Press release
Alzheimer's Drugs Market SWOT Analysis and Key Growth technologies, Demands and Forecast till 2030
The Alzheimer's Drugs Market forecast can help stakeholders in this marketplace plan their growth strategies. The market is projected to grow from US$ 6.21 billion in 2022 to US$ 22.01 billion by 2030; it is projected to register a CAGR of 17.1% during 2022-2030.Alzheimer's disease (AD) is a neurological disorder caused by the progressive death of neurons. The symptoms begin gradually and can lead to dementia. Although the condition cannot be cured completely, there are medicines available that can temporarily alleviate the symptoms and slow down the progression of the disease.
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Analysis of the Top Market Players:
1. Pfizer Inc.
2. Siemens Healthcare GmbH
3. Teva Pharmaceutical Industries Ltd.
4. GlaxoSmithKline plc
5. Sanofi
6. Novartis AG
7. AstraZeneca
8. AbbVie Inc.
9. Eisai Co., Ltd.
10. Takeda Pharmaceutical Company Limited
In this report, the market has been segmented on the basis of:
Drug class
• Cholinesterase Inhibitors
• NMDA Receptor Antagonists
• Combination Drugs
• Pipeline Drugs
Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
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Market Drivers Affecting Alzheimer's Drugs Market
The growing cases of AD and related dementia propel the Alzheimer's drugs market size. Alzheimer's disease is the most common form of dementia worldwide, accounting for 60-70% of all cases. It is a progressive neurodegenerative disease that worsens gradually over the years and is more common in the aging population. As per the World Health Organization (WHO) report published in October 2022, the global population aged 60 years and above will grow to 1.4 billion by 2030 and reach 2.1 billion by 2050. This growing geriatric population is anticipated to increase the disease burden, facilitating the demand for related medical treatments in the coming years.
Furthermore, rising awareness about AD, improving diagnosis rates, and increasing investments in the development of new treatments are the growth enablers of the market. According to a report published by the Alzheimer's Association in 2021, US$ 63 million was invested by the association in 2020 to advance Alzheimer's and dementia research.
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