"Emerging blood-based diagnostics and disease-modifying therapeutics set to revolutionize Alzheimer's disease market, addressing public health crisis and economic burden."
BOSTON, April 17, 2025 /PRNewswire/ -- BCC Research reveals in its new report, Alzheimer's Disease Therapeutics and Diagnostics: Global Markets [https://www.bccresearch.com/market-research/pharmaceuticals/alzheimers-disease-therapeutics-diagnostics-markets-report.html?utm_source=PRNWPHM062E&utm_medium=referral&utm_campaign=prnewswire], the market for Alzheimer's disease (AD) therapeutics and diagnostics is expected to grow from $9.7 billion in 2024 to $19.6 billion by the end of 2029 at a compound annual growth rate (CAGR) of 15.1% from 2024 to 2029. Rising prevalence of AD is driving demand for treatments and diagnostics.
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This in-depth analysis provides a comprehensive overview of the global market for AD diagnostics and therapeutics. It focuses on biomarker tests for AD while excluding cognitive tests and neuroimaging methods. The diagnostics market is segmented by test type and region. In the therapeutics segment, the report covers only pharmacological treatments, excluding alternative treatments and off-label drugs used for managing non-cognitive symptoms like agitation and depression. The therapeutics market is segmented by purpose, drug class, drug type, disease stage, and region.
Advancements in AD diagnostics and treatments are occurring at a rapid pace. New biomarkers and imaging technologies are enabling earlier and more accurate diagnoses while emerging drug therapies aim to slow disease progression. As of November 1, 2024, over 20 novel compounds were in Phase 3 development, and their advancement is expected to drive significant market growth. This report provides essential information for AD diagnostics and pharmaceutical industry stakeholders, highlighting market trends and opportunities.
Factors Driving the Market:
Increasing cases: The number of people with Alzheimer's is rising, driving demand for treatments and diagnostics.
High unmet needs: There are limited effective treatments, creating a need for better options.
Focus on biomarkers: Biomarkers help in early diagnosis and drug development, improving treatment outcomes.
Investment in neuroscience: More funding is going into neuroscience research to develop new treatments.
Public awareness: Increased awareness and early diagnosis improve patient care and management.
Late-stage drug trials: Many drugs are in late-stage trials, promising new and effective treatments soon.
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Report Synopsis
Report Metric Details Base year considered 2023 Forecast period considered 2024-2029 Base year market size $9.0 billion Market size forecast $19.6 billion Growth rate CAGR of 15.1% from 2024 to 2029 Segments covered Diagnostic test type, therapeutics purpose, drug class, drug type, disease stage Regions covered North America, Europe, Asia-Pacific and the Rest of the World Countries covered U.S., Canada, Mexico, Germany, the U.K., France, Italy, China and Japan Market drivers Growing incidence of Alzheimer's disease High unmet needs Growing focus on biomarkers in diagnosis and drug development Increasing investments in neuroscience Growing public awareness and early diagnosis of AD Large number of drugs in late-stage clinical trials
Compelling Facts:
-- As of November 2024, half of the AD treatments in phase 3 trials are
small molecules designed to modify the disease.
-- Several drugs already on the market for other conditions are being
tested for AD.
-- As of November 2024, neurotransmitter receptors are the most common
focus in clinical trials.
Emerging Startups
AgeneBio, Inc.: The company is investigating AGB101 (levetiracetam) in phase 2 and 3 clinical trials to treat hippocampal overactivity and assess its ability to control the progression of Alzheimer's dementia. Currently, no treatments have shown these benefits.
Diadem srl: The company's AlzoSure Predict, a blood biomarker test for AD screening/ detection has received CE-IVD and BDD by the U.S. FDA.
Questions Addressed:
1. What is the projected market size and growth rate of the Alzheimer's
disease diagnostics and therapeutics market?-- The global AD diagnostics
and therapeutics market was estimated at around $9.0 billion in 2023. The
market is projected to reach $19.6 billion in 2029, growing at a CAGR of
15.1% during the forecast period.
2. Which segments are covered in the report?-- An in-depth analysis of the
global Alzheimer's disease diagnostics and therapeutics market, including
historical data and market projection on sales by diagnostic test type,
therapeutics purpose, drug class, drug type, disease stage, and region.
3. Which type segment will dominate the market by the end of 2029?-- The
therapeutics type segment is anticipated to dominate the market.
4. Which market is growing fastest among all?-- The therapeutics segment is
the fastest-growing market.
Market Leaders:
-- ABBVIE INC.
-- ALPHA COGNITION
-- ALZPATH INC.
-- AUROBINDO PHARMA
-- BIOGEN
-- C2N DIAGNOSTICS
-- CORIUM LLC.
-- DIADEM SRL
-- EISAI CO. LTD.
-- F. HOFFMANN-LA ROCHE LTD.
-- H.U. GROUP HOLDINGS INC.
-- LABORATORY CORPORATION OF AMERICA HOLDINGS
-- LILLY
-- OTSUKA HOLDINGS CO. LTD.
-- QUEST DIAGNOSTICS INC.
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