NEW
YORK, Jan. 31, 2025 /PRNewswire/ -- Report with
the AI impact on market trends - The global alzheimer's disease
therapeutics market size is estimated to grow by USD 5.41 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
10.03% during the forecast period. Availability,
research, and development of novel biomarkers is driving
market growth, with a trend towards emergence of
regenerative therapies. However, high cost of therapeutics
development poses a challenge. Key market players include AB
Science SA, AbbVie Inc., AgeneBio Inc., Biogen Inc., Cipla Ltd.,
Curasia Medilab, Denali Therapeutics Inc., Eisai Co. Ltd., Eli
Lilly and Co., Grifols SA, H Lundbeck AS, Johnson and Johnson,
Lifecare Neuro Products Ltd., Lupin Ltd., Novartis AG, Pfizer Inc.,
Psycogen Captab, Solco Healthcare, Teva Pharmaceutical Industries
Ltd., and Aurobindo Pharma Ltd..
![Technavio has announced its latest market research report titled Global Alzheimer's Disease Therapeutics Market 2024-2028 Technavio has announced its latest market research report titled Global Alzheimer's Disease Therapeutics Market 2024-2028](https://mma.prnewswire.com/media/2610231/IRTNTR40742_bw_info_v4.jpg)
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Alzheimer's Disease
Therapeutics Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
10.03%
|
Market growth
2024-2028
|
USD 5.41
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
8.83
|
Regional
analysis
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Performing market
contribution
|
North America at
39%
|
Key
countries
|
US, Canada, UK,
Germany, and Japan
|
Key companies
profiled
|
AB Science SA, AbbVie
Inc., AgeneBio Inc., Biogen Inc., Cipla Ltd., Curasia Medilab,
Denali Therapeutics Inc., Eisai Co. Ltd., Eli Lilly and Co.,
Grifols SA, H Lundbeck AS, Johnson and Johnson, Lifecare Neuro
Products Ltd., Lupin Ltd., Novartis AG, Pfizer Inc., Psycogen
Captab, Solco Healthcare, Teva Pharmaceutical Industries Ltd., and
Aurobindo Pharma Ltd.
|
Market Driver
Alzheimer's disease, a leading cause of dementia among older
adults, is a neurodegenerative disorder affecting memory
impairment, social skills, and everyday tasks. The Alzheimer's
disease therapeutics market is witnessing significant advancements
in treatment with the development of Amyloid beta inhibitors like
Crenezumab and Tau antibodies. Cholinesterase inhibitors such as
Aricept, Exelon, and Razadyne remain the mainstay of therapy.
Biological therapies, including Memantine, are also gaining
popularity. Drug discovery techniques continue to evolve, with an
increasing focus on pipeline drugs. The market is segmented by Drug
Class, including cholinesterase inhibitors and biological
therapies. Hospitals and hospital pharmacies remain the primary
Distribution Channel, but e-commerce platforms and online
pharmacies are gaining traction. In 2020, over 6 million Americans,
mostly Men and Women aged 65 and above, were diagnosed with
Alzheimer's disease, leading to increased prescription rates and
disability. With an estimated 15 million Americans projected to
have Alzheimer's by 2050, the need for effective treatments is
urgent. The market's growth is driven by the increasing number of
diagnosed patients, life expectancy, and Medicare beneficiaries.
Cognitive assessment systems and smartphone apps are emerging tools
for early diagnosis and disease management. The Internet and
e-commerce services facilitate access to information and drugs,
improving patient care and convenience. The Alzheimer's disease
therapeutics market is expected to continue growing, offering
opportunities for investors and stakeholders.
Alzheimer's disease is a significant cause of dementia among the
elderly population, characterized by memory loss. The disease's
underlying mechanism is not fully understood, but it is known to
involve the abnormal accumulation and aggregation of proteins.
Specifically, extracellular plaques form from the amyloid
B-peptide, while intracellular neurofibrillary masses accumulate
from hyperphosphorylated tau. Despite extensive research worldwide,
there is currently no disease-modifying treatment available for
Alzheimer's disease. Researchers continue their efforts to find a
cure, focusing on neuronal death, synaptic failure, dendritic and
axonal atrophy, and progressive loss of cognitive
functions.
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Market Challenges
- Alzheimer's disease, a leading cause of dementia among older
adults, presents significant challenges in the therapeutics market.
With an estimated 6.2 million diagnosed patients in the US alone,
the need for effective treatments is urgent. Current therapies
include cholinesterase inhibitors like Aricept and Exelon, and NMDA
receptor antagonists such as Memantine. Amyloid beta inhibitors
like Crenezumab are in the pipeline. Drug discovery techniques and
biological therapies targeting brain cells and tau protein are
under investigation. Cognitive assessment systems aid in early
diagnosis. E-Commerce platforms and online pharmacies facilitate
access to drugs like Razadyne and Cogentin for Medicare
beneficiaries. The market faces challenges in addressing memory
impairment, thinking skills, and social skills disability. Life
expectancy increases, leading to a larger patient base. The market
includes hospitals, hospital pharmacies, and e-commerce services.
Men and Women are equally affected, with Alzheimer's being one of
the top causes of death among them. The market growth is driven by
the increasing prescription rate and the need for effective
treatments for Neurodegenerative diseases.
- The Alzheimer's disease therapeutics market is significant due
to the increasing prevalence of this debilitating condition.
Currently, available treatments only manage symptoms, making the
need for disease-modifying therapies more pressing. Researchers are
actively developing such therapies, but the high development costs,
estimated at around USD5.6 billion,
and the lengthy process, spanning approximately 13 years from
preclinical studies to US FDA approval, pose challenges. Despite
these hurdles, the market continues to advance, driven by the
urgent demand for effective Alzheimer's disease treatments.
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Segment Overview
This alzheimer's disease therapeutics market report extensively
covers market segmentation by
- Distribution Channel
- 1.1 Hospital pharmacy
- 1.2 Retail pharmacy
- 1.3 E-commerce pharmacy
- Drug Class
- 2.1 Cholinesterase inhibitors
- 2.2 N-methyl-D-aspartate receptor antagonist
- 2.3 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Hospital pharmacy- The hospital pharmacy
segment of the Alzheimer's disease therapeutics market is
experiencing significant growth due to the increased demand for
these drugs in hospitals. With the expanding healthcare
infrastructure in countries like India and China, driven by government investments, the
need for Alzheimer's disease therapeutics in hospitals is
increasing. The rising number of Alzheimer's disease cases globally
is also contributing to this trend. Hospitals are major
distribution channels for these therapeutics due to the large-scale
requirements of patients undergoing treatment. This growth is
expected to continue during the forecast period.
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Research Analysis
The Alzheimer's disease therapeutics market encompasses
innovative treatments for neurodegenerative diseases, primarily
Alzheimer's and dementias. Two major categories are Amyloid beta
inhibitors and biological therapies. These treatments aim to slow
down the progression of these conditions by targeting the root
causes, such as the buildup of amyloid beta proteins in the brain.
The market caters to both men and women, with increasing prevalence
due to aging populations and longer life expectancies. Prescription
rates for these therapies are rising, with significant demand in
clinics, hospitals, and Medicare beneficiaries. Cognitive
assessment systems play a crucial role in diagnosing and monitoring
the effectiveness of these treatments, focusing on impairments in
thinking, behavioral skills, memory, and everyday tasks. Brain
cells are essential in these conditions, and the ultimate goal of
Alzheimer's disease therapeutics is to preserve and enhance their
function.
Market Research Overview
Alzheimer's disease is a progressive neurodegenerative disorder
characterized by memory impairment, cognitive decline, and
disability in everyday tasks. According to the National Institute
on Aging, an estimated 6.2 million Americans are currently living
with Alzheimer's dementia, with that number projected to increase
to nearly 13 million by 2050. Advancements in treatment for
Alzheimer's disease have focused on various approaches, including
cholinesterase inhibitors such as Aricept and Exelon, and Amyloid
beta inhibitors like Crenezumab. Biological therapies, such as Tau
antibodies, are also being explored. Cognitive assessment systems
and e-commerce platforms, including online pharmacies, are
essential for facilitating access to these treatments for diagnosed
patients. The drug discovery process continues to evolve with the
use of advanced techniques and the pipeline for new drugs. The
distribution channel for these therapeutics includes hospitals,
hospital pharmacies, and retail pharmacies, with Medicare
beneficiaries representing a significant portion of the market. The
increasing use of smartphones and the internet has also expanded
access to information and services related to Alzheimer's disease,
including cognitive assessments and e-commerce services. Despite
these advancements, Alzheimer's disease remains a leading cause of
death and disability among older adults, particularly among Men and
Women, and is one of the most common types of dementia. The global
Alzheimer's disease therapeutics market is expected to grow
significantly due to the increasing prevalence of the disease and
the development of new treatments.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
-
- Hospital Pharmacy
- Retail Pharmacy
- E-commerce Pharmacy
- Drug Class
-
- Cholinesterase Inhibitors
- N-methyl-D-aspartate Receptor Antagonist
- Others
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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