Global Alzheimer’s Therapeutics Market to Reach USD 7,359.7 Million by 2033, Growing at 9.2% CAGR

Alzheimer’s Diagnostics and Therapeutics Market
Alzheimer’s Diagnostics and Therapeutics Market

The global Alzheimer’s therapeutics market is projected to experience robust growth over the next decade. In 2023, the market is expected to reach a valuation of USD 3,052.3 million. Driven by increasing demand for effective treatments and the rising prevalence of Alzheimer’s disease, the market is forecasted to expand at a CAGR of 9.2% over the forecast period, reaching a total value of USD 7,359.7 million by 2033.

Alzheimer’s disease, a neurodegenerative disorder that affects millions of individuals worldwide, has created an urgent need for therapeutic interventions that can slow the progression of the disease and improve the quality of life for patients. The promising growth in this sector is primarily attributed to advancements in drug development, increased funding for research, and the growing aging population.

Alzheimer’s disease, a progressive neurological disorder that affects millions worldwide, has driven an increasing demand for effective therapeutics. The projected market growth reflects the ongoing advancements in drug development, heightened investment in research, and the urgent need for innovative treatments to manage and potentially cure this debilitating condition.

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 the 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 relatively between 5.6% and 7.6%.

The top 17 Key Players Covered in the Alzheimer’s Therapeutics Market are:

  1. AbbVie, Inc.
  2. Teva Pharmaceuticals Ltd.
  3. Eisai Co., Ltd.
  4. Janssen Pharmaceuticals, Inc. (Johnson & Johnson)
  5. Novartis AG
  6. Zydus Lifesciences Ltd (CADILA)
  7. Sun Pharmaceutical Industries Ltd.
  8. Dr. Reddy’s Laboratories Ltd
  9. Aurobindo Pharma Ltd
  10. Amneal Pharmaceuticals Inc.
  11. Macleods Pharmaceuticals Ltd.
  12. Viatris Inc.
  13. Lupin Ltd
  14. Cipla Ltd.
  15. Torrent Pharmaceuticals Ltd.
  16. Unichem laboratories ltd
  17. Lannett Inc.

A Old Full Report Analysis Click Here

Key Segments Covered in Alzheimer’s Therapeutics Market Research

By Drug Name:

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

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 clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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