Migraine Drugs Market Competitive Insights and Precise Outlook 2021 - Allergan Plc, Abbott Laboratories, AstraZeneca

The Global Migraine Drugs Market size was valued at USD 1.80 billion in 2019 and is predicted to reach USD 2.44 billion by 2030, with a CAGR of 2.8% from 2020-2030.

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Competitive Landscape

The migraine drugs market is highly competitive and consists of various market players. Some of the major market players include Allergan Plc., Abbott Laboratories, AstraZeneca, Endo International Plc., Eisai Co. Ltd., Impax Laboratories, GlaxoSmithKline Plc., Johnson & Johnson, Pfizer Inc., Merck & Co., Teva Pharmaceutical Industries Limited, Sanofi SA, and Novartis International AG, among others.

An upsurge in R&D activities and increasing approvals granted by the U.S Food and Drug Administration (FDA), for new products launched by the key players, is leading the healthcare industry to new heights, thereby creating lucrative opportunities in the global migraine drugs market.

For instance, in January 2020, Ubrogepant commercialized as Ubrelvy in the migraine drugs market was granted the FDA approval, for treating patients suffering from acute migraine with or without the prevalence of aura in adults. Ubrogepant as compared to its antagonist placebo gives fast relief from migraine symptoms such as nausea, vomiting, dry mouth, somnolence, and sensitivity to light or sound; within 2 hours of intake.

In February 2020, Biohaven announced that its NURTEC ODT-Rimegepant drug got approved by the U.S FDA, for treatment of acute migraine in adults. The studies claimed that a single oral dose of 75 mg NURTEC ODT, can provide relief to patients suffering from acute migraine condition within an hour, and its effect lasts for about 48 hours. The first-ever Calcitonin Gene-Related Peptide (CGRP) receptors, are orally dispersible tablets, that can be taken with or without water. These are known to provide fast relief even in acute migraine conditions.

In February 2020, Lundbeck, a well-known player in the migraine drugs market announced that its drug VYEPTI- eptinezumab-jjmr, got approved by the U.S FDA, for prevention and treatment of migraine in adults. VYEPTI is the first-ever intravenous (IV) treatment for migraine prevention. The clinical studies represented migraine reduction by 75% in 6 months, with a recommended dosage of 100 mg every 3 months.

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Geographical Analysis

North America denotes higher adoption of the migraine drugs and is anticipated to hold the highest market share in the global migraine drugs market throughout the forecast period. This is attributable to the factors including presence of well-established healthcare amenities, increased awareness among people, and advancements in medical technologies.

Asia Pacific is estimated to show rapid growth with developing market size, owing to increasing accessibility to healthcare facilities, and increased investment by the market players especially in the emerging economies.

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