Asia-pacific Alzheimer’s Disease Therapeutics And Diagnostics Market 2022-2028
MARKET OUTLOOK
A Triton Market Research report states that the Alzheimer’s disease therapeutics and diagnostics market in the Asia-Pacific would fast progress with a CAGR of 12.18% over the forecast duration from 2022 to 2028. Japan, India, South Korea, China, Australia & New Zealand, ASEAN countries, and Rest of Asia-Pacific are assessed in the market in this region.
South Korea’s population is aging rapidly. The number of people aged 65 years or above is predicted to reach 12.658 million (24.7%) by 2030, as per the World Population Ageing 2019 study. Due to the rising elderly population’s increased susceptibility to neurological illnesses, including Alzheimer’s disease, the demand for its therapeutics and diagnostics is expected to surge. As a result, the Alzheimer’s disease therapeutics and diagnostics market in the country is anticipated to experience growth during the forecast period.
The Japanese market for Alzheimer’s disease diagnostics and therapeutics is also anticipated to grow favorably over the forecast period, thanks to a strong healthcare system to meet the demands of the rapidly growing geriatric population suffering from dementia, as well as effective public policies and dedicated research for introducing novel treatments. R&D activities for Alzheimer’s detection are in full swing, as the overall understanding of the disease pathology has also gained significant momentum in the last few years. The National Clinical Trials Registry (NCT) reports that, there are roughly 15 ongoing clinical trials for Alzheimer’s disease across various phases at present, in the country. Such developments are expected to foster the market’s growth.
COMPETITIVE OUTLOOK
The prominent companies in the Alzheimer’s disease therapeutics and diagnostics market are Cognoptix Inc, Eli Lilly & Company, Novartis AG, GE Healthcare, Pfizer Inc, Eisai Co Ltd, F. Hoffmann-La Roche AG, Baxter International Inc, and Sun Pharmaceuticals Industries Ltd.
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