The new report by Expert Market Research titled, ‘Global Alzheimer’s Drugs Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global Alzheimer’s drugs market, assessing the market based on its segments like drug classes, distribution channels, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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Alzheimer’s Drugs Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2023-2028)
• Forecast CAGR (2023-2028): 6.8%
The increasing prevalence of Alzheimer’s disease is increasing the demand for Alzheimer’s drugs, driving the global Alzheimer’s drugs market. The need for effective solutions to manage the disease, evolving healthcare infrastructure, improving diagnostics capabilities, and raising awareness regarding Alzheimer’s disease are anticipated to fuel the Alzheimer’s drugs market growth during the forecast period.
Also, diabetes, obesity, heart diseases and high blood pressure (BP), in confluence with sedentary lifestyles, unhealthy dietary patterns and smoking, are known to increase the chances of developing Alzheimer’s disease. One of the main reasons influencing the market growth is the rising prevalence of chronic diseases and people’s lifestyle choices, combined with the growing geriatric population.
Alzheimer’s Drugs Industry Definition and Major Segments
The most prevalent type of dementia, Alzheimer’s disease, named after the neurologist Alois Alzheimer, affects roughly 60 to 70 percent of the 50 million people with dementia globally. It is a neurological condition, similar tolike Parkinson’s. The disorders are followed by a gradual loss of nerve cells and cell activities, which eventually gets so bad that the brain can no longer make up for it.
By drug class, the global Alzheimer’s drugs market is segmented into:
• Combined Drug
The several distribution channels of the market are:
• Retail Pharmacies
• Online Pharmacies
• Hospital Pharmacies
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Alzheimer’s Drugs Market Trends
Rising research and development activities by major pharmaceutical companies and research institutes for Alzheimer’s effective therapy are expected to propel the global Alzheimer’s drugs market. The development of digital tools for Alzheimer’s disease and dementia is also expected to contribute to the global Alzheimer’s drugs growth.
The increase in telehealth services and the popularity of online pharmacies are also contributing to the market expansion. These platforms have made it possible to diagnose diseases and distribute medications to remote areas. In addition, numerous medications for Alzheimer’s are presently undergoing late-stage clinical studies. In the upcoming years, it is projected that the development of these drugs will fuel the market expansion.
Key Market Players
The major players in the market are:
- F. Hoffmann-La Roche Ltd
- Novartis AG
- Merck Sharp & Dohme Corp.
- Biogen Inc.
- AbbVie Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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