Dementia Treatment Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028

The global dementia drugs market accounted for US$ 12.8 billion in 2020 and is expected to reach US$ 23.9 billion by 2028; growing at a CAGR of 7.9% from 2021 – 2028. Dementia is a term used to exaggerate different kinds of mental disabilities which influences the life of the patient socially, physically and mentally. A single or particular disease cannot be termed as Dementia; it depicts a group of mental disorders which influences the thinking abilities, problem solving skills, decision making abilities, communication skills and behavior. Dementia hits human body when the brain gets damaged. Key reasons that cause Dementia in an individual are – injuries in the brain, unprovoked sudden strokes, shock and loss of nerve cells. Dementia is incurable and hence it is a lifelong procedure but, early diagnosis and high-level treatment can prevent the condition from worsening and the patient might live a normal life. High prevalence in the number of dementia infected individuals, rise in the awareness owing to several governmental & non-governmental organizations, availability of modern-day diagnostic techniques, advanced therapies and proper treatment are the foremost reasons which drives the global Dementia treatment market. However, the high costs of diagnosis, treatment, medicines and therapies has remarkably affected the global market. Also, the side effects caused during the diagnosis or therapies hinders the global Dementia market.

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The global Dementia treatment market is segmented on the basis of Drug Class, by Distribution Channel and by region. The Drug Class segment is further sub-segmented into cholinesterase inhibitors, memantine and combination drugs (memantine and donepezil). Based on Distribution the market is segmented into hospital pharmacies, retail, and online sales.
Dementia treatment market outlook – North America is leading the global Dementia treatment market.
Geographically, the global Dementia treatment market is bifurcated into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA).
Several companies are investing and trying hard to improvise the current-day diagnostic & treatment techniques. For example, Eisai Co. Ltd. in collaboration with DeNA co-developed and started the brain performance application “Easiit App”, which instructs & prepares you for Dementia.
Prominent players in the global Dementia market:
Eisai Co., DeNA, Allergan, Merz Pharma, GmbH & Co. KGaA., Johnson & Johnson Services, Daiichi Sankyo Company, Novartis AG, H. Lundbeck A/S, F. Hoffmann-La Roche Ltd and Ono Pharmaceutical Co. are the leading players of the global Dementia Market.

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