The Global Migraine Drug Market is projected to reach USD 4.90 billion by 2021 owing to expanding requirement for new treatment choices
Hyderabad, Telangana -- (SBWIRE) -- 02/01/2018 -- According to a new market research report "Migraine Drugs Market by Treatment (Preventive And Absorptive) By Therapeutic Class (Triptants, Ergots And Others) - Global Forecast to 2022", published by Market Data Forecast™, the market is expected to reach USD 5.2 Billion by 2022 from USD 4.08 Billion in 2017, at a CAGR of 5.9%. Factors driving the growth of this market include developing rate of headache and the increase of high neglected needs in this market, a few organizations have begun putting resources into the R&D of headache drugs.
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By treatment, the Migraine Market is classified into preventive and adsorptive. The preventive Drugs segment is expected to lead the global Migraine Market in 2017. Factors driving the growth of this segment include the wide use of preventive treatment measure for migraine pain as it can proceed to other brain ailments.
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By therapeutic class, the market is segmented into triptans, ergots and others,. The triptans are serotonin receptor agonist drug class. Ergot class of drugs are no longer prescribed as they have potential side effects and can cause severe damage.
The expanding requirement for new treatment choices has encouraged to the improvement of new devices, for example, ant migraine devices and headbands in the market. Coaly Transcutaneous Electrical Nerve Stimulation devices is a FDA confirmed devices for headache treatment. This device stimulates the trigeminal nerve with electric streams and gives relief from headache.
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Based on region, the Migraine Drugs Market is segmented into North America, Europe, Asia, and Rest of the World (RoW). North America is expected to dominate the Migraine Market in 2017 followed by APAC. This is attributed to factors such patents and R&D on various combination of drugs to prevent or completely cure this diseases, and technological advancements of Migraine products in the region as compared to other regions.
Key players in the Migraine Drugs Market include Allergan, GlaxoSmithKline, Pfizer, Endo, Impax Laboratories. The other prominent vendors the market include AbbottAeriel BioPharma, Alder Biopharmaceuticals, Amgen, Astellas, Bayer, CoLucid, Eli Lilly, IntelGenx, Ethypharm, Johnson & Johnson, Kowa Pharmaceuticals America, Klaria, Luitpold Pharmaceuticals, AstraZeneca, Meda, Dr. Reddy's Laboratories, OptiNose, Pozen,Eisai, Raptor, RedHill, SUDA, Teva, , Aegis Therapeutics, Merck, TG Therapeutics, NValeant, Winston Pharmaceuticals, Allergan, and Zogenix.
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