Global Alzheimer's Disease Therapeutics and Diagnostics Market Company Share, Industry Size, Strategies and Forecast to 2030

Inkwood Research estimates that the Global Alzheimer's Disease Therapeutics and Diagnostics Market is projected to register a CAGR of 5.40% in terms of revenue during the forecasting years of 2021-2028.
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Alzheimer's is a degenerative disorder that renders brain nerve cells devoid of memory, language & thinking skills, along with changes in behavior. With increasing research funding by the government and pharmaceutical sector, there is an increasing focus on diagnostics and therapeutics with regards to Alzheimer's disease.

Emerging Novel Diagnostic Technologies propel Market Growth
Alzheimer's disease (AD) is categorized by the accumulation of chronic inflammation and β-amyloid peptide. In recent times, a biomarker-based laboratory test FIDA was developed for diagnosing AD, which identifies and quantifies Aβ oligomers. Similarly, several novel diagnostics technologies have emerged for AD. This includes the invention that identifies mutated proteins in subcellular compartments. The alteration of organelles distribution can be a powerful diagnostic tool. Further, this technology is advantageous in identifying mutated proteins directly involved in the genesis of AD. This makes it more prominent for providing a superior diagnosis of AD as compared to current diagnostic tests. The emergence of such technologies is projected to be beneficial for the global Alzheimer's disease therapeutics and diagnostics market growth.
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Therapeutics to fare the Highest Market Share & CAGR by 2028
The therapeutics market encompasses disease & generic, branded, and drugs. The therapeutics market by drugs entails pipeline and marketed drugs. The latter include Cholinesterase inhibitors and NMDA receptor antagonists, among others. The increasing prevalence of AD and dementia is increasing the demand for treatment by drugs, wherein many FDA-approved drugs are available to treat AD.
In the therapeutics by disease stage, AD is designated seven stages according to disease severity. Since distinguishing each step is cumbersome, a three-stage categorization, mild, moderate, and severe, is preferred. At the same time, the high-risk group people exhibit AD pathology without any symptoms, which is addressed under the fourth disease stage, caked prodromal AD. This is used interchangeably used with MCI.
The therapeutics by branded includes branded medicines developed by the pharmaceutical company. Upon development, a new medicine must pass through rigorous processes and evaluations to ensure its efficiency and safety.

Asia Pacific - The Fastest-growing Region
The Asia Pacific is assessed to be the prominent region by 2028, with regard to Alzheimer's disease therapeutics and diagnostics. In countries like South Korea, the aging population is growing rapidly. The population aged above 65 is set to rise by 24.7% by 2030. The geriatric population is at a higher risk of neurological disorders like Alzheimer's disease. Currently, there are around 16 active clinical trials under development for Alzheimer's disease, according to the National Clinical Trials Registry (NCT). Such factors, along with increasing market penetration of market players, are fueling market growth prospects.
The market is witnessing an increasing competition with meaningful strategic partnerships. There is intense competition between key players for developing innovative diagnostics methodologies and treatments. Some of the eminent players in the market include Johnson & Johnson, Pfizer Inc, Merck & Co Inc, Novartis AG, F. Hoffmann-la Roche, etc.

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