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Lewy Body Dementia Treatment Market Size, Share, Growth Analysis, Business Insights And Forecast To 2033
Lewy Body Dementia Treatment Market Size
As per the report, the lewy body dementia treatment market size has grown strongly in recent years. It will grow from $4.14 billion in 2023 to $4.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The lewy body dementia treatment market size is expected to see strong growth in the next few years. It will grow to $5.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
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Surging Brain Disorder Prevalence Fuels Lewy Body Dementia Treatment Market
The rising prevalence of brain-related disorders is expected to propel the growth of the lewy body dementia treatment market going forward. Brain disorders refer to any disorder that impairs brain function. The impairment can be mild, moderate, or severe, depending on the extent of brain damage. Lewy body dementia treatment is used to treat brain disorders such as hallucinations, confusion, and drowsiness by increasing brain chemicals to improve alertness and cognition. For instance, in January 2022, according to a report shared by the American Heart Association Inc., a US-based nonprofit voluntary organization, brain disorders are expected to increase to 9.3 million in the US by 2060, and currently, this number is growing in the US. And one in every six people worldwide suffers from a brain disease. Currently, 1 billion people will suffer from brain disorders worldwide by 2021. Therefore, the rising prevalence of brain-related disorders is driving the growth of the lewy body dementia treatment market.
Innovative Medicine In Lewy Body Dementia Treatment Market
Product innovation is a key trend gaining popularity in the lewy body dementia treatment market. Major companies operating in lewy body dementia treatment are focused on developing innovative solutions to strengthen their position in the market. For instance, in January 2023, Biogen Inc., a US-based multinational biotechnology company, developed its new medicine, lecanemab, which is a humanised monoclonal antibody. This medicine is used to treat Alzheimer's disease, which is part of the disease in Lewy body dementia. The main unique benefit of lecanemab is that it reduces the levels of brain amyloid. It treats the brain and clears the amyloid plaques thought to cause cognitive impairment and dementia in Alzheimer's disease.
The lewy body dementia treatment market covered in this report is segmented -
1) By Drug Type: Antidepressants, Antipsychotic Drugs, Benzodiazepine, Carbidopa-Levodopa, Cholinesterase inhibitors, Modafinil
2) By Distribution Channel: Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies, Other Distribution Channels
3) By Application: Alzheimer's disease, Dementia, Parkinson's disease
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Major companies operating in the lewy body dementia treatment market report are Mallinckrodt Pharmaceuticals Co., BioArctic AB, Sumitomo Pharma Co. Ltd., Jazz Pharmaceuticals Inc., Allergan plc, Novartis International AG, Pfizer Inc., Bayer AG, Amneal Pharmaceuticals LLC., Boehringer Ingelheim International GmbH., Merck & Co. Inc., Abbott Ltd., B Braun SE, Biogen Inc., Biohaven Pharmaceutical Holding Company Ltd., BioMarin Pharmaceutical Inc., Blairex Laboratories Inc., Blink Health LLC, Blueprint Medicines Corporation, Bristol Myers Squibb Company, Calliditas Therapeutics AB, Catalyst Pharmaceuticals Inc., Chiesi USA Inc., Clovis Oncology Inc., Coherus Biosciences Inc., CooperSurgical Inc., Covis Pharmaceuticals Inc., Genzyme Corporation, GlaxoSmithKline plc, Eisai Co. Ltd., Bausch Health Companies Inc., Hisamitsu Pharmaceutical Co. Inc., Lundbeck Inc. .
Contents of the report:
1. Executive Summary
2. Lewy Body Dementia Treatment Market Report Structure
3. Lewy Body Dementia Treatment Market Trends And Strategies
4. Lewy Body Dementia Treatment Market - Macro Economic Scenario
5. Lewy Body Dementia Treatment Market Size And Growth
…..
27. Lewy Body Dementia Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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