Cognitive and Memory Enhancer Drug Market Set for Exponential Growth, Predicted to Surpass USD 8.68 Billion by 2030
Cognitive and memory enhancers are drugs or supplements that improve the cognitive functions such as memory and creativity among patients suffering from diseases such as neurological disorders as well as in healthy individuals. The major factors that contribute to the market growth include growth in geriatric population, which is highly prone to neurological disorders such as Alzheimer’s. According to WHO, more than 46 million individuals live with dementia, which acts as an important factor influencing the growth of this market. In addition, many benefits offered by cognitive drugs such as improved memory and reasoning propel the market growth. Moreover, rise in adoption of cognitive drugs, owing to their benefits such as improved physical and mental performance, boosts the market growth. However, ethical issues related with the use of such drugs restrain the growth of this market.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
Alterna Script LLC
Johnson & Johnson
Novartis International AG
Takeda Pharmaceutical Company Ltd.
Torrent Pharmaceutical, Inc.
Teva Pharmaceutical Industries Ltd. (Cephalon Inc.).
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/4556
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in the cognitive and memory enhancer drug market in 2020, and North America is expected to retain its dominance throughout the forecast period
By product, Aricept generated the maximum revenue in the global cognitive and memory enhancer drugs market in 2020, and is expected to dominate the market till 2030. The Provigil segment is expected to register the highest CAGR of 7.1 % during the forecast period, owing to increase in awareness among people toward improved physical performance.
By application, the disease treatment segment is expected to dominate the market in the future, owing to increase in the number of patients suffering from neurological diseases such as Alzheimer’s. On the other hand, the education performance segment is estimated to exhibit a CAGR of 5.6% during the forecast period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/4556
𝐎𝐮𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐘𝐨𝐮 𝐀𝐧𝐬𝐰𝐞𝐫 𝐭𝐨 𝐁𝐞𝐥𝐨𝐰 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧:
• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2023?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?
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