Growth Drivers
Increase in the Female Population
Migraines are more frequent in women as compared to men. This migraine in women’s is assigned to the rising and falling levels of estrogen during menstruation, menopause and pregnancy. Further, before puberty the prevalence of migraine in males and females remains same, however the first migraine in females occur when their periods begin and after puberty, it increases in females almost three times than males. Therefore, with the increase in the population of females, number of migraineurs is anticipated to increase, thus, driving the growth of the market.
Increase in Awareness regarding Migraine
The rising awareness related to migraine and the drugs available for its treatment is one of the major factors accelerating the growth of market. A number of organisations, such as, American Headache Society, are taking measures to spread awareness related to migraine therapeutics and to provide support to the patients regarding the disorders related to headache. Moreover, financial burdens and bad environmental conditions are increasing the demand to cure stress and to aware people about mental health. Hence, awareness about migraine is estimated to drive the growth of market over the forecast period.
Challenges
Different Side Effects from Migraine drugs
Migraine treatment includes acute therapy and preventive therapy. Since, patients want to get faster or complete relief, without any adverse affects or drugs. However, frequent use of some medications can lead to the happening of disabling condition in the patients. The side effects of the medications depend on the specific drug. Taking multiple drugs together can cause excess of serotonin in the human body leading to life threatening conditions. Hence, side effects of the migraine drugs are likely to hamper the market growth over the forecast period.
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
11.6% |
Base Year Market Size (2023) |
USD 5.57 billion |
Forecast Year Market Size (2036) |
USD 23.2 billion |
Regional Scope |
|
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?