The global acute migraine treatment market is set to experience steady growth, with market value projected to increase from USD 2.4 billion in 2022 to USD 8.6 billion by 2032, expanding at a compound annual growth rate (CAGR) of 4.9% during the forecast period.
The rising prevalence of migraines, driven by the widespread adoption of unhealthy lifestyles and increasing stress levels, is expected to fuel demand for acute migraine treatment options. Migraines, a debilitating neurological condition affecting millions worldwide, are becoming more common, leading to an urgent need for more effective and accessible treatments.
The anticipated growth is largely attributed to the increasing prevalence of migraines, which is closely linked to the rapid adoption of unhealthy lifestyles. As more individuals seek effective solutions for managing acute migraine attacks, the demand for advanced treatment options is expected to rise correspondingly.
This expansion reflects the urgent need for innovative and effective treatments to address the challenges posed by acute migraines and improve quality of life for those affected.
Global Acute Migraine Treatment Industry Dynamics
The rising number of population and the growing prevalence of migraine is expected to drive the market of acute migraine treatment in the forecast period. An increasing female population as the disease is more prevalent in females further accelerates the growth of the acute migraine treatment industry. Growing healthcare expenditure, rising adoption of unhealthy lifestyles, and growing awareness regarding acute migraine and its treatment further spur the market of acute migraine treatment globally.
However, stringent regulation for drug approval, high cost of treatment, adverse side effects, lack of proper diagnosis, and growing preference for alternative time therapies are some of the facthinderingnder the growth of the acute migraine treatment industry
Acute Migraine Treatment Market Overview
The emergence of new drugs and therapies for acute migraine treatment is expected to account for the significant growth of acute migraine treatment in the forecast The development of new drugs such as CGRP antagoprovides provides huge potential for the Global Acute Migraine Treatment Industry to grow. The development of new drugs by key pharmaceutical players such as Amgen, Novartis, Eli Lily, and Company and increasing research and development funding will create a huge opportunity for the market to grow shortly. For instance, in 2017, Eli Lilly and Company’s drug for acute migraine treatment succeeded in a key late-stage study, setting the stage for regulatory approval in the US
Acute Migraine Treatment: Region-wise Out
North America is expected to contribute to a major share of the global acute migraine treatment, duthe e to the growing prevalence of acute migraine along with the increasing funding for the development of drugs with the presence of major pharmaceutical industries. According to the Migraine Research Foundation, 39 million of the US population suffer from migraine, and 1 billion population worldwide. 18% of women, 6% of men, and 10% of children suffer from migraines. In 2015, the medical cost of treating migraine was more than $5.4 billion, although migraine patients spent over $41 billion on treating the entire range of migraine.
Europe accounts for the second largest market share and registers significant growth in the global acute-migraine treatment market, due to the increasing demand for effective treatment for acute migraine and the adoption of new therapies along with favorable reimbursement scenarios. Asia Pacific market is primarily driven by factors such as increasing expenditure on healthcare systems, improvement in the healthcare infrastructure, and growing awareness of disease. China is expected to register significant growth in the acute-migraine treatment market, due to the growing population, low cost of drugs and treatment, and availability of drugs for acute migraine treatment. Due to a lack of developed healthcare facilities, Latin America and the Middle East & Africa are projected to show sluggish growth in the Global Acute Migraine Treatment Industry.
Acute Migraine Treatment Market: Key Players
Some of the key players present in the Global Acute Migraine Treatment Industry 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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Acute Migraine Treatment Market: Segmentation
The Global Acute Migraine Treatment Industry is segmented based on drug type, distribution channel, and geography.
Segmentation 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
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East and Africa
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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