Press release
Global Alzheimer's Therapeutics Market Set to Reach USD 18.46 Billion by 2029
Alzheimer's Therapeutics Market
The Alzheimer's Therapeutics Market size was valued at USD 5.36 Bn. in 2022.
Projected to grow at a CAGR of 19.3% from 2023 to 2029, reaching nearly USD 18.46 Bn.
North America dominated the market in 2021 with a share of about 38%.
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Report Scope:
The global Alzheimer's Therapeutics Market is witnessing significant growth, driven by factors such as the increasing prevalence of Alzheimer's disease, advancements in diagnostic technologies, and a large number of drugs in the pipeline. The report covers various segments including Therapeutics, Diagnostics, End-user, and Region.
Research Methodology:
The market research conducted by Maximize Market Research Pvt. Ltd. involved extensive data gathering and analysis, including primary and secondary research methodologies. The data was meticulously analyzed to provide accurate insights into the Alzheimer's Therapeutics Market.
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Market Drivers:
High Adoption of Biomarkers in Diagnosis and Drug Development: Biomarkers are increasingly utilized in Alzheimer's diagnosis and medication development, driving market growth.
Large Number of Drugs in The Pipeline: The increasing number of drugs in the pipeline for Alzheimer's treatment is expected to propel market growth.
Rising Number of Research Studies: Significant investment in research & development activities and the launch of new products are driving market growth.
Market Restraints:
High Failure Rates of Late-Stage Drugs: The failure of late-stage medications has hampered the global growth of the Alzheimer's therapeutics market.
Segments Covered:
by Therapeutics
1.Cholinesterase Inhibitors
2.NMDA Receptor Antagonist
3.Combination Drug
4.Pipeline Drugs
In terms of therapeutics, the market for Alzheimer's therapies was dominated in 2021 by the cholinesterase inhibitors sector, which had the biggest market share of almost 68%. By the conclusion of the projection period, the segment is predicted to continue growing at a CAGR of roughly 19.2% and to continue to dominate.
Acetylcholinesterase inhibitors, also referred to as cholinesterase inhibitors, are a class of drugs that stop acetylcholine, a neurotransmitter, from breaking down naturally. The enzyme cholinesterase, which breaks down cholinergic neurotransmitters in the body, is suppressed by cholinesterase inhibitors. Because cholinesterase inhibitors have been demonstrated to slightly delay the loss of brain function in people with mild to severe Alzheimer's disease, they are frequently used to treat symptoms related to memory, thinking, language, judgment, and other mental processes.
by Diagnostics
1.Brain Imaging
2.CFS Test for Alzheimer's Disease
by End-user
1.Hospital Pharmacy
2.Retail Pharmacy
3.E-commerce
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Key Players
1. Bristol-Myers Squibb (United States)
2.Lannett Inc. (Unites States)
3. Corium Inc. (United States)
4. Adamas Pharmaceuticals Inc. (United States)
5. AbbVie Inc. (United States)
6. Biogen Inc. (United States)
7. Johnson & Johnson (United States)
10. Eli Lilly and Company (United States)
11. AstraZeneca PLC (United Kingdom)
12. TauRx Pharmaceuticals Ltd. (United Kingdom)
13. Siemens Healthineers (Germany)
14. Merz Pharma (Germany)
15. Hoffmann-La Roche (Switzerland)
16.Novartis AG (Switzerland)
17. AC Immune (Switzerland)
18. H. Lundbeck A/S (Denmark)
19. Daiichi Sankyo Company, Limited (Japan)
20. Eisai Co. Ltd. (Japan)
21.Zydus Cadila (India)
22. Lupin Limited (india)
23. Aurobindo Pharma Ltd. (India)
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Regional Insights:
North America: Dominated the market in 2021 with a share of about 38%, driven by the high prevalence of Alzheimer's disease and significant investment in research & development activities.
Europe, Asia Pacific, Middle East and Africa, South America: Emerging regions with growing demand for Alzheimer's Therapeutics products.
Conclusion: The global Alzheimer's Therapeutics Market is poised for significant growth, driven by increasing prevalence, advancements in diagnostic technologies, and a large number of drugs in the pipeline. However, challenges such as high failure rates of late-stage drugs need to be addressed to unlock the full potential of the market.
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