Alzheimer’s Disease Diagnostic Market Size, Trends and Insights by Type (Early-onset Alzheimer’s, Late-onset Alzheimer’s, Familial Alzheimer’s disease), Diagnostic test (Genetic testing, Neurological exam, Mini-mental state exam (MMSE), Brain imaging), End Users (Clinics, Hospitals, Diagnostic Centers ) – Forecast Till 2030
Market Research Future Insights
Alzheimers Disease Diagnostic Market is expected to reach USD 7,100 Million by 2030 at 8.90% CAGR during the forecast period 2022-2030. The Alzheimer’s disease diagnostic market refers to the healthcare industry segment that is focused on the development, manufacturing, and marketing of diagnostic tests, devices, and procedures used to diagnose Alzheimer’s disease, a neurodegenerative disorder that affects cognitive function and memory in elderly people. This market includes a range of diagnostic tools, including imaging tests such as PET and MRI scans, blood tests, and cognitive assessments, among others. The market is driven by the increasing prevalence of Alzheimer’s disease and the growing demand for accurate and early diagnosis of the disease.
The COVID-19 pandemic had a significant impact on the Alzheimer’s disease diagnostic market. The pandemic has disrupted global supply chains, which has resulted in delays in the production and delivery of diagnostic tests and equipment for Alzheimer’s disease.
The pandemic has led to a decrease in patient visits to healthcare facilities for routine check-ups and screenings, including cognitive assessments for Alzheimer’s disease. This has resulted in a decrease in the demand for Alzheimer’s disease diagnostic tests.
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Key Players
Some of the key market players are:
Eli Lilly and Company (UK)
TauRx (Republic of Singapore)
Alector LLC (US)
Accera (US)
Treventis Corporation (US)
Neuro-Bio Ltd (UK)
Cognition Therapeutics Inc. (US)
Market Segmentation
The Alzheimer’s disease diagnostic Market has been segmented into type, diagnostic test and end-user.
Based on the type, the market has been segmented into early-onset alzheimer’s, late-onset alzheimer’s and familial alzheimer’s disease.
Based on the diagnostic test, the market has been segmented into genetic testing, neurological exam, mini-mental state exam and brain imaging.
Based on the end-user, the market has been segmented clinics, hospitals and diagnostic centers.
Regional Analysis
North America is currently the largest region of the Alzheimer’s disease diagnostic market, accounting for the highest market share. The region’s dominance in the market is primarily due to the high prevalence of Alzheimer’s disease in the United States and Canada, and the presence of well-established healthcare infrastructure, advanced medical facilities, and high healthcare spending.
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The Asia Pacific region is expected to exhibit the fastest growth in the market, primarily due to the rising geriatric population, increasing awareness about Alzheimer’s disease, and growing demand for early diagnosis and treatment options.
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