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Alzheimer's Disease Therapeutics and Diagnostics Market Overview for 2028
Alzheimer's Disease Therapeutics and Diagnostics Market
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Triton Market Research, in its report, has predicted the global Alzheimer's disease therapeutics and diagnostics market to develop with a CAGR of 6.98% during the forecasting years 2022-2028. It is likely to gain revenue worth $10991.17 million by 2028.
The high prevalence rate of Alzheimer's disease (AD) globally is a key driver for the market and emphasizes the pressing need to develop effective diagnosis and treatment methodologies. Various novel diagnostic technologies have been developed for AD, including the invention that detects mutated proteins in subcellular compartments. However, the failure of drugs in the final stages of clinical trials is anticipated to hamper the studied market's development.
The market for Alzheimer's disease therapeutics and diagnostics is segmented primarily into diagnostics and therapeutics. Based on diagnostics, it is divided into positron emission tomography, electroencephalography, lumbar puncture test, blood test, computed tomography, magnetic resonance imaging, and other diagnostics.
Whereas, based on therapeutics, it is divided broadly into drug type, disease stage, and generic & branded. Drug type is further divided into marketed drugs and pipeline drugs. Whereas, disease stage is further divided into prodromal stage, late stage: severe AD, early/middle stage: mild to moderate AD. Lastly, generic & branded is further classified into branded and generic.
The Asia-Pacific region is expected to showcase the fastest growth in the global market during the considered period. The market in this region is primarily driven by the presence of a vast population, particularly in countries like China and India. Thus, the geriatric population in this region is also high. The presence of an increased patient pool calls for the adoption of diagnosis and treatment methods for Alzheimer's disease.
Baxter International Inc, Teva Pharmaceutical Industries Ltd, Johnson and Johnson, Zydus Cadila, Siemens Healthineers AG, Novartis AG, Pfizer Inc, Biogen Inc, Allergan Plc (acquired by Abbvie), Eli Lilly & Company, Amarantus Bioscience Holdings Inc, Merck and Co, GE Healthcare, Lupin Limited, Sun Pharmaceuticals Industries Ltd, F. Hoffmann-La Roche AG, Cognoptix Inc, and Eisai Co Ltd are the well-known players in the Alzheimer's disease therapeutics and diagnostics market.
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Question & Answer: Alzheimer's disease therapeutics and diagnostics Market
Question 1: Which is the key driver of the Alzheimer's disease therapeutics and diagnostics market?
Answer: The high prevalence rate of Alzheimer's disease (AD) globally is a key driver for the market and emphasizes the pressing need to develop effective diagnosis and treatment methodologies. Various novel diagnostic technologies have been developed for AD, including the invention that detects mutated proteins in subcellular compartments.
Question 2: What factor is anticipated to hamper the studied market's development?
Answer: The failure of drugs in the final stages of clinical trials is anticipated to hamper the studied market's development.
Question 3: Which region is expected to grow the fastest in the global market during the considered period?
Answer: The Asia-Pacific region is expected to showcase the fastest growth in the global market during the considered period. The market in this region is primarily driven by the presence of a vast population, particularly in countries like China and India. Thus, the geriatric population in this region is also high. The presence of an increased patient pool calls for the adoption of diagnosis and treatment methods for Alzheimer's disease.
Question 4: Which are the well-known players in the Alzheimer's disease therapeutics and diagnostics market?
Answer: Baxter International Inc, Teva Pharmaceutical Industries Ltd, Johnson and Johnson, Zydus Cadila, Siemens Healthineers AG, Novartis AG, Pfizer Inc, Biogen Inc, Allergan Plc (acquired by Abbvie), Eli Lilly & Company, Amarantus Bioscience Holdings Inc, Merck and Co, GE Healthcare, Lupin Limited, Sun Pharmaceuticals Industries Ltd, F. Hoffmann-La Roche AG, Cognoptix Inc, and Eisai Co Ltd are the well-known players in the Alzheimer's disease therapeutics and diagnostics market.
Related Report:
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 deemed to grow at a CAGR of 6.90% in the estimated duration 2021-2028. In 2020, the market was valued at $4356.9 million, and is anticipated to gain $8243.2 million by 2028.
There are three main types of sleep apnea -central sleep apnea, obstructive sleep apnea, and complex sleep apnea syndrome. The rising incidence of sleep apnea, growing public awareness, supportive government programs & initiatives, and technological advancements are some factors anticipated to drive the growth of the studied market over the forecast period.
On the other hand, countries like India, Mexico, Brazil, and Saudi Arabia do not have government-regulated reimbursement policies in place for sleep apnea devices. The lack of reimbursement for sleep apnea devices in these emerging economies thus restricts the adoption of therapeutic and diagnostic devices.
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