The Global Alzheimer's Disease Therapeutics and Diagnostics Market to Reach $16928 Million by 2027

Triton Market Research, in its report on the global Alzheimer's disease therapeutics and diagnostics market, has concluded that the industry, which generated $8950 million in 2018, is estimated to flourish at a CAGR of 7.78% by the year 2027.

A study by Triton Market Research with the title 'Global Alzheimer's Disease Therapeutics and Diagnostics,' covers the Global Analysis and Forecast for 2019-2027 by Therapeutics and Diagnostics (Therapeutics [Disease Stage {Late stage, Early-stage, Prodromal}, Generic & Branded {Branded, Generic}, Drugs {Marketed, Pipeline}], Diagnostics [Positron Emission Tomography, Magnetic Resonance Imaging, Lumbar Puncture Test, Electroencephalography, Computed Tomography, Other Diagnostics]), and by Geographical Region (Asia-Pacific, North America, Europe, Latin America, Middle East and Africa).

Alzheimer's disease is a progressive neurodegenerative disorder that mostly affects the geriatric population, above the age of 65. It is characterized by dementia, agitation, depression, anxiety, insomnia and other symptoms.

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According to the report, the global Alzheimer's disease therapeutics and diagnostics market is likely to reach $144734 million by 2027, proliferating at a CAGR of 7.78% in the forecasting period 2019-2027. Growth in the prevalence of Alzheimer's disease across the world is the basic factor driving the global market growth. The swelling geriatric population and the substantial investments made by the government in the field of research and development for Alzheimer's disease are other drivers of the global market. However, strict government regulations for drug development and commercialization and the huge cost of the treatment of Alzheimer's disease are impeding the market growth.

The global Alzheimer's disease therapeutics and diagnostics market is segmented on the basis of therapeutics and diagnostics. Based on therapeutics, the Alzheimer's disease therapeutics and diagnostics market is divided into disease stage, generic & branded and drugs. Within the disease stage, it is further divided into the late stage, early-stage, and prodromal stage; while within generic & branded, the market is segmented into branded and generic. And within drugs, it is segmented into marketed and pipeline drugs. According to diagnostics, the market is segmented into positron emission tomography, magnetic resonance imaging, lumbar puncture test, electroencephalography, computed tomography and other diagnostics.

Considering the regional landscape, the Asia-Pacific is anticipated to be the fastest-growing region for Alzheimer's disease therapeutics and diagnostics market during the estimated period. The growing geriatric population in the Asian countries like India, China, South Korea, Japan, Australia and New Zealand are the main factors driving the regional market growth.

On the other hand, North America is estimated to be the largest Alzheimer's disease therapeutics and diagnostics market in the projected period. The growing awareness and the rising demand for better drug coverage in Canada are driving the growth of Alzheimer's disease therapeutics and diagnostics market growth.

AbbVie Inc, Amarantus Bioscience Holdings Inc, Baxter, Biogen, Cognoptix Inc, Piramal Enterprises Ltd, Siemens Healthcare Private Ltd and Sun Pharmaceutical Industries Ltd are some of the companies in the Alzheimer's disease therapeutics and diagnostics market.

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Question & Answer: Alzheimer's Disease Therapeutics and Diagnostics Market

Question 1: What are the drivers of the global Alzheimer's disease therapeutics and diagnostics market?
Answer: The growing prevalence of Alzheimer's disease across the world is the basic factor driving the global market growth. The swelling geriatric population and the substantial investments made by the government in the field of research and development for Alzheimer's disease are other drivers of the global market.

Question 2: Which factors are impeding the growth of the Alzheimer's disease therapeutics and diagnostics market?
Answer: Strict government regulations for drug development and commercialization and the huge cost of the treatment of Alzheimer's disease are impeding the market growth of Alzheimer's disease therapeutics and diagnostics market.

Question 3: How are the Asia-Pacific and North America impacting Alzheimer's disease therapeutics and diagnostics market outlook?
Answer: Considering the regional landscape, Asia-Pacific is anticipated to be the fastest-growing region for Alzheimer's disease therapeutics and diagnostics market during the estimated period. The growing geriatric population in Asian countries like India, China, South Korea, Japan, Australia and New Zealand are the main factors driving the regional market growth.

On the other hand, North America is estimated to be the largest Alzheimer's disease therapeutics and diagnostics market in the projected period. The growing awareness and the rising demand for better drug coverage in Canada are driving the growth of Alzheimer's disease therapeutics and diagnostics market growth.

Question 4: Which are some of the companies in the Alzheimer's disease therapeutics and diagnostics market?
Answer: AbbVie Inc, Amarantus Bioscience Holdings Inc, Baxter, Biogen, Cognoptix Inc, Piramal Enterprises Ltd, Siemens Healthcare Private Ltd and Sun Pharmaceutical Industries Ltd are some of the companies in the Alzheimer's disease therapeutics and diagnostics market.

Related Report:
Global Hearing Aids Market

The global hearing aids market is estimated to grow at $14918.7 million by 2027, with a CAGR of 6.89% over the predicted period 2019-2028. The significant potential for hearing aids in developing economies, including India, China, Russia, South Korea and New Zealand, is driving the global market growth. The growing geriatric population, coupled with technological advancements in the hearing aids field, including wireless & Bluetooth and noise reduction circuits, is also aiding the growth of the hearing aids market.

The incorporation of lithium-ion batteries in hearing aids devices is likely to create new business opportunities for the market. In addition, the increasing hearing loss cases resulting from various reasons is expected to boost the adoption of the hearing aids devices market.

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This release was published on openPR.