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Alzheimer's Drugs Market Report by Drug Class, Drug Type, Distribution Channel, Region and Company Analysis 2024-2032

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    Report

  • 225 Pages
  • June 2024
  • Region: Global
  • Renub Research
  • ID: 5715840
The global Alzheimer's drug market reached US$ 6.95 Billion in 2023 and is expected to reach US$ 15.08 Billion through 2032, with a CAGR of 8.99 percent from 2024 to 2032.

Alzheimer's disease is a situation that causes a sluggish deterioration in memory loss, cognitive capabilities, and the inability to execute each day's activity. There is presently no cure for Alzheimer's disease; however, there are drugs that may help control its symptoms and reduce its progression through the years. Cholinesterase inhibitors, along with donepezil, rivastigmine, and galantamine, are the most commonly used drugs for Alzheimer's disease. These medicinal drugs improve acetylcholine levels, a neurotransmitter reduced in Alzheimer's sufferers' brains. Cholinesterase inhibitors can help specific people enhance their cognitive function, memory, and behavior by increasing their acetylcholine levels.

According to the World Health Organization, more than fifty-five million people worldwide have dementia, with Alzheimer's disease being the most common. The anticipated growth price for this number is nearly 100% over2 decades, culminating in a population of 82 million by 2030 and 152 million by 2050.

Number of Alzheimer’s Disease Worldwide

Alzheimer's disease affects 7 million Americans, with the quantity predicted to rise to 13 million by 2050, consistent with the Alzheimer's Association.
  • In January 2024, it is expected that approximately 750,000 Canadians will be living with Alzheimer's disease or another form of dementia.
  • In January 2024, it is anticipated that about 750,000 Canadians will be residing with Alzheimer's sickness or every other form of dementia.
  • The number of people with dementia in the UK is predicted to increase from 900,000 in December 2021 to more than 1 million by 2025 and 1.6 million by 2040.
  • In 2021, around 1.8 million people in Germany will have dementia, with 1.5 million suffering from Alzheimer's. By 2050, it is expected to rise to 2.7 million.
  • Over 1,175,000 people in France have Alzheimer's disease, with 200,000 new diagnoses each year. In 2020, more than 396,000 patients in France were treated for Alzheimer's disease, the majority of whom were 75 years of age or older.
  • In December 2021, more than 800,000 people in Spain had Alzheimer's disease, accounting for 60-70% of the total number of dementia cases.
  • More than 280,000 people in the Netherlands have dementia, with approximately 178,000 being diagnosed. The number of people aged 90 and older living with dementia in the country is expected to rise from over 50,500 in 2018 to more than 164,000 by 2050.
  • In September 2023, China had over 10 million Alzheimer's patients out of a total of 15 million elderly adults aged 60 and up with dementia.
  • In April 2023, 8.8 million Indians over the age of 60 had dementia, accounting for 7.4% of the total population.

China Alzheimer's Drugs Market

China is confronting a rising difficulty with its elderly population, which has resulted in a considerable increase in the incidence of neurological diseases such as Alzheimer's and other forms of dementia. Alzheimer's disease remains the most common cause of death in China, ranking fifth on the list of prevalent causes. As a result, it has posed a significant financial strain on individuals, households, and society. In China, more than 15 million people aged 60 and more have dementia, with Alzheimer's disease accounting for 62% of cases. Alzheimer's disease grows in prevalence with age, affecting 2-5% of those 65 and older and 15-20% of those 80 and older.

The financial burden is substantial, spending billions of yuan annually and straining healthcare resources. China's 'Healthy China Action' strategy intends to move the focus away from disease treatment and toward health maintenance for the expanding ADRD population. In China, healthcare reimbursement is mainly administered by the NHSA, which covers more than 95% of the population. Reimbursement rates vary depending on insurance plans and medical treatments received, which are classified according to necessity and importance.

In January 2024, Eisai and Biogen disclosed that their Alzheimer's medication, Leqembi, had been approved in China, making it the third nation to do so after the United States and Japan.

Alzheimer's Drugs Market Company Overview

Industry leaders in the Alzheimer's drug market include Abbvie, AstraZeneca, Biogen, Eisai, Eli Lilly, Lundbeck, Roche, Merck, Novartis, Ono Pharmaceutical, Pfizer, and Teva.

Alzheimer's Drugs Market News

  • Eisai's LEQEMBI was approved in China in January 2024 to treat Alzheimer's.
  • In July 2023, AbbVie Inc. expanded its collaboration with nonprofit Scripps Research's Caliber to develop preclinical and early-stage clinical assets for the biopharmaceutical business. The cooperation intends to create disease treatments.
  • Leqembi obtained its regulatory clearance in July 2023. The US FDA has approved Lecanemab-irmb for the treatment of Alzheimer's disease.
  • Eli Lilly & Company revealed positive results from the TRAILBLAZER-ALZ 2 Phase III research in May 2023, indicating that donanemab improved impairment in Alzheimer's patients in the early stages.
  • In September 2022, Lecanemab demonstrated promising results in a Phase 3 clinical trial, indicating that it can potentially treat Alzheimer's.
  • Eisai Co. Ltd. and Washington University of Medicine announced a collaboration in December 2022 to explore cures for Alzheimer's disease and other mental diseases.
  • In June 2021, Biogen's Aduhelm will become the first FDA-approved Alzheimer's medicine in nearly two decades.
  • In 2021, the Alzheimer's Association funded the AMP-AD Target Discovery and Preclinical Validation Project with $5.5 million to discover new therapeutic targets for Alzheimer's treatment.

Drug Class - Market breakup in 4 viewpoints:

1. Cholinesterase Inhibitors
2. NMDA Receptor Antagonist
3. Combination Drugs
4. Others

Drug Type - Market breakup in 5 viewpoints:

1. Galantamine
2. Donepezil
3. Memantine
4. Rivastigmine
5. Others

Distribution Channel - Market breakup in 3 viewpoints:

1. Hospital Pharmacies
2. Retail Pharmacies
3. Online Pharmacies

Country - Market of 25 Countries Covered:

1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey

3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand

4 Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina

5 Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa

All the Key players have been covered from 4 Viewpoints:

1. Overview
2. Recent Development
3. Product Portfolio
4. Financial Insights

Company Analysis:

1. Abbvie Inc.
2. AstraZeneca PLC
3. Biogen Inc.
4. Eisai Co. Ltd.
5. Eli Lilly and Company
6. H. Lundbeck A/S
7. F. Hoffmann-La Roche AG
8. Merck & Co. Inc.
9. Novartis AG
10. Ono Pharmaceutical Co. Ltd.
11. Pfizer Inc.
12. Teva Pharmaceutical Industries Limited

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Alzheimer’s Drugs Market
6. Global Alzheimer’s Drugs Market Share Analysis
6.1 Drug Class
6.2 Drug Type
6.3 Distribution Channel
6.4 Country
7. Drug Class- Global Alzheimer’s Drugs Market
7.1 Cholinesterase Inhibitors
7.2 NMDA Receptor Antagonist
7.3 Combination Drugs
7.4 Others
8. Drug type - Global Alzheimer’s Drugs Market
8.1 Galantamine
8.2 Donepezil
8.3 Memantine
8.4 Rivastigmine
8.5 Others
9. Distribution Channel - Global Alzheimer’s Drugs Market
9.1 Hospital Pharmacies
9.2 Retail Pharmacies
9.3 Online Pharmacies
10. Country - Global Alzheimer’s Drugs Market
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Thailand
10.3.6 Malaysia
10.3.7 Indonesia
10.3.8 Australia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 South Africa
11. Porter’s Five Analysis - Global Alzheimer’s Drugs Market
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis - Global Alzheimer’s Drugs Market
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Company Analysis - Global Alzheimer’s Drugs Market
13.1 Abbvie Inc.
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Product Portfolio
13.1.4 Financial Insights
13.2 AstraZeneca PLC
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Product Portfolio
13.2.4 Financial Insights
13.3 Biogen Inc.
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Product Portfolio
13.3.4 Financial Insights
13.4 Eisai Co. Ltd.
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Product Portfolio
13.4.4 Financial Insights
13.5 Eli Lilly and Company
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Product Portfolio
13.5.4 Financial Insights
13.6 H. Lundbeck A/S
13.6.1 Overview
13.6.2 Recent Development
13.6.3 Product Portfolio
13.6.4 Financial Insights
13.7 F. Hoffmann-La Roche AG
13.7.1 Overview
13.7.2 Recent Development
13.7.3 Product Portfolio
13.7.4 Financial Insights
13.8 Merck & Co. Inc.
13.8.1 Overview
13.8.2 Recent Development
13.8.3 Product Portfolio
13.8.4 Financial Insights
13.9 Novartis AG
13.9.1 Overview
13.9.2 Recent Development
13.9.3 Product Portfolio
13.9.4 Financial Insights
13.10 Ono Pharmaceutical Co. Ltd.
13.10.1 Overview
13.10.2 Recent Development
13.10.3 Product Portfolio
13.10.4 Financial Insights
13.11 Pfizer Inc.
13.11.1 Overview
13.11.2 Recent Development
13.11.3 Product Portfolio
13.11.4 Financial Insights
13.12 Teva Pharmaceutical Industries Limited
13.12.1 Overview
13.12.2 Recent Development
13.12.3 Product Portfolio
13.12.4 Financial Insights

Companies Mentioned

  • Abbvie Inc.
  • AstraZeneca PLC
  • Biogen Inc.
  • Eisai Co. Ltd.
  • Eli Lilly and Company
  • H. Lundbeck A/S
  • F. Hoffmann-La Roche AG
  • Merck & Co. Inc.
  • Novartis AG
  • Ono Pharmaceutical Co. Ltd.
  • Pfizer Inc.
  • Teva Pharmaceutical Industries Limited

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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