Alzheimer’s disease market was valued at USD 4.71 billion in 2021 and is expected to reach USD 8.98 billion by 2029, registering a CAGR of 8.40% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
In recent years, the Alzheimer’s disease market is anticipated to grow rapidly during the forecast period. In advanced stages of the disease, all memory and mental functions may be lost. According to the World Health Organization's September 2021 report, around 55 million people worldwide suffer from dementia, with nearly 10 million cases recorded each year. According to the same source, Alzheimer's disease is the most common kind of dementia, accounting for 60-70 percent of all dementia cases. Because of the rising prevalence of Alzheimer's disease around the world, governments and non-governmental organizations are spending extensively in the development of diagnostics and therapies for the condition, which could boost market growth.
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Market Analysis and Insights: Global Alzheimer’s Disease Market:
Alzheimer's disease is a neurological condition in which the brain shrinks (atrophy) and brain cells die. Alzheimer's disease is the most prevalent cause of dementia, which is characterised by a progressive loss of cognitive, behavioral, and social abilities that impairs a person's capacity to operate independently. Medications may improve or reduce the course of symptoms temporarily. These therapies can help patients with Alzheimer's disease keep function and independence for a short period of time. People with Alzheimer's disease and their caregivers can benefit from a variety of programmes and services.
Global Alzheimer’s Disease Market Scope and Market Size
Drivers:
Increasing prevalence of chronic diseases
The rising prevalence of chronic diseases such as dementia is a primary driver of the global visual impairment market's growth.
Increasing investment for healthcare infrastructure
Furthermore, rising initiatives by public and private organizations to spread awareness will expand the Alzheimer’s disease market. Additionally, high disposable income and increasing drug development for its cure and treatment will result in the expansion of Alzheimer’s disease market. Along with this, rising geriatric population and changing lifestyle of people will enhance the growth rate of the market.
Opportunities
· Increase in the number of research and development activities
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the Alzheimer’s disease market growth. Along with this, rising drug approvals and launches will further propel the market’s growth rate.
Moreover, rising investment for the development of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the Alzheimer’s disease market growth during the forecast period.
Table of Contents: Global Alzheimer’s Disease Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Alzheimer’s Disease in Healthcare Industry
7 Global Alzheimer’s Disease Market, by Product Type
8 Global Alzheimer’s Disease Market, by Modality
9 Global Alzheimer’s Disease Market, by Type
10 Global Alzheimer’s Disease Market, by Mode
11 Global Alzheimer’s Disease Market, by End User
12 Global Alzheimer’s Disease Market, by Geography
13 Global Alzheimer’s Disease Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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