London, UK -- (SBWire) -- 03/21/2022 --According to Triton's report, the global Alzheimer's disease therapeutics and diagnostics market, which reaped $6585.9 million in 2020, is predicted to witness growth at 5.56% of CAGR by 2028.
A recent study by Triton Market Research titled 'Global Alzheimer's Disease Therapeutics and Diagnostics Market' includes the Global Analysis and Forecasts by Therapeutics and Diagnostics (Therapeutics {Therapeutics by Disease Stage [Late Stage: Severe AD, Early/Middle Stage: Mild to Moderate AD, Prodromal Stage], Therapeutics by Drugs [Marketed Drugs, Pipeline Drugs], Therapeutics by Generic and Branded [Branded, Generic]}, Diagnostics {Blood Test, Computed Tomography, Magnetic Resonance Imaging, Electroencephalography, Lumbar Puncture Test, Positron Emission Tomography (PET), Other Diagnostics}) and by Geography (North America, Latin America, Europe, Middle East and Africa, Asia-Pacific).
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Triton's report estimates the global Alzheimer's disease therapeutics and diagnostics market to surge based on revenue at a CAGR of 5.56% during the period of 2021-2028. It is further projected to display revenue worth $10149.5 million by 2028.
There are increasing investments being made in biomarkers for drug development and early detection of Alzheimer's. These growing investments can lead to an increase in the adoption of biomarker-based diagnostics and the development of novel therapeutics. This, in turn, will boost the growth of the Alzheimer's disease therapeutics and diagnostics market, globally, in the years to come.
On the flip side, several biotech and pharmaceutical companies have faced multiple failures during late-phase clinical trials. The failure of the late-stage drugs to induce significant improvement in symptoms is majorly impeding the growth of the market studied.
The market for Alzheimer's disease therapeutics and diagnostics is mainly categorized into therapeutics and diagnostics. Based on therapeutics, it is divided into therapeutics by disease stage, therapeutics by drugs, and therapeutics by generic and branded. According to therapeutics by disease stage, it is categorized into late stage: severe AD, early/middle stage: mild to moderate AD, and prodromal stage.
Whereas, according to Therapeutics by drugs, the market is divided into marketed drugs and pipeline drugs. As per generic and branded, it is classified into branded and generic. The diagnostics segment consists of blood test, computed tomography, magnetic resonance imaging, electroencephalography, lumbar puncture test, positron emission tomography (PET), and other diagnostics.
Globally, the Asia-Pacific is estimated to exhibit the fastest growth in the global market over the forecasted years. There are several emerging economies present in this region. Owing to the economic development here and the growing public awareness, the demand for better healthcare interventions is also on the rise.
Also, with the improving economic conditions, there is a rise in per capita income as well as people's purchasing power. This has made countries in the APAC new hotspots for investments, and this is expected to boost the AD therapeutics and diagnostics market growth during the forecast period. Further, the rising geriatric population and the increasing prevalence of dementia & AD are raising the demand for therapeutics and diagnostics in this region.
Johnson & Johnson, PeopleBio Co, Allergan Plc acquired by Abbvie, Cognoptix Inc, Teva Pharmaceutical Industries Limited, Pfizer Inc, GE Healthcare, Baxter International Inc, Siemens Healthineers AG, Merck & Co Inc, Biogen Inc, Eli Lilly & Company, F Hoffmann La Roche, Eisai Co Ltd, Novartis AG, Amarantus Bioscience Holdings Inc, Sun Pharmaceuticals Industries Ltd, Zydus Cadila, Luye Pharma Group, and Lupin Limited are the established companies thriving in the studied market.
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Question & Answer: Alzheimer's Disease Therapeutics and Diagnostics Market
Question 1: What will boost the growth of the Alzheimer's disease therapeutics and diagnostics market, in the years to come?
Answer: There are increasing investments being made in biomarkers for drug development and early detection of Alzheimer's. These growing investments can lead to an increase in the adoption of biomarker-based diagnostics and the development of novel therapeutics. This, in turn, will boost the growth of the Alzheimer's disease therapeutics and diagnostics market, globally, in the years to come.
Question 2: What is majorly impeding the growth of the market studied?
Answer: On the flip side, several biotech and pharmaceutical companies have faced multiple failures during late-phase clinical trials. The failure of the late-stage drugs to induce significant improvement in symptoms is majorly impeding the growth of the market studied.
Question 3: Which region is estimated to exhibit the fastest growth in the Alzheimer's disease therapeutics and diagnostics market?
Answer: Globally, the Asia-Pacific is estimated to exhibit the fastest growth in the global market over the forecasted years. There are several emerging economies present in this region. Owing to the economic development here and the growing public awareness, the demand for better healthcare interventions is also on the rise.
Also, with the improving economic conditions, there is a rise in per capita income as well as people's purchasing power. This has made countries in the APAC new hotspots for investments, and this is expected to boost the AD therapeutics and diagnostics market growth during the forecast period. Further, the rising geriatric population and the increasing prevalence of dementia & AD are raising the demand for therapeutics and diagnostics in this region.
Question 4: Which are the established companies thriving in the Alzheimer's disease therapeutics and diagnostics market?
Answer: Johnson & Johnson, PeopleBio Co, Allergan Plc acquired by Abbvie, Cognoptix Inc, Teva Pharmaceutical Industries Limited, Pfizer Inc, GE Healthcare, Baxter International Inc, Siemens Healthineers AG, Merck & Co Inc, Biogen Inc, Eli Lilly & Company, F Hoffmann La Roche, Eisai Co Ltd, Novartis AG, Amarantus Bioscience Holdings Inc, Sun Pharmaceuticals Industries Ltd, Zydus Cadila, Luye Pharma Group, and Lupin Limited are the established companies thriving in the studied market.
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Global Sleep Apnea Therapeutics and Diagnostics Market
The global sleep apnea therapeutics and diagnostics market is probable to display growth in its revenue during the period 2021-2028, at a CAGR of 6.90%. It is estimated to attain revenue worth $8243.2 million by 2028.
Sleep apnea is a serious condition that decreases or stops the patient's breathing patterns during sleep. In some cases, this pause in breathing (or apnea) can last for 10 seconds or longer, and may take place up to 30 times or more in an hour. Symptoms of sleep apnea include loud snoring, restless sleep, and daytime sleepiness. While more than 22 million people in the US suffer from sleep apnea, only 20% have been diagnosed and treated.
There are three main types of sleep apnea, which include central sleep apnea, obstructive sleep apnea, and complex sleep apnea syndrome. Factors such as the rising incidences of sleep apnea, growing awareness among patients in developing countries, favorable initiatives by the government, and advancements in technology are expected to drive the growth of the market over the coming period.
