Global Alzheimer’s Disease Diagnostic Market – Overview:
The wide spread detection of Alzheimer’s disease in various areas of the world as well as its detection in diverse demographics have prompted the expansion of the sector. Market reports linked to the healthcare sector made available by Market Research Future along with published reports on other sectors have been recently issued along with a report on this market. The industry is expected to attain USD 12 billion in revenues by the end of the forecasted period while expanding at a CAGR of 10 percent in the forecast period.
The ability to detect Alzheimer’s in the initial stages can help in a major way to control the progression of the disease. However, increase in the geriatric segment of the population has increased in the number of cases that are being detected around the world. Rise in the level of medical breakthroughs made towards understanding the disease have enabled the discovery of new methods for detection. Additionally, discoveries of new drugs that can potentially control Alzheimer’s are also increasing gradually, which is beneficial for the development of this market especially through the forecast period.
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Alzheimer’s Disease Diagnostic Industry Segments:
The industry for Alzheimer’s disease diagnostics globally on the basis of type has been segmented into late-onset Alzheimer’s disease, early-onset Alzheimer’s disease, familial Alzheimer’s disease and more. The end users category segments the market into hospitals, clinics, diagnostic centers and others. The diagnostic test segment of the industry comprises of mini-mental state exam (MMSE), genetic testing, neurological exam, brain imaging and others.
Alzheimer’s Disease Diagnostic Market Detailed Regional Analysis:
The regional analysis for Alzheimer’s disease diagnostic market includes regions such as Europe, Asia Pacific, North America and rest of the world. The North American region held the major market share in Alzheimer’s disease diagnostic globally in 2015. The North American region for Alzheimer’s disease diagnostics is anticipated to reach USD 12 Million by the end of the forecast period. The European region is the second major industry for Alzheimer’s disease diagnostic industry. The Asia Pacific is estimated to be the most rapidly growing region of the Alzheimer’s disease diagnostic industry in the forecast period.
Global Alzheimer’s Disease Diagnostic Market Competitive Analysis:
Contenders who are a part of the industry have devised their corporate strategy blueprint in a way that that can bring the best outcomes for development in the current scenario. With the ability to sustain their competitive edge being one of the primary factors driving their efforts, the scope for growth in the industry appears to be promising through the forecast period. The rising affinity for diversification in the market, has indirectly enabled the players to utilize the many prospects available. The companies in this particular industry are also trying to maintain and enhance financial liquidity that can be instrumental to invest in growth strategies as and when they become available. This particular trend has empowered portfolio improvements along with the affinity for diversification in the sector, which has helped the market competitors tremendously in this industry.
The prominent contenders in the market for Alzeihmer’s disease diagnostic market are Neuro-Bio Ltd (UK), TauRx (Republic of Singapore), Accera, Inc. (US), Alector LLC (US), Treventis Corporation (US), Eli Lilly and Company (UK), Cognition Therapeutics Inc. (US) among others.
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Alzheimer’s Disease Diagnostic Industry Updates:
April 2018 A group of researchers are on the verge of developing a blood test that can spot Alzheimer’s disease long before symptoms appear. The test will be exceptionally useful for scientists trying to understand and treat Alzheimer’s. A study which was made available in the EMBO Molecular Medicine journal has discovered a potential solution to this important problem. By the use of immuno-infrared sensor technology which is based on an antibody is the basis for the test’s fuctionality. The sensor is used to extract all amyloid-beta from the blood sample. The researchers can measure the comparative levels unhealthy and of healthy protein due to the dual versions of beta-amyloid that are taken in infrared light at various permitted frequencies.
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