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DUBLIN--(BUSINESS WIRE)--Oct 14, 2022--
The "Alzheimers Therapeutic Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030" report has been added to ResearchAndMarkets.com's offering.
This report on global Alzheimer's therapeutics market studies various drugs used for the treatment of Alzheimer's along with pipeline analysis of upcoming potential drugs.
For the purpose of this study, the various drugs studied include memantine hydrochloride donepezil hydrochloride rivastigmine and galantamine hydrobromide. The pipeline analysis for Alzheimer's therapeutics market comprises projected market sales of Phase III drugs estimated till 2022.
According to press release published by BioArctic Neuroscience AB, the Alzheimer's disease is age-related and the number of patients doubles every five years beyond age 65, meaning that 30% of 85-year-olds are suffering from the disease. Current estimates indicate 35.6 million people worldwide are affected and researchers estimate that this number could triple by 2050.
According to medical practitioners, donepezil, rivastigmine or galantamine is offered as part of treatment for patients with mild-to-moderate Alzheimer's disease. However, use of memantine is for severe Alzheimer's disease and most of the medical practitioners recommend memantine for people with moderate Alzheimer's disease who cannot take the cholinesterase inhibitor drugs. The current market dynamics suggest that drugs currently available in the market are expected to lose their exclusivity during the forecast period. Hence, the current unmet needs represent a huge opportunity for pharmaceutical companies which are developing targeted novel therapies
According to Alzheimer's Association, if no novel treatments are found to prevent, delay or stop the progression of Alzheimer's disease, the number of people affected in the U.S. is expected to soar to 15 million by 2050 and the cost of care for Alzheimer's patients could increase five-fold to $1.2 trillion a year. The drugs currently available in Alzheimer's therapeutics market treat the cognitive symptoms of the disease such as memory loss, confusion and problems with thinking but do not address the underlying causes of the disease.
However, ongoing research on Alzheimer's treatment is focused on treatments that may restrain or slow down disease progression disease modifying agents. Other areas of research are concentrating at the role inflammation and insulin resistance developed in Alzheimer's disease. According to market experts the major challenges in Alzheimer's clinical trials are as follows:
Market Segmentation
Drug Type
Key Questions Answered in this Report
Key Topics Covered:
1. Preface
2. Executive Summary
3. Alzheimer's Therapeutic Market: Business Outlook & Market Dynamics
4. Alzheimer's Therapeutic Market: By Drug Type, 2020-2030, USD (Million)
5. North America Alzheimer's Therapeutic Market, 2020-2030, USD (Million)
6. UK and European Union Alzheimer's Therapeutic Market, 2020-2030, USD (Million)
7. Asia Pacific Alzheimer's Therapeutic Market, 2020-2030, USD (Million)
8. Latin America Alzheimer's Therapeutic Market, 2020-2030, USD (Million)
9. Middle East and Africa Alzheimer's Therapeutic Market, 2020-2030, USD (Million)
10. Company Profile
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/xxgtu1
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INDUSTRY KEYWORD: BIOTECHNOLOGY PHARMACEUTICAL HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/14/2022 12:03 PM/DISC: 10/14/2022 12:03 PM
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