Press release
Migraine Market Report 2024-2033 | Size, Trends, Analysis, Insights, Overview
Migraine Market
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.
Market Overview -
A migraine is a neurological disorder characterized by recurring episodes of severe and debilitating headache, often accompanied by other symptoms such as nausea, vomiting, sensitivity to light (photophobia) and sensitivity to sound (phonophobia). Migraines are typically one-sided and throbbing and can last a few hours to several days. Treating migraines involves a combination of approaches aimed at relieving the immediate symptoms during an attack and preventing future migraine episodes.
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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.
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.
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Key Segments -
The migraine market covered in this report is segmented -
1) By Type: Episodic; Chronic
2) By Treatment: Preventive; Abortive
3) By Drug Class: Triptans; Ergots; Other Drug Classes
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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