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2022

Dementia Drugs Market

Dementia Drugs Market Size, Share, Competitive Landscape and Trend Analysis Report by Indication, by Drug Class, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2031

LS : Pharmaceuticals

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Author's: Madhuvanti Balkrishna Divekar | Roshan Deshmukh
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Dementia Drugs Market Research, 2031

The global dementia drugs market size was valued at $8.7 billion in 2021, and is projected to reach $19.7 billion by 2031, growing at a CAGR of 8.5% from 2022 to 2031.

Dementia entails a decline in mental function from a previously higher level that is severe enough to interfere with daily living. A person with dementia has two or more of these specific difficulties, including decline in memory, reasoning, language, coordination, mood, and behavior. Furthermore, dementia develops when parts of the brain involved with learning, memory, decision-making or language are affected by infections or diseases. The most common cause of dementia is Alzheimer’s disease. Dementia is caused by damage to brain. Dementia affects brain’s nerve cells, which destroys brain’s ability to communicate with its various areas. Dementia can also result from blocked blood flow to brain, depriving it of needed oxygen and nutrients. Without oxygen and nutrients, brain tissue dies. Damage to brain results in different symptoms, depending on the area of brain that is affected. Some dementias are not reversible and worsen over time.

Increase in demand for dementia drugs market size is anticipated to increase globally during the forecast period, owing to increase in the prevalence of Alzheimer’s disease, advancement in R&D activities for drug development, and rise in adoption of early diagnosis. In addition, 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, increase in public awareness about the disease prevention in developing regions, and surge in demand for personalized medicine further drive the growth of the market globally. However, strict government regulations related to product approval and high cost linked to R& D activity restrain the growth of dementia drugs industry. Conversely, accelerated technological advancement in drug discovery technique and high investment by the government for drug development are expected to offer lucrative dementia drugs market opportunity for the key player in the market.

Dementia Drugs Market

 

The dementia drugs market is segmented into Indication, Drug Class and Distribution Channel.On the basis of indications, the market is divided into Lewy body dementia, Parkinson’s disease dementia, Alzheimer’s disease, vascular dementia, and other indications. On the basis of drug class, the market is classified into cholinesterase inhibitors and NMDA antagonist and its combination drugs. On the basis of distribution channel, the market is classified into hospital pharmacies, retail pharmacies, and online pharmacies. Furthermore, on the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Global dementia drugs market by Indications

By Indications, the Alzheimer's disease segment was the major revenue contributor of dementia drugs market share in 2021 and is anticipated to continue this trend during the forecast period, owing to increase in life expectancy, rise in ageing population, and changes in lifestyle. In addition, the growth is associated with rapid improvement in medical infrastructure, increase in scientific studies associated with the treatment, and monitoring of Alzheimer's disease, as well as significant government and private sector funding in the Alzheimer's research, which further boosts the dementia drugs market growth. On the other side, the vascular dementia segment is projected to exhibit the fastest market growth during the forecast period, owing to increasing number of populations at high risk of vascular dementia such as geriatrics and smokers, as well as increasing understanding of diagnosis modalities. In addition, increasing focus to develop vascular dementia treatment for the underlying disease and the absence of any FDA-approved drug further boost dementia drugs industry growth.

Dementia Drugs Market by Indication

Global dementia drugs market by drug class

By drug class, the cholinesterase inhibitors segment was the major revenue contributor in 2021 and is anticipated to continue this trend during the forecast period, owing to increase in geriatric population, increase in prevalence of dementia, and growth in drug discovery. In addition, certain factors such as emerging technologies, developing markets, and government initiatives toward R&D of Alzheimer’s therapeutics are expected to fuel the cholinesterase inhibitors segment growth during the forecast period.

Dementia Drugs Market by Drug Class

Global dementia drugs market by distribution channel

By distribution channel, the hospital pharmacies segment was the major revenue contributor of dementia drugs market share in 2021 and is anticipated to continue this trend during dementia drugs market forecast, owing to increase in geriatric population and Alzheimer’s patients.

Dementia Drugs Market by Distribution Channel

Global dementia drugs market by region

By region, North America dominated the market in 2021, accounting for the highest share, and is anticipated to maintain this trend during the forecast period, owing to investments made by key players for various R&D activities as well as launch of new products in the U.S. In addition, increase awareness among consumers for the adoption of dementia drugs further boosts the dementid drugs industry growth.

Dementia Drugs Market by Region

The major companies profiled in the report include, Abbvie Inc., Appotex Inc., Aurobindo Pharma Limited, Biogen Idec Inc., Eisai Global, Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Johnson & Johnson, Novartis Ag and Teva Pharmaceuticals.

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.

Dementia Drugs Market Report Highlights

Aspects Details
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Market Size By 2031

USD 19.7 billion

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Growth Rate

CAGR of 8.5%

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Forecast period

2021 - 2031

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Report Pages

265

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By Indication
  • Lewy Body Dementia
  • Parkinsons Disease Dementia
  • Alzheimers Disease
  • Vascular Dementia
  • Other Indications
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By Drug Class
  • Cholinesterase Inhibitors
  • NMDA Antagonists and its Combination Drugs
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By Distribution Channel
  • Retail Pharmacies
  • Hospital Pharmacies
  • Online Pharmacies
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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 Market Players

Eisai, Aurobindo Pharma Ltd, apotex inc., Biogen Idec, Teva Pharmaceutical Industries, Novartis AG, Abbvie Inc, Johnson & Johnson, Eli Lilly and Company, , F. Hoffmann-La Roche AG

Analyst Review

This section provides the opinions of the top level CXOs in the dementia drugs market. According to the CXOs, dementia is a neurologic disorder that causes infection to the brain.

As per the CXOs, the pharmaceutical industry is undertaking rapid and exceptional measures to bring more innovative products for patients and has opened new approaches in the pharmaceutical industry. According to National Plan of Alzheimer’s Disease, in 2021, it has launched National Alzheimer’s Project Act. This act has an aim to prevent and treat the Alzheimer’s Disease and related Dementias by 2025, enhance public awareness and engagement, and accelerate action to promote healthy aging and reduce risk factors for Alzheimer’s disease. Thus, rise in number of initiatives taken by private organization for the management of dementia significantly drives the growth of the market.

The CXOs further added that the Alzheimer’s disease segment holds the largest share in the market owing to increase in life expectancy, rise in ageing population, and changes in lifestyle. In addition, the cholinesterase inhibitors segment holds the largest share in the market, owing to strong availability of the dementia drugs among large number of key players in the market. Moreover, North America is expected to offer lucrative opportunities to the market during the forecast period, owing to rise in geriatric population in the region, which led to increase in the demand for dementia drugs across the region. However, Asia-Pacific registered the fastest growth rate during the forecast period, owing to developments in healthcare infrastructure, rise in disposable incomes, and well-established presence of domestic companies in the region.

Author Name(s) : Madhuvanti Balkrishna Divekar | Roshan Deshmukh
Frequently Asked Questions?

The forecast period for dementia drugs market is 2022 to 2031

The total market value of dementia drugs market is $8662.17 million in 2021.

increase in the prevalence of Alzheimer’s disease, advancement in R&D activities for drug development, and rise in adoption of early diagnosis propel the growth of the market

North America is the largest regional market for Global Dementia Drugs.

Top companies such as Abbvie Inc., Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Johnson & Johnson, Novartis Ag and Teva Pharmaceuticals. held a high market position in 2021.

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Dementia Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021-2031