The Cognition and Memory Enhancing Drugs Market provides in-depth analysis of current trends and future estimates.
PORTLAND, OREGON, USA, Sept. 7, 2022 /EINPresswire.com/ — The cognition and memory enhancing drug industry was estimated to be worth $5.07 billion by 2020 and is expected to reach $8.68 billion by 2030, growing at a CAGR of 5.5% from 2021 to 2030. Rising geriatric population, benefits of smart drugs and high incidence of neurodegenerative disorders have spurred the growth of the global cognition and memory enhancing drugs market. However, various ethical issues regarding these drugs are hampering the market growth. On the contrary, the effective strength of the drugs would open up new opportunities in the future.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Global Cognition and Memory Enhancing Drugs Market includes in-depth analysis of major market players such as AbbVie, Ceretropic, Biogen, Inc., Alterna Script LLC, Novartis International AG, Pfizer Inc., Johnson & Johnson, Torrent Pharmaceuticals, Takeda Pharmaceutical Company Ltd. and Teva Pharmaceutical Industries Ltd. (Cephalon Inc.).
• The Covid-19 pandemic has had a negative impact on the market, due to the decrease in the number of visits to hospitals and clinics for the treatment of neurodegenerative diseases.
• However, the increase in ongoing vaccination and the decrease in Covid-19 cases will help the market get back on track soon.
Based on applications, the disease treatment segment is expected to register the highest CAGR of 6.0% during the forecast period. Additionally, the segment captured the lion’s share in 2020, accounting for nearly three-fifths of the market. The report includes analysis of other segments such as education industry, sports and others.
On the basis of product, the Provigil segment would show the highest CAGR of 7.1% during the forecast period. However, the Aricept segment held the largest share in 2020, contributing almost a quarter of the total market share.
Global Cognition and Memory Enhancing Drugs Market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The North American market led in terms of revenue in 2020, accounting for around two-fifths of the market. However, the Asia-Pacific market is expected to show the highest CAGR of 6.8% during the forecast period.
𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬
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𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 :
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