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Migraine Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Pfizer Inc., Johnson and Johnson Limited, Merck & Co. Inc., Bayer AG, Novartis AG
Migraine Market Trends
The Business Research Company offers in-depth market insights through Migraine Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The migraine market size has grown steadily in recent years. It will grow from $1.87 billion in 2023 to $1.93 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to increasing prevalence of migraines, growing awareness about migraine treatment, government initiatives, increasing prevalence of alcohol consumption, shifts in lifestyle.
The migraine market size is expected to see steady growth in the next few years. It will grow to $2.15 billion in 2028 at a compound annual growth rate (CAGR) of 2.8%. The growth in the forecast period can be attributed to adoption of combination therapies, growing number of screening programs for migraines, increasing prevalence of smoking habits, awareness of the importance of lifestyle management for migraine. Major trends in the forecast period include innovative treatments for migraines, development of targeted therapies for migraines, advancements in diagnosis and treatment of migraines, digital health technologies for migraine management.
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Market Segmentation:
The main types of migraine are episodic, chronic. Chronic migraine refers to having headaches on at least 15 days each month for at least three months, along with at least 8 days each month with migraine-like symptoms. The various treatment includes preventive and abortive and various drug class include triptans, ergots and others.
Migraine Global Market Report 2023 provides data on the global migraine market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The migraine market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Rising Prevalence Of Migraine Drives Growth In The Migraine Market
The increase in the prevalence of migraine is expected to propel the growth of the migraine market going forward. A migraine is a type of headache that typically affects one side of the brain and produces excruciating throbbing pain or a pulsing sensation. Migraine treatment offers numerous benefits for managing and alleviating the symptoms of migraines by relieving the pain, with improved functionality, reduced frequency and severity, enhanced productivity and quality of life of the people suffering from migraine. For instance, in January 2023, according to Nature Reviews Neurology, a UK-based journal website, globally, the current estimated prevalence of migraine is 14- 15%, accounting for 4.9% of the global population ill health quantified in years (actual year) with disability (YLDs). Therefore, the increase in the prevalence of migraine drives the migraine market.
Competitive Landscape:
Major players in the migraine market are Pfizer Inc., Johnson and Johnson Limited, Merck & Co. Inc., Bayer AG, Novartis AG, Sanofi-Aventis LLC., AstraZeneca PLC, GlaxoSmithKline plc., Eli Lilly and Co Ltd., Amgen Inc., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Limited, Perrigo Company PLC, Dr. Reddy's Laboratories Ltd., Apotex Inc., Hikma Pharmaceuticals PLC, Cipla Limited, Endo Pharmaceuticals Inc., Amneal Pharmaceuticals LLC, Zydus Lifesciences Ltd., Lupin Limited, Torrent Pharmaceuticals Ltd., Almirall S.A., Lannett Company Inc., Wockhardt Limited.
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Top Trend - Innovative Migraine Lens Technology Revolutionizes Treatment To Gain Competitive Advantages In The Market
Major companies operating in the migraine market are focused on developing technological solutions such as migraine lens technology to gain a competitive advantage in the market. Migraine lens technology refers to specialized lenses designed to help people suffering from migraines and light sensitivity. For instance, in July 2023, Zenni Optical Inc., a US-based eyewear retailer, announced its latest technology innovation launch, the FL-41 migraine lenses. These lenses were created to aid persons with light sensitivity owing to migraines, respite from post-concussion and other ailments. Additionally, the lenses block out a spectrum of light that causes eye pain to reduce the risk of migraines and treat active migraines.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Migraine Market Characteristics
3. Migraine Market Trends And Strategies
4. Migraine Market - Macro Economic Scenario
5. Migraine Market Size And Growth
…..
27. Migraine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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