Market Highlights
The Global Migraine Market has been evaluated as growing market and expected that the market will reach high growth figures. Migraine is a common neurovascular syndrome that is characterized by throbbing headaches and is commonly linked with other neurological symptoms, such as nausea, vomiting, and painful sensitivity to lights and sounds. Migraines are thought to consequence from the activation and sensitization of sensory neurons that have nerve endings in meningeal blood vessels.
The global migraine market currently faces several unmet needs and is drenched with the availability of generic drugs. Several branded drugs are under progress with safer and more effective profiles, given the vast opportunities present in the market. The focus of upcoming drugs is to either cure migraine or to reduce the frequency to a level where patients can find bearable relief.
The migraine market is expected to acquire retiring growth driven by launch of new therapies and increasing rate of drug treatment due to growing female population and rising awareness among physicians and patients. The major growth drivers of the migraine market includes rising spending on medicines, growing female population, increasing cigarette consumption and healthcare expenditure by the individuals. However, the growth of the market will also remain challenged or restricted by some factors such as complications associated with Triptans, treatment limitations for patients with CV (Cardio Vascular) risk and increased preference for OTC (Over the Counter) medications.
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Global Migraine market Players:
Key players profiled in the report are Allergan, Impax Laboratories, Abbott Laboratories, Inc., Eisai Inc., Eli Lilly and Company, Pfizer, Inc., Johnson & Johnson, Klaria, Kowa Pharmaceuticals America, Luitpold Pharmaceuticals, Meda, Merck, OptiNose, AstraZeneca plc, and GlaxoSmithKline plc.
Segmentation:
The Global Migraine market is majorly segmented on the basis of types, treatment types and drugs. Based on the type, market is segmented into episodic and chronic. Based on treatment types these are classified into preventive and abortive. Further on the basis of drug class, the market is classified into triptans, ergots and others. Currently triptans commands the largest market share of global migraine market with the various drugs and upcoming treatments in the form of OTC which are expected to come in the market due to increasing cases of migraine and similarly to meet the increasing demand for safer treatment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The market is classified and analyzed on the basis of various segments including geographies, which consist of; Americas, Europe, Asia-Pacific, and Middle East and Africa Out of all, Americas accounts for the largest share in the market. Asia Pacific is expected to be the fastest growing segment due to recent developments and growing concern and also due to increasing disposable income in the countries. India and China are expected to contribute largely due to high prevalence of migraine in these countries.
Market is also segmented on the basis of type of Migraine as chronic and episodic, also on the basis of treatment type which includes preventive and abortive. On the basis of drug the market is segmented as triptans, ergots and others. Triptans are expected to command the largest market share of global migraine market during the forecasted period. Some of the drugs available in this Triptans drug class includes Almotriptan, eletriptan, frovatriptan, naratriptan, rizatriptan, sumatriptan, and zolmitriptan. These medicines are available in various forms such as tablets, injections, and nasal spray preparations. The growing utilization of the oral route of administration (ROA) will augment the growth prospects for this segment in the coming years.
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