Latin America Alzheimer’s Disease Therapeutics And Diagnostics Market 2022-2028
MARKET OUTLOOK
Triton Market Research has put forth that the Alzheimer’s disease therapeutics and diagnostics market in Latin America is likely to grow with a 6.19% of CAGR over the forecast years from 2022-2028. Mexico, Brazil, and Rest of Latin America are analyzed in the market in this region.
In 2019, a major international initiative for Alzheimer’s disease led by the School of Medicine at Washington University opened five new sites in the region, including Brazil, Argentina, Mexico, and Colombia. The objective was to conduct research & development activities on Alzheimer’s disease.
Further, there are a number of academic research groups and non-governmental organizations (NGOs) engaged in Alzheimer’s disease-related research. The Brazilian Association of Alzheimer’s (ABRAz), which is a leading national NGO, offers support to families of patients affected by dementia. The nation has also managed to gain the attention of private healthcare insurance-providing companies.
Besides, a number of workshops and programs are being held across the country for understanding Alzheimer’s disease management. For instance, a UK-Brazil dementia workshop, held in 2019, revealed that the nation faces a major challenge of underdiagnosis of Alzheimer’s disease and dementia. This highlights the immense need for awareness, diagnosis, and treatment of Alzheimer’s disease in the country, and, in turn, is expected to drive the market growth.
COMPETITIVE OUTLOOK
Merck and Co, Lupin Limited, F. Hoffmann-La Roche AG, Pfizer Inc, Zydus Cadila, Johnson and Johnson, Sun Pharmaceuticals Industries Ltd, Novartis AG, and Baxter International Inc are some of the prominent names operating in the Alzheimer’s disease therapeutics and diagnostics market.
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