This comprehensive market research report by Report Ocean Research provides a detailed analysis of the global Alzheimer’s therapeutics market. It covers various segments, including molecule type, distribution channel, and region, while identifying key market players such as Eisai Co. Ltd, Novartis AG, Pfizer Inc., Eli Lilly & Company, Johnson & Johnson, Daiichi Sankyo Company Limited, F. Hoffmann-La Roche, H. Lundbeck A/S, TauRx Therapeutics Ltd, and Allergan.
Market Overview
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The report predicts that the global Alzheimer’s therapeutics market will experience a Compound Annual Growth Rate (CAGR) of approximately 7.0% during the forecast period. The market has witnessed steady growth in recent years, driven by an increase in the geriatric population and a promising drug development pipeline.
Estimates indicate that up to 5.5 million Americans aged 65 and above could have Alzheimer’s disease. The growing geriatric population and a promising drug development pipeline are expected to boost market growth. Additionally, emerging diagnostic technologies and investments in biomarkers for drug development offer opportunities for market development. However, challenges such as failures of late-stage drugs and limited awareness about Alzheimer’s disease hinder market growth.
Major market players, including Eisai Co. Ltd, Novartis AG, Pfizer Inc., Eli Lilly & Company, Johnson & Johnson, Daiichi Sankyo Company Limited, F. Hoffmann-La Roche, H. Lundbeck A/S, TauRx Therapeutics Ltd, and Allergan, contribute significantly to market revenue.
Regional Insights
In 2018, North America dominated the global Alzheimer’s therapeutics market, with the United States being a major contributor due to its access to high-quality healthcare and excellent reimbursement facilities. The Asia Pacific region is expected to witness the highest growth rate, driven by a large patient pool and increased healthcare expenditure.
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Segmentation
By Molecule Type
- Cholinesterase Inhibitors
- NMDA Receptor Antagonists
- Others
Cholinesterase inhibitors held the largest market share among molecule types used for Alzheimer’s disease treatment in 2018. These inhibitors may also help improve neuropsychiatric symptoms such as depression or agitation.
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- E-Pharmacies
E-Pharmacies are increasingly adopted in many countries due to their convenience and flexible accessibility.
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Competitive Analysis
The Federal Government has led study initiatives on Alzheimer’s disease through the National Institute for Aging (NIA) at the National Institutes for Health (NIH). Various research activities are conducted through NIA-supported Alzheimer Research Centers across the US, focusing on the causes, diagnosis, treatment, and management of the disease. NIA also supports the Alzheimer Clinical Trials Consortium, aimed at accelerating and expanding Alzheimer’s and associated dementia research and therapies. In 2015, the NIH allocated approximately $589 million to Alzheimer’s disease research initiatives, which included contributions from the Alzheimer’s Association and the Federal Ministry of Health.
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Key Takeaways
- The Alzheimer’s therapeutics market is shifting towards less invasive procedures.
- Treatment costs are high, and reimbursement scenarios are inconsistent.
- Leading products such as Aricept, Exelon, and Reminyl dominate the industry.
- Combination therapy is increasingly recommended for Alzheimer’s disease patients.
Key Stakeholders
- Healthcare Providers
- Medical Device Manufacturers
- Hospitals and Clinics
- Research and Consulting Firms
- Government Agencies
- Patient Advocacy Groups
Market Dynamics:
Surging air traffic:
- As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability:
- The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability:
- The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization:
- The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation:
- The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems:
- The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology:
- Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation:
- The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets:
- Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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