Market Research Report
Global Alzheimer's Disease Therapeutics & Diagnostics Market Forecast 2022-2030
|Global Alzheimer's Disease Therapeutics & Diagnostics Market Forecast 2022-2030|
Published: June 21, 2022
Content info: 235 Pages
Delivery time: 2-3 business days
The global Alzheimer's disease therapeutics & diagnostics market is anticipated to grow at a 6.61% CAGR during the estimation period between 2022 to 2030. The market growth is accelerated by the rise in the pervasiveness of Alzheimer's disease, emerging novel diagnostic technologies, and the increasing number of pipeline drugs.
Alzheimer's is a neurodegenerative disease characterized by chronic inflammation and accumulation of beta-amyloid peptides. The elderly usually suffer from Alzheimer's disease, which gradually damages their thinking skills and memory, eventually destroying their ability to perform the simplest daily tasks. Alzheimer's disease is the major reason for dementia among the older population. Therefore, the rising geriatric population is a key driver for the global Alzheimer's disease therapeutics and diagnostics market.
Several novel diagnostics technologies have been discovered for Alzheimer's disease (AD), including the invention that identifies mutated proteins in subcellular compartments. This invention describes these mutations that lead to the redistribution of crucial cellular organelles.
Furthermore, alteration of organelles distribution can be a powerful diagnostic tool, an assay to screen novel therapeutic compounds for Alzheimer's disease. This technology's advantage includes identifying mutated proteins, which are directly involved in the genesis of AD. Thus, there is potential for providing a superior AD diagnosis compared to current diagnostic tests.
The global Alzheimer's disease therapeutics & diagnostics market assessment entails the analysis of Europe, Asia-Pacific, North America, and Rest of World. The Asia-Pacific region is anticipated to propel with the highest CAGR by 2030, owing to the rapidly increasing geriatric population and government initiative to develop medicines to cure AD.
The competition in the global market is significantly high owing to the presence of generic medicines. Furthermore, strong competition exists among the key players in developing new diagnostics methodologies and treatments. However, the industry is observing meaningful strategic partnerships to enhance market presence.
Some important global players include: Merck & Co Inc, Cognoptix Inc, Eli Lilly & Company, Johnson & Johnson, etc.