According to FutureWise analysis the market for Cognitive Decline in 2023 is US$ 2.5 billion, and is expected to reach US$ 3.95 billion by 2031 at a CAGR of 5.90%.
Cognitive disorders (CDs), often called neurocognitive disorders (NCDs), are a type of mental illness that predominantly affects cognitive abilities such as learning, memory, perception, and problem solving. Delirium, mild neurocognitive disorders, and significant neurocognitive disorders are examples of neurocognitive disorders (previously known as dementia). They are defined by acquired (as opposed to developmental) cognitive deficiencies that often signify decline and may have an underlying brain abnormality. [1] Executive function, learning and memory, perceptual-motor function, language, complex attention, and social cognition are the six major domains of cognitive function defined by the DSM-5. Although Alzheimer's disease is the most common cause of neurocognitive disorders, other medical conditions that affect mental functions like memory, thinking, and reasoning include frontotemporal degeneration, Huntington's disease, dementia with Lewy bodies, traumatic brain injury (TBI), Parkinson's disease, prion disease, and dementia/neurocognitive issues caused by HIV infection. Mild and major neurocognitive disorders are classified according to the severity of their symptoms. Although anxiety disorders, mood disorders, and psychotic disorders can affect cognitive and memory processes, they are not classed as neurocognitive diseases since cognitive function loss is not the major (causal) symptom. The causes of the various types of diseases vary, but the majority of them involve impairment to the memory centres of the brain. Treatment options are determined by the source of the disease. The most popular treatments are medications and therapies; however, some illnesses, such as some types of amnesia, have treatments that can lower symptoms but no cure.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Cognitive Decline Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Cognitive Decline Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.