Migraine Drugs Market Analysis
The global migraine drugs market size is predicted to grow at a 3.65% CAGR between 2022-2030, states the new Market Research Future (MRFR) report. Migraines, simply put, are severe, painful, and recurring headaches, which can be accompanied or preceded by sensory warning symptoms and other signs. Its causes are not yet known but triggers that may set of migraine include hormonal changes in women, emotional triggers such as stress, depression, anxiety, or excitement, physical causes such as poor posture, insufficient sleep, or tiredness, triggers in the diet such as caffeine and alcohol, dehydration and irregular mealtimes, taking medications such as contraceptive pills, sleeping pills, or hormone replacement therapy medications, and triggers in the environment such as bright lights, loud noise or flickering screens. Migraine is of two types- chronic and episodic.
Various factors are propelling the migraine drugs market growth. These factors, as stated by the latest Market Research Future (MRFR) report, include a rising focus on development on migraine drugs, lifestyle changes, unhealthy food consumption, awareness programs undertaken by organizations on prevention as well as treatment of migraine, and high unmet needs. Additional factors propelling the migraine drugs market growth include stressed lifestyle, patent expiration, rising female population, launch and FDA approval of new drugs, increasing incidence of migraines, increasing healthcare expenditure, and awareness about prevention as well as treatment of migraine.
On the flip side, the dearth of proper diagnosis, increasing preference of alternative therapies, regulatory challenges, high investment for drug research & development, strict government regulations, and side effects resulting from migraine drugs are factors that may impede the migraine drugs market growth over the forecast period.
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Market Segmentation
The MRFR report provides an all-inclusive segmental analysis of the migraine drugs market on the basis of drug class, treatment, end user, and type.
Based on type, the migraine drugs market is segmented into chronic and episodic migraine. Of these, the episodic migraine will have maximum share in the market over the forecast period.
Based on treatment, the migraine drugs market is segmented into neuromodulation, preventive, acute, and others. Of these, the acute segment will command the largest share in the market over the forecast period owing to its high prevalence and availability of several drugs to treat acute migraines.
Based on drug class, the migraine drugs market is segmented into triptans, anticonvulsants, tricyclics, angiotensin blockers, beta-blockers, and others. Of these, the triptans segment will lead the market over the forecast period for its high efficacy.
Based on end user, the migraine drugs market is segmented into research and academic institutes, hospitals and clinics, and others. Of these, hospitals and clinics will dominate the market over the forecast period for being primary treatment centers for patients.
Regional Analysis
By region, the migraine drugs market report covers the latest trends and growth opportunities across the Middle East and Africa, Europe, the Asia Pacific, and the Americas. Of these, the Americas will remain the driving force in the market over the forecast period chiefly on account of the rising research and development activities undertaken by the key players in this region and the rising prevalence of migraine.
The migraine drugs market in Europe is predicted to have the second-largest share in the market over the forecast period, followed by the APAC region. Factors pushing the growth of the migraine drugs market in the region include strategic initiatives undertaken by key players, government initiatives to offer better healthcare infrastructure in emerging economies, growing awareness about migraine, a growing number of patients having neurological diseases, and growing geriatric population.
The migraine drugs market in the MEA is predicted to have stable growth over the forecast period.
Key Players
Prominent players profiled in the migraine drugs market report include eNeura Inc., Eli Lilly and Company, Amgen Inc (US), Johnson & Johnson Services, Inc. (US), AstraZeneca Plc (UK), Teva Pharmaceutical Industries Ltd (Israel), Merck & Co., Inc. (US), GlaxoSmithKline Plc (UK), Pfizer Inc. (US), Alder Biopharmaceuticals, Inc. (US), and Allergan Plc (Ireland).
Industry News
October 2019: Eli Lily has finally received the FDA nod for Reyvow for treating patients having an acute migraine. This is the sole drug of its class, serotonin 1F receptor agonist that has received FDA approval for migraine without or with aura. It can also help to reduce symptoms such as nausea, sound sensitivity, and light sensitivity due to migraines.
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