Dementia
The dementia market in psychiatry is witnessing significant growth due to the increasing prevalence of the disease, the aging population, and the growing demand for effective treatment options. According to a report, the global dementia care market size was valued at 40.5 billion USD in 2020 and is expected to grow at a compound annual growth rate of 8.7% from 2021 to 2028. The market is driven by the availability of innovative treatments and therapies, increasing investment in research and development, and rising awareness of the disease. Key players in the dementia market include pharmaceutical companies, healthcare providers, and diagnostic and testing companies.