children, further pushing the market growth upward. Prevalence of viral gastroenteritis is growing in the United States
(U.S), particularly among the pediatric population. Furthermore, the prevalence of acute gastrointestinal diseases
is found to be high in Canada, which has been instrumental in the market
expansion in the region as well.
Europe has secured the second largest
market for nausea medicine due to the high prevalence of nausea and vomiting
among pregnant women, the population of which is increasing consistently in the
region. In addition, there is a massive demand
for the diagnosis and treatment of nausea, especially among pregnant women
which will fuel the market growth in Europe. There is also prevalence of chemotherapy-induced
nausea in the region which is increasing
steadily. This factor will play a stellar role in increasing the demand for nausea medicine in the region in the foreseeable future.
The APAC market is projected to grow
at the fastest rate on the back of changing lifestyle and growing geriatric
population. Also, increasing cases of viral gastritis and gastric ulcer in the
region has spurred the demand for nausea medicines in the region.
Lastly,
the Middle East & Africa have exhibited a steady rise in the market, which
can be attributed to rising prevalence of chemotherapy-induced nausea
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