15 Ingenious Ways You Can Do With the Rivastigmine Market.
Rivastigmine Market is an inhibitor of the cholinesterase enzymes butyrylcholinesterase and acetylcholinesterase. It's a cholinergic agent that helps with Alzheimer's and Parkinson's disease treatment. Because of its tiny molecular size, the medicine can be taken orally or applied as transdermal patches.
The growing elderly population is a primary driver of Rivastigmine Market expansion. According to the Alzheimer's Association, the chance of developing dementia doubles every five years beyond the age of 65. Furthermore, as the global incidence of cardiovascular disorders rises, so does the occurrence of Alzheimer's disease, driving up demand for rivastigmine. According to the National Center for Biotechnology Information, the global incidence of cardiovascular illnesses was roughly 22.5 per 1,000 people in 2013, implying a dementia risk. Dementia can also be exacerbated by diseases like diabetes and high blood pressure.
Geographically, the Rivastigmine Market is divided into North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. In 2017, North America held the greatest proportion of the global rivastigmine market. This is due to the region's rising prevalence of chronic renal illness, which can lead to dementia. Chronic kidney disease affected roughly 31 million people in 2015, according to the American Kidney Fund. In 2017, Europe accounted for the second biggest revenue share in the worldwide rivastigmine market, owing to the region's growing elderly population.
Dementia is more common among the elderly population. According to World Population Prospects (WPP), roughly 25% of Europe's population was 60 years old or older in 2017. According to the Alzheimer's Association, Latin America and Africa had a high prevalence of vascular illnesses in 2017. As a result, the worldwide rivastigmine market is predicted to increase significantly across Latin America and Africa throughout the forecast period.
Novartis Europharm Limited, Actavis Pharma, Apotex Corporation, Aurobindo Pharm Ltd, Teva Pharmaceuticals Industries Ltd, Dr. Reddy's Laboratories, Macleods, and others are among the major competitors in the global rivastigmine market. To increase their market share, key market players are concentrating on product development and approvals. Exelon (Rivastigmine tartarate), created by Novartis Europharm Limited, was licenced by the US FDA in 2007 for the treatment of Alzheimer's and Parkinson's disease.
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