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New Study: Cognitive and Memory Enhancer Drugs Market Value set to Reach $6,598 Mn by 2023 - Allied Market Research
Cognitive and Memory Enhancer Drugs Market
Cognitive and memory enhancers are drugs or supplements that help improve cognitive function, such as memory, creativity, and others. The main factor contributing to the growth of the market is the increase in the elderly population suffering from geriatric diseases. In addition, increased adoption of cognitive medicine and the benefits of such benefits have improved market growth. But ethical issues are related to drug use in curbing the growth of this market.
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Namenda has generated the largest revenue in the global cognitive and memory enhancer market in 2016 and is expected to dominate the market by 2023. The Exelon segment is expected to record a high CAGR of 10.9% over the forecast period.
Disease treatment application 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, academic performance segment is estimated to exhibit a CAGR of 10.2% during the forecast period.
Key Findings of the Cognitive And Memory Enhancer Drugs Market :
• Razadyne contributed for more than one-sixth share of the global cognitive and memory enhancer drugs market in 2016.
• Provigil is projected to grow at a significant CAGR of 10.4% during the analysis period.
• Athletic performance is expected to grow at a significant CAGR of 9.8% from 2017 to 2023.
• Germany and France were the major shareholders in 2016, together accounting for more than one-third share of the European cognitive and memory enhancer drugs market.
• Japan was the major shareholder in 2016, accounting for more than one-third share of the Asia-Pacific market.
•
The Asia-Pacific market is projected to grow at the highest CAGR of 9.6% during the forecast period, owing to improvement in healthcare infrastructure and rise in expenditures in the emerging markets (such as India and China) to cater to the unmet medical needs.
The major companies profiled in the report are Pfizer Inc., Eisai Co., Ltd., Allergan, Inc., Novartis AG, Shire, Johnson & Johnson, Takeda Pharmaceutical Company Limited, AlternaScript LLC, Cephalon, Inc. (Teva Pharmaceutical Industries Ltd.), and Ceretropic.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
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