Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.19 Billion | USD 17.66 Billion | 7.5% | 2024 |
The global dementia and movement disorders market size was worth around USD 9.19 Billion in 2024 and is predicted to grow to around USD 17.66 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 7.5% between 2025 and 2034. The report analyzes the global dementia and movement disorders market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the dementia and movement disorders industry.
Dementia is a broad spectrum of mental diseases that, over time, cause a person's capacity for thought and memory to decrease. The causes of dementia have not yet been discovered, despite advances in science and medicine. As a result, the illness is solely managed on a symptomatic basis. However, it is well established that numerous movement disorders, including Parkinson's, can trigger dementia. They can happen to anyone of any age, from newborns to the elderly. While symptoms in some cases are limited to issues with motor control, in others they can also impact cognitive and autonomic processes.
The market share growth by the movement disorders segment will be significant during the forecast period. Movement disorders refer to a group of neurological conditions that primarily affect a person's ability to produce and control movements. Movement disorders can significantly impact an individual's ability to perform daily activities and lead a fulfilling life. Effective medications that can manage symptoms and enhance functional abilities are in demand to improve the quality of life for those affected.
Rising geriatric population to fuel the market expansion.
The rising geriatric population is one of the main factors promoting the growth of global dementia and movement disorders market. Children under the age of five have been outnumbered by persons 60 years and older in the year 2020. Eighty percent of the world's elderly population will reside in low- and middle-income nations by 2050. On an account of this, it is anticipated that there would be 78 million cases of dementia worldwide by 2030 and 139 million cases by 2050. Globally rising senior populations will raise the likelihood that people may have neurological conditions like dementia, which will increase demand for dementia medications and propel the market.
High costs associated with the treatment to hamper the market growth
The growing financial burden of neurological illnesses is one of the main reasons impeding the market's expansion for treatments for dementia and movement disorders. One of the 10 major leading causes of mortality in the US, according to the CDC, is Alzheimer's disease. As a result, the US has a significant need for Alzheimer's disease treatment. Patients in the US, however, face difficulties as a result of rising treatment expenses. The Michael J. Fox Foundation and other national organizations in the US completed and released research titled The Economic Burden of Parkinson's Disease. According to the report, Parkinson's disease costs the US government, families, and people a total of $51.9 billion every year. Thus, high costs and increasing economic burden are the factors hindering the growth of global market.
Heavy investments in R&D activities to foster market expansion during the forecast period
Dementia correlated with Alzheimer's disease is anticipated to see growth over the course of the forecast period as a result of increasing disease-modifying therapeutic R&D activities and increased investments by major players in clinical trials of cutting-edge treatment alternatives. In addition to this, mergers and acquisitions as well strategic collaborations by big pharma for business expansion are also likely to generate numerous opportunities for the growth of global dementia and movement disorders market during the forecast period.
Stringent regulatory framework to act as a challenge to market growth
Even though there is a lot of work being done to help those with dementia and movement disorders, the market is facing profound challenges due to the regulatory framework's strictness, the lengthy approval process for drugs, the lack of funding for research & development, and the inadequate therapeutic management techniques. Additionally, the majority of disease-treatment medications fail Phase III testing, rendering efforts futile and reverting the issue of treating these disorders to its original state.
The global dementia and movement disorders market is categorized based on type, drug class, route of administration, end use, and region.
Based on Type, the global dementia and movement disorders market is divided into Progressive Dementia, Movement Disorder, and Other Neurological Abnormalities.
On the basis of Drug Class,, the global dementia and movement disorders market is bifurcated into Glutamate inhibitors, acetylcholinesterase inhibitors, MAO inhibitors, and Others.
By Route of Administration, the global dementia and movement disorders market is split into Parenteral and Oral.
In terms of End-Use, the global dementia and movement disorders market is categorized into Hospitals, Clinics, and Others.
Report Attributes | Report Details |
---|---|
Report Name | Dementia and Movement Disorders Market |
Market Size in 2024 | USD 9.19 Billion |
Market Forecast in 2034 | USD 17.66 Billion |
Growth Rate | CAGR of 7.5% |
Number of Pages | 216 |
Key Companies Covered | Novartis AG, Merck and Co. Inc., Biogen Inc., Bausch Health Companies Inc., Acorda Therapeutics Inc., AbbVie Inc., Johnson and Johnson, GlaxoSmithKline Plc, Eisai Co. Ltd., and Teva Pharmaceutical Industries Ltd, and others. |
Segments Covered | By Type, By Drug Class,, By Route of Administration, By End-Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to dominate the global market during the forecast period
Among the regions, North America is estimated to lead global dementia and movement disorders market. During the projection period, North America will account for 48% of market growth. The largest market in North America for the treatment of dementia and movement disorders are the US and Canada. Compared to the rest of the world, this region's market will increase more rapidly. Over the projection period, dementia and movement disorder therapy market would rise in North America due to the rising incidence of target illnesses including Parkinson's disease and Alzheimer's disease. On the other hand, due to government financial backing for enhancing quality healthcare infrastructure in numerous countries throughout the region and the intensifying campaigns for promoting consciousness of the therapies for dementia and movement disorders, the treatment procedures, and their effect on mental health, Asia Pacific may also present enormous opportunities for the market growth during the forecast period.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the dementia and movement disorders market on a global and regional basis.
The global dementia and movement disorders market is dominated by players like:
By Type
By Drug Class,
By Route of Administration
By End-Use
By Region
FrequentlyAsked Questions
Dementia and movement disorders are neurological conditions affecting the brain. Dementia causes memory loss, confusion, and cognitive decline, while movement disorders, such as Parkinson’s disease, involve problems with movement control, including tremors, stiffness, or uncoordinated motion.
The global dementia and movement disorders market is expected to grow due to increasing prevalence of neurodegenerative diseases, rising aging population, advancements in diagnostic and therapeutic options, and growing investment in research and development.
According to a study, the global dementia and movement disorders market size was worth around USD 9.19 Billion in 2024 and is expected to reach USD 17.66 Billion by 2034.
The global dementia and movement disorders market is expected to grow at a CAGR of 7.5% during the forecast period.
North America is expected to dominate the dementia and movement disorders market over the forecast period.
Leading players in the global dementia and movement disorders market include Novartis AG, Merck and Co. Inc., Biogen Inc., Bausch Health Companies Inc., Acorda Therapeutics Inc., AbbVie Inc., Johnson and Johnson, GlaxoSmithKline Plc, Eisai Co. Ltd., and Teva Pharmaceutical Industries Ltd, among others.
The report explores crucial aspects of the dementia and movement disorders market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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