Global Alzheimer’s Treatment Market To Grow At A CAGR Of 3.9% By 2031
‘Global Alzheimer’s Treatment Market Size, Share, Growth, Analysis, Report and Forecast 2023-2031’, by Expert Market Research, gives an extensive outlook of the global Alzheimer’s treatment market, assessing the market based on its segments like drug class, diagnosis, treatment channel, age, end user, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Alzheimer’s Treatment Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2016-2031)
• Forecast CAGR (2023-2031): 3.9%
• Forecast Market Size (2031): USD 81.5 Million
The ability of a person to function without depending on anyone is affected by the deterioration of brain cells. Memory loss or prolonged confusion are the initial symptoms of Alzheimer’s disease which are often ignored as a sign of exhaustion or ageing. Over the passage of time these symptoms achieve a stage where it becomes difficult to function without extensive care.
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These symptoms often lead to drastic personality changes in the patient and thus emphasize the need to treat the disease. Global Alzheimer’s Market Treatment is driven by the increasing number of cases of the disease which are propelled by increasing elderly population and increasing immunity disorders.
The global Alzheimer’s market is also forecasted to grow with the increasing number of research programs and clinical trials organized by the healthcare facilities in the developed countries mainly focusing on the disease mechanism and scope of treatment. As there is no particular treatment for the disease, the research programs are also focusing on care extensive methodologies to slow down the progression of the disease.
Alzheimer’s Treatment Industry Definition and Major Segments
The Global Alzheimer’s market is expected to grow in the forecasted period due to the number of increased cases of the disease, majorly across the developed countries. Memory loss and frequent confusion are the most common symptoms of the disease.
Based on various segments, the Global Alzheimer’s Treatment Market is segmented as follows:
On the basis of drug class, the market is categorised into:
• Cholinesterase Inhibitors
• N-Methyl-D-Aspartate (NMDA) Receptor Antagonist
On the basis of diagnosis, the market is bifurcated into:
• Psychometric Diagnosis
• Cerebrospinal Fluid Analysis
• Amyloid And Tau Protein Analysis
• Brain Imaging Tests
On the basis of treatment channel, the market is segmented into:
On the basis of age, the market is categorised into:
On the basis of End User, the market is bifurcated into:
• Hospital Pharmacy
• Retail Pharmacy
Based on region, the market can be divided into:
• The Middle East and Africa
• North America
• The Asia Pacific
• Latin America
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Alzheimer’s Treatment Market Trends
Europe and North America are the major regions with the prevalence of Alzheimer’s disease. The disease is commonly found among the elderly population of the regions and thus marking increased risk of disease with increasing population. The number of cases of Alzheimer’s disease in United States alone have crossed a figure of five million. North America holds the largest market share in the global Alzheimer’s treatment market due to the advancement in healthcare facilities of the region with growing population. It has been found that the disease is more common amongst the females than the males due to the difference in their life expectancy rate.
The global Alzheimer’s treatment market is valued around 200-300 Billion USD in United States alone in 2020 and the market is expected to reach a value of more than 1.1 trillion USD in the forecasted period. The market is expected to grow in the forecasted period as the potential for the advancement of healthcare facilities is high.
Key Market Players
The major players in the market are :
• F Hoffmann La Roche
• H. Lundbeck
• Zydus Lifesciences Ltd.
• Pfizer Inc
• Baxter International Inc.
• Abbvie, Inc.
• Eisai Co. Ltd.
• Merz Pharma
• Eli Lilly and Company
• Teva Pharmaceutical Industries Ltd.
• ONO Pharmaceutical Industries Ltd.
• VTV Therapeutics, Biogen
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