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The Global Alzheimer's Disease Therapeutics and Diagnostics Market Projected to Surge at $10149.5 Million by 2028
Alzheimer's Disease Therapeutics and Diagnostics Market
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Triton's research report signifies that the global Alzheimer's disease therapeutics and diagnostics market is likely to exhibit growth at a CAGR of 5.56% during the considered years 2021-2028. It is predicted to gain revenue worth $10149.5 million by 2028.
According to the UN's World Population Prospects 2019 report, the number of older adults globally is projected to reach 1.5 billion by 2050, with 1 in 6 people expected to cross the age of 65 years. People in this age group are highly likely to suffer from Alzheimer's disease. Therefore, the rising older population globally majorly contributes as a driving force for the global Alzheimer's disease therapeutics and diagnostics market.
On the other hand, stringent regulations pertaining to clinical trials and drug development are acting as hindrances for the global Alzheimer's disease therapeutics and diagnostics market growth.
The Alzheimer's disease therapeutics and diagnostics market is mainly divided as per therapeutics and diagnostics. Based on diagnostics, it is divided into lumbar puncture test, positron emission tomography (PET), electroencephalography, magnetic resonance imaging, computed tomography, blood test, and other diagnostics. Based on therapeutics, it is mainly classified into therapeutics by drugs, therapeutics by disease stage, and therapeutics by generic and branded. The therapeutics by drugs segment is categorized into marketed drugs and pipeline drugs. Whereas, the therapeutics by disease stage segment is categorized into late stage: severe AD, early/middle stage: mild to moderate AD, and prodromal stage. Lastly, the therapeutics by generic and branded segment is classified into branded and generic.
The Asia-Pacific is expected to exhibit the fastest growth in the global market for AD therapeutics and diagnostics over the forecasted period. The two most populous countries in the world, China and India, are present in this region. Thus, there is a large patient base for AD and dementia in these countries. Additionally, Japan is also a part of the APAC, which has a vast elderly population. Thus, there is a huge demand for Alzheimer's disease therapeutics and diagnostics due to the constant rise in the population and the high geriatric populace. This is propelling the growth of the Asia-Pacific market.
Sun Pharmaceuticals Industries Ltd, Amarantus Bioscience Holdings Inc, Teva Pharmaceutical Industries Limited, Zydus Cadila, Siemens Healthineers AG, Luye Pharma Group, Merck & Co Inc, Biogen Inc, F Hoffmann La Roche, Lupin Limited, Cognoptix Inc, Novartis AG, Pfizer Inc, Johnson & Johnson, Baxter International Inc, GE Healthcare, Eisai Co Ltd, Eli Lilly & Company, Allergan Plc acquired by Abbvie, and PeopleBio Co are reputed companies engaged 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 factor majorly contributes as a driving force for the global Alzheimer's disease therapeutics and diagnostics market?
Answer: According to the UN's World Population Prospects 2019 report, the number of older adults globally is projected to reach 1.5 billion by 2050, with 1 in 6 people expected to cross the age of 65 years. People in this age group are highly likely to suffer from Alzheimer's disease. Therefore, the rising older population globally majorly contributes as a driving force for the global Alzheimer's disease therapeutics and diagnostics market.
Question 2: What factors are acting as hindrances for the global market growth?
Answer: Stringent regulations pertaining to clinical trials and drug development are acting as hindrances for the global Alzheimer's disease therapeutics and diagnostics market growth.
Question 3: Which region is expected to exhibit the fastest growth in the global market?
Answer: The Asia-Pacific is expected to exhibit the fastest growth in the global market for AD therapeutics and diagnostics over the forecasted period. The two most populous countries in the world, China and India, are present in this region.
Thus, there is a large patient base for AD and dementia in these countries. Additionally, Japan is also a part of the APAC, which has a vast elderly population. Thus, there is a huge demand for Alzheimer's disease therapeutics and diagnostics due to the constant rise in the population and the high geriatric populace. This is propelling the growth of the Asia-Pacific market.
Question 4: Which are the reputed companies engaged in the Alzheimer's disease therapeutics and diagnostics market?
Answer: Sun Pharmaceuticals Industries Ltd, Amarantus Bioscience Holdings Inc, Teva Pharmaceutical Industries Limited, Zydus Cadila, Siemens Healthineers AG, Luye Pharma Group, Merck & Co Inc, Biogen Inc, F Hoffmann La Roche, Lupin Limited, Cognoptix Inc, Novartis AG, Pfizer Inc, Johnson & Johnson, Baxter International Inc, GE Healthcare, Eisai Co Ltd, Eli Lilly & Company, Allergan Plc acquired by Abbvie, and PeopleBio Co are reputed companies engaged in the Alzheimer's disease therapeutics and diagnostics market.
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Global Sleep Apnea Therapeutics and Diagnostics Market - https://www.tritonmarketresearch.com/reports/sleep-apnea-therapeutics-and-diagnostics-market
The global sleep apnea therapeutics and diagnostics market is likely to propel at a CAGR of 6.90% during the period of 2021-2028, while garnering $8243.2 million worth of revenue by 2028.
Sleep apnea is a potentially serious sleep disorder that is characterized by repeated stopping and restarting of breathing. There are three types of sleep apnea: central (CSA), obstructive (known as OSA), and a combination of both. The most common form is obstructive, and it is likely to suddenly appear due to changes in health or lifestyle.
As per statistics from the Sleep Apnea Organization, more than 22 million Americans suffered from this condition in 2017, and 80% of moderate to severe sleep apnea cases go undiagnosed. Further, more than 100 million people around the world suffer from sleep apnea.
It is more common in men than women, and statistics suggest that 1 in every 5 adults suffers from the breathing disorder. The growing incidence of sleep apnea is majorly influencing the demand for sleep apnea therapeutics and diagnostics.
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