Global Alzheimers Disease Diagnostics and Therapeutics

New York, United States, Oct. 24, 2022 (GLOBE NEWSWIRE) — According to a research report published by Spherical Insights & Consulting, the Global Alzheimers Disease Diagnostics and Therapeutics Market Size will be USD 5,933.5 million in 2021 to USD 21704.4 million by 2030, at a CAGR of 5.5% during the forecast period. The increasing use of biomarkers in Alzheimer’s diagnosis and the development of new drugs are the primary factors driving the expansion of the Alzheimer’s disease diagnostics and therapeutics market. Another important factor is the rising incidence of Alzheimer’s disease worldwide.

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The cholinesterase inhibitors segment to account for the largest market size during the forecast period

Based on therapeutics type, the Alzheimer’s disease diagnostics and therapeutics market is categorized into cholinesterase inhibitors, NMDA receptor antagonists, and other therapeutics. In 2021, cholinesterase inhibitors dominated the market with the largest market share of 65% and revenue of 3856.7 million. Cholinesterase inhibitors, also known as acetylcholinesterase inhibitors, are a type of medicine that prevents the natural breakdown of acetylcholine, which is a neurotransmitter. Cholinesterase inhibitors are also known as acetylcholinesterase inhibitors. Cholinesterase inhibitors are the most effective treatments for Alzheimer’s disease that are currently on the market. As a result, it is anticipated that the sector will expand throughout the projection period because several pharmaceutical firms are working on the development of Alzheimer’s therapies that are based on cholinesterase inhibitors.

North America is Expected to be the largest Market.

The market for Alzheimer’s disease diagnostics and therapeutics in the North American region has been expanding owing to the increasing rising R&D activities by several small and medium enterprises to develop medical…