The Dementia And Movement Disorder Treatment Market is being driven by Growing geriatric population
The Dementia And Movement Disorder Treatment Market is expected to grow at a CAGR of 9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 14429.5 million. The global market for dementia and movement disorder treatments is predominantly driven by the utilization of monoamine oxidase (MAO) inhibitors, acetylcholinesterase (AChE) inhibitors, and glutamate inhibitors. These pharmaceutical interventions are extensively employed for managing various forms of dementia, including Lewy body dementia, and movement disorders, such as Parkinson's disease. Notably, the shared pathological conditions between these diseases, including neurofibrillary tangles, amyloid plaques, and Lewy bodies, necessitate a more nuanced diagnostic approach. Both Lewy body dementia and Parkinson's disease are characterized by cognitive impairment, further complicating their differentiation.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
228 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9% |
Market growth 2025-2029 |
USD 14429.5 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
8.0 |
Key countries |
US, Germany, China, UK, Canada, France, Italy, Japan, Spain, India, US, Canada, Germany, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Dementia and Movement Disorder Treatment Market encompasses various interventions for managing neurodegenerative conditions, including cholinesterase inhibitors and NMDA receptor antagonists. Brain imaging techniques like PET scans and MRI scans, cerebrospinal fluid analysis, genetic testing, and cognitive assessments are utilized for early diagnosis. Functional capacity, caregiver burden, economic impact, and social impact are essential considerations. Psychosocial support, behavioral interventions, environmental modifications, assistive devices, mobility aids, communication aids, adaptive equipment, remote monitoring, and prevention strategies are integral to effective care. Ethical considerations, clinical practice guidelines, and treatment guidelines are crucial in ensuring appropriate end-of-life care. Lifestyle modifications play a significant role in disease management.
The Dementia and Movement Disorder Treatment Market encompasses pharmaceutical companies and researchers involved in the development and manufacturing of both generic and non-generic drugs, as well as veterinary medicines. According to Technavio's market analysis, the global pharmaceuticals market's growth is attributed to several factors, including the increasing aging population. By 2050, approximately one-quarter of the US population and Europe's population ratio is projected to be over 60 years old. This demographic shift will escalate the prevalence of neurodegenerative diseases such as Alzheimer's, Parkinson's, and cognitive decline, resulting in a heightened demand for treatments addressing memory impairment, motor dysfunction, and behavioral changes.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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