Market Scope
Improved awareness-raising campaigns, the availability of research funds from both private and public bodies, enhanced reimbursement scenario for related drugs and increasing understanding of the efficacy of these drugs are among the main factors driving the development of the Migraine Drugs sector. The migraine medications industry is seeing strong pipeline development with six late-stage research candidates for the medication. The move from conventional symptomatic medications to new disease-specific therapies is apparent in the R&D pipeline, as most drug candidates tackle unmet needs in migraine treatment.
The influences driving target demand development include the growing knowledge of novel drug groups and the rising occurrence of migraine problems across the globe. Furthermore, the launch of calcitonin-related gene peptide (CGRP) is expected to accelerate this industry’s production. Migraine is considered as a form of headache that is severe and persistent followed by phonophobia, photophobia and nausea. Rising migraine prevalence is pushing the demand for migraine medications.
In addition, the rise in the female population and the increase in awareness among patients about migraine prevention and care are main factors that accelerate market growth. It is due to increases in female oestrogen levels, especially during menstruation. In comparison, prescription treatments, such as oral contraceptives and hormone replacement therapy, can further intensify migraine in women. Increasing the global female population is also projected to accelerate the development of the demand for migraine drugs.
Competitive Dashboard
The significant players listed in the market research report include Impax Laboratories, OptiNose, Abbott Laboratories, Inc., Allergan, Eli Lilly and Company, Pfizer, Inc., Eisai Inc., Johnson & Johnson, Kowa Pharmaceuticals America, Klaria, Luitpold Pharmaceuticals, Meda, Merck, AstraZeneca plc, and GlaxoSmithKline plc.
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Regional Overview
The North America, Asia Pacific (APAC), Europe , the Middle East, and Africa (MEA), and Latin America (LATAM) segmented the market regionally.
In terms of geography, North America dominates the market.
It is expected that an increase in vendor attention on developing markets such as Asia-Pacific and Middle East , and Africa and Latin America would fuel business growth.
Asia-Pacific is expected to see substantial growth in the future as a result of rising competition for quality healthcare facilities and improved health infrastructure. This field also provides exceptional prospects for venture capitalists and developers when the existing markets are largely saturated. However, China and India are the largest developed countries contributing to the development of the overall demand for migraine drugs in the Asia Pacific region; this is largely due to the high prevalence of migraine in these nations.
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Market Segmentation
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