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The global CGRP inhibitors market is witnessing significant growth due to the increasing adoption of CGRP inhibitors, driven by a combination of several factors such as the increasing prevalence of migraine, proven safety and efficacy, advancements in treatment patterns, enhanced accessibility of these drugs, and supportive regulations in various countries. These factors are also influenced by the rising awareness of migraine treatment, contributing to the market expansion.
Rising Prevalence of Migraine to Boost the Market Growth
Over the past few years, there has been a significant rise in cases of migraine, which is creating a significant demand for effective therapeutic options such as CGRP inhibitors globally. CGRP inhibitors offer a targeted approach that has proven effective in reducing the frequency and severity of migraine attacks. Such a scenario is expected to increase its adoption in migraine prevention and treatment, thereby boosting market growth over the coming years.
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According to data published by The Journal of Headache and Pain, India accounted for the highest number of migraine incidents, with 17.9 million cases in 2019.
High Treatment Costs May Hamper the Market Growth
One of the most significant barriers to the adoption of CGRP inhibitors is their high cost. The price of these innovative therapies can be prohibitively expensive, which may limit access for several patients, particularly in regions with constrained healthcare budgets. These affordability concerns often result in patients being unable to secure insurance coverage or reimbursement, further complicating access to these treatments. Such a scenario is anticipated to hinder the market growth.
Expanding Use of CGRP-targeted Medication in Chronic Migraine May Spur Market Expansion
In recent years, there has been a growing interest in combining different CGRP-targeted treatments. Several research studies indicate that co-administration of CGRP therapies may enhance therapeutic outcomes for certain patients with chronic migraine. This is anticipated to represent several opportunities for CGRP inhibitors, supporting market expansion in the near future.
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By Drug Type |
By Indication |
By Route of Administration |
By Distribution Channel |
By Geography |
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· North America (U.S. and Canada) · Europe (U.K., Germany, France, Spain, Italy, Scandinavia, and the Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific) · Latin America (Brazil, Mexico, and the Rest of Latin America) · Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa) |
The report covers the following key insights:
In terms of on drug type, the market is subdivided into monoclonal antibodies and CGRP antagonists.
The CGRP antagonists segment is expected to hold a major share of the global market. The segment growth can be attributed to the increasing product approvals by regulatory authorities, considering the high demand for effective migraine treatments and also the proven efficacy of these drugs.
Based on indication, the market is fragmented into preventive migraine and acute migraine.
The acute migraine segment is expected to hold a major share of the global market. The segment growth can be attributed to the increasing number of clinical studies for CGRP inhibitors in acute migraine treatment. This may lead to their high utilization due to a significant burden worldwide.
Based on the route of administration, the market is divided into oral and parenteral.
The parenteral segment is expected to hold a substantial share of the global market during the forecast period. The segment growth can be attributed to the high availability of large molecules, such as monoclonal antibodies, in parenteral routes to avoid their degradation by the stomach. The rising demand for this class of drugs in migraine treatment is anticipated to boost the segment growth during the forecast period.
Based on distribution channel, the market is divided into hospital pharmacies, drug stores & retail pharmacies, and online pharmacies.
The drug stores & retail pharmacies segment is projected to hold the largest share during the projection period. The growth of the segment is attributed to the increasing number of retail pharmacies along with the increasing tie-ups of these pharmacies with prominent companies to increase the accessibility and affordability of CGRP inhibitors for migraine treatment globally.
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Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for the largest share of the global CGRP inhibitors market in 2023. The region's growth is attributed to the significant burden of migraine across the region's key countries, including the U.S. and Canada, which is projected to surge the usage of effective drugs, including CGRP inhibitors.
Europe is the second-largest market based on the demand for CGRP inhibitors. The growth is attributed to the increasing penetration of prominent players in the region with CGRP inhibitors through direct presence and distribution network, leading to its high usage.
The Asia Pacific is expected to grow at the highest CAGR during the forecast period. The region's growth can be attributed to the rising occurrence of migraines due to a combination of cultural, lifestyle, and environmental factors, including stress, sleep deprivation, and other factors in the region. This may lead to an increase in the demand for CGRP inhibitors, propelling the regional market growth.
The global CGRP inhibitors market is consolidated, with several companies offering CGRP inhibitor drugs.
The report includes the profiles of the following key players:
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