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Europe Alzheimer's Disease Therapeutics And Diagnostics Market Forecast 2021-2028

KEY FINDINGS
The Europe Alzheimer's disease therapeutics and diagnostics market is estimated to record a CAGR of 5.59% during the forecast period, 2021-2028. The surging population is the main driver of market growth in the European region.

MARKET INSIGHTS
France, Poland, Russia, the United Kingdom, Italy, Belgium, Germany, and the rest of Europe, are assessed for the Europe Alzheimer's disease therapeutics and diagnostics market growth evaluation. In France, as of 2018, the number of dementia cases stood at 1,227,558, which is projected to double by 2050. Also, the aged population is set to witness an increase of 24.1% by 2030. In 2001, France was the first country in Europe to develop a national dementia strategy, which was further updated in 2004 and 2008. The country also created a network of 'memory centers,' highly specialized in diagnosing neurodegenerative disorders. There are currently more than 400 memory centers/consultation sites across the nation. Such factors are set to drive market growth.
In Germany, as per the German Federal Statistical Office 2020, there are almost 83 million people, of which 16.2 million are aged above 67, which is further projected to reach 21.4 million in 2040. The proximity of the aged population to neurological disorders, like dementia and Alzheimer's disease, is among the market growth drivers in the country. Moreover, regions like Saarland, Bavaria, Schleswig-Holstein, and Rhineland-Palatinate, are developing regional dementia plans that cover areas like improving awareness and early diagnosis. There is also an increasing focus on funding large research institutions by the federal government. In 2019, the Julich Research Center witnessed successful results in the first phase of human clinical testing of a new Alzheimer's drug. Such factors are projected to propel market growth in Germany.

COMPETITIVE INSIGHTS
Some of the key players in the market include, Pfizer Inc, Novartis AG, Merck & Co Inc, F. Hoffmann-La Roche, Lupin Limited, etc.

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Europe Alzheimer's Disease Therapeutics And Diagnostics Market Forecast 2021-2028
Published By :Inkwood Research
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