According to the latest report by IMARC Group, titled, “Alzheimer’s Drugs Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026″, the global reached US$ 6.34 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 6.50% during (2021-2026).
Alzheimer’s disease (AD) is a chronic or persistent disorder that attacks the brain cells, affecting memory, thinking and behavior. Alzheimer’s drugs refer to medications that help lessen symptoms, such as memory loss and confusion, for a limited time. These drugs also influence the functions of neurotransmitters, the chemicals involved in carrying messages between nerve cells in the brain.
The global Alzheimer’s drugs market is primarily driven by the increasing number of people diagnosed with Alzheimer’s disease. Besides this, the increasing prevalence of chronic diseases, such as diabetes, obesity, heart diseases and high blood pressure (BP), that increase the risk of Alzheimer’s are contributing to the market. This is further supported by unhealthy dietary patterns, sedentary lifestyles and smoking, which are known to increase the chances of developing Alzheimer’s disease. Moreover, several pharmaceutical companies are developing drugs that prevent the disease and provide long-lasting improvements in cognitive functions. The development of these drugs is anticipated to propel market growth in the coming years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Alzheimer’s Drugs Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AbbVie (NYSE: ABBV), AstraZeneca PLC (AZN), Biogen Inc. (BIIB)., Daiichi Sankyo Company, Limited (DSNKY), Eisai Co. Ltd., Eli Lilly and Company, H. Lundbeck A/S, F. Hoffmann-La Roche AG, Merck & Co. Inc., Novartis AG, Ono Pharmaceutical Co. Ltd., Pfizer Inc and Teva Pharmaceutical Industries Limited.
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The report has segmented the market on the basis of Type, Thickness, Production Process, Application and Region.
Breakup by Drug Class:
Donepezil
Galantamine
Rivastigmine
Memantine
Others
Breakup by Distribution Channel:
Hospital Pharmacy
Retail Pharmacy
Online Stores
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
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