Migraine Treatment Devices Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027
The global migraine treatment devices market is projected to register a robust growth in the forecast period, 2023-2027. The younger population's rising complaints of migraine pain and underlying disorders caused by factors such as prolonged screen time or other environmental variables are driving the demand for migraine treatment devices over the next five years. Migraine pain is a severe type of headache that typically gives the patient a localized, excruciatingly painful, and throbbing feeling on one side of the head. Vomiting, nausea, and sensitivity to light and sound are further symptoms. Acupuncture therapies, progressive muscle relaxation, and thermal therapy are a few examples of therapeutic methods. Additionally, ongoing research and creative product development for medical devices used to treat migraines is expected to fuel the market growth. Rising government assistance and escalating investment in the therapeutic sector and the healthcare industry is likely to boost the market growth.
The development of therapeutic areas such as the release of the External Trigeminal Nerve Stimulation (e-TNS) Device, Single Pulse Transcranial Magnetic Stimulator (sTMS), and GammaCore Non-Invasive Vagus Nerve Stimulator, among others, have collectively contributed to the availability of advanced products for the treatment of migraine and supports the growth of the global market for migraine treatment devices over the next five years.
The global migraine treatment devices market is segmented into type, site, product type, therapy, distribution channel, end user, regional distribution, and competitive landscape. Based on type, the market is divided into external trigeminal nerve stimulation (e-TNS) device, single pulse transcranial magnetic stimulator (sTMS), gammaCore non-invasive vagus nerve stimulators, and others. External trigeminal nerve stimulation (e-TNS) device is expected to capture the highest market share in the forecast period, 2023-2027 as the device shows better results in the clinical trials against other devices.
The major market players operating in the global migraine treatment devices market are Theranica Bio-Electronics Ltd., CEFALY Technology, electroCore, Inc., eNeura Inc, Neurolief Ltd., Cirrus Healthcare Products LLC, Neuros Medical Inc, Salvia BioElectronics B.V.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
- To analyze the historical growth in the market size of the global migraine treatment devices from 2017 to 2021.
- To estimate and forecast the market size of global migraine treatment devices market from 2023 to 2027 and growth rate until 2027.
- To classify and forecast the global migraine treatment devices market based on type, site, product type, therapy, distribution channel, end user, region, and company.
- To identify the dominant region or segment in the global migraine treatment devices market.
- To identify drivers and challenges for the global migraine treatment devices market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global migraine treatment devices market.
- To identify and analyze the profiles of leading players operating in the global migraine treatment devices market.
- To identify key sustainable strategies adopted by market players in global migraine treatment devices market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Global migraine treatment devices market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:In this report, global migraine treatment devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Migraine Treatment Devices Market, By Type:
- External Trigeminal Nerve Stimulation (e-TNS) Device
- Single Pulse Transcranial Magnetic Stimulator (sTMS)
- gammaCore Non-Invasive Vagus Nerve Stimulator
- Others
- Migraine Treatment Devices Market, By Site:
- Handheld
- Headband
- Others
- Migraine Treatment Devices Market, By Product Type:
- Prescription
- Over The Counter
- Migraine Treatment Devices Market, By Therapy:
- Acute Therapy
- Preventive Therapy
- Migraine Treatment Devices Market, By Distribution Channel:
- Hospital Based Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Migraine Treatment Devices Market, By End User:
- Hospitals & Clinics
- Homecare
- Others
- Migraine Treatment Devices Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
Competitive LandscapeCompany Profiles: Detailed analysis of the major companies present in global migraine treatment devices market.
Company Information- Detailed analysis and profiling of additional market players (up to five).
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