Between 2022 and 2032, the global Acute Migraine Treatment Market Sales is anticipated to be worth US$ 8.6 billion, with a CAGR of 4.9%. In 2022, the Acute Migraine Treatment market was estimated to be worth roughly US$ 2.4 billion. Because of the rising adoption of unhealthy lifestyles, the increased occurrence of migraine is projected to raise demand for Acute Migraine Treatment options in the near future.
Acute Migraine Treatment: Market Insights
Acute Migraine is a headache condition characterised by repeated attacks. Migraine is the world’s third most common illness. Acute migraine is distinguished by throbbing pain on one side of the head and a pulsing sensation. Migraines affect acute migraine patients 14 days per month. Acute migraine patients have fewer migraines per month than chronic migraine patients. Despite the high incidence of migraine cases, only a small percentage of people seek medical help.
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However, increased awareness and the launch of novel medicines for the treatment of acute migraine will drive the Acute Migraine Treatment market forward in the near future. More than a hundred clinical trials for Acute Migraine Treatment are already underway, with more than twenty trials at the phase 4 stage, giving a significant opportunity for the Acute Migraine Treatment market to grow substantially throughout the forecast period. There are currently just a few pharmaceutical medications available for Acute Migraine Treatment, such as triptans and NSAIDs. Furthermore, the development of new medications offers a huge chance for the Acute Migraine Treatment market to grow over the forecast period.
Acute Migraine Treatment: Market Dynamics
During the forecast period, the market for Acute Migraine Treatment is expected to grow due to rising migraine prevalence and rising population. The expanding female population promotes the growth of the Acute Migraine Treatment market, as the illness is more prevalent in women. The global market for Acute Migraine Treatment is being driven by rising healthcare spending, greater adoption of unhealthy lifestyles, and increased awareness of acute migraine and its treatment.
Tight medication approval rules, high treatment costs, unfavourable side effects, a lack of accurate diagnosis, and an increasing preference for alternative therapies are some of the factors inhibiting the growth of the Acute Migraine Treatment market.
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Acute Migraine Treatment: Overview
The introduction of novel drugs and therapies for Acute Migraine Treatment is likely to drive significant growth during the forecast period. The development of novel medications, such as CGRP antagonists, has enormous growth potential for the Acute Migraine Treatment industry. The development of new drugs by leading pharmaceutical manufacturers such as Amgen, Novartis, Eli Lilly and Company, as well as increased R&D spending, will generate enormous opportunities for the industry to grow in the near future. For example, in 2017, Eli Lilly and Company’s medication for Acute Migraine Treatment was successful in a major late-stage study, paving the way for regulatory clearance in the United States.
Acute Migraine Treatment: Region-wise Outlook
Because of the increasing frequency of acute migraine and the existence of major pharmaceutical firms, North America is likely to contribute a significant part of the global Acute Migraine Treatment market. According to the Migraine Research Foundation, 39 million people in the United States and 1 billion people globally suffer from migraine. Migraines affect 18% of women, 6% of men, and 10% of children. The medical cost of treating migraine in 2015 was more than $5.4 billion, despite migraine patients spending more than $41 billion on treating the complete range of migraine.
Europe holds the second highest market share and is experiencing considerable growth in the global Acute Migraine Treatment market, owing to rising demand for effective acute migraine treatment, the acceptance of innovative medicines, and favourable reimbursement situations. The Asia Pacific market is primarily driven by factors such as rising healthcare expenditure, improvements in healthcare infrastructure, and rising disease awareness. Because of its rising population, low medicine and treatment costs, and drug availability for Acute Migraine Treatment, China is likely to have considerable growth in the Acute Migraine Treatment market. Due to a lack of sophisticated healthcare facilities, the Acute Migraine Treatment market in Latin America and the Middle East and Africa is expected to grow slowly.
Acute Migraine Treatment: Key Players
Some of the key players present in the global Acute Migraine Treatment market are Amgen, Pfizer Inc., Hoffmann-La Roche Ltd, Eli Lily and Company, Novartis AG, Johnson and Johnson, Merck & Co., AstraZeneca and Teva Pharmaceutical among others.
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Key Segments Profiled in the Acute Migraine Treatment Industry Survey
By Drug Type:
- Nonsteroidal Anti-inflammatory Drugs (NSAIDs)
- Triptans
- Dihydroergotamine
- Nonspecific Migraine Medications
- Analgesics
By Distribution Channel:
- Hospitals Pharmacies
- Retail Pharmacies
- Drug Stores
- E-Commerce
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