According to the World Health Organization (WHO), approximately 50 million people globally have dementia, making it the 7th leading cause of death. Moreover, the total number of dementia patients is estimated to reach 82 million in 2030 and 152 million in 2050, creating an alarming concern related to the disease. With the growing prevalence of this disease in several forms, the need for robust dementia care is witnessed across the globe. The need for increasing patient assistance is witnessed along the progression of the disease. Owing to this, dementia care products that aid the patients suffering from dementia in carrying out daily activities are gaining significant traction. The families and dementia care-givers gain major assistance with these dementia care products as they help in effective disease management.
Wearable Technology Boosting Dementia Care
The advent of technology has benefitted a wide range of industries across the globe. From sensors to monitors, the market has several products that boost the day-to-day activities of individuals. Dementia having disturbing effects on the patient’s cognitive functioning and memory can be an impactful on their lives, creating challenges in carrying out even personal everyday tasks. Various dementia care products equipped with technology are coming to aid for simplifying the said challenges.
Pioneering approaches are offering new solutions that allow easy navigation around the house which has been challenging for patients earlier. Wearable technology is the next-big approach that is being used for boosting dementia care with new wearable technology enabled dementia care products. New collaborations and partnerships are aimed at providing next-gen dementia care products such as wearable devices that aid the dementia patients. Clairvoyant Networks, for instance, has teamed up with AT&T for the purpose of providing connectivity for Theora Care. These range of devices allow families to monitor, locate, and keep in touch with patients who face challenges related to cognitive function. Offering a peace-of-mind to care givers, while enabling patients with cognitive challenges to live an independent life, such type of dementia care products are transforming the way dementia is managed.
Government Initiatives to Foster Growth of the Dementia Care Products Landscape
New investments in the technological space are further boosting the incorporation of innovative assistive technologies in the form of dementia care products and services for patients suffering from dementia. Governments of leading countries are introducing several initiates to support the well-being of patients suffering from dementia and other degenerative diseases. For instance, the Federal Government of Australia, for instance, has granted a funding of $5 billion dollars to Dementia Australia, a peak body for dementia patients, their care-givers, and families, in an effort to aid the utilization of technology for supporting people with dementia, along with their families.
Growing Awareness to Boost Availability of Dementia Care Products
With the consistent growth reflected by the number of dementia incidents, there is an increasing emphasis given to dementia care, thereby boosting the growth of dementia care products market. There is a significant growth in the availability of the dementia care products in the market to help address the growing needs of effective dementia management. Stores in prominent regions are increasingly offering dementia care products to support the global initiative of offering dementia care. For instance, the mobility and healthcare distributor, Health Care Services UK (HCSUK), in the revamp of their store have focused on dementia care products. With the introduction of an exclusive section, ‘Dementia at Home’ at their Eastwood shop, designed to support, aid, and enable people living at home that suffer from dementia. The introduction of its new dementia care products range, the store aims at improving daily lives of dementia patients.
The increasing emphasis given to boosting and advancing patient care has brought major developments in the dementia care products landscape. Technological advancements coupled with ongoing research are further fueling innovations.
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