Exploring Dementia Drugs Market 2023 : Projected to Grow at a CAGR of 8.5%, Report
The dementia drugs market size was valued at $8.7 billion in 2021, and is estimated to reach $19.7 billion by 2031, growing at a CAGR of 8.5% from 2022 to 2031.
- CAGR: 8.5%
- Current Market Size: USD 8.7 Billion
- Fastest Growing Region: APAC
- Largest Market: North America
- Projection Time: 2022-2031
- Base Year: 2021
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The key factors that drive the growth of the market are increase in the prevalence of Alzheimer’s disease, advancement in R&D activities for drug development, and rise in adoption of early diagnosis. Moreover, the growing geriatric population, increase in investment by players in R&D and presence of robust pipeline candidates, rise in expenditure on the development of healthcare infrastructure, and increase in public awareness about the disease prevention in developing regions are further expected to boost the dementia drugs industry growth during forecast period.
Dementia Drugs Market Segmentation –
By Indication –
- Lewy Body Dementia
- Parkinsons Disease Dementia
- Alzheimers Disease
- Vascular Dementia
- Other Indications
By Drug Class-
- Cholinesterase Inhibitors
- NMDA Antagonists and its Combination Drugs
By Distribution Channel-
- Retail Pharmacies
- Hospital Pharmacies
- Online Pharmacies
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
- LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Benefits For Stakeholders
-
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the dementia drugs market analysis from 2021 to 2031 to identify the prevailing dementia drugs market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the dementia drugs market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global dementia drugs market trends, key players, market segments, application areas, and market growth strategies.
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Major Key Market Players in the Industry –
- Apotex Inc.
- Aurobindo Pharma Ltd
- Biogen Idec
- Eisai
- Eli Lilly and Company
- Johnson & Johnson
- Abbvie Inc.
- F. Hoffmann-La Roche AG
- Teva Pharmaceutical Industries
- Novartis AG
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