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Strong Growth Ahead: Alzheimer's Disease Diagnostic Market Size To Grow At Arecord 10.7% Cagr By 2029
Alzheimer's Disease Diagnostic
How Big Is the Alzheimer's Disease Diagnostic Market Size Expected to Be by 2034?
The market size for diagnosing Alzheimer's disease has seen rapid expansion in recent years. The expected growth is from $6.56 billion in 2024 to $7.28 billion in 2025, with a compound annual growth rate (CAGR) of 11%. This significant increase over the historical period can be tied to factors such as increased incidence of Alzheimer's disease and dementia, escalating awareness regarding the need for early prognosis for effective management, technological advancements in imaging methodologies like MRI and PET scans, heightened investment in research and development dealing with neurodegenerative diseases, as well as government interventions and financial support for Alzheimer's research and diagnosis.
The market size for diagnosing Alzheimer's disease is projected to experience a substantial increase over the upcoming years. It is anticipated to reach $10.91 billion by 2029, showing a compound annual growth rate (CAGR) of 10.7%. The expected expansion during the forecast period can be linked to factors such as the advancement in blood-based biomarkers for non-intrusive diagnosis, the surge for personalized and precision diagnostics, the incorporation of artificial intelligence and machine learning in early detection tools, the increasing use of digital health technologies for remote monitoring and diagnosis, and the enlargement of health infrastructure in emerging markets to enhance accessibility. The forecasted period will also witness significant trends like the rise of diagnostic approaches that blend imaging, biomarkers, and cognitive tests, a heightened emphasis on point-of-care diagnostic solutions for quicker results, the creation of wearable devices for constant cognitive health monitoring, growing synergy between biotech firms and research institutions for novel solutions, and the expansion in direct-to-consumer genetic testing for assessing Alzheimer's risk.
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What Are the Emerging Segments Within the Alzheimer's Disease Diagnostic Market?
The alzheimer's disease diagnostic market covered in this report is segmented -
1) By Type: Triage, Diagnosis, Screening
2) By Diagnostic Technique: Biomarkers, Imaging Techniques, Genetic Testing, Cognitive Assessment Tests
3) By End User: Clinics, Hospitals, Diagnostic Centers, Pharmaceutical Companies, Academic Research Center
Subsegments:
1) By Triage: Cognitive Testing, Imaging Techniques
2) By Diagnosis: Biomarker Testing, Neuroimaging
3) By Screening: Neuropsychological Testing, Genetic Testing
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What Long-Term Drivers Are Shaping Alzheimer's Disease Diagnostic Market Trends?
The surge in chronic illnesses is anticipated to fuel the expansion of the alzheimer's disease diagnostic market. Chronic illness, a health problem lasting more than three months, is escalating due to several closely interlinked factors, such as lifestyle choices, environmental factors, genes, and social-economic conditions. Chronic conditions like heart problems, diabetes, and high blood pressure enhance the likelihood of developing Alzheimer's disease (AD) and other kinds of dementia. As per the American Heart Association Inc.'s report in January 2022, there may be up to 9.3 million cases of brain disorders in the US by 2060. The existing number is increasing rapidly in the US, and one out of six people across the globe already has a brain disorder. The global count of brain disorders is expected to hit 1 billion by 2021. Thus, the rise in chronic illnesses is expected to boost the alzheimer's disease diagnostic market.
Who Are the Top Competitors in Key Alzheimer's Disease Diagnostic Market Segments?
Major companies operating in the alzheimer's disease diagnostic market are Pfizer Inc., AbbVie, Bristol Myers Squibb Company, Hoffmann-La Roche, Eli Lilly and Company, Siemens Healthineers AG, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Daiichi Sankyo Co., Sysmex, Lantheus, Quanterix, FujireBio, TauRx Pharmaceuticals Ltd, AC Immune, C2N diagnostics, AXON Neuroscience, Neuro-Bio Ltd, Anavex Life Sciences Corp., Treventis Corporation
What Alzheimer's Disease Diagnostic Market Trends Are Gaining Traction Across Different Segments?
Leading firms in the Alzheimer's disease diagnostic market are concentrating on improving blood-based biomarker tests, an advancement expected to streamline the diagnostic process for Alzheimer's disease. It could lessen the need for invasive procedures and increase access to prompt treatment for patients. In October 2023, Quanterix, an American biotech research firm, introduced the LucentAD p-Tau 217 test, a blood biomarker that can accurately detect Alzheimer's pathology. Traditional methods of detecting cerebrospinal fluid (CSF) biomarkers, such as positron emission tomography (PET) or lumbar puncture, are expensive, invasive, and not universally accessible. Additionally, Quanterix has combined its highly sensitive SimoaÒ technology with the proven p-Tau 217 antibodies from J&J Innovative Medicine, resulting in exceptional accuracy and a simplified procedure.
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Which Regions Are Becoming Hubs for Alzheimer's Disease Diagnostic Market Innovation?
North America was the largest region in the alzheimer's disease diagnostic market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the alzheimer's disease diagnostic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Alzheimer's Disease Diagnostic Market?
2. What is the CAGR expected in the Alzheimer's Disease Diagnostic Market?
3. What Are the Key Innovations Transforming the Alzheimer's Disease Diagnostic Industry?
4. Which Region Is Leading the Alzheimer's Disease Diagnostic Market?
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