Alzheimer’s Disease Diagnostic Market Synopsis
Global Alzheimer’s Disease Diagnostic Market 2020, according to MRFR, is poised to reach USD 12 billion by the end of the assessment period, maturing at a CAGR of 10%.
Alzheimer’s Disease Diagnostic Market Scenario
The diagnosis demand for global Alzheimer’s disease is rising at a steady pace, primarily due to the growing prevalence of the disease, making it one of the industry’s key drivers. The key factors would be that healthcare spending per capita and the increasing geriatric population. Through it, the medical test industry, including medical molecules and assays, would make a significant contribution to the patients’ health and wellbeing. In addition, factors such as awareness-raising of the availability and the rewards of modern diagnostic techniques drive demand development.
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In addition, factors such as rising healthcare costs, growing accident injuries causing brain harm, shifting habits, and tendency towards a sedentary lifestyle are generating tremendous demand on the industry. Advances in medical research are undeniably a significant driving force stimulating business expansion. The pioneering strategies and resources that big players have spent in designing groundbreaking testing instruments are paying off well.
On the other hand, lack of knowledge of the signs of the disease and the availability of diagnostic & treatment procedures are key factors that hinder market development. Nonetheless, government interventions in countries around the world to raise the consciousness of people will help business growth during the review period.
Alzheimer’s Disease Diagnostic Market Segmental Analysis
Global Alzheimer’s Disease Diagnostic Market has been segmented based on type, which comprises of familial Alzheimer’s disease, late-onset Alzheimer’s disease, early-onset Alzheimer’s disease, and more.
Based on diagnostic tests, the market is segmented into brain imaging, neurological exam, genetic testing, mini-mental state exam (MMSE), and others. Based on end-users, the market is segmented into hospitals, diagnostic centers, clinics, and others.
Alzheimer’s Disease Diagnostic Market Regional Overview
In 2015, North America held the highest market share in the worldwide diagnosis of Alzheimer’s disease. The diagnosis demand for North American Alzheimer’s disease is estimated to hit USD 12 million by the end of the prediction era. The region’s largest market share contributes to the rising demand for the condition’s diagnostic procedures driven by the prevalence of neurological and Alzheimer’s disease in the population. In addition, high spending on healthcare and investment by major players underpin regional business growth.
Europe is the second-largest testing market for Alzheimer’s disease. The second-largest region is Europe. Huge patient demographics, growing government funding for research, and development drives demand growth within the country. Factors such as the well-proliferated healthcare industry that is seeing the growing number of advanced testing facilities and rising spending on healthcare are driving regional demand growth.
The Asia Pacific is expected to be the fastest-growing field in the testing market for Alzheimer’s disease diagnostic. This demand is primarily driven by the growing numbers of Alzheimer’s disease patients in the population, which is progressively inclining towards the sedentary lifestyle. The Asia Pacific is made up of emerging economies such as India and China, making it the fastest-growing country. In addition, rising funding support from the region’s government and private organizations fosters the development of the sector, increasing R&D activities in the area. Diagnostic demand for APAC Alzheimer’s disease is forecast for significant growth during the appraisal period.
The Middle East & Africa region has the least percentage because of the African region in particular. Because of massive healthcare costs, the Middle East region dominates this region’s share.
Alzheimer’s Disease Diagnostic Market Competitive Dashboard
Some of the major players in this market are Accera, Inc. (US), TauRx (Republic of Singapore), Neuro-Bio Ltd (UK), Alector LLC (US), Treventis Corporation (US), Eli Lilly and Company (UK), Cognition Therapeutics Inc. (US) and others.
Table of Content
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants
5 Global Alzheimer’s Disease Diagnostic Market, By Type
List Of Tables
TABLE 1 GLOBAL ALZHEIMER’S DISEASE DIAGNOSTIC MARKET, 2013-2022 (USD MILLION)
TABLE 2 GLOBAL ALZHEIMER’S DISEASE DIAGNOSTIC MARKET, BY TYPE, 2013-2022 (USD MILLION)
TABLE 3 GLOBAL ALZHEIMER’S DISEASE DIAGNOSTIC MARKET, BY DIAGNOSTICS TYPE, 2013-2022 (USD MILLION)
TABLE 4 GLOBAL ALZHEIMER’S DISEASE DIAGNOSTIC MARKET, BY END USERS, 2013-2022 (USD MILLION)
TABLE 5 GLOBAL ALZHEIMER’S DISEASE DIAGNOSTIC MARKET, BY REGION, 2013-2022 (USD MILLION)
List Of Figures
FIGURE 1 RESEARCH PROCESS
FIGURE 2 PORTERS FIVE FORCES MODEL
FIGURE 3 GLOBAL ORTHOPEDIC TRAUMA DEVICE SMARKET, BY TYPE
FIGURE 4 GLOBAL ALZHEIMER’S DISEASE DIAGNOSTIC MARKET, BY DIAGNOSTICS TYPE
FIGURE 5 GLOBAL ALZHEIMER’S DISEASE DIAGNOSTIC MARKET, BY END USERS
FIGURE 6 GLOBAL ALZHEIMER’S DISEASE DIAGNOSTIC MARKET, BY REGION
FIGURE 7 GLOBAL ALZHEIMER’S DISEASE DIAGNOSTIC MARKET: COMPANY SHARE ANALYSIS, 2015 (%)
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