The Memory Disorders Market is expected to experience tremendous growth within the forecast period as there will be an increased in prevalence of the memory associated diseases, which generally affects millions of people around the world, though it is more common in the elderly. Moreover, the market is expected to show a negative growth within the forecast period due to the effects of restrictions caused by sudden outbreak of COVID-19.
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Data Bridge Market Research analyses that the memory disorders market will grow at a CAGR of 7.90% during the forecast period of 2022 to 2029. The “dementia” accounts for the largest type segment in the memory disorders market within the forecasted period.
Moreover, the introduction of new and innovative technologies and drugs will boost new opportunities for the market’s growth rate. Also, the increased government funding and awareness programs and developments in healthcare technology will escalate the growth rate memory disorders market in future.
North America dominates the memory disorders market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increase burden of memory disorder, high research and development and healthcare expenditure and availability of drugs in the market may increase the memory disorders treatment market in this region.
Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period due to the increase in economic value, advancement of technology and rising demand of treatment medication in the region
Some of the major players operating in the memory disorders market are Novartis AG, AstraZeneca, Bristol-Myers Squibb Company, AbbVie Inc., Eli Lilly and Company, Pfizer Inc., VTV Therapeutics, H. Lundbeck A/S, TauRx Pharmaceuticals Ltd, DAIICHI SANKYO COMPANY LIMITED, GlaxoSmithKline Plc, Merck & Co Inc., Echo Pharma, Teva Pharmaceuticals Industries Ltd., Takeda Pharmaceutical Company Limited, Bayer AG, Biogen, WOCKHARDT BIO AG., Dr. Reddy’s Laboratories Ltd., Sun Pharmaceuticals Industries Ltd., Allergan, and Mylan N.V., among others.
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