Press release
Migraine Treatment Market: Riding a CAGR of 9.4%, Key Drivers, and Trends for 2024-2025
Migraine Treatment Market
Migraine Treatment Market is projected to surge from $3.18 billion in 2024 to $3.48 billion in 2025, propelled by increased prevalence of migraines, healthcare expenditure, better drug formulations, and novel therapies.
What Is The Projected Market Size Of The Global Migraine Treatment Market And Its Growth Rate?
• The market stood at $3.18 billion in 2024.
• It's set to reach $3.48 billion in 2025, growing at a compound annual growth rate (CAGR) of 9.4%.
• The growth in the historic period is attributed to increased prevalence of migraines, increased healthcare expenditure, improved drug formulations, expansion of clinical research, and development of novel therapies.
• The market is forecasted to grow to $5.32 billion by 2029 at a CAGR of 11.2%.
• The forecast period growth is driven by increasing awareness and education, emergence of monoclonal antibodies, rising focus on pediatric migraines, expansion of non-pharmacological interventions, and global initiatives for migraine research.
What Is Driving The Growth In The Migraine Treatment Market?
Prolonged screen exposure, resulting from increased dependency on digital devices, is driving the migraine treatment market. The time spent on electronic screens such as smartphones, tablets, computers, and televisions has seen an increase due to elevated remote work, online education, digital entertainment, and reliance on technology for social interaction. Market growth is evidenced by an increase in screen time by 52% in 2022 compared to 2021, with nearly 25% of children and young people showing smartphone usage patterns consistent with behavioral addiction.
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Who Are the Key Players Driving Migraine Treatment Market Growth?
• Pfizer Inc.
• Eli Lilly and Company
• Amgen Inc.
• GlaxoSmithKline PLC
• Novartis AG
• Bayer AG
• Allergan PLC
• Abbott Laboratories
• Allodynic Therapeutics LLC
• AOBiome LLC
• AstraZeneca PLC
• Bausch Health Companies Inc.
• Boehringer Ingelheim International GmbH
• Dr. Reddy's Laboratories Limited
• Impel Pharmaceuticals Inc.
• AbbVie Inc.
• Alder BioPharmaceuticals Inc.
• Astellas Pharma Inc.
• Biohaven Pharmaceutical Holding Company Ltd.
• Bristol-Myers Squibb Company
• Daiichi Sankyo Company Limited
• Eisai Co. Ltd.
• Endo International PLC
• Impax Laboratories Inc.
• Johnson & Johnson Inc.
• Lannett Company Inc.
• Lupin Limited
• Merck & Co. Inc.
• Mylan N.V.
What Are The Key Trends In The Migraine Treatment Market?
• Advancements in therapeutic approaches
• Wearable devices and digital therapeutics
• Telemedicine and remote consultations
• Patient-centric care models
• Generic drug market growth
• Oral CGRP inhibitors
What Are The Segments Of The Global Migraine Treatment Market?
1) By Types: Episodic, Migraine With Aura, Chronic, Other Types
2) By Treatment: Acute Or Abortive Treatment, Preventive Or prophylactic Treatment, Non-Pharmacological Therapies And Devices
3) By End-User: Hospitals, Clinics, Homecare, Other End-users
Which Region Leads The Migraine Treatment Market?
In 2024, North America emerged as the largest region in the migraine treatment market. The report also covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Migraine Treatment Market Global Market Report?
- Market Size Analysis: Analyze the Migraine Treatment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Migraine Treatment Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Migraine Treatment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Migraine Treatment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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