The Treatment Syndromes Dementia Movement Disorders Market is all set to witness staggering growth in the upcoming period. With technological advancements under its belt, the healthcare vertical is witnessing hi-tech demands. In other words, the healthcare personnel is expected to be abreast with the operations of high-tech devices like handheld computers, smart infusion pumps, and so on. Also, utmost care needs to be taken concerning scanning right the very first time along with vibration alert to not disturb the sleeping patients.
According to a new market report published by Persistence Market Research “Global Market Study on Treatment for Syndromes of Dementia and Movement Disorders: Asia to Witness Highest Growth by 2020,” the global treatment for syndromes of dementia and movement disorders market was valued at USD 12,859.8 million in 2014 and is expected to grow at a CAGR of 8.6% from 2014 to 2020, to reach an estimated value of USD 21,154.8 million in 2020.
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The treatment for syndromes of dementia and movement disorders market is witnessing significant growth due to increasing R&D investments in drug discovery and developments. In addition, increasing prevalence of neurodegenerative disorders and rising awareness about mental disorders are also driving the growth of the market. However, most of the drugs fail in Phase III due to lack of sufficient knowledge about the mechanisms of the brain and the unknown causes of the disease.
Some of the major players in the treatment for syndromes of dementia and movement disorders market:
- F. Hoffmann-La Roche, Ltd.
- Novartis AG.
- Merck & Co., Inc.
- Sanofi S.A.
- Valeant Pharmaceutical International, Inc.
- AstraZeneca GmbH and Pfizer, Inc.
- Other
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In addition, lack of comprehensive therapeutic management, strict regulations, and time-consuming drug approval process inhibit the growth of the market.
In North America, growing aging population and rising incidence of neurodegenerative disease are driving the use of treatment for syndromes of dementia and movement disorders in the market. In addition, lack of proper medication is also fuelling the growth of treatments for syndromes of dementia and movement disorders market.
In Europe, the treatment for syndromes of dementia and movement disorders market is driven by rising incidence of mental disorder related disease and growing aging population. On the other hand, various awareness programs were launched by public and private health institutions to control dementia and movement disorders, which would increase the use of dementia and movement disorder drugs in the region.
However, in Asia the growth for treatment for syndromes of dementia and movement disorders is much higher than developed countries due to widening health insurance penetration, and large population base.
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The treatment for syndromes of dementia and movement disorders market is segmented as follows:
Treatment for syndromes of dementia and movement disorders market, by drugs used to treat progressive dementia
- Diseases based therapeutics under progressive dementia
- Drugs for progressive dementia
Treatment for syndromes of dementia and movement disorders market, by drugs used to treat progressive dementia with other neurological abnormalities
- Disease based therapeutics under progressive dementia with other neurological abnormalities
- Drugs for progressive dementia with other neurological abnormalities
Treatment for syndromes of dementia and movement disorders market, by drugs used to treat movement disorders
- Diseases based therapeutics under movement disorders
- Drugs for movement disorders
Treatment for syndromes of dementia and movement disorders market, by geography
- North America
- Europe
- Asia
- Rest of the World (RoW)
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