The memantine market overview involves neuroprotective properties of memantine for treatment of moderate to severe forms of Alzheimer's disease. Memantine is an NMDA receptor antagonist approved as an add-on therapy to cholinesterase inhibitors for patients with moderate to severe Alzheimer's disease. It regulates glutamate activity to inhibit neurotoxicity and protect neurons from degeneration.

The global memantine market is estimated to be valued at US$ 921.6 Mn In 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating In the memantine market are Aggregate Industries Ltd., Anglo American Plc, Atlas Roofing Corporation, BP Plc, Cemex, Chevron Corporation, Exxon Mobil Corporation, Imperial Oil Limited, Owens Corning, Petroleos de Venezuela S.A, Royal Dutch Shell plc, Shell International, Total SA, United Refining Inc. Growing demand Is attributed to Increasing geriatric population suffering from Alzheimer's disease globally. The market Is also witnessing expansion In emerging nations of Asia Pacific and Latin America owing to rising Healthcare spending.

Market drivers
The key driver propelling the memantine market growth Is the rising prevalence of Alzheimer's disease worldwide. As per WHO stats, over 55 million people were living with dementia In 2020 with nearly 10 million new cases every year. Alzheimer's Is the most common type of dementia accounting for 60-80% of cases. Other factors driving the market Include growing awareness levels regarding optimal Alzheimer's treatment, approval and launch of generic versions, and ongoing clinical trials evaluating memantine for other Central nervous system disorders.

Current Geopolitical Impact on Memantine Market Growth

The Memantine Market Size is facing several challenges due to the evolving geopolitical dynamics across key regions. The rising geopolitical tensions between major economies like US, China and Russia have disrupted global supply chains and trading routes. This has significantly impacted the procurement of raw materials andAPI/intermediates required for memantine production. Additionally, economic sanctions and protectionist policies enforced by some nations have restricted international trade and investments in this sector. The volatility in crude oil prices and currency fluctuations induced by ongoing geopolitical conflicts are also adding to the input cost burden of memantine manufacturers.

To sustain long term growth, memantine market players need to diversify their supplier networks and invest in alternative material sources. Adopting a multi-local or regional manufacturing approach can help mitigate supply risks. Companies must also focus on innovation and product differentiation to counter pricing pressures. Partnering with local players indifferent markets can boost distribution and market access. Overall, stabilizing international relations and reducing trade barriers will be crucial for the memantine industry to realize its forecast potential over the coming decade.

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