Dementia Management Market Advances, Anticipates US$ 75.56 Million by 2033

The global dementia management market is anticipated to grow from US$ 35 million in 2023 to US$ 75.56 million by 2033, with a CAGR of 8%. From 2018 to 2022, the market for dementia management grew at a compound annual growth rate (CAGR) of 5%.

The Dementia Management market constitutes a vital sector within the healthcare industry, dedicated to proficiently addressing the complexities of dementia. Within this market, a diverse array of products and services are provided, aimed at effectively managing and treating dementia. These offerings encompass pharmaceuticals tailored for symptom alleviation, assistive technology devices, in-home care provisions, and specialized memory care facilities.

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The increasing prevalence of dementia and efforts by researchers to find a cure and improve brain health are also fueling the market growth. The market players are optimistic about the demand for dementia care products, backed by the growing emphasis on their usage.

North America is anticipated to acquire a market share of about 40% in the forecast period. This growth is attributable to the rising prevalence of the condition in the region. Furthermore, government initiatives and increase in the number of research partnerships are boosting the market growth across North America. Europe is the second largest market for dementia care products, driven by its aging population and high disposable income. Asia Pacific is a growing market due to a shift towards point-of-care healthcare. The increasing number of hospitals in India and China presents a promising market opportunity globally.

Key Takeaways:

From 2018 to 2022, the Dementia Management market grew at a CAGR of 5%.
The global Dementia Management market is expected to grow with a 8% CAGR during 2023 to 2033.
As of 2033, the Dementia Management Market is expected to reach US$ 75.56 Million
According to the FMI analysis, Alzheimer accounts for the largest market share.
North America is expected to possess 40% market share for the Dementia Management market.
The Asia Pacific market is predicted to increase significantly throughout the forecast period, with a share of 25% during the forecast period.

“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Dementia Management.” says an FMI analyst

Market Competition

Key players in the Dementia Management Market are Pfizer, Inc., Novartis AG, and Eli Lilly and Company, as well as healthcare providers and technology companies such as Teva Pharmaceutical Industries Ltd., GE Healthcare, and BrainScope among other global players.

In April 2022, NovaMedica developed and registered an innovative combination of Donepezil and Memantine molecules, the primary therapies for dementia associated with Alzheimer’s disease. The drug is registered under the name MIOREOL. This is one of the combinations in the Russian market and the markets of the Eurasian Economic Union members and Europe.
In March 2022, Corium, Inc. received United States FDA approval for ADLARITY (donepezil transdermal system) as a treatment for patients with mild, moderate, or severe dementia of Alzheimer’s type.

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global Vascular Dementia Management market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights on the basis of Type, Therapy, Route of Administration, Distribution Channel, Drug class and Region

Key Segments:

Type: