Intranasal migraine drugs Market to Witness a Tremendous Growth Due to COVID-19 Pandemic – Exclusive Report by Fact.MR
Award winning market research company Fact.MR’s ongoing research study on global intranasal migraine drugs market studies the market for the forecast period of 2021 and 2031. Rising cases of acute and chronic headache among the young-adult population is expected to increase the adoption of intranasal migraine drugs. Expansion in research and development activities for the development of novel treatments to provide quick relief for the cerebral and sinus pain will provide growth opportunities for the key players in the coming years.
According to Fact.MR, the market is expected to showcase a positive growth over the forecast period backed by the rising demand of intranasal migraine drugs from hospital & retail pharmacies. As per the analysis, around 95% of patients with migraine issues prefer the intranasal migraine drugs.
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There are some side-effects recorded such as quick heartbeat, muscle torment in legs/arms, and serious/moderate stomach torment that may hamper the demand. However, ongoing research & development (R&D) activities for the improvement of intranasal migraine drugs by manufacturers will overcome the constraints of the market. Hence, key players are investing heavily for the development of improved intranasal migraine drugs for the treatment of acute & chronic migraine. Thereby, bolstering the growth.
“Increasing R&D activities, new product launches by key manufacturers, and fast track drug approvals by regulatory bodies such as the U.S. Food and Drug Administration for acute and chronic migraine are expected to provide lucrative opportunities in the upcoming decade,” says the Fact.MR analyst.
- Increasing cases of acute migraine are anticipated to spur the sales of intranasal migraine drugs
- Hospital & retail pharmacies are anticipated to be the primary end-users for intranasal migraine drugs market
- In terms of therapeutic class, opioids and antihistamines are expected to lead the segment throughout the forecast period
- United States is anticipated to spearhead the Intranasal migraine drugs market growth in North America
- UK will lead the second largest European Intranasal migraine drugs market through 2021
- Growing cases of chronic sinusitis are expected to accelerate the demand for Intranasal migraine drugs
- Technological advancements in the healthcare industry for intranasal migraine drugs are expected to boost the market growth
Key Segments of Intranasal migraine drugs market Covered in the Report
Based on Intranasal migraine drugs Market, By Therapeutic class:
- Local Anaesthesia
Based on Intranasal migraine drugs Market, By Indication:
- Common Migraine
- Classic Migraine
- Cluster Migraine
Based on Intranasal migraine drugs Market, By Range:
- Broad spectrum/ Chronic
- Narrow spectrum/ Acute
Intranasal migraine drugs Market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Third party manufacturing companies
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Key players listed by Fact.MR operating in global intranasal migraine drugs market includes Aegis Therapeutics LLC, Neuro Pharma, Rd. Reddy’s Laboratories, Novartis AG, Pfizer Inc., Lockhart LTD, Roche, Sanofi, Merck, Baxter International Inc., Becton, Dickinson & Company, GlaxoSmithKline PLC and Johnson & Johnson among others. Product launches and expansion of portfolio along with strategic mergers & acquisition remains the core strategies for the aforementioned players to gain a competitive edge in the industry.
For instance, on January 20th 2021, Impel Neuro Pharma received the approval from U.S. Food and Drug Administration (FDA) for the new drug application for INP104, for the acute treatment of migraine headaches with or without aura in adults to deliver a lower dose of dihydroergotamine mesylate to the upper nasal state.
Also, on 2nd March 2021, Cipla received U.S FDA approval for nasal spray for treating migraine attacks/
Furthermore, in June 2020, Tonix Pharmaceuticals announced the acquisition of non-addictive migraine and pain treatment programs of Trigemina Inc. and will acquire the license of TNX-1900 intranasal oxytocin has the potential to treat migraine and craniofacial pain.
More Insights on the Intranasal Migraine Drugs Market
Fact.MR sheds an in-depth analysis on global intranasal migraine drugs market over the forecast period of 2021 and 2031. In order to understand the market perspective, trends and challenges, the market is segmented on the basis of therapeutic class (corticosteroids, NSAID’s, opioids, antibiotics, local anesthesia, and antihistamines), indication (common migraine, classic migraine, cluster migraine, and others), range (chronic and acute), distribution channel (hospital pharmacies, retail pharmacies, online pharmacies, and third party manufacturing companies), and regions (North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan, Japan and Middle East & Africa).
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