Dallas, TX -- (ReleaseWire) -- 06/30/2014 -- The incidence rates for Alzheimer's disease are increasing, and the global Alzheimer's population is expected to double by 2030. Currently, it is estimated that 5 million Americans suffering from Alzheimer's disease are aged 65 years or above. This number might reach 13.8 million by 2050 as the baby boom generation ages. In the US, Alzheimer's disease is the fifth highest cause factor for deaths among people aged 65 years and above. It has been recognized as the only factor among the top 10 death-causing factors in America for which therapy is not available, preventing or slowing down the progression of disease. The number of deaths resulting from Alzheimer's disease increased by 68 percent during the period of 2000-2010 and this number is expected to increase further during the next decade. In the US, it is estimated that about 7,00,000 people aged 65 years or above will die from Alzheimer's disease in 2014. The incidence rate of Alzheimer's disease is increasing rapidly owing to a rise in the elderly population. In the US, the 2014 incidence rate of Alzheimer's disease for people aged 65 years or above is expected to reach 4,69,000 and this number is expected to double by 2050.
According to the report, the Global Alzheimer's Drugs market is driven by several factors, of which the increase in the global aging population is one of the major drivers. The incidence of Alzheimer's disease is growing continuously, mainly because of an increase in the aging population, especially those aged 65 years or above. It is estimated about 596.8 million people will reach 65 years and above in 2014, and this number is expected to reach 681.2 million by 2018.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Alzheimer's Disease Drugs market for the period 2014-2018. To calculate the market size, the report considers revenue generated through the sales of various drugs administered to treat dementia associated with Alzheimer's disease.
The report also presents the vendor landscape and a corresponding detailed analysis of the top vendors in the Global Alzheimer's Disease Drugs market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Global Alzheimer's Disease Drugs Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Alzheimer's Disease Drugs market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key Market Driver
- Increasing Aging Population
Key Market Challenge
- Poor Diagnosis of Alzheimer's Disease
Key Market Trend
- Increasing Incidence, Prevalence, and Mortality of Alzheimer's Disease
The report recognizes the following companies as the key players in Global Alzheimer's Drugs Market: Eisai Co., Ltd., Forest Laboratories Inc., Janssen Pharmaceuticals Inc., Novartis AG, Adamas Pharmaceuticals Inc., Archer Pharmaceuticals Inc., Eli Lilly and Co., F. Hoffmann-La Roche Ltd., FORUM Pharmaceuticals Inc., H. Lundbeck A/S, Merck & Co., Inc., MorphoSys AG, Otsuka Pharmaceutical Development & Commercialization Inc./ Otsuka America Pharmaceutical, Inc., Takeda Pharmaceutical Co., Ltd., TauRx Pharmaceuticals Ltd., Zinfandel Pharmaceuticals Inc.
Further, the report states that one of the main challenges is the poor rate of Alzheimer's disease diagnosis. In developed economies, merely 20-50 percent of dementia cases are diagnosed while in developing economies such as India nearly 90 percent cases remain undiagnosed. The lack of diagnosis hampers the effective management of this disease.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?