Migraine Market Projections Highlighting Primary Trends until 2026-Theranica Bio-Electronics LTD, electroCore, Inc.,Cirrus Healthcare Products

Migraine Market with COVID-19 Impact by Component, Application, Services, and Region- Forecast to 2026

According to the new Migraine Market Research report 2021-2026 is easy to understand the detailed analysis. The report published by Market Insights Reports represents the context of current and future trends driving global Migraine Market growth. The research report is thoroughly compiled to assist the clients in gaining insights (upcoming identifiers). The research analysts provide accurate forecasts for the Migraine Market and its sub-markets over the timeframe with SWOT and value chain analysis. The segmentation in Migraine Research study has been finalized post-in-depth secondary research and extensive primary research.

The global migraine market was valued at $1,713 million in 2017, and is expected to reach $2,190 million by 2026, growing at a CAGR of 3.1% from 2018 to 2026. 

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Top Companies in the Global Migraine Market are- Theranica Bio-Electronics LTD, electroCore, Inc.,Cirrus Healthcare Products, Cefaly, eNeura Inc., Prolivio, Neuros Medical, Salvia Bioelectronics, BMedical Pty Ltd., and Neurolief Ltd, among others.

Migraine Treatment Devices: Market Dynamics
Market Drivers
The rising prevalence of migraine.
The increasing availability of over-the-counter treatment devices.
Market Barriers
High product pricing.
Limited scope of applicability in patients with co-morbidities.

Key Market Trends-

-Rise in prevalence of migraine drives the migraine drugs market. Moreover, increase in female population and surge in awareness among patients related to prevention and treatment of migraine are the key factors that augment the growth of the market. However, side effects associated with migraine drugs is a factor that hinders the market growth. On the contrary, the presence of growth opportunities in emerging nations is expected to provide new opportunities for the key players.
-Migraine pain is commonly prevalent in women as compared to men. According to the Migraine Association of Ireland, the ratio of female migraineurs to male migraineurs was found to be 3:1 in the global population in 2018.

-Rise in focus of vendors on the emerging markets, such as Asia-Pacific and LAMEA, is expected to boost the market growth. Asia-Pacific is projected to witness significant growth in future, owing to rise in demand for better healthcare facilities and improvements in healthcare infrastructure.
Furthermore, this region presents remarkable opportunities for the venture capitalists and investors, as the developed markets are comparatively saturated.

-This report fragments the Global Migraine Market based on Types are-

Handheld
Wearable
Implantable

-Based on Application, the Global Migraine Market are divided into-

Hospitals
Clinics
Homecare Settings

Migraine Treatment Devices Overview
Migraine is a neurological disorder, which involves nerve pathways and brain chemicals. It is an uncertainty in the way the brain deals with incoming sensory information, and that uncertainty can be influenced by physiological changes like sleep, exercise and hunger and is one of the most common and most prevalent neurological diseases with extremely incapacitating neurological symptoms. Migraine treatment devices are consider as medical devices that bring about effect on the neural activity in the brain with the aim to relieve pain as well as in some cases, prevent headaches from occurring altogether.

Industry News And Updates-

Global Chronic Migraine Treatment Market: Dynamics

High Prevalence of Migraine and Increasing Transition from Episodic to Migraine to Drive the Market

-According to a report by the World Health Organization (WHO), in 2013, migraine was the 6thmost common cause for a year lost due to disability across the globe. According to a study, titled “Lifting the Burden”, conducted by World Health Organization and other prominent institutes in 2011, the prevalence of migraine across the globe was around 11.0%. Other independent studies suggest this prevalence to be around 14.7%. Prevalence of migraine among females is supposed to be 2 to 3 times more than in men.
-According to The Migraine Trust of the U.K., around 2% of the world population is estimated to be affected by chronic migraine. Furthermore, it is estimated that around 2 to 3% of episodic migraine patients transitioned to chronic migraine patients. Migraine attacks are triggered by various factors such as environmental change, hormonal imbalance, and dietary change. Rise in incidences of these triggering factors is projected to increase the number of episodic migraine patients, which in turn, is likely to increase chronic migraine patients’ population.

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Market Dynamics and Key Highlights from the report:

 1- An increase in the prevalence of anaphylactic shock, a rise in awareness about these devices, and preferences of patients to choose self-administration of injections are the key factors propelling the overall market.

2- Market growth is largely driven by the growing prevalence of targeted therapies, the rising incidence of anaphylaxis, rising preference for self-administration of drugs, usability advantages, the increasing number of regulatory approvals, the availability of generic versions of Migraine, favorable reimbursements and government support, and technological advancements. The patent expiry of biologics is also expected to provide growth opportunities for players in the market.

3- The Migraine market segment accounted for the largest share of Migraine market in 2020.

4- Migraine segment accounted for the largest share of Migraine market in 2020.

5- Asia Pacific is projected to witness highest CAGR during the forecast period of 2020–2025.

6- Home care settings segment accounted for the largest share of the Migraine market in 2019

Other Value additions available with the standard report:

We can also provide the following additional customization and information at an additional cost and delivery time:

1- A detailed country wise market share analysis of the various companies and their brands.

2- We can also provide country wise analysis of the market for more specific market segments.

3- We can also provide a detailed pipeline report for the devices and related drugs for better understanding of the market.

Please Note: All the above points come under additional customization and the costs can be confirmed with our sales team : sales@marketinsightsreports.com.

Related Reports-

https://www.marketinsightsreports.com/reports/04192803306/global-migraine-headache-drugs-market-growth-status-and-outlook-2021-2026?Mode=Akkshata

https://www.marketinsightsreports.com/reports/04192796765/global-acute-migraine-drugs-sales-market-report-2021?Mode=Akkshata

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