Press release
Alzheimer's Disease Therapeutics And Diagnostic Market Analysis & Technological Innovation by Top Key Players: Baxter, AbbVie, Cognoptix, AXON Neuroscience SE, Biogen, DiaGenic ASA, Sun Pharmaceutical Industries Ltd., Amarantus BioScience Holdings, Inc.,
The Alzheimer's disease therapeutics and diagnostics market is expected to progress at a CAGR of 7.78% during the years 2019-2027. The market is driven by the rise in the number of Alzheimer's cases and the growing demand for personalized drugs and affordable diagnostics tests. However, the stringent regulations for the development of drugs and clinical trials are hindering the growth of the Alzheimer's disease therapeutics and diagnostics market globally.
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The high cost of therapies used for the treatment of Alzheimer's disease also contributes to the same. A key challenge in the growth of the global Alzheimer's disease therapeutics and diagnostics market is the shortage of skilled medical practitioners across the developing countries. Also, the lack of awareness regarding new therapies that are used for the treatment of the Alzheimer's disease acts as a significant growth challenge for the global Alzheimer's disease therapeutics and diagnostics market over the forecast period.
Regional Outlook
The Alzheimer's disease therapeutics and diagnostics market in Asia-Pacific is the fastest-growing market globally. The primary driver of the Alzheimer's disease therapeutics and diagnostics market in China is the burgeoning rise in the population of the country, which is thereby increasing the aging population. This aging population is vulnerable to diseases like dementia, thus causing a rise in its prevalence across the country, mainly in the semi-urban and rural provinces. According to the Ministry of Health, China is one of the leading countries in terms of the number of individuals affected by dementia, which accounts for around 20% of the dementia cases globally.
Europe, Asia Pacific and North America and rest of the world are the regional segments of the global Alzheimer's disease therapeutics and diagnostics market. Presently, it is the Asia Pacific region that is holding the reign globally. With the government investment in the R&D for drugs and diagnostic test, which is further supported by the increasing population and the large proportion of people aged above 65 years in the regions, the demand for personalized drugs is expected to witness a boom for the Alzheimer's disease therapeutics and diagnostics market in this region.
Prominent Players in the market
Some of the major players that are engaged in the Alzheimer's disease therapeutics and diagnostics market include
o Baxter
o AbbVie
o Cognoptix
o AXON Neuroscience SE
o Biogen DiaGenic ASA
o Sun Pharmaceutical Industries Ltd.
o Amarantus BioScience Holdings, Inc.
o Merck
o Piramal Enterprises Ltd.
o Johnson & Johnson
o Roche
o Siemens Healthineers AG
o GE Healthcare.
DiaGenic ASA is a life sciences company engaged in the development and delivery of patient-friendly tests to diagnose of devastating diseases at early stages. The company is currently focused on the development of IVD biomarker products and is also active in identifying gene expression signatures in blood in the field of Alzheimer's disease. MCItect and New ADtect are some of the products that are a part of the company's product portfolio. New ADtect is used for detecting mild to moderate AD.
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Table Of Content
1. Global Alzheimer's Disease Therapeutics And Diagnostic Market - Summary
2. Industry Outlook
3. Alzheimer's Disease Therapeutics And Diagnostics Market Outlook - By Therapeutics And Diagnostics
3.1. Therapeutics
3.2. Diagnostic Type
4. Alzheimer's Disease Therapeutics And Diagnostics Market - Regional Outlook
4.1. North America
4.2. Europe
4.3. Asia-Pacific
4.4. Latin America
4.5. Middle East And Africa
5. Company Profiles
6. Research Methodology & Scope
6.1. Research Scope & Deliverables
6.2. Sources Of Data
6.3. Research Methodology
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