Press release
Evolving Market Trends In The Migraine Industry: Innovative Migraine Lens Technology Revolutionizes Treatment To Gain Competitive Advantages In The Market
Migraine
What Is the Expected Migraine Market Size During the Forecast Period?
The industry related to migraines has seen consistent growth in past few years. It is expected to expand from a market value of $1.93 billion in 2024 to $1.97 billion in 2025, with a compound annual growth rate (CAGR) of 2.2%. The historic period growth is linked to a rise in migraine cases, heightened awareness regarding migraine therapies, government programs, a surge in alcohol consumption, and alterations in lifestyle.
The migraine market's size is projected to experience consistent expansion in the coming years. It is set to rise to $2.25 billion by 2029, with a compound annual growth rate (CAGR) of 3.3%. Factors contributing to the predicted growth include the uptake of combination therapies, enhanced screening efforts for migraines, a rise in smoking, and increasing awareness about the impact of lifestyle management on migraines. Upcoming trends for this period comprise novel migraine treatments, the creation of targeted therapies for migraines, progress in migraine diagnosis and treatment, and the use of digital health technologies in managing migraines.
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What Are the High-Growth Segments in the Migraine Market?
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
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What Key Drivers Are Expected to Influence Future Migraine Market Growth?
The anticipated surge in migraine occurrences is expected to fuel the growth of the migraine market. Migraines, which are a type of headache that generally affect one side of the brain and are characterized by intense pulsing or throbbing pain, can significantly be managed and alleviated by certain treatments. Such treatments help relieve pain, boost functionality, diminish frequency and intensity, and improve the productivity and life quality of migraine sufferers. For example, Nature Reviews Neurology, a UK-based journal website, stated in January 2023, that the global prevalence of migraines is projected to be 14-15%, accounting for 4.9% of the world's ill health in terms of Years Lived with Disability (YLDs). Consequently, the predicted growth in migraine prevalence will spur the migraine market's growth. Migraine Market Driver: Escalating Migraine Market Boosted by the Growing Cases of Stress
Which Companies Hold the Largest Share Across Different Migraine Market Segments?
Major companies operating 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.
What Trends Are Driving Growth in The Migraine Market?
Leading organizations in the migraine industry are concentrating on the creation of technological advancements, such as the specialized migraine lens technology, to establish a competitive edge in the market. Essentially, these migraine lenses are specifically designed to provide relief for individuals who suffer from migraines and sensitivity to light. In an example from July 2023, a US-based eyewear company named Zenni Optical Inc. revealed their newest technological upgrade, referred to as the FL-41 migraine lenses. These particular lenses were developed with the aim to assist individuals who experience light sensitivity due to migraines, thereby offering respite from post-concussion symptoms and other disorders. Further, these lenses have the capacity to filter out a range of light frequencies that often result in eye discomfort, thereby lowering the potential for migraines and providing relief during active migraines.
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What Are the Emerging Geographies for The Migraine Market Growth?
North America was the largest region in the migraine market in 2024. The regions covered in migraine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Migraine Market?
2. What is the CAGR expected in the Migraine Market?
3. What Are the Key Innovations Transforming the Migraine Industry?
4. Which Region Is Leading the Migraine Market?
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The increase in the prevalence of migraine, the rapid increase in the female population and the increased awareness among patients for the treatment and prevention of migraine are driving the growth of the global market for anti-migraine drugs.
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