What is Migraine Drugs Market?
According to the Migraine Research Foundation, migraine is affecting 39 million men, women and children in the United States and 1 billion worldwide. A migraine is a severe, recurring and painful headache. Typically, a headache affects one half of the head and lasts for 2 to 72 hours. The patient may have associated symptoms like nausea, vomiting, sensitivity to light, sound and smell. Migraine pain is more common in women as compared to men. There is currently no single cure for a migraine. Migraine treatment is aimed at preventing a full-blown attack and alleviating the symptoms that occur. Recently H. Lundbeck A/S and Alder BioPharmaceuticals (Alder) announced a definitive agreement for Lundbeck to acquire Alder. Alder is a clinical-stage biopharmaceutical company committed to transforming migraine treatment through the discovery, development and commercialization of novel therapeutic antibodies.
The market study is being classified by Type (Abortive Medications {Triptans, Ergots, Anti-nausea Medications, Opioid Medications and Glucocorticoids} and Preventive Medications {Cardiovascular Drugs, Antidepressants, Anti-Seizure Drugs, Pain Relievers, Botox and Aimovig}), by Application (Hospitals, Clinics, Household Use and Others) and major geographies with country level break-up.
Allergan (Ireland), Endo International (Ireland), GlaxoSmithKline (United States), Impax Laboratories, LLC (United States), Pfizer (United States), Abbott (United States), Johnson & Johnson (United States), Avanir Pharmaceuticals, Inc. (United States), Dr. Reddy’s Laboratories (India) and Merck & Co. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Zogenix (United States), Teva Pharmaceutical Industries (Israel), Novartis AG (Switzerland), Sanofi SA (France), H. Lundbeck A/S (Denmark) and Alder BioPharmaceuticals (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Migraine Drugs market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Migraine Drugs market by Type, Application and Region.
On the basis of geography, the market of Migraine Drugs 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increase in Migraine Prevalence
- Hectic Lifestyle of the People
- Increase in Female Population Suffering from Migraine
Market Trend
- High Demand for Anti-Migraine Devices and Headbands
Restraints
- Side Effects of the Drugs Affecting the Growth of the Market
Opportunities
- Demand for Total Cure Medications for Migraine in the Market
- Increasing Awareness Regarding the Treatment
- Growing Number of Online Pharmacies
Challenges
- Lack of Proper Diagnosis
- Less Awareness among the People in Developing Countries
On 17th May 2018, Novartis and Amgen announced that the United States Food and Drug Administration has approved Erenumab (Aimovig) to prevent migraine in adults.
Key Target Audience
Hospital Pharmacies, Retail Pharmacies, Online Pharmacies and End-user