Global Alzheimer’s Therapeutics Industry on Track to Surge at a 9.2% CAGR, Expected to Reach US$ 7,359.7 Million by 2033 | FMI

In a significant stride towards addressing the global challenge of Alzheimer’s disease, the Global Alzheimer’s Therapeutics Industry is poised for remarkable growth, projected to achieve a valuation of US$ 3,052.3 million in 2023. According to industry experts, the demand for Alzheimer’s therapeutics is expected to surge at an impressive Compound Annual Growth Rate (CAGR) of 9.2%, catapulting the market to a staggering US$ 7,359.7 million by the year 2033.

This forecast, backed by comprehensive insights from industry analysts, reflects the escalating need for innovative therapeutic solutions to tackle the rising prevalence of Alzheimer’s disease worldwide. The increasing aging population, coupled with advancements in medical research, is driving the demand for effective treatments to enhance the quality of life for individuals affected by this debilitating condition.

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Population ageing across the globe is a major factor driving the market for Alzheimer’s therapeutics and diagnostics. Rising life expectancy is contributing to quick increases in the number of the aged population. In addition, is associated with increased prevalence of chronic diseases like dementia.

Therapies for alzheimer’s therapeutics offer temporary and uncertain improvements in the well-being of individuals, and none of the approved drugs can modify the course of the disease Alzheimer’s Therapeutics cement. Thus, the magnitude of the affected population and the lack of suitable and effective treatment offers an incredible opportunity for drug manufacturers.

However, the identification of the primary reasons and mechanisms involved in alzheimer’s therapeutics is limited. Drug manufacturers have been unable to validate the significant clinical benefits of treatment for numerous new compounds due to strict regulations. One of the significant trends observed in this market is the collaboration of the existing players.

Precisely, diagnostic technology companies are carefully trying to bring about effective biomarker technologies to support and improve the drug development process for potential drug candidates, which is further expected to propel the demand.

Developing countries are expected to offer lucrative opportunities for this market. According to Alzheimer’s Therapeutics International in 2015, 58% of people with dementia live in developing countries, but by 2050 this will rise to 68%. The fastest growth in the elderly population is taking place in China, India, and their south Asian and western Pacific region.

According to World Alzheimer Report in 2015, regional estimations of dementia prevalence in people aged 60 years and over vary from 4.6% in Central Europe to 8.7% in North Africa and the Middle East, however, all other regional estimates fall in a relatively between 5.6% and 7.6%.

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A list of Key Players Covered in the Global Alzheimer’s Therapeutics Industry are:

• AbbVie, Inc.
• Teva Pharmaceuticals Ltd.
• Eisai Co., Ltd.
• Janssen Pharmaceuticals, Inc. (Johnson & Johnson)
• Novartis AG
• Zydus Lifesciences Ltd (CADILA)
• Sun Pharmaceutical Industries Ltd.
• Dr. Reddy’s Laboratories Ltd
• Aurobindo Pharma Ltd
• Amneal Pharmaceuticals Inc.
• Macleods Pharmaceuticals Ltd.
• Viatris Inc.
• Lupin Ltd
• Cipla Ltd.
• Torrent pharmaceuticals ltd.
• Unichem laboratories ltd
• Lannett Inc.

Key Market Segments Covered in Global Alzheimer’s Therapeutics Industry Research

By Drug Name:

• Donepezil
• Rivastigmine
• Memantine
• Galantamine
• Manufactured a combination of memantine and donepezil

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By Drug Class:

• Cholinesterase Inhibitors
• NMDA Receptor Antagonists
• Manufactured Combination

By Distribution Channel:

• Hospital Pharmacies
• Retail Pharmacies
• Drug Stores
• Online Pharmacies

 Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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