Dementia Treatment Market – Industry Analysis and Forecast 2027
January 22, 2021 ⚊ 5 Min read ⚊ Views 358 ⚊ BUSINESS
Dementia Treatment Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a XX% CAGR of around XX% during a forecast period.
Dementia Treatment Market
Dementia covers a wide range of diseases and condition characterized by decline in memory, language, also comprising Alzheimer’s disease, which is most common cause of dementia. Disorders clustered below the common term “dementia” are affected by abnormal brain conditions. Dementia is a condition characterized by a deterioration in memory, language, problem-solving and other thinking skills that affect a person’s capability to accomplish everyday activities. Alzheimer’s is the most common cause of dementia.
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
The scope of the report includes a detailed study of global and regional markets for Dementia Treatment with the reasons given for variants in the growth of the industry in certain regions.
Increase in R&D expenditure, raised frequency of Alzheimer’s across the globe, surged geriatric population, upsurge in awareness about neurodegenerative diseases in emerging countries, and rich pipeline of new treatment alternatives are projected to lift the dementia treatment market throughout the forecast period. Additionally, rising research and development activities in disease transforming drugs and increase in investment by key players in clinical studies of innovative treatment options are anticipated to drive the dementia treatment market during forecast period. Nevertheless, the increased cost of innovative treatments and severe adverse effects concomitant with certain treatments are anticipated to hamper the dementia treatment market.
The report on dementia treatment market covers segments such as Drug Class, Distribution Channel and Region. The Drug Class segment includes Cholinergic/ Cholinesterase (ChE) Inhibitors, Memantine, Combined Drug and Others. Among the Drug Class, Cholinergic/ Cholinesterase (ChE) Inhibitors is accounted for the largest XX% market share in the dementia treatment market. The Distribution Channel segment is further sub-segmented into Hospital Pharmacies, Retail Pharmacies, and Online Sales. Among the Distribution Channel, Hospital Pharmacies is accounted for the largest XX% market share in the Dementia Treatment Market.
Based on regional segment, the global Dementia Treatment Market is sub-segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America leads the dementia treatment market due to high awareness concerning Alzheimer’s disease in the U.S. and increased frequency of Alzheimer’s disease in the region. As per the World Alzheimer’s Report, Alzheimer’s is the sixth-leading reason of death in the U.S. and presently, more than X Mn Americans are reported Alzheimer’s. Increasing prevalence of Alzheimer’s in elderly age group and demand for innovative therapies and disease transforming drugs is a key factor driving the market in North America. European market demonstrated similar pattern and followed North America dementia treatment market. The market in Asia Pacific is estimated to enlarge at a considerably high CAGR throughout the forecast period, due to developing health care infrastructure and increasing awareness concerning Alzheimer’s in countries like China and India.
Key players operating in the Dementia Treatment Market are Merz Pharma GmbH & Co. KGaA., Novartis AG, Allergan plc. Pfizer, Inc., Daiichi Sankyo Company, Ltd., Ono Pharmaceutical Co., Ltd, Johnson & Johnson Services, Inc., Eisai Co., Ltd., H. Lundbeck A/S, and F. Hoffmann-La Roche Ltd. The companies functioning in the market are concentrating on R&D investments and fund raining activities to drive clinical trials that lead to robust product pipeline. As detection rate and market perception withstand to expand, there are anticipations for market growth during forecast period. Furthermore, innovative product sanctions in the market will further drive the market growth.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Dementia Treatment Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by Product, price, financial position, Product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment shortly to the emerging segment in the Dementia Treatment Market.
Scope of the Dementia Treatment Market
Dementia Treatment Market, By Drug Class
• Cholinergic/ Cholinesterase (ChE) Inhibitors
• Memantine
• Combined Drug
• Others
Dementia Treatment Market, By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Sales
Dementia Treatment Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Dementia Treatment Market
• Pfizer, Inc.
• Merz Pharma GmbH & Co. KGaA.
• Novartis AG
• Allergan plc.
• Daiichi Sankyo Company, Ltd.
• Ono Pharmaceutical Co., Ltd.
• Johnson & Johnson Services, Inc.
• Eisai Co., Ltd.
• H. Lundbeck A/S
• F. Hoffmann-La Roche Ltd.
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