Alzheimer’s Disease Treatment Market to Exceed $13 Billion by 2023, says Report

The global market for Alzheimer’s Disease (AD) treatment will more than double in value from $4.9 billion in 2013 to reach an estimated $13.3 billion by 2023, according to research and consulting firm GlobalData.   The company’s latest PharmaPoint report states that the increase - occuring across nine major markets (9MM): the US, France, Germany, Italy, Spain, the UK, Japan, China, and India - will be driven by the launch of 15 new therapies, including several drug candidates that have the potential to modify the underlying cause of AD.   GlobalData's Kyle S. Nicholson, PharmD, explained: “Following the anticipated approval and launch of first-in-class BACE1 inhibitors and passive immunotherapies in 2018 and 2019, respectively, the AD treatment market will undergo rapid expansion, as several blockbuster drugs are expected to come from these two potentially disease-modifying therapeutic classes."   He added: "The experimental monoclonal antibodies (mAbs), Biogen’s aducanumab, Eli Lilly’s solanezumab and Roche’s gantenerumab and crenezumab, will compete with the BACE1 inhibitors, Merck’s MK-8931 and AstraZeneca/Eli Lilly’s AZD-3293, as both treatment approaches are designed to prevent the formation of senile amyloid plaques.”   The report anticipates however that combined sales od Namenda, Aricept and Exelon, the current AD drug market leaders with cumulative sales of $4.3 billion in 2013, will fall annually from 2015, with Namenda and Aricept having now lost patent exclusivity.   For more information, click here.