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Global Cognitive and Memory Enhancer Drugs Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Nov 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Cognitive and Memory Enhancer Drugs Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - 7.1% Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 6.00 Million
Diagram Market Size (Forecast Year) USD 10.39 Million
Diagram CAGR 7.1%

Global Cognitive and Memory Enhancer Drugs Market, By Drug Type (Namenda, Provigil, Aricept, Razadyne, Exelon, Adderall, Ritalin, Others), Application (Disease Treatment, Athletic Performance, Academic Performance, Others) – Industry Trends and Forecast to 2029.

 Cognitive and Memory Enhancer Drugs Market Analysis and Size

Cognition is the mental process of acquiring knowledge and comprehension through experiences, senses, or thoughts. The use of drugs and other techniques to improve cognition is not new. Caffeine has been used as a stimulant for over a thousand years and is frequently consumed in extremely high doses. (For instance, Starbucks' popularity may be due to the fact that a 16-ounce serving of its coffee contains 550 milligrams of caffeine, which is five times the amount found in a regular cup of coffee or a single no doze tablet.

Data Bridge Market Research analyses that the cognitive and memory enhancer drugs market which was USD 6 million in 2021, is expected to reach USD 10.39 million by 2029, at a CAGR of 7.10% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Cognitive and Memory Enhancer Drugs Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Drug Type (Namenda, Provigil, Aricept, Razadyne, Exelon, Adderall, Ritalin, Others), Application (Disease Treatment, Athletic Performance, Academic Performance, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

AlternaScript (U.S.), Cipla Inc. (India), Pfizer Inc. (U.S.), Johnson & Johnson Private Limited (U.S.), Novartis AG (Germany), Eisai Co., Ltd. (Japan), Allergan (Ireland), Merz Pharma (Germany), AbbVie Inc. (U.S.), Dr. Reddy’s Laboratories Ltd. (India), Bayer AG (Germany), Shodhana Laboratories Private Limited (India), Teva Pharmaceutical Industries Ltd. (Israel), Sanofi (France), Shire (U.S.), Ceretropic (U.S.), Takeda Pharmaceutical Company Limited (Japan), Torrent Pharmaceuticals Ltd. (India)

Market Opportunities

  • Rising prevalence of neurological disorders
  • Increase in the geriatric population

Market Definition

Cognitive and memory enhancer drugs or external supplements are designed to improve an individual's cognitive capacity, which includes executive functions such as creativity, motivation, attention, and memory. These medications are prescribed to patients who are having difficulty maintaining optimal cognitive function. Patients suffering from mental illnesses such as Alzheimer's, Schizophrenia, paranoia, and ADD are given these drugs to help them cope with the symptoms of the disorder. Nootropics, also known as "cognitive enhancers," are drugs that some people use to improve memory, increase mental alertness and concentration and increase energy levels and wakefulness. There are numerous nootropics.

Global Cognitive and Memory Enhancer Drugs Market Dynamics

Drivers

  • Rising prevalence of neurological disorders

As the prevalence of neurological disorders such as dementia, Alzheimer's, and Parkinson's disease rises, so the need for a reliable treatment. As a result, people suffering from these disorders are among the most common recipients of cognitive and memory enhancing drugs. This factor drives market growth. Around 50 million people worldwide suffer from dementia, with nearly 10 million new cases diagnosed each year. Aside from that, cognitive drugs are used in academics and athletics. In addition, ongoing clinical trials for the development of potential drugs contribute to market expansion.

  • Increase in the geriatric population base

Geriatric refers to a population whose health is deteriorating due to old age. One of the potential growth drivers for the global market is an increase in the number of geriatric patients. According to a WHO report, approximately 46 million people worldwide suffer from dementia, a memory disorder. The number of elderly people suffering from Alzheimer's disease has grown over time. In addition, neurological disorders have been on the rise. These factors will eventually propel the global market for cognitive and memory enhancer drugs forward.

Opportunities

  • Increase in medical facilities in the developing economies

More patients will have access to the care they require as the number of medical facilities that provide cognitive and memory enhancer drugs grows. The easy availability of necessary supplements can pave the way for the global market to expand.

Restraints/Challenges

  • High cost of production of drugs and supplements

Medicinal drugs are expensive in many countries and require significant investment to manufacture. This puts cognitive and memory enhancer drugs' global reach in jeopardy. Keeping track of expenses and keeping them under control is a difficult task in today's global market. Also, the high cost of drug research and development activities, as well as legal and ethical issues, will limit the growth of the cognitive and memory enhancer drugs market, whereas the high cost of cognitive and memory enhancer drugs treatment may pose a challenge to the market's growth.

This cognitive and memory enhancer drugs market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cognitive and memory enhancer drugs market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Cognitive and Memory Enhancer Drugs Market

The overall impact of COVID-19 on the market is negative, owing to a decrease in the number of visits to hospitals and clinics for the treatment of neurodegenerative disorders, and these drugs are primarily used in the treatment of neurodegenerative disorders, resulting in a decrease in demand for cognitive and enhancer drugs. However, with ongoing vaccinations and decreasing COVID-19 cases, the market is expected to regain its full potential in the near future.

Recent developments

  • In September 2021, a Bristol-led study identified specific drug targets in the neural circuits that encode memories, paving the way for significant advances in treating a wide range of brain disorders.
  • In April 2022, A first-in-class oral compound targeting NMDA (N-methyl-D-aspartate) receptors was found to be useful in a mid-stage clinical trial for Alzheimer's disease, laying the groundwork for a full efficacy and safety study. SAGE-718, a PAM (positive allosteric modulator) of NMDA receptor activity, improved mean scores on five standard memory tests in twenty-six Alzheimer's patients with mild cognitive deficits.

Global Cognitive and Memory Enhancer Drugs Market Scope

The cognitive and memory enhancer drugs market is segmented on the basis of drug type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Drug Type

  • Namenda
  • Provigil
  • Aricept
  • Razadyne
  • Exelon
  • Adderall
  • Ritalin
  • Others

Application

  • Disease Treatment
  • Athletic Performance
  • Academic Performance
  • Others

Cognitive and Memory Enhancer Drugs Market Regional Analysis/Insights

The cognitive and memory enhancer drugs market is analysed and market size insights and trends are provided by country, drug type and application as referenced above.

The countries covered in the cognitive and memory enhancer drugs market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the cognitive and memory enhancer drugs market owing to the increase in patients suffering from Alzheimer's disease and rise in healthcare expenditure due to long term care for these patients within the region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 because of the rapid increase in geriatric population and increasing prevalence of cognitive diseases, particularly in affluent countries within this particular region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The cognitive and memory enhancer drugs market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for cognitive and memory enhancer drugs market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cognitive and memory enhancer drugs market. The data is available for historic period 2010-2020.

Competitive Landscape and Cognitive and Memory Enhancer Drugs Market Share Analysis

The cognitive and memory enhancer drugs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cognitive and memory enhancer drugs market.

Some of the major players operating in the cognitive and memory enhancer drugs market are:

  • AlternaScript (U.S.)
  • Cipla Inc. (India)
  • Pfizer Inc. (U.S.)
  • Johnson & Johnson Private Limited (U.S.)
  • Novartis AG (Germany)
  • Eisai Co., Ltd. (Japan)
  • Allergan (Ireland)
  • Merz Pharma (Germany)
  • AbbVie Inc. (U.S.)
  • Dr. Reddy’s Laboratories Ltd. (India)
  • Bayer AG (Germany)
  • Shodhana Laboratories Private Limited (India)
  • Teva Pharmaceutical Industries Ltd. (Israel)
  • Sanofi (France)
  • Shire (U.S.)
  • Ceretropic (U.S.)
  • Takeda Pharmaceutical Company Limited (Japan)
  • Torrent Pharmaceuticals Ltd. (India)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Cognitive and Memory Enhancer Drugs Market is projected to grow at a CAGR of 7.10% during the forecast period by 2029.
The future market value of the Cognitive and Memory Enhancer Drugs Market is expected to reach USD 10.39 million by 2029.
The major players in the Cognitive and Memory Enhancer Drugs Market are AlternaScript (U.S.), Cipla Inc. (India), Pfizer Inc. (U.S.), Johnson & Johnson Private Limited (U.S.), Novartis AG (Germany), Eisai Co., Ltd. (Japan), Allergan (Ireland), Merz Pharma (Germany), AbbVie Inc. (U.S.), Dr. Reddy’s Laboratories Ltd. (India), Bayer AG (Germany), etc.
The countries covered in the Cognitive and Memory Enhancer Drugs Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, etc.
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