Alzheimer’s Disease Market Expected to Reach US$ 54 Bn by 2030 | CAGR 8%

  • Date: 30 Sep, 2023

The global Alzheimer’s disease market is anticipated to reach a value of US$ 54 billion by 2030, expanding at a CAGR of 8% during the forecast period 2023-2030. Alzheimer's disease is a progressive neurodegenerative disorder characterized by gradual memory loss and cognitive decline. It is the most common cause of dementia, accounting for 60-80% of dementia cases worldwide. Currently, over 50 million people globally have dementia with numbers expected to almost triple by 2050 as populations age.

North America dominated the Alzheimer’s market in 2022 with a 60% share driven by high diagnosis rates, favorable reimbursement coverage and access to approved therapies in the US. Europe accounted for the second largest share due to rising prevalence and government funding for dementia research and care. The growth drivers for this market include the rising aging population which is significantly expanding the patient pool, advances in diagnostic techniques enabling earlier detection, robust pipeline of disease-modifying therapies, and emerging digital health solutions. However, high clinical trial failure rates and reimbursement challenges pose restraints.

The Alzheimer’s disease market represents a major segment within the broader neurodegenerative disorder pharmaceutical sector. Alzheimer's is characterized by the abnormal accumulation of amyloid beta protein plaques and tau tangles in the brain which lead to neuronal damage and eventually cell death. There are currently only symptomatic treatments available which temporarily improve cognition but do not alter disease progression. The market landscape comprises patented branded drugs as well as generics. Many companies are actively developing novel small molecule, immunotherapy and gene therapy approaches targeting underlying disease pathologies that can potentially modify Alzheimer's progression.

Drivers, Trends and Opportunities:

Drivers:

  • The rising aging population worldwide is significantly expanding the patient pool for Alzheimer's treatments and care solutions, with over 50 million people globally living with dementia in 2023
  • Advances in diagnostic techniques such as cerebrospinal fluid tests, genetics tests, and imaging modalities like PET scans are driving earlier detection of Alzheimer's disease

Trends:

  • Increasing use of big data analytics and machine learning in Alzheimer’s drug development and clinical trials.
  • Shift towards targeted therapies based on genetic drivers and biomarkers.

Opportunity: 

  • Emerging digital solutions like cognitive assessment tools, virtual assistants, and wearables provide opportunities to improve Alzheimer’s diagnosis, monitoring, and care.

Regional Analysis and Company Info:

  • North America accounted for 60% share of the Alzheimer’s market in 2023, driven by high prevalence in the US, favorable reimbursement coverage, and presence of leading companies like Biogen, Eli Lilly, Amgen.
  • Europe holds the second largest share of 26% propelled by rising incidence in Germany, UK, France and significant funding for dementia research and care.
  • Top companies operating in the Alzheimer’s market include Biogen, Eli Lilly, Roche, Novartis, AstraZeneca, Johnson & Johnson, AbbVie, Pfizer, Merck & Co., Amgen.

Definition:

"Alzheimer’s disease is a progressive neurodegenerative disorder characterized by gradual memory loss, decline in cognitive abilities, and behavioral changes that eventually lead to loss of independent function. It is caused by abnormal protein deposition in the brain. Alzheimer's is the most common form of dementia accounting for 60-80% cases. The hallmark pathologies include extracellular amyloid beta plaques and intracellular neurofibrillary tangles containing tau protein. There are currently no treatments that can cure or alter the course of Alzheimer's disease. Approved therapies only provide symptomatic relief for a limited time. The Alzheimer's disease market comprises pharmaceuticals, diagnostics, medical devices and digital solutions used for Alzheimer's diagnosis, treatment, monitoring and care."

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