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The global dementia care products market is witnessing significant growth due to their increasing adoption influenced by a high prevalence of the condition, especially in the low-and-middle-income countries, increased awareness about care products, supportive government policies, and technological advancements in care products.
Increasing Incidence of Dementia to Boost Market Growth
In recent years, there has been a considerable rise in the incidence of cognitive disorders and dementia influenced by the increasing aging population and the development of Alzheimer's disease. This is anticipated to boost the utilization of dementia care products among the global population, thereby driving market growth.
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According to data published by The Lancet Public Health, the global prevalence of dementia by 2050 is expected to account for 152.8 million.
Accessibility Issues and Low Healthcare Spending May Hamper the Market Growth
In some countries, underdeveloped distribution channels may lead to the limited availability of dementia care products. Furthermore, the limited healthcare spending may exacerbate the situation, preventing individuals from affording available products. Such a scenario is anticipated to hinder market expansion.
Advancements in Dementia Care Products May Spur Market Expansion
The integration of artificial intelligence, virtual reality, big data, and the Internet of Things (IoT) into dementia care products enhances their effectiveness. Moreover, wearable devices and monitoring systems can help track patient's activities and health conditions, thereby leading to better outcomes. This is expected to contribute significantly to market expansion in the near future.
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By Type |
By Disease Type |
By End-user |
By Geography |
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· North America (U.S. and Canada) · Europe (U.K., Germany, France, Spain, Italy, Scandinavia, and the Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific) · Latin America (Brazil, Mexico, and the Rest of Latin America) · Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa) |
The report covers the following key insights:
Based on type, the market is segmented into memory aids/daily reminder products, bathroom aids, walking & activity products, personal safety products, and others.
The memory aids/daily reminder products segment is expected to hold a major share of the global market. Memory aids are crucial for helping individuals with dementia manage daily tasks and maintain a sense of routine, enhancing daily functioning and independence. This may spur the demand for these products, augmenting the segment growth over the forthcoming years.
On the basis of disease type, the market is fragmented into Alzheimer's induced dementia, vascular dementia, lewy body dementia, and others.
The lewy body dementia segment is expected to hold a moderate share of the global market during the forecast period. The segment growth can be attributed to the high prevalence of this condition, leading to several complications and spurring the demand for the utilization of dementia care products, such as walking and activity products.
Based on end-user, the market is subdivided into long-term care centers, home care settings, and others.
The long-term care centers segment is projected to expand at a substantial CAGR during the projection period. The growth is mainly attributed to the increasing number of residents suffering from dementia in long-term care centers, which may spur the demand for care products in these settings.
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Based on region, the market has been studied across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
North America accounted for the largest share of the global dementia care products market in 2023. The regional growth is attributed to the high burden of Alzheimer's disease (AD) in the U.S., which is the leading cause of dementia. This is expected to spur the adoption of dementia care products, driving the regional market growth.
Europe is the second-largest market based on the demand for dementia care products. The growth is driven by several factors such as the presence of prominent players, high product accessibility, and healthcare expenditures.
The Asia Pacific market is expected to grow at the highest CAGR during the forecast period. The region's growth can be attributed to the high burden of aged individuals who are prone to be affected by dementia. Such a scenario may surge the adoption of care products for the management of these conditions, which is anticipated to boost the regional growth.
The global dementia care products market is fragmented, with many companies offering various care products.
The report includes the profiles of the following key players:
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