(USA, NY, New York City) One of the main drivers of market expansion in this country is the growing geriatric population, which is at a higher risk of contracting the disease than the younger population. In addition, the market is predicted to rise due to an increase in the number of research projects linked to the diagnosis and therapy of Alzheimer’s disease. According to MRFR, the market is anticipated to accomplish an income of USD 12 billion by the end of the forecasted period while mounting at a CAGR of 10%.
The growing drug development for its cure and treatment, the prevalence of chronic diseases such as dementia, and technological developments in the manufacture of diagnostics and detection are the primary factors driving the Alzheimer’s disease Diagnostic Market. The government and other medical and academic institutions are investing heavily in Alzheimer’s disease diagnostics research and development.
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The renowned companies in the Alzheimer disease diagnostic market are TauRx (Republic of Singapore), Alector LLC, Accera, Inc., Treventis Corporation, Neuro-Bio Ltd, Eli Lilly and Company, Cognition Therapeutics Inc, Hoffmann-La Roche, Novartis AG, Merck & Co., Pfizer Inc., Allergan PLC, and Daiichi Sankyo Co.
The segmental assessment of the Alzheimer’s disease diagnostic market is carried out on the basis of type, end user, diagnostic test, and region. The end-users segment of the Alzheimer disease diagnostic market consists of government, research & development institutes, academic medical institutions, healthcare providers, and healthcare consumers. The diagnostic test segment of the Alzheimer’s disease diagnostic market consists of the neurological exam, mini-mental state exam (MMSE), genetic testing, and brain imaging. The type segment of the Alzheimer disease diagnostic market consists of Late-onset Alzheimer’s, Early-onset Alzheimer’s, and Familial Alzheimer’s disease. The region segment of the Alzheimer disease diagnostic market consists of the Asia Pacific, the Americas, Europe, Africa, and the Middle East.
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The regional scrutiny of the Alzheimer disease diagnostic market consists of the Asia Pacific, the Americas, Europe, Africa, and the Middle East. Due to the general increase in the geriatric and older population, which is at high risk of developing this condition, the American region will continue to have a stronghold. Europe retains the second-largest market because of several technological advancements and a considerable investment in Alzheimer’s disease research and development projects. The region’s market growth is fueled by a large patient population and increased government assistance for R&D. Throughout the anticipated period, Asia-Pacific is expected to grow at a rapid pace as developing countries provide a prospective market for this market in the forecast period.
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