Market Size of Motion Sickness Treatment Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Motion Sickness Treatment Market Analysis
During the forecast period, the market for medicines to treat motion sickness is expected to register a CAGR of 3.0%.
The COVID-19 pandemic affected healthcare systems globally and resulted in the interruption of usual care in many healthcare facilities, exposing vulnerable patients with cancer to significant risks. According to a CDC article, the number of international tourist arrivals worldwide fell by 73% in 2020 compared to the previous year due to the impact of the coronavirus (COVID-19) pandemic.The global volume of international visitor arrivals reached 415 million in 2021, up 4% from 2020 but still far below pre-pandemic levels. Thus, the low tourist arrivals due to the complete lockdown have impacted the growth of the studied market. However, as restrictions are lifted and tourism resumes in countries, the market is expanding, and international arrivals are expected to return to pre-pandemic levels in two to three years.
Factors such as an increase in the number of travelers and virtual reality exposure around the world, as well as an increase in the use of prescription motion sickness drugs, are driving market growth.
The rise in the number of travelers across the globe is increasing motion sickness, which further boosts the demand for motion sickness treatment. For instance, according to the data published by the UNWTO, in November 2022, an estimated 700 million tourists traveled internationally between January and September of that year, an increase of more than twice the number of tourists who traveled for the same period in 2021. In addition, as per the same source, more than 477 million tourists traveled in Europe in January-September 2022, reaching pre-pandemic levels by 81%. Thus, the increasing number of people traveling across countries increases the risk of experiencing motion sickness, which in turn is expected to increase the demand for effective drugs that reduce the symptoms, hence propelling the market's growth.
Additionally, as per an article published in Frontiers in Bioengineering and Biotechnology in April 2021, it has been observed that females experience more symptoms of motion sickness than males in virtual reality (VR). Thus, the high burden of motion sickness, especially in females, is expected to increase the demand for antihistamines and anticholinergic drugs that block the emetic H1-receptors to prevent motion sickness. This is anticipated to augment market growth over the forecast period.
Furthermore, the rising company's focus on launching products that treat and reduce motion sickness symptoms is also contributing to market growth. For instance, in August 2021, Reliefband launched Reliefband Sport, a new IPX7-designated waterproof wearable therapeutic device that offers user-controlled therapy to prevent and treat nausea and vomiting associated with motion sickness, morning sickness from pregnancy, anxiety, hangovers, physician-diagnosed migraines, chemotherapy, and as an adjunct to antiemetics in treating post-operative nausea.
Therefore, owing to the aforementioned factors, the studied market is expected to grow over the forecast period. However, the reluctance in emerging countries due to the higher cost of prescription drugs and excessive reliance on OTC and traditional medicines is likely to hinder the growth of the market over the forecast period.
