Dementia Care Products Market is likely to be valued at US$ 27 Mn in 2022 | FMI

[Report of 299 Pages] In 2022, the global dementia care products market is expected to be worth US$ 27 million. The market is expected to grow at a CAGR of 6.9% between 2022 and 2032, reaching US$ 56.2 million.

Dementia Care Products Market: Region-wise Outlook
Geographically, North America is the leading consumer driven market for dementia care products because of the large number of product suppliers in the region as well as product affordability in the region. This is followed by Western Europe region due to high disposable income as well as consumption trend for the healthcare associated products. Asia Pacific market is the fastest growing market globally because of rising incidence rates of dementia patients in the region and growing awareness for these utility products. Latin America region also shows significant growth rate over the years with the increasing healthcare expenditure.
MEA represents the lowest market share as well as growth rate for dementia care products market because of less adoption rate as well as weak distribution channel over the region.Alzheimer’s disease or dementia have disturbing effects on memory as well as cognitive function of a person and negatively impact the daily activities of a person. With the progress of disease, there is also an increase in patient assistance. Dementia care products are the aids designed for the patients suffering from symptoms of dementia to make their life easier.

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A range of products are available in the dementia care product category such as  memory exercise & activity products, daily reminder products, bathroom safety products, dining aids, communication products, personal safety products, special clothing etc. These products benefits the patients in performing routine activities with ease and thus assists their families and carers. There are plenty of pioneering products in the market today which enable dementia patients or other forms of memory loss patients to live safely and independently such as 24 hrs monitoring bands and others. The increasing support from various government as well as private organization supports the market growth for Dementia care products over the forecast period.The market for dementia care products is growing all the time with better choice and availability offerings, as new innovations seek to help manage and ease life with the condition and help care providers offer easier support and assistance in maintaining a good quality of life for the patient.Dementia Care Products Market Treatment Market: Key Players 

There are large number of manufacturers and distributors for dementia care products which also vary from region to region. Some of the players in the dementia care products market includes Parentgiving, Inc., EasierLiving, LLC, Find memory care, Healthcare products LLC., Best Alzheimer’s Products, NRS Healthcare, Buddi Ltd. etc.

Dementia Care Products Market: Drivers & Restraints

Rising geriatric population as well as number of dementia patient pool drives the whole market for dementia care products. Along with this, increasing number of manufacturers and distributors for dementia care products also fuels the market growth. Increasing online sales trend also facilitates the market growth over the forecast period as this increases the product accessibility to different geographies. Limitation of product accessibility and affordability in various remote areas restraint the market growth for dementia care products. High costs associated with the product range also limits the consumer base growth and however curbs the market.

Dementia Care Products Market: Overview

Rising number of dementia cases over the globe generates the market opportunity for dementia care products. According to World Alzheimer Report 2015, more than 10 million new cases of dementia occur each year worldwide which implies huge consumer base worldwide for these dementia care products. Prevalence pool of patients suffering from dementia is quite high in low or middle income countries as compared to the high income countries provides a huge market opportunity companies to expand their product supplies over these regions. Cost effective and high utility products are highly favorable and generates strong product sales for the company. Adoption trend for healthcare products and services are likely to improve the market for dementia care products too.

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The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends and Issues and Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Dementia Care Products Market: Segmentation 

Segmentation by Product Type

  • Memory Exercise & Activity Products
  • Daily Reminder Products
  • Bathroom Safety Products
  • Dining Aids
  • Communication Products
  • Personal Safety Products
  • Others

Segmentation by End User

  • Home Care Settings
  • Long Term Care Centers

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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