Migraine is a neurological illness that causes throbbing pain in the forehead, side of the head, or around the eyes in one person only. Autonomic symptoms such as nausea, vomiting, photophobia, and phonophobia are frequently associated with the pain. Migraine is usually diagnosed by looking at the patient's medical history and symptoms, as well as performing blood tests and MRI and CT scans. To ease the symptoms and lessen the frequency and intensity of migraine attacks, over-the-counter (OTC) medications and prescription injections are currently available. These medications are taken either on a regular basis or in response to attacks or exacerbations of chronic pain.
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In recent years, the migraine market is anticipated to grow rapidly during the forecast period. Migraine is the world's 19th most prevalent cause of disability, according to the World Health Organization. Migraine sufferers take twice as many prescription drugs and visit doctors and emergency rooms twice as often as individuals who do not suffer from the condition. Migraine sufferers have also spent significantly more on healthcare. Migraine sufferers are observed to consume 2.5 times as many prescription drugs and have six times the number of diagnostic tests and services as non-migraine sufferers. As a result of the rising occurrence of migraine, more therapies are being used to provide relief, which serves to drive the entire market.
Data Bridge Market Research analyses that the migraine market was valued at USD 3.5 billion in 2021 and is expected to reach USD 4.83 billion by 2029, registering a CAGR of 4.10% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Increase in the number of research and development activities
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the migraine market growth. Along with this, rising drug approvals and launches will further propel the market’s growth rate. Moreover, rising investment for the development of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the migraine market growth during the forecast period.
Some of the major players operating in the Migraine market are F. Hoffmann-La Roche Ltd. (Switzerland), Mylan N.V. (US), Teva Pharmaceutical Industries Ltd.(Jerusalem), Sanofi (France), Pfizer Inc. (US), GlaxoSmithKline plc (UK), Novartis AG (Switzerland), Bayer AG (Germany), Eli Lilly and Company (US), Merck & Co., Inc. (US), Allergan (Ireland), AstraZeneca (UK), Johnson & Johnson Private Limited (US), Cipla Inc. (US), Amneal Pharmaceuticals LLC. (US), Eisai Co., Ltd. (Japan), Bausch Health Companies Inc. (Canada), Abbott (US), Takeda Pharmaceutical Company Limited (Japan), WOCKHARDT (Mumbai), AbbVie Inc. (US), Merck KGaA (Germany) among others.
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