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Allied Market Research

Dementia Drugs Market by Drug Class (MAO Inhibitors, Glutamate Inhibitors, and Cholinesterase Inhibitors), Indication (Lewy Body Dementia, Parkinson’s Disease Dementia, Alzheimer’s Disease, Vascular Dementia, and Other Indications), and Distribution Channel (Retail Pharmacies, Hospital Pharmacies, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12014
Pages: NA
Sep 2021 | 60 Views
   
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Dementia is a syndrome in which there is deterioration in thinking, behavior, memory, and the ability to perform daily activities. The most common form of dementia is Alzheimer's disease. Dementia results from a many injuries & diseases that primarily or secondarily impact the brain. There is often a lack of awareness about dementia which results in obstacles to examination and care. Cholinesterase inhibitors are most commonly prescribed medicines which help prevent break down of acetylcholine in the brain as acetylcholine is essential in learning, memory, and mood of an individual. Cholinesterase inhibitors also seem to slow the worsening of Alzheimer’s symptoms.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

 2021–2030

 Base Year Considered

 2020

 Forecast Period 

 2021–2030

 Forecast Unit

 Value (USD)

 Segments Covered

 Drug Class, Indication, Distribution Channel, and Region

 Regions Covered

 North America, Europe, Asia-Pacific, and LAMEA

 Companies Covered

Apotex Inc, Aurobindo Pharma, Eisai Co., Ltd, Eli Lilly and Company, Johnson and Johnson, Pfizer, Inc., Teva Pharmaceuticals, Zydus Cadila, Janssen Pharmaceuticals, Inc., Biogen Pharmaceuticals, Forest Laboratories, Inc., Novartis AG, Sanofi S.A., AstraZeneca, F. Hoffmann-La Roche, Merck and Co., Inc.,  and Valeant Pharmaceutical International

 

COVID-19 Impact analysis

Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the dementia drugs market.

Top Impacting Factors

  • Increase in cases of chronic diseases, surge in geriatric population, and major players concentrating on introduction of innovative products are the factors that drive the growth of the dementia drugs market.
  • In addition, increase in healthcare expenditure by government to promote the R&D activities, availability of several business policies, collaborations, and partnerships between key players to facilitate drug development are some factors, which boost the market growth for dementia drugs.
  • However, strict government regulations related to product approval and high cost linked to R&D activities are expected to hinder the market growth.
  • Contrarily, accelerated technological advancements in drug discovery technique & high investment by the government for drug development are factors that present new pathways in the industry.

Market Trends

New product launches to flourish the market

In 2019, Rivastigmine Exelon was approved by FDA to treat mild to moderate dementia associated with Parkinson’s disease as well as mild-to-moderate Alzheimer’s.

In 2019, Biogen a global drug company applied to get approval by Food and Drug Administration, for an experimental drug, aducanumab, to treat people with mild cognitive impairment and the earliest signs of Alzheimer’s disease.

In October 2020, The third Dementia Innovation Readiness Index launched by Alzheimer's Disease International in partnership with the Lien Foundation & Global Coalition on Aging (GCOA) in 30 global cities across the globe.

Key Segments Covered

Segment

Subsegment

 Drug Class

  • MAO Inhibitors
  • Glutamate Inhibitors
  • Cholinesterase Inhibitors

 Indication

  • Lewy Body Dementia
  • Parkinson’s Disease Dementia
  • Alzheimer’s Disease
  • Vascular Dementia
  • Other Indications

 Distribution Channel

  • Retail Pharmacies
  • Hospital Pharmacies
  • Others

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA


Key Benefits of the Report

  • This study presents the analytical depiction of the dementia drugs industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the dementia drugs market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the dementia drugs market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed dementia drugs market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the dementia drugs Report

  • Who are the leading players active in the dementia drugs market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is "Dementia drugs"?
  • What is "Dementia drugs" Market prediction in the future?                                                                                                                                                                                                                            
 
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