Market Research Future published new report, titled “Alzheimer’s disease Diagnostic Market – Research Report: World Forecast to 2022”.
Acknowledging its growing popularity and the market growth, Market Research Future, recently published a study report – The Global Alzheimer’s Disease Diagnostic Market. Which indicates that the Market is booming and estimated to gain further prominence over the forecast period. Further MRFR asserts that the Market will demonstrate a massive growth by 2022, phenomenally superseding its previous growth records in terms of value with a whooping CAGR during the anticipated period. The global Alzheimer’s Disease Diagnostic market forecasted to witness a thriving growth reaching up to USD 12 Billion by 2022, surpassing its previous growth records in terms of value with a striking 10% of CAGR during the anticipated period (2016 – 2022).
Alzheimer’s Disease Diagnostic Global Market – Key Players:
Some of the key players in this market are: Eli Lilly and Company (UK), TauRx (Republic of Singapore), Alector LLC (US), Accera, Inc. (US), Treventis Corporation (US), other prominent vendors in the market include Neuro-Bio Ltd (UK), Cognition Therapeutics Inc. (US) and others.
Alzheimer’s Disease Diagnostic World Market – Overview:
Having trouble with memory does not mean you have Alzheimer’s. Many health issues can cause problems with memory and thinking. When dementia-like symptoms are caused by treatable conditions such as depression, drug interactions, thyroid problems, excess use of alcohol or certain vitamin deficiencies they may be reversed.
Alzheimer’s is a type of dementia which results in memory loss accompanied by problem in thinking and behavior process. Alzheimer’s is a progressive disease as it gradually increases with time and damages maximum part of the brain finally destroying brain cells. Alzheimer’s is a progressive disease as it gradually increases with time and damages maximum part of the brain finally destroying brain cells. It has been observed that maximum incidence of this disease is in UK where more than 520,000 people are diagnosed with Alzheimer’s disease and the increasing ageing population is the reason which is driving Alzheimer’s disease diagnostic and therapeutic market. According to the Alzheimer’s association, more than 5 Million are living with Alzheimer’s and one out of three seniors dies with the Alzheimer’s or any another type of dementia.
While physicians can almost always determine if a person has dementia, it may be difficult to determine the exact cause. Diagnosing Alzheimer’s requires careful medical evaluation, including Tests such as blood tests and brain imaging to rule out other causes of dementia-like symptoms.
According to a recent study report published by the Market Research Future, Globally, the market for Alzheimer’s disease Diagnostic has increased in recent years. The market is expected to grow at a rapid pace during the forecast period (2016 – 2022).
The increasing ageing population is the reason which is driving Alzheimer’s disease diagnostic and therapeutic market, States the scholar of Market Research Future, who has contributed to the strategic generation of this study report. World Alzheimer’s disease Diagnostic Market has been evaluated as a growing market and it is expected that the market will touch high growth figures in future. Factors such rising efforts on research and development by the players to treat Alzheimer’s disease and the introduction of the blockbuster drugs into the market to cure the disease will drive the growth of the market.
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Alzheimer’s Disease Diagnostic Global Market – Segments:
The Alzheimer’s disease Diagnostic Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises early-onset Alzheimer’s disease, late-onset Alzheimer’s disease, familial Alzheimer’s disease and more.
Segmentation by Diagnostic tests: Comprises genetic testing, neurological exam, mini-mental state exam (MMSE), brain imaging, and others.
Segmentation by End Users: Comprises clinics, hospitals, diagnostic centers, and others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Alzheimer’s Disease Diagnostic World Market –Synopsis:
There are different types of tests to diagnose the symptoms of the Alzheimer’s which includes Mini Mental State Exam (MMSE) this tests will help to know whether there are problems with the areas of brain involved in learning, memory, thinking, or planning skills. Other one is brain imaging which includes CT scan, Magnetic Resonance Imaging (MRI); Neuropsychological Testing and genetic tests which provide information regarding the incorrect linking of the genes which causes Alzheimer’s among others.
Scientists are exploring ways to help physicians diagnose Alzheimer’s disease earlier and more accurately. The ultimate goal is a reliable, valid, and inexpensive diagnostic test that can be used in any doctor’s office.
Some studies focus on changes in personality and mental functioning, measured through memory and recall tests, which might point to early Alzheimer’s or predict whether individuals are at higher risk of developing the disease. Other studies are examining the relationship between early damage to brain tissue and outward clinical signs.
Another very promising area of diagnostic research is the analysis of biomarkers—biological signs of disease found in brain images, cerebrospinal fluid, and blood—to detect early changes in the brains of people with MCI and in cognitively normal people who may be at greater risk for Alzheimer’s disease. Studies indicate that such early detection may be possible, but more research is needed before these techniques can be relied upon to diagnose Alzheimer’s disease in everyday medical practice.
Alzheimer’s Disease Diagnostic World Market – Regional Analysis:
It has been observed that maximum incidence of this disease is in UK where more than 520,000 people are diagnosed with Alzheimer’s disease
Globally North America is the largest market for Alzheimer’s disease Diagnostic. The North American market for Alzheimer’s disease diagnostic is expected to reach USD 12 Million by the end of the forecasted period.
Europe is the second-largest market for Alzheimer’s disease diagnostic. Asia Pacific is expected to be fastest growing region of the Alzheimer’s disease diagnostic market.
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