Pune, 22, Nov 2022: Maximize Market Research has recently released a new research study titled “Alzheimer’s Therapeutics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2029”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The market is expected to grow from USD 4.5 billion in 2021 to USD 18.46 billion in 2029, at a CAGR of 19.3 percent for the forecast period from 2022 to 2029.
Alzheimer’s Therapeutics Market Scope and Methodology
The Alzheimer’s Therapeutics Market report includes the market’s drivers, opportunities, limitations, challenges, and future trends during the forecast period. The Alzheimer’s Therapeutics Industry report is a systematic assessment of industry facts that can assist customers in discovering business possibilities in the Alzheimer’s Therapeutics market. The Alzheimer’s Therapeutics Market is segmented by Therapeutics, Diagnostics, End-user, and region. Many industry trends and major developments are taken into account while analyzing key growth drivers and future market trends. The Alzheimer’s Therapeutics competitive landscape includes information about each competitor, such as a company overview, financials, revenue generated, market potential, R&D investment, new market initiatives, global presence, manufacturing sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance.
The Alzheimer’s Therapeutics review presents consumers with in-depth research and analysis based on a range of real-world data sources, such as interviews with industry specialists, statistics, and expertise. To obtain reliable results, data were collected from a large sample using both research methodologies. Survey results, questionnaires, and telephone interviews with industry specialists, market leaders, entrepreneurs, and marketing professionals are the major data-collecting tactics. Secondary data was methodically gathered from a well-chosen collection of sources to assure the correctness of the results. To conclude the new market entrant, various organizations’ and governments’ official databases, industry journals, white papers, annual reports, and paid databases are all utilized.
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Alzheimer’s Therapeutics Market Overview
Alzheimer’s disease (AD) is a neurodegenerative condition that causes memory loss, thinking and language impairments, and behavioural abnormalities by damaging the brain’s nerve cells or neurons. The number of people living with Alzheimer’s disease is quickly growing, yet only around one in every four people with the disease is diagnosed. The rising incidence of Alzheimer’s disease, as well as the approval of disease-modifying drugs, are likely to drive growth in the Alzheimer’s Therapeutics Market.
Alzheimer’s Therapeutics Market Dynamics
The number of people living with Alzheimer’s disease is continually increasing, yet only around one in every four people with the disease is diagnosed. The rising incidence of Alzheimer’s disease, as well as the approval of disease-modifying drugs, are expected to drive growth in the Alzheimer’s Therapeutics Market. According to the National Center for Biotechnology Information, approximately 6.2 million Americans aged 65 and over would be diagnosed with Alzheimer’s disease in 2021, with the number anticipated to climb to around 13.8 million by 2060. Women are more likely than males to be diagnosed with Alzheimer’s disease due to their greater life expectancy. Additionally, Alzheimer’s disease is increasingly becoming the major cause of death in neurodegenerative illnesses, as well as a leading source of physical disorders that require immediate treatment.
The increased use of biomarkers in Alzheimer’s diagnosis and pharmaceutical development, as well as the rising global prevalence of Alzheimer’s disease, are the major forces driving the Alzheimer’s therapeutics market’s rise. According to the World Health Organization’s September 2021 report, there are around 55 million dementia patients globally, with over 10 million cases documented each year. Alzheimer’s disease is the most common kind of dementia, accounting for 60-70% of all cases. With the global prevalence of Alzheimer’s disease growing, governments and non-governmental organizations are investing heavily in the development of diagnostics and therapies for the illness, which may drive market growth.
Alzheimer’s Therapeutics Market Regional Insights
North America led the market in 2021, with a market share of around 38%. The region’s aging population, as well as strong investment in research and development and the launch of new medications, are expected to be the major growth factors for the North American Alzheimer’s Therapeutics market. During the forecast period, the United States is expected to grow at a CAGR of around 18.8% and represent a significant market share of the North American Alzheimer’s Therapeutics market. The high incidence of Alzheimer’s disease in the US population, new product releases by major competitors, a growing elderly population, and the availability of a solid healthcare infrastructure for Alzheimer’s diagnosis and treatments are expected to increase the US Alzheimer’s therapeutics market. According to the Alzheimer’s Association’s March 2021 research, around 6.2 million Americans aged 65 and older have Alzheimer’s-related dementia, with this figure expected to climb to 13.8 million by 2060.
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Alzheimer’s Therapeutics Market Segmentation
By Therapeutics
By Diagnostics
By End-user
Alzheimer’s Therapeutics Market Key Competitors
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Crohn’s Disease Therapeutics Market: Crohn’s Disease Therapeutics Market size was valued at US$ 6.67 Bn in 2021 and the total revenue is expected to grow at 5.9 % through 2022 to 2029, reaching nearly US$ 10.55 Bn. The rising frequency of the disease, combined with a growth in the number of pipeline medications, is likely to drive the market. Industrialization, environmental variables such as variances in sun exposure, changes in nutrition, smoking, and hereditary traits have all contributed to a rise in Crohn’s disease prevalence in developing countries.
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