Sarasota, FL, Dec. 14, 2017 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Alzheimer’s Drugs Market by Drug Class (Cholinergic, Memantine, and Combined Drug), by Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Sales), and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2022”. According to the report, global Alzheimer’s drugs market was valued at approximately USD 3.42 billion in 2016 and is expected to generate revenue of around USD 5.09 billion by end of 2022, growing at a CAGR of around 8% between 2017 and 2022.
Alzheimer’s is a neurodegenerative, progressive disease of the brain, which leads to loss of memory and cognitive functions. It also involves parts of the brain which control thought, memory, and language and over time can seriously affect a person’s ability to carry out daily activities. Alzheimer’s is the most common form of dementia, and it accounts for 60-80% of dementia cases. As Alzheimer’s is a progressive disease, in which symptoms of the disease gradually worsen over a number of years. This disease has no current cure, but treatments for symptoms are available and research continues.
Browse through 90 Tables & 12 Figures spread over 110 Pages and in-depth TOC on “Alzheimer’s Drugs Market Size & Share Analysis 2016: Global Industry Forecast Up to 2022”.
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Global Alzheimer’s drugs are primarily driven by worldwide growing prevalence of Alzheimer’s disease, increasing awareness about the treatment of Alzheimer’s disease. Other major driving factors of Alzheimer’s drugs market are, several neurodegenerative diseases have become increasingly prevalent in the developing countries such as the U.S. in the past few years. This is leading to a steady support from the government to develop a drug for treatment. However, high prices of the advanced drugs can create restraints to the Alzheimer’s drugs market in the developing countries like the Asia Pacific. Additionally, awareness about Alzheimer’s disease remains restricted, which has resulted in unstable healthcare systems and uncooperative research infrastructure in developing countries may limit the growth of the market.
The Alzheimer’s Drugs are segmented on the basis of drug class including cholinergic, memantine and combined drug. On the basis of the distribution channel, Alzheimer’s drugs are segmented as hospital pharmacy, retail pharmacy, and online sales. Of these, memantine is likely to remain the leading contributor to the global Alzheimer’s drugs market in the near future; it is primarily due to the lack of effective drug classes in several developing regions. Combined drug treatment is also likely to remain a major contributor to the global Alzheimer’s drugs market in the coming years due to the growing recognition of its efficacy and rising availability in developed countries.
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North America was the largest regional market and is expected to show significant growth in the years to come. In North America, Alzheimer’s drugs market is growing occurrence of diseases in developed western countries and presence of the global player.
Europe represents developed regional market for Alzheimer’s drugs market and is expected to see the rapid growth in the years to come.
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Growth in Asia Pacific market is expected to be driven by region due to growing awareness about the treatment of Alzheimer’s in the Asia Pacific region. This region is likely to be a key contributor to the global Alzheimer’s drugs market in the coming years.
In Middle East & Africa; African region is projected to register moderate growth rate due to lack of awareness. Latin America is another important regional market and is expected to experience moderate growth over the forecast period. Thus, all the above-mentioned parameters are expected to push the market growth in this region.
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Some of the key players in Alzheimer’s Drugs are Ono Pharmaceutical, Johnson & Johnson, Daiichi Sankyo Company Limited, H Lundbeck A/S, Eisai Co Ltd., and among others.
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This report segments the global Alzheimer’s Drugs is as follows:
Global Alzheimer’s Drugs: by Drug Class
- Combined Drug
Global Alzheimer’s Drugs: by Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Sales
Global Alzheimer’s Drugs: By Region
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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