Migraine Drugs Market Anticipated to Grow with the Impressive CAGR of 3.1%: Abbott, Allergan, AstraZeneca, GlaxoSmithKline
However, the side effects of migraine medications are expected to limit the growth of the market. Conversely, new treatments for the treatment of migraine new drugs and growth opportunities in emerging countries are expected to present opportunities for market growth during the forecast period.
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By type, abortion medicine in 2017 occupies more than three-quarters of the world's migraine medicine market. In addition, by oral administration segment, we anticipate a growth rate of up to 3.4% during the forecast period.
North America, along with effective government reforms to raise awareness of migraine and its prevention, was a major revenue contributor to the global market in 2017 due to the surge in demand for better healthcare. However, in the Asia-Pacific region, it is expected to grow at the highest CAGR of 4.4% between 2018 and 2025 due to improved medical infrastructure and better demand for medical facilities.
Major Market Players:
• Abbott Laboratories
• Allergan Plc.
• GlaxoSmithKline Plc.
• Impax Laboratories
• Johnson & Johnson
• Merck & Co.
• Pfizer Inc.
KEY FINDINGS OF THE STUDY:
• North America occupied a two-fifths share of the global migraine drugs market.
• Oral is anticipated to grow with the highest CAGR throughout the forecast period.
• Europe is anticipated to occupy more than one-fourth market share of the global migraine drugs market by 2025.
• Asia-Pacific is anticipated to grow at the highest rate during the analysis period, followed by LAMEA.
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