The global dementia care products market is set to experience a transformative surge, with projections indicating a valuation of USD 56.7 million by 2033. This represents a substantial increase from USD 29.1 million in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 6.9%.
The landscape of dementia care is evolving rapidly, driven by a remarkable expansion in market size and innovation. As Alzheimer’s disease and other forms of dementia continue to challenge cognitive function and daily living activities, the demand for specialized dementia care products has surged. These products, ranging from memory exercise aids and daily reminder tools to bathroom safety devices and personal safety products, play a crucial role in enhancing the quality of life for patients and providing essential support for their families and caregivers.
Dementia care products are designed to ease the daily routines of patients, enabling them to live more independently and safely. Innovations such as 24-hour monitoring bands exemplify the advancements in this field, allowing for enhanced patient safety and caregiver support. The market’s growth is further supported by increased investments from government and private organizations, which are dedicated to improving dementia care and patient outcomes.
The home care settings segment is expected to lead the market’s growth, driven by rising treatment costs and the increasing availability of training programs for family members and caregivers. This segment’s expansion highlights a shift towards more personalized and accessible care solutions for those affected by Alzheimer’s disease and other forms of dementia.
As the dementia care products market continues to advance, the focus remains on providing innovative solutions that support patient independence and caregiver effectiveness. The ongoing commitment to research and development in this sector underscores a collective effort to enhance the quality of life for individuals living with dementia and their support networks.
Top Highlights from the FMI’s Analysis of the Dementia care products industry:
- North America’s dementia care products industry gained a notable size of 36.7% in 2022. The market growth can be credited to the surging work pressure and stress, which is contributing toward widespread dementia. Besides, neurological diseases like epilepsy, Parkinson’s disease, and stroke are pushing the market growth.
- Europe’s dementia care products industry acquired a market share of 31.3% in 2022. The surging prevalence of Alzheimer’s disease in the region is fueling market growth. The increasing cases of delirium, depression, thyroid problems, overuse of alcohol, and side effects from certain medications are enhancing regional growth.
- China is expanding at a quick pace of 9.2% CAGR from 2023 to 2033, whereas India is expected to register a CAGR of 8.8% over the same period.
- The United Kingdom’s dementia care products industry is projected to display a CAGR of 7.3% from 2023 to 2033.
- Based on product, the memory exercise and activity products segment attained a market share of 28.7% in 2022.
- Under the category of end user, the long-term care centers segment attained a prominent share of 58.7% in 2022.
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Key Players in the Global Dementia Care Products Market:
Some of the players in the dementia care products market include Parentgiving, Inc., EasierLiving LLC, Find Memory Care, Healthcare products LLC, Best Alzheimer’s Products, NRS Healthcare, Buddi Ltd. Etc. There are a few projects in the pipeline for dementia care products. The leading manufacturers of dementia care products are focused to collaborate with the regional and local distributors to expand their market presence and upsurge their revenue from this system.
- In September 2021, Parentgiving Inc., the country’s premier retailer of caregiving products for the aging, announced the expansion of its Dry Direct incontinence line adding world-class Italian comfort, softness, and performance consumers expect from the leader in premium incontinence products.
- In June 2021, Biogen and Eisai, Co., Ltd., announced that the U.S. Food and Drug Administration (FDA) has granted accelerated approval for ADUHELM™ (aducanumab-avwa) as the first and only Alzheimer’s disease treatment to address a defining pathology of the disease by reducing amyloid-beta plaques in the brain.
Key Segments Covered in the Dementia Care Products Industry Survey:
By Product Type:
- Memory Exercise & Activity Products
- Daily Reminder Products
- Bathroom Safety Products
- Dining Aids
- Communication Products
- Personal Safety Products
- Other Product Types
By End User:
- Home Care Settings
- Long-term Care Centers
By Region:
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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