About Migraine Therapeutics
Research and development are being initiated and new programs are being launched to increase the market access for migraine therapeutics. Genetic formulations are also in the process of testing for Migraine therapeutics which are driving the market. It basically deals with the treatment of acute and chronic states of a migraine. This therapeutics can be preventive or abortive and determines the treatment of migraine. Migraine is a neurological disease which is prevalent globally and is also reported that frequent use of some medicines or overdose can also lead to a migraine. According to Migraine Research Foundation, 17.4% Women are exposed to a migraine as compared to men (6%) due to fluctuation in female reproductive hormones like estrogen and results in a migraine. Due to this fluctuation, they are found less responsive to such therapeutics.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented due to a number of key players offering various therapeutics to treat the increasing prevalence of migraine. The migraine therapeutic industry will support clients and identify new growth opportunities and strategies in the forecast period.The Players having a strong hold in the market are Eli Lilys. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Migraine Therapeutics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alder BioPharmaceuticals (United States), Allergan (Ireland), Amegen (United States), Eli Lilly and Company (United States), Teva Pharmaceuticals Industries (Israel), Amirall (Spain), AstraZeneca (United Kingdom) and Merck (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Revance Therapeutics (United States), OptiNose (United States) and RedHill Biopharma (Israel).
Segmentation Overview
AMA Research has segmented the market of Global Migraine Therapeutics market by Type (Drugs and Devices), Application (Treatment and Therapeutic agent) and Region.
On the basis of Type, Drugs are dominating the market in the year 2023On the basis of geography, the market of Migraine Therapeutics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Type, the sub-segment i.e. Type 1 will boost the Migraine Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Treatment, the sub-segment i.e. Preventive treatment will boost the Migraine Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing awareness programs among patients related to the treatment of migraine., Increasing the popularity of devices for the treatment of migraine, The rising popularity of devices for the treatment of migraine and Increasing unmet demands.
Market Growth Drivers:
High incidence of patients suffering from migraine, Increasing awareness about migraine therapeutics and Improvement inaccurate diagnosis for a condition like migraine.
Challenges:
Side effects of drugs of migraine and Increased preference for alternative drugs.
Restraints:
Lack of proper and undiagnosed cases of migraine, Adverse effects of drugs of migraine and Increasing preferences of alternative drugs.
Opportunities:
The increasing number of cases of migraine reported is providing opportunities for the key players to adopt new strategies in this market.
Market Leaders and their expansionary development strategies
In October 2022, Pfizer Inc. has acquired of Biohaven Pharmaceutical Holding Company Ltd., the maker of NURTEC ODT (rimegepant), an innovative migraine therapy approved for both acute treatment and prevention of episodic migraine in adults.
In November 2023, Dr Reddy's Laboratories, a pharmaceutical company, has launched Nerivio in India. Nerivio, is a United States Food and Drug Administration (USFDA) approved wearable therapy device for drug-free management of migraine. Migraine is a global health challenge, affecting around 30% of adults
Key Target Audience
Healthcare providers, Government agencies, Distributors and Suppliers and Pharmaceutical industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.