The population of geriatrics across the world has grown rapidly over the past several decades. Moreover, this growth has witnessed an unprecedented rate in recent times. In 2016, it was approximated that the population of individuals aged 65 years or older was 8.5% or 617 million of the entire world population. Furthermore, it is projected that the figure will witness an increment to 17% i.e. 1.6 billion by the end of 2050. According to the World Health Organization (WHO) by 2050, 80% of older people will be living in low- and middle-income countries. The pace of population ageing is much faster than in the past. All countries are expected to face major challenges to ensure that their health and social systems are ready to tackle this demographic shift. Alzheimers is a gradually debilitating illness which has no known cure as of now. The first symptom is usually a slowly increasing memory loss, beginning between 40 and 65 years of age. In U.S., Alzheimers is the fifth-leading cause of death among those aged 65 and older. Such rapid growth of geriatric population is anticipated to present a remunerative growth opportunity for the global Alzheimers Drugs market in the coming times.
The Alzheimer’s Drugs Market is segmented on the basis of Drugs Class, End Users and region.
Major Drugs Class of Alzheimer’s Drugs Market covered are:
- Cholinesterase Inhibitors (Donepezil, Galantamine, Rivastigmine)
- NMDA Receptor Antagonists (Memantine)
Major Applications of Alzheimer’s Drugs Market covered are:
- Direct Distribution Channel
- Indirect Distribution Channel
Treatment options for Alzheimers disease are needed owing to increasing number of individuals are being afflicted by different forms of the Alzheimers disease. Hence they are many players who have treatment drugs that are in different stages of clinical trials. The strong product pipeline is expected to propel the Alzheimers drug market. Trials are increasingly including preclinical and prodromal populations. There is an increase in non-amyloid mechanisms of action for drugs in earlier phases of drug development. In U.S. there are 112 agents in the current Alzheimers disease treatment pipeline. The key players are focusing on new therapies that will aid to prevent, defer, slow the decline, or improve the symptoms of Alzheimers disease. It has been estimated that the overall frequency of the disease is likely to be decreased by nearly 50% if the onset of the disease could be delayed by 5 years.
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