Migraine Drugs Market Expected To Reach USD 10.86 Billion By 2030 - Reports and Data

According to the current analysis of Reports and Data, the global Migraine Drugs market was valued at USD 2.91 Billion in 2021 and is expected to reach USD 10.86 Billion by the year 2030, at a CAGR of 15.6%.

Migraine treatments are intended to stop the symptoms or for preventing future attacks on the patients. The factors driving the growth of the target market include the increasing awareness about novel drug classes and the rising incidence of migraines problems across the globe. Also, the launch of calcitonin gene-related peptide (CGRP) is expected to drive the growth of this industry. Migraine is defined as a type of intense and recurring headache accompanied by phonophobia, photophobia, and nausea. The condition arises due to genetic origins. However, emotional imbalances such as depression, stress, anxiety, shock, and excitement can trigger migraine attacks.

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The pharma and healthcare industry is expected to observe significant growth over the coming years attributed to the increasing incidence of chronic diseases across the globe, growing geriatric patient pool, availability of advanced and minimally invasive surgical and diagnostics procedures, favorable reimbursement scenario, and presence of a robust product pipeline of drugs and therapeutics. In addition, the growing integration of IoT, ML, and AI in medical procedures and equipment along with rapid progress in drug design and development. A combination of innovation and technology has brought about massive changes in the healthcare industry and the rapid adoption of telemedicine, remote consultation, and e-prescription has significantly contributed to the revenue growth of the market.

Research Methodology:

Reports and Data utilizes a unique approach to research to offer a comprehensive overview of the global Migraine Drugs Market to offer insights into investment opportunities for stakeholders, investors, clients, and businesses to make informed decisions. The report includes SWOT analysis, Porter's Five Forces analysis, feasibility analysis, and investment return analysis to offer a better understanding of the market scenario.

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Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in the healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register the highest market growth over the forecast period attributed to the increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.

The growing popularity of over-the-counter medications driving market growth

Growing incidence of acute and chronic diseases and lesser access to advanced medical facilities owing to low disposable income levels are driving the demand for over-the-counter medications. Availability of generic and low-cost alternatives to medical therapies are some other factors playing a major role in driving demand for over-the-counter medications.

Restriction on product launches and R&D activities to hamper the market growth

The imposition of strict government regulations and shortage of funds has put a halt on product launches and R&D activities and is expected to restrain market growth over the forecast period. In addition, the launch of expensive drugs and therapies and increasing regulations regarding safety and approvals are also hampering the market growth.

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Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.

The global migraine drugs market is highly fragmented with major players like Pfizer, GlaxoSmithKline, Allergan, Amgen, Eli Lilly, Teva Pharma, Biohaven Pharma, Abbott Laboratories, Johnson & Johnson, and Valeant Pharma, collectively constituting a competitive market.

Migraine Drugs Market Segmentation:

Product Outlook (Revenue, USD Billion; 2019-2030)

Pain relieving medication
Pain relievers
Triptans
Opioid medication
Anti-nausea drugs
Others
Preventive medication
Blood-pressure lowering medication
Anti-depressant
Anti-seizure drugs
Botox injection
Calcitonin gene-related peptide
Route of administration Outlook (Revenue, USD Billion; 2019-2030)

Oral
Injectable
Nasal sprays
Distribution channel Outlook (Revenue, USD Billion; 2019-2030)

Hospital-Based Pharmacies
Retail Pharmacies
Online pharmacies
Regional Outlook:

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
Latin America (Brazil, Rest of LATAM)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
Frequently asked questions addressed in the report:

What is the revenue growth rate of the global Migraine Drugs market over the forecast period?
What are the major factors driving the growth of the Global Migraine Drugs Market?
What are the key challenges impacting the global Migraine Drugs market growth?
What are the outcomes of the SWOT Analysis and Porter's Five Forces Analysis conducted in the report?

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