The global market for Alzheimer’s drugs is poised for significant growth, projected to reach $9.2 billion by 2030, reflecting a robust 9.9% compound annual growth rate (CAGR) from its 2024 value of $5.2 billion. This expansion is primarily driven by the increasing prevalence of Alzheimer’s disease, a consequence of the aging global population and extended life expectancies, particularly in developed nations. Innovations in drug development, including medications targeting the disease’s root causes and heightened awareness and earlier diagnoses, further contribute to market growth. Increased financial support for Alzheimer’s research from governmental and healthcare organizations, leading to accelerated drug development and regulatory approvals, also plays a crucial role.

Despite this positive trajectory, several factors impede market expansion. These include the high cost and complexity of drug development, frequent clinical trial failures, expiring patents, limited disease awareness in underdeveloped countries, and the high cost of treatments, which restricts patient access and market potential.

Regional analysis reveals North America as the current market leader, holding an estimated 38.9% share in 2024. This dominance stems from a high prevalence of Alzheimer’s, recent drug approvals, and sophisticated healthcare systems. The presence of major pharmaceutical companies conducting research and clinical trials, combined with an aging population, further solidifies North America’s leading position. However, the Asia Pacific region is anticipated to experience the fastest growth, projected at a CAGR of 11.5% between 2024 and 2030. This accelerated growth is attributed to the rising prevalence of Alzheimer’s, increasing awareness, and a focus on unmet medical needs, particularly in densely populated nations like China and India. Less stringent regulations in Asia Pacific make it an attractive hub for clinical trials and drug development.

Analyzing the market by drug class reveals cholinesterase inhibitors currently dominate, holding an estimated 42.3% share in 2024. Their effectiveness in treating mild-to-moderate Alzheimer’s by increasing acetylcholine levels, coupled with oral administration and proven efficacy, makes them a primary treatment option. However, other drug classes, including monoclonal antibodies, anti-amyloid beta, and pipeline drugs, are expected to experience the fastest CAGR of 11.9% from 2024-2030. This growth is driven by increasing regulatory approvals and the introduction of disease-modifying therapies targeting the underlying pathology of Alzheimer’s.

Regarding administration routes, oral drugs currently lead with an estimated 57% market share in 2024 due to their ease of use and non-invasive nature, which improves patient compliance. However, injectables, including monoclonal antibodies like Aducanumab and Leqembi, are projected to be the fastest-growing segment, with a CAGR of 11.7% from 2024 to 2030. These drugs offer potential disease-modifying effects for advanced stages of Alzheimer’s.

In terms of distribution channels, hospital pharmacies currently hold the largest market share at 47.7% in 2024. This is attributed to their role in procuring prescription drugs and their integration within comprehensive care models. Hospital pharmacies coordinate multidisciplinary approaches, encompassing pharmaceutical interventions, counseling, and community support. However, online pharmacies are anticipated to experience significant growth, with a CAGR of 12.7% between 2024 and 2030, driven by the increasing number of patients, the convenience of online purchasing, and growing internet usage and digital service adoption.

Source link: http://www.businesswire.com/news/home/20241105720276/en/Alzheimers-Drugs-Global-Market-Overview-2024—9.9-CAGR-Forecast-During-2024-2030-with-Market-Set-to-Reach-a-Projected-US9.2-Billion-by-2030—ResearchAndMarkets.com

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Jon Napitupulu is Director of Media Relations at The Clinical Trial Vanguard. Ferry, a computer data scientist, focuses on the latest clinical trial industry news and trends.