As per the MRFR reports, the global Alzheimer’s disease diagnostic market is likely to register a healthy CAGR of over 10% during the review timeframe to attain a market size of over USD 12 billion during the forecast period. Alzheimer’s disease is one of the most common forms of disorder in the old population. It is linked with developing dementia. People suffering from this disease are growing rapidly across the globe, so the need emerges to find a useful cure for it. The global Alzheimer’s disease diagnostic market has witnessed enormous growth over recent times.
The market’s growth is being driven by the widespread prevalence of chronic diseases such as dementia, technical advances in the manufacturing of its detection and diagnostics, and the rapid drug development to cure it. However, the market growth is likely to be restrained by the high risk of failure of clinical research and the high initial investment required. Nevertheless, the growing number of initiatives by government and other medical & academic institutes and the rise in the number of clinical and pathological studies across the globe are likely to offer lucrative opportunities over the review timeframe.
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The global Alzheimer’s disease diagnostic market is divided into several segments based on end-users, product type, and region.
Based on product type, the global market Alzheimer’s disease diagnostic is divided into diagnostics and therapeutics.
The Alzheimer’s disease diagnostic market is split into healthcare consumers, academic medical institutions, research & development institutes, government, and healthcare providers based on end-users.
The global Alzheimer’s disease diagnostic market is studied across five major regions: South America, North America, Europe, Asia-Pacific, and the Middle East & Africa. The market is growing across the globe at a rapid pace.
The North American regional Alzheimer’s disease diagnostic market will likely secure the top position worldwide. The regional market is likely to record substantial growth over the review timeframe due to the growth in older and geriatric populations susceptible to this disorder.
The Alzheimer’s disease diagnostic market for the European region holds the second position in the global market. The regional market’s growth is being driven by the huge investment in research and development and many technological advances across the region.
The Asia-Pacific region Alzheimer’s disease diagnostic market is projected to register massive growth over the assessment timeframe. The growth of the regional market is being driven by the initiatives being taken in the developing countries to provide a favorable market for their industry.
The Alzheimer’s disease diagnostic market for the Middle Esat & African region has recorded a slower growth rate than other regions. This is attributed to fewer government initiatives and lower technological developments.
The global market for Alzheimer’s disease diagnostic has an intensely competitive landscape. The sector is lucrative and allows easy entrance to the new players. The list of leading players in the Alzheimer’s disease diagnostic market includes names such as Daiichi Sankyo Co., Pfizer Inc., Novartis AG, Cognition Therapeutics Inc, Treventis Corporation, Alector LLC, Eli Lilly and Company, Allergan PLC, Merck & Co., Hoffmann-La Roche, Neuro-Bio Ltd, Accera, Inc., TauRx (Republic of Singapore), and many others.
The Alzheimer Society of Canada is happy to disclose that it is introducing a nationwide campaign on the occasion of National Alzheimer’s Awareness Month, prompting people that the institution is the First Link® to Support, Knowledge and Community.
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A dementia diagnosis is pretty complicated. Making a quick link to a community of support can make a huge difference by eradicating unknowns and uncertainty. The institution is the first place to go to, and First Link® is the link to support, knowledge, referrals, care, and expertise.
First Link® is the Alzheimer Society program service certified services and information to those who have Alzheimer’s or other dementias and caregivers. It includes the areas of Advocacy, Research, Community, Living Well with the Disease, Education, and Risk Reduction.
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