Cognitive and memory enhancer drugs, also known as nootropics, brain or memory boosters, are being utilized to improve memory, increase mental alertness, enhance concentration, and boost energy levels and wakefulness. Cognitive enhancers range from natural supplements to synthetic drug supplements designed to treat conditions such as sleepiness and improve attention and focus in people with attention disorders.
The significant factors that are responsible for driving the growth of the cognitive and memory enhancer drugs market in the forecasted period include the rising geriatric population and increasing prevalence of people suffering from neurodegenerative disorders like Alzheimer’s disease. Furthermore, the benefits offered by cognitive drugs, such as enhanced physical and mental performance, are likely to propel market growth. Additionally, the enhanced healthcare facilities and increasing healthcare expenditure in developed economies are also expected to boost the market growth. However, factors like ethical issues related to the consumption of such drugs and the high cost involved in R & D activities of these drugs may hamper the global cognitive and memory enhancer drugs market growth.
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Top Leading companies like
Takeda Pharmaceutical Company Limited
Eisai Co., Ltd.
Memory Pharmaceuticals Corp.
Johnson & Johnson
Cephalon, Inc. (Teva Pharmaceutical Industries Ltd.)
The cognitive and memory enhancer drugs market are segmented on the basis of type and application. On the basis of type, the market is segmented into aricept, razadyne, exelon, namenda, provigil, ritalin, adderall and others. On the basis of application, the market is segmented as disease treatment, academic performance, athletic performance and others.
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The Cognitive and Memory Enhancer Drugs market is segmented on the basis of service type and end user. Based on service type, the market is segmented as retirement communities, group care homes, nursing care facilities, and home health care providers. On the basis of end user, the market is categorized as male nursing care and female nursing care.
The report is a combination of qualitative and quantitative analysis of the Cognitive and Memory Enhancer Drugs industry. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
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