The Lewy body dementia therapeutics market comprises products and therapies intended for the treatment of Lewy body dementia (LBD), a degenerative condition that causes problems with thinking, movement, behavior, and mood. LBD symptoms arise due to the abnormal accumulation of alpha-synuclein protein deposits, known as Lewy bodies, in the brain. Current treatments focus on managing symptoms through acetylcholinesterase inhibitors, dopamine agonists, antidepressants, and antipsychotics.
The Global Lewy Body Dementia Therapeutics Market is estimated to be valued at USD 1.25 Bn in 2024 and is expected to reach USD 2.01 Bn by 2031, growing at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Key Takeaways
Key players operating in the Lewy body dementia therapeutics market are EIP Pharma Inc.,Cognition Therapeutics,Eisai Inc.,Eli Lilly and Company,Athira Pharma. Key players are focusing on developing novel treatment options such as disease modifying therapies that can slow or stop the progression of Lewy body dementia.
The growing geriatric population globally that is more susceptible to neurodegenerative conditions like LBD is fueling the demand for effective treatment options. According to the World Health Organization, the number of people aged 65 years and older is projected to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050.
Major pharmaceutical companies are expanding their footprint in international markets like Asia Pacific, Europe, South America to tap the business opportunities. Increasing awareness activities by governments and non-profit organizations are also helping bring LBD into the limelight, aiding early diagnosis and treatment seeking.
Market key trends
Rising R&D investments focused on developing disease modifying therapies for LBD is a key trend. Companies are conducting clinical trials for therapies targeting the pathological processes underlying LBD such as amyloid and tau proteins. Effiacy Therapeutics and Anthropic have recently received funding to advance AI-based approaches for LBD drug discovery. If successful, these novel therapeutic strategies can significantly alter the course of the disease.
Porter’s Analysis
Threat of new entrants: Low costs associated with entering the Lewy Body Dementia market.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of standard treatment options.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of alternative treatment options.
Threat of new substitutes: Low threat of substitutes due to lack of disease-modifying therapies.
Competitive rivalry: High as market players compete for market share through intensive R&D and collaborations.
Geographical Regions
North America accounts for the major share of the global Lewy Body Dementia market in terms value owing to high awareness levels and developed healthcare infrastructure.
The Asia Pacific region is expected to grow at the fastest CAGR over the forecast period due to rapid economic growth, rising geriatric population, and improving healthcare facilities.
What Are The Key Data Covered In This Lewy body dementia therapeuticsMarket Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Lewy body dementia therapeuticsgrowth between 2024 and 2031.
:- Accurate calculation of the size of the Lewy body dementia therapeuticsand its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Lewy body dementia therapeuticsIndustry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Lewy body dementia therapeuticsvendors
FAQ’s
Q.1 What are the main factors influencing the Lewy body dementia therapeutics?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Lewy body dementia therapeutics companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Lewy body dementia therapeutics distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it