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Recent advancement in R&D activities for drug development is aiding dementia drugs market to grow further

05-03-2023 11:29 AM CET | Health & Medicine

Press release from: Allied Market Research

Recent advancement in R&D activities for drug development

Dementia is a progressive neurodegenerative disorder that affects millions of people worldwide. While there is no cure for dementia, various drugs are available that can alleviate its symptoms and slow down its progression. Some of the commonly prescribed dementia drugs include cholinesterase inhibitors like donepezil, rivastigmine, and galantamine, and NMDA receptor antagonists like memantine.

These drugs work by improving the communication between the brain cells and enhancing cognitive function. However, the effectiveness of these drugs varies among individuals, and they may also cause side effects like nausea, diarrhea, and headache. It is essential to consult a healthcare professional before taking any dementia medication to ensure their safety and efficacy.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž https://www.alliedmarketresearch.com/request-sample/12379

โ€ข CAGR: 8.5%
โ€ข Current Market Size: USD 8.7 Billion
โ€ข Forecast Growing Region: APAC
โ€ข Largest Market: North America
โ€ข Projection Time: 2021 - 2031
โ€ข Base Year: 2021

The dementia drugs market size was valued at $8.7 billion in 2021, and is estimated to reach $19.7 billion by 2031, growing at a CAGR of 8.5% from 2022 to 2031.

The key factors that drive the growth of the market are increase in the prevalence of Alzheimer's disease, advancement in R&D activities for drug development, and rise in adoption of early diagnosis.

Moreover, the growing geriatric population, increase in investment by players in R&D and presence of robust pipeline candidates, rise in expenditure on the development of healthcare infrastructure, and increase in public awareness about the disease prevention in developing regions are further expected to boost the dementia drugs industry growth during forecast period.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ (265 ๐๐š๐ ๐ž๐ฌ ๐๐ƒ๐… ๐ฐ๐ข๐ญ๐ก ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐‚๐ก๐š๐ซ๐ญ๐ฌ, ๐“๐š๐›๐ฅ๐ž๐ฌ, ๐š๐ง๐ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ) @ https://www.alliedmarketresearch.com/dementia-drugs-market/purchase-options

๐Š๐ž๐ฒ ๐Ÿ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฌ๐ญ๐ฎ๐๐ฒ
โ€ข On the basis of indication, the Alzheimer's disease segment dominated the market in 2021, and is expected to continue this trend during the forecast period.

โ€ข On the basis of drug class, the cholinesterase inhibitors segment dominated the market in 2021, and is expected to continue this trend during the forecast period.

โ€ข Depending on distribution channel, the hospitals pharmacies segment is projected to grow at a CAGR of 7.0% during the forecast period.

โ€ข Region-wise, North America garnered the largest revenue share in 2021. However, Asia-Pacific is anticipated to grow at the highest CAGR 10.6% during the forecast period.

๐ƒ๐จ ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ฒ - https://www.alliedmarketresearch.com/purchase-enquiry/12379

๐ƒ๐ž๐ฆ๐ž๐ง๐ญ๐ข๐š ๐ƒ๐ซ๐ฎ๐ ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ-

๐’๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐ž๐ฆ๐ž๐ง๐ญ๐ข๐š ๐๐ซ๐ฎ๐ ๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:
โ€ข Apotex Inc.
โ€ข Aurobindo Pharma Ltd.
โ€ข Biogen Idec
โ€ข Eisai
โ€ข Eli Lilly and Company
โ€ข Johnson & Johnson
โ€ข Abbvie Inc.
โ€ข F. Hoffmann-La Roche AG
โ€ข Teva Pharmaceutical Industries
โ€ข Novartis AG

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž - https://www.alliedmarketresearch.com/dementia-drugs-market-A12014

๐Ž๐ญ๐ก๐ž๐ซ ๐“๐จ๐ฉ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ -
๐Ž๐ฅ๐ข๐ ๐จ๐ง๐ฎ๐œ๐ฅ๐ž๐จ๐ญ๐ข๐๐ž ๐’๐ฒ๐ง๐ญ๐ก๐ž๐ฌ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.alliedmarketresearch.com/oligonucleotide-synthesis-market-A08356

๐๐จ๐ง๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐’๐ญ๐ข๐ฆ๐ฎ๐ฅ๐š๐ญ๐จ๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ https://www.alliedmarketresearch.com/bone-growth-stimulators-market-A06065

๐ˆ๐ฆ๐ฆ๐ฎ๐ง๐จ-๐Ž๐ง๐œ๐จ๐ฅ๐จ๐ ๐ฒ ๐€๐ฌ๐ฌ๐š๐ฒ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ https://www.alliedmarketresearch.com/immuno-oncology-assay-market-A06079

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
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Web: https://www.alliedmarketresearch.com

Alied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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