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Migraine Drugs Market Size

  • Report ID: GMI9899
  • Published Date: Jun 2024
  • Report Format: PDF

Migraine drugs Market Size

Migraine Drugs Market size was valued at USD 6.2 billion in 2023 growing at a CAGR of 6.7% from 2024 and 2032, driven by factors such as the rising prevalence of migraine. This can be attributed to factors such as stress, lifestyle changes, and dietary habits.

 

For instance, as per the report published by World Health Organization, it has been reported that globally, headache disorders affect approximately 40% of the population, or 3.1 billion people in 2021, and are more common in females compared to males. Migraine is among the top three most common neurological conditions for most age groups.
 

Similarly, as per an article published in National Library of Medicine, it has been reported that India and China collectively accounted for over 25% of global migraine cases, while also contributing substantially to tension-type headache (TTH) prevalence. Thus, the rapid increase in the prevalence of migraine globally is the major factor that is expanding the treatment landscape for migraine and is anticipated to foster the growth of the market.
 

Migraine drugs are medications specifically designed to treat or prevent migraines, a type of headache characterized by intense, throbbing pain, often accompanied by nausea, vomiting, and sensitivity to light and sound. The drugs used in migraine can be categorized into two main groups, pain-relieving medication and preventive medication. Further, a migraine headache is caused by abnormal activities of brain observed or measured through brain monitoring devices.
 

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Global migraine drugs industry was valued at USD 6.2 billion in 2023 and is anticipated to register 6.7% CAGR between 2024 and 2032 due to the increasing incidence and prevalence of migraine along with growing awareness and diagnosis of migraine.

The hospital pharmacies segment in the market is anticipated to reach USD 4.9 billion by 2032, driven by increasing migraine cases needing specialized care, diverse drug offerings, and inpatient management of severe attacks,

North America migraine drugs market held 41.5% revenue share in 2023 due to advanced healthcare infrastructure, effective awareness campaigns, high diagnosis rates, and substantial healthcare spending.

AbbVie Inc., Amgen, Inc., Astellas Pharma, AstraZeneca Plc, Azurity Pharmaceutical, Inc., Dr. Reddy’s Laboratories, Inc., Eli Lilly and Company, Endo Pharmaceuticals, Inc., GlaxoSmithKline Plc, and Lannett Company, Inc., among others.

Migraine Drugs Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 221
  • Countries covered: 22
  • Pages: 132
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