Dementia Drugs Market Size, Share, Growth, Trends & Forecast 2023-2028

IMARC Group, a leading market research company, has recently released a report titled "Dementia Drugs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The study provides a detailed analysis of the industry, including the dementia drugs market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Dementia Drugs Market?

The global dementia drugs market size reached US$ 16.95 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.7 Billion by 2028, exhibiting a growth rate (CAGR) of 8.12% during 2023-2028.

What are Dementia Drugs?

Dementia is a medical condition characterized by the loss of cognitive functioning and behavioral abilities, leading to difficulties in daily life and activities. It affects various aspects of a person's cognitive abilities, including memory, problem-solving, language skills, and focus. Common signs and symptoms of dementia include poor judgment, confusion, difficulties in speaking and understanding, getting lost in familiar places, loss of interest in activities, hallucinations, and problems with balance. Currently, drug treatments are used to manage the symptoms and mitigate side effects of dementia.

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What are the growth prospects and trends in the dementia drugs industry?

The dementia drugs market is primarily driven by the expanding geriatric population. Government bodies are also playing a crucial role by implementing favorable policies and awareness programs to educate the public about disease prevention and treatment, which further contributes to market growth. The widespread adoption of dementia drugs and non-drug therapies to reduce symptoms and alleviate side effects of various types of dementia, improving the quality of life for patients, is another significant growth factor. Furthermore, continuous advancements in drug discovery techniques and the development of new and innovative technologies are positively impacting the global market. The increasing demand for personalized medicine and growing healthcare expenditure capacity are expected to further propel the dementia drugs market in the forecasted period.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Indication Insights:

Lewy Body Dementia
Parkinson's Disease Dementia
Alzheimer's Disease
Vascular Dementia
Others

Drug Class Insights:

Cholinesterase Inhibitors
NMDA Antagonists and its Combination Drugs

Distribution Channel Insights:

Retail Pharmacies
Hospital Pharmacies
Online Pharmacies

Market Breakup by Region:

North America (United States, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Abbvie Inc.
Apotex Inc.
Biogen Inc.
Eisai Co. Ltd.
Johnson & Johnson
Merck & Co. Inc.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.