Press release
Dementia Care Products Market share forecast to witness considerable growth from 2019 to 2026 | Parentgiving, Inc., EasierLiving etc.
Dementia Care Products Market Snapshot:The global dementia care products market was valued around USD 15.8 million in 2017 and is expected to register CAGR of 6.6% in the forecast period.
Dementia is a disease caused by damage of brain or a series of strokes. Increasing prevalence of Alzheimer’s diseases across the globe is propelling the growth of dementia care market. Furthermore, increasing cases of depression, delirium, side effects from medications, thyroid problems, certain, vitamin deficiencies and excessive use of alcohol are caused dementia diseases. As per WHO estimates, people with dementia is projected to reach 82 million in 2030 and 152 million in 2050. In addition, there are around 10 million new cases every year of dementia. Moreover, changing lifestyle, change in eating habits are propelling growth of the market. major players are focusing on product portfolio expansion through merger and acquisition. For instance, in 2016, Teva Pharmaceutical Industries Ltd. acquired Actavis Generics for Alzheimer’s portfolio of Actavis Generics.
North America is expected to hold the significant market share of the dementia care. This is attributed to increasing work pressure and stress leading to increasing prevalence of dementia. Apart from rising neurological diseases such as epilepsy, Parkinson’s disease and stroke are supporting the growth of the dementia care market. For instance, according to Alzheimer's Association, in 2018, approximately 16.1 million Americans were suffering from Alzheimer’s or other dementias.
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The Major Prominent Players Covered in this Report:
Parentgiving, Inc., EasierLiving, LLC, Find memory care, Healthcare products LLC., Best Alzheimer's Products, NRS Healthcare, and Buddi Ltd. & More.
By Product Type, Memory Exercise & Activity Products, Daily Reminder Products, Bathroom Safety Products, Dining Aids, Communication Products, Personal Safety Products, Others
By End User, Home Care Settings, Long Term Care Centers
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Dementia Care Products in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Dementia Care Products market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Dementia Care Products and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Dementia Care Products. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
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Key Questions Answered in The Report:
What will the Dementia Care Products market growth rate?
What are the key factors driving the global Dementia Care Products market?
Who are the key manufacturers in the Dementia Care Products market space?
What are the market opportunities, market risk, and market overview of the Dementia Care Products market?
What are sales, revenue, and price analysis of top manufacturers of the Dementia Care Products market?
Who are the distributors, traders, and dealers of the Dementia Care Products market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Dementia Care Products Industry?
What are sales, revenue, and price analysis by regions of Dementia Care Products industry?
What are the driving factors contributing to market growth during the short, medium, and long term?
Why buy this report right now?
• Definitive Market Data
• Dementia care market Analysis
• Competitive Analysis
• Recent Opportunities in the Market
• 6-7 year performance forecasts major segments product type, and end-user.
• Market Share Analysis
• Potential Venture Avenues
Key Dementia Care Products Market Trends:
- The report identifies, determines, and forecasts the Global Dementia Care Products Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Dementia Care Products Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Dementia Care Products Market.
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