Global Alzheimer's Disease Market Report 2021-2030: Current Landscape of the Marketed, Clinical and Preclinical Molecules Available/Being Developed for Treatment

Dublin, Nov. 24, 2021 (GLOBE NEWSWIRE) -- The "Alzheimer's Disease Market (2nd edition) by Type of Treatment (Symptomatic and Disease Modifying), Symptomatic Indications (Dementia, Insomnia and Other Psychological Symptoms) and Geography (North America, Europe and Asia-Pacific), 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The Alzheimer's Disease Market report features an extensive study on the current landscape of the marketed, clinical and preclinical molecules available/being developed for the treatment of Alzheimer's disease, offering an informed opinion on the likely evolution of the market, till 2030. The study underlines an in-depth analysis, highlighting the capabilities of various stakeholders engaged in this domain.

Alzheimer's disease is a progressive neurological disorder characterized by the death of brain cells, eventually leading to memory loss, cognitive dysfunction and dementia. Accounting for 60-70% cases of dementia, Alzheimer's disease is known to be the sixth leading cause of death in the US. Presently, more than 6 million Americans of all ages are living with Alzheimer's and this number is projected to reach around 13 million by 2050.

One of the key objectives of the report was to estimate the existing market size and the future growth opportunities for therapies being developed for the treatment of Alzheimer's disease, over the next decade. Based on multiple parameters, such as disease prevalence, anticipated adoption rates and the selling price/likely selling price of therapies for the disease, we have developed informed estimates on the evolution of the market for the period 2021-2030.

In 2020, the healthcare burden associated with the disease was estimated to be around USD 305 billion. Given the socioeconomic burden associated with Alzheimer's, pharmaceutical players have been on the lookout for reliable diagnostic tests and effective treatment alternatives that can slow the progression of this disease. However, not many drugs could make their way to the market and majority of the existing therapeutic approaches have proven ineffective in the treatment of Alzheimer's disease and its related symptoms.

Recently, in June 2021, the FDA granted accelerated approval for the first disease modifying therapy, AduhelmT (Aducanumab), developed by Biogen, for the treatment of Alzheimer's disease. The approval of this amyloid beta-directed antibody has sparked a ray of hope for other players which are seeking approval for similar therapies.