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Industry Landscape
The dementia care industry is experiencing significant growth driven by an aging global population and increased awareness of cognitive health. Innovation, particularly in digital health and personalized care, is a key trend. The market is evolving to offer diverse solutions, from in-home support to advanced monitoring technologies, focusing on improving the quality of life for patients and alleviating caregiver burden. Challenges include fragmented services and the need for greater integration.
Total Assets Under Management (AUM)
Number of people living with dementia in United States
~6.7 million
(2.1% (estimated for 2023) CAGR)
• Projected to reach 13.8 million by 2060.
• Growth driven by aging demographics.
• Impacts healthcare infrastructure and caregiver demand.
Total Addressable Market
350 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Predictive Analytics
Utilizing artificial intelligence and machine learning to analyze patient data, predict disease progression, identify potential risks (e.g., falls, infections), and personalize care plans.
Remote Patient Monitoring (RPM)
Implementing wearable sensors and smart home devices to continuously collect vital signs, activity levels, and behavioral patterns, enabling real-time monitoring and timely interventions.
Virtual Reality (VR) & Augmented Reality (AR)
Employing immersive VR/AR experiences for cognitive stimulation, reminiscence therapy, anxiety reduction, and caregiver training in managing challenging behaviors.
Impactful Policy Frameworks
CMS Medicare Part B Coverage for Remote Therapeutic Monitoring (2022)
The Centers for Medicare & Medicaid Services (CMS) expanded coverage for Remote Therapeutic Monitoring (RTM) services under Medicare Part B, allowing reimbursement for monitoring of non-physiological data such as medication adherence or therapy response.
This policy offers new avenues for reimbursement for digital health solutions in dementia care, making remote monitoring more financially viable for providers and patients.
Health Data Interoperability Rules (ONC Cures Act Final Rule, 2020)
The Office of the National Coordinator for Health Information Technology (ONC) Cures Act Final Rule mandates interoperability between electronic health records (EHRs) and other health IT systems, promoting seamless data exchange.
This regulation facilitates better coordination of care for dementia patients by enabling data sharing between various healthcare providers, supporting integrated care models.
Elder Abuse Prevention and Prosecution Act (2017) and related state-level initiatives
While a federal act from 2017, its implementation has spurred ongoing state-level initiatives and funding for programs aimed at preventing and prosecuting elder abuse, including financial exploitation and neglect.
These ongoing efforts reinforce the need for secure, transparent, and ethical care practices, influencing the design of digital solutions to protect vulnerable dementia patients.
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