The introduction of new medical devices and drugs for the acute and preventive treatment of cluster headache syndrome is a key factor driving the market. The growing commercialization of non-invasive equipment, with an aim to reduce the excruciating pain patients suffer through the episodes, is a noteworthy trend aiding in the rapid expansion of the market. To offer a granular assessment of various trends and factors affecting the current and the future outlook of the market, Transparency Market Research (TMR) has penned a comprehensive report, titled “Cluster Headache Syndrome Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024”.
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The rising geriatric population, especially in developing and developed nations, is a notable factor contributing to the growth of the cluster headache syndrome market, as the occurrence is more common in adults than in children. The marked difficulty in diagnosing cluster headache syndrome has unlocked exciting prospects for market players. The rapid advances being made in functional neuroimaging technology is creating promising avenue in the market.
In the backdrop of the lack of any potential cure for cluster headache syndrome, rising number of research focused on understanding the pathophysiology and etiology of the pain syndrome, bodes well for the market. Furthermore, the rising awareness in populations for the diagnosis and timely treatment is a notable trend helping the market expand. Furthermore, the rising mortality of the syndrome precipitated by several risk factors has led patient population look for potential treatments.
Geographically, North America and Europe are expected to collect attractive revenues over the forecast period. The growth of these regional markets is driven by the rising prevalence of cluster headache syndrome and the presence of advanced technologies for diagnosis treatment. Meanwhile, Asia Pacific is likely to present abundant lucrative prospects over the forecast period.
Players expected to hold a sizeable stake in the cluster headache syndrome market include AstraZeneca plc., Autonomic Technologies, Inc., ElectroCore Medical LLC, and GlaxoSmithKline plc.