Published Date: 2019-07-25 | Pages: Ongoing | Tables: Ongoing | Report ID: 7327
The global Lewy body dementia treatment market is expected to see considerable growth in future, taking into account the high prevalence of dementia and mental disorders. Healthcare professionals and scientists involved in the treatment of Lewy body dementia and related research activities are sharing their findings and expertise to effectively combat the disease. Players are prophesied to enter into tactical merger and acquisition deals with investment groups and regional companies to maintain their market growth. Increase in collaborative research practices observed in the pharmaceutical industry is foretold to create opportunities in the global market.
In June 2019, the 2019 International Lewy Body Dementia Conference joined by global and Lewy Body Dementia Association researchers featured American artist Susan Schneider Williams, who was previously married to Robin Williams. Speakers at the conference shared new tactics to deal with Lewy body dementia and discussed about a consortia that researchers from South America, North America, Asia, and Europe are building to pool resources for Lewy body dementia treatment, clinical trials, biomarker discovery, and longitudinal observational studies.
Government Initiatives to Increase Awareness about Dementia to Improve Demand
Rising need for effective treatment options for Lewy body dementia is anticipated to increase the demand in the global market. Growing focus on research and development activities to come up with more advanced Lewy body dementia treatments is expected to bode well for the global market. High number of Lewy body dementia cases, especially in developed countries, is raising strong demand for drugs with better results. Increased involvement of government authorities in spreading awareness about not only Lewy body dementia but also Alzheimer’s disease and Parkinson’s disease is foreseen to strengthen the growth of the global Lewy body dementia treatment market.
Players to Diversify Product Portfolios through Partnerships with Healthcare Institutions
According to researchers, BioArctic AB, Sanofi AG, Eisai Co., Ltd., Mylan NV, Sumitomo Dainippon Pharma Co., Ltd., Bayer AG, Jazz Pharmaceuticals, Inc., Pfizer Inc., Immungenetics AG, Novartis AG, Eli Lilly and Company, and Noven Pharmaceuticals, Inc. are key players of the global Lewy body dementia treatment market. Companies are foreseen to sign partnership agreements with clinics and primary care hospitals to help expand their business and diversify their drug and treatment portfolios.
In July 2019, Swedish biotechnology company BioArctic and its Japanese pharmaceutical partner Eisai presented new data on BAN2401, an experimental drug selectively targeting toxic, soluble aggregated amyloid beta forms. Amyloid beta is a chief component of amyloid plaques found in the brains of patients with Alzheimer’s disease.
● Difficulty in diagnosing Lewy body dementia and high incidence of the disease to raise strong demand for new treatments
● Manufacturers to enter into partnerships with hospitals and clinics
● Cholinesterase inhibitors to secure a remarkable share of the global Lewy body dementia treatment market
● North America to gain significant market share with high diagnosis of Lewy body dementia in the region
By Drug Type
● Cholinesterase Inhibitors
● Antipsychotic Drugs
● Dementia with Lewy Bodies
● Parkinson’s Disease
Among drug types, cholinesterase inhibitors are expected to gain a telling share of the global Lewy body dementia treatment market due to its fewer side effects. It could be trailed by antipsychotic drugs in terms of market share during the forecast period. The report also covers a couple of indication segments, viz. Parkinson’s disease and dementia with Lewy bodies.
Regionally, North America is forecast to take the lead in the global Lewy body dementia treatment market because of important growth driving factors such as availability of high-quality healthcare facilities, favorable reimbursement conditions for patients requiring expensive drugs, and implementation of relevant dementia drug regulations. With India and China having a large geriatric population, Asia Pacific is foretold to show faster growth in the global market. Improving accessibility to dementia treatments could also work in the favor of the Asia Pacific market.
Companies looking to stay ahead of the competition and sustain their revenue streams know the importance of price analysis. With a repository of heavy competitive and historical data related to the global Lewy body dementia treatment market, QYR Consulting equips players to improve their sales tactics through powerful pricing strategies. It thoroughly analyzes every pricing-related aspect of the global Lewy body dementia treatment market, right from production to delivery and including price changes, to present industry-best pricing analysis. It offers top-quality competitor pricing and product data to help players optimize their prices and add strength to their market growth.
NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.
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