diff --git a/package-lock.json b/package-lock.json
index a51dcd73..f5b03fbb 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -7698,6 +7698,11 @@
       "resolved": "https://registry.npmjs.org/mdurl/-/mdurl-2.0.0.tgz",
       "integrity": "sha512-Lf+9+2r+Tdp5wXDXC4PcIBjTDtq4UKjCPMQhKIuzpJNW0b96kVqSwW0bT7FhRSfmAiFYgP+SCRvdrDozfh0U5w=="
     },
+    "node_modules/memize": {
+      "version": "2.1.0",
+      "resolved": "https://registry.npmjs.org/memize/-/memize-2.1.0.tgz",
+      "integrity": "sha512-yywVJy8ctVlN5lNPxsep5urnZ6TTclwPEyigM9M3Bi8vseJBOfqNrGWN/r8NzuIt3PovM323W04blJfGQfQSVg=="
+    },
     "node_modules/meow": {
       "version": "8.1.2",
       "resolved": "https://registry.npmjs.org/meow/-/meow-8.1.2.tgz",
@@ -12370,7 +12375,8 @@
         "@jsdoc/util": "^0.3.2",
         "catharsis": "^0.9.0",
         "common-path-prefix": "^3.0.0",
-        "lodash": "^4.17.21"
+        "lodash": "^4.17.21",
+        "memize": "^2.1.0"
       },
       "engines": {
         "node": ">=v18.12.0"
diff --git a/packages/jsdoc-tag/lib/type.js b/packages/jsdoc-tag/lib/type.js
index 3dfd6d54..8d3753f2 100644
--- a/packages/jsdoc-tag/lib/type.js
+++ b/packages/jsdoc-tag/lib/type.js
@@ -13,6 +13,7 @@
   See the License for the specific language governing permissions and
   limitations under the License.
 */
+
 /**
  * @module @jsdoc/tag/lib/type
  * @alias @jsdoc/tag.type
@@ -20,11 +21,14 @@
 import { name } from '@jsdoc/core';
 import { cast } from '@jsdoc/util';
 import catharsis from 'catharsis';
+import memize from 'memize';
 
 import { extractInlineTag } from './inline.js';
 
+const MEMIZE_OPTS = { maxSize: 500 };
 const NAME_AND_DEFAULT_VALUE_REGEXP = /^(.+?)\s*=\s*(.+)$/;
 const NAME_AND_TYPE_REGEXP = /^(\[)?\s*(.+?)\s*(\])?$/;
+const TYPES = catharsis.Types;
 
 /**
  * Information about a type expression extracted from tag text.
@@ -35,6 +39,11 @@ const NAME_AND_TYPE_REGEXP = /^(\[)?\s*(.+?)\s*(\])?$/;
  * @property {string} text - The updated tag text.
  */
 
+/** @private */
+function memoize(fn) {
+  return memize(fn, MEMIZE_OPTS);
+}
+
 /** @private */
 function unescapeBraces(text) {
   return text.replace(/\\\{/g, '{').replace(/\\\}/g, '}');
@@ -47,7 +56,7 @@ function unescapeBraces(text) {
  * @param {string} string - The tag text.
  * @return {module:@jsdoc/tag.type.TypeExpressionInfo} The type expression and updated tag text.
  */
-function extractTypeExpression(string) {
+function _extractTypeExpression(string) {
   let completeExpression;
   let count = 0;
   let position = 0;
@@ -94,8 +103,10 @@ function extractTypeExpression(string) {
   };
 }
 
+const extractTypeExpression = memoize(_extractTypeExpression);
+
 /** @private */
-function getTagInfo(tagValue, canHaveName, canHaveType) {
+function _getTagInfo(tagValue, canHaveName, canHaveType) {
   let tagName = '';
   let typeExpression = '';
   let tagText = tagValue;
@@ -131,6 +142,8 @@ function getTagInfo(tagValue, canHaveName, canHaveType) {
   };
 }
 
+const getTagInfo = memoize(_getTagInfo);
+
 /**
  * Information provided in a JSDoc tag.
  *
@@ -182,15 +195,15 @@ function parseName(tagInfo) {
   return tagInfo;
 }
 
+let getTypeStrings;
+
 /** @private */
-function getTypeStrings(parsedType, isOutermostType) {
+function _getTypeStrings(parsedType, isOutermostType) {
   let applications;
   let typeString;
 
   let types = [];
 
-  const TYPES = catharsis.Types;
-
   switch (parsedType.type) {
     case TYPES.AllLiteral:
       types.push('*');
@@ -239,6 +252,8 @@ function getTypeStrings(parsedType, isOutermostType) {
   return types;
 }
 
+getTypeStrings = memoize(_getTypeStrings);
+
 /**
  * Extract JSDoc-style and Closure Compiler-style type information from the type expression
  * specified in the tag info.
@@ -297,7 +312,7 @@ const typeParsers = [parseName, parseTypeExpression];
  * @return {module:@jsdoc/tag.type.TagInfo} Information obtained from the tag.
  * @throws {Error} Thrown if a type expression cannot be parsed.
  */
-export function parse(tagValue, canHaveName, canHaveType) {
+function _parse(tagValue, canHaveName, canHaveType) {
   let tagInfo;
 
   if (typeof tagValue !== 'string') {
@@ -318,3 +333,5 @@ export function parse(tagValue, canHaveName, canHaveType) {
 
   return tagInfo;
 }
+
+export const parse = memoize(_parse);
diff --git a/packages/jsdoc-tag/package.json b/packages/jsdoc-tag/package.json
index a9c20090..a6269558 100644
--- a/packages/jsdoc-tag/package.json
+++ b/packages/jsdoc-tag/package.json
@@ -39,7 +39,8 @@
     "@jsdoc/util": "^0.3.2",
     "catharsis": "^0.9.0",
     "common-path-prefix": "^3.0.0",
-    "lodash": "^4.17.21"
+    "lodash": "^4.17.21",
+    "memize": "^2.1.0"
   },
   "engines": {
     "node": ">=v18.12.0"