Global Acute Migraine Treatment Market Report 2024: Size, Drivers, And Top Segments
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The acute migraine treatment market size has grown rapidly in recent years. It will grow from $2.35 billion in 2023 to $2.60 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to the increasing prevalence of migraine, growth of specialty clinics, increasing funding for migraine research, growth in clinical trials, and increasing use of preventive medications. The acute migraine treatment market size is expected to see rapid growth in the next few years. It will grow to $4.00 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to the increasing prevalence of migraine, growing investment in migraine research, rising demand for non-invasive treatment options, rising demand for quick-acting relief options, and growing emphasis on patient-centric drug development. Major trends in the forecast period include technological advancements, the adoption of neuromodulation devices, personalized medicine, telemedicine, and diagnostic tools.
The surging work pressure is anticipated to fuel the growth of the acute migraine treatment market. Work pressure involves the mental, emotional, and physical strain from job demands, including tight deadlines, limited resources, poor work-life balance, and interpersonal conflicts. This pressure can exacerbate or trigger migraines, necessitating effective treatment solutions. For instance, in 2023, Mental Health America reported that 81% of workers felt that workplace stress impacted their mental health, compared to 78% in 2021. Therefore, the rising work pressure is driving the growth of the acute migraine treatment market.
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What Are The Key Trends That Influence Acute Migraine Treatment Market Share Analysis?
Major companies operating in the acute migraine treatment market are focused on developing innovative products, such as migraine nasal sprays, to enhance the efficacy and convenience of migraine relief. Migraine nasal sprays are a form of acute migraine treatment that delivers medication through the nasal passages. This route of administration can be advantageous because it allows for rapid absorption of the medication, which can provide faster relief compared to oral medications. For instance, in March 2023, Pfizer Inc., a US-based biotechnology company, launched ZAVZPRET (zavegepant) Migraine Nasal Spray, approved by the Food and Drug Administration (FDA), a US-based federal agency. This innovative nasal spray leverages the efficacy of zavegepant, a CGRP receptor antagonist, which blocks the calcitonin gene-related peptide (CGRP) pathway to provide rapid and targeted relief from migraine attacks. The unique features of ZAVZPRET include its fast-acting formulation, which delivers relief within 15 minutes, making it a convenient option for individuals seeking quick alleviation from severe migraine symptoms.
How Is The Global Acute Migraine Treatment Market Segmented?
1) By Drug Type: Triptans; Calcitonin Gene-Related Peptide Antagonist; Nonsteroidal Anti-Inflammatory Drugs; Beta-Adrenergic; Ergot Alkaloids; Other Drug Types
2) By Route Of Administration: Oral; Injection; Other Routes Of Administration
3) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Drug Stores; E-Commerce
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The Acute Migraine Treatment Global Market Report 2024 provides an overview of the acute migraine treatment market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The acute migraine treatment market forecast analyzes acute migraine treatment market size, acute migraine treatment market share, leading competitor and their market positions.
The Table Of Content For The Acute Migraine Treatment Market Include:
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